Booming Scope in APAC & Increasing Food Industries Will Aid Sharp Rise in Revenue of Food Additives Testing Market by 2020

January 03 00:06 2017
Current regional leader North America poised to continue healthy sales contributions to the Food Additives Market; other drivers being rising number of food industries globally, growing awareness of importance of additive testing in order to reduce overall risks of food-borne diseases and more.

The Food Additives Testing Market is an emerging market owing to the rise in processed food intake across the globe. Food and beverage industries add certain additives to enhance their food quality, taste, smell, texture and to keep them preserved for a longer time. With rise, growth and development in the Food and Beverage industry, the overall growth in the food additives testing scope is seen to be directly proportional. Clearly, with sharp betterment in the F&B industry, there is high scope for this market across the globe during 2015-2020.

Regional Forecast:

According to the IndustryARC marketing analysis report, North America is the leading region in the Food Additives Testing Market. In the US and Canada, the food and beverage industry is very prominent- thus owns a very high consumption of processed foods is in these areas; thus leading to high usage of additives in these geographies.

North America has high number of additives testing centers and labs to check if the food is safe for consumption of population. Clearly, the market in North America holds a potential growth capability through 2020, according to IndustryARC.

The food additives list and preservatives in food regulations are strict in Europe. The Food Additives Testing Market in Europe is expected to witness healthy growth due to its high quality standards for addition of chemicals in food and food preservation during 2015-2020.

Asia Pacific is very potential region for the Food Additives Testing Market due to high population in this region. Due to rise of food industries and processed food intake in this region, there is good scope for the food additives testing industry in Asia Pacific through 2020.

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Segmentation Overview:

This report includes various segmentations of the market into categories like: by additive type, by technology type and by geography:

By Additive Type: colorants, preservatives, flavor enhancers, emulsifiers, sweeteners, acidity regulators and others

By Technology Type: Immunoassay-based testing, Convenience-based testing, PCR-based testing and others

By Geography: North America, South America, Europe, Asia Pacific and ROW

The key players in the Food Additives Testing Market as mentioned in the IndustryARC market research report are as follows:

  • Bio-Rad Laboratories Inc.
  • Lloyd’s Register Quality Assurance Limited
  • Genon Laboratories Ltd
  • Accugen Laboratories Inc.
  • Aegis Food Testing Laboratories Inc.

The Food Additives Testing Market is a rapidly growing market in various regions across the globe. With the high intake of processed food with added additives and preservatives, there is rise in food additives testing industry. Overall, this market is expected to witness high growth in various regions owing to rise in food and beverages industries during 2015-2020.

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About IndustryARC:
 
IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
 
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