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Shelf-life Testing Market by Parameter, Method, Technology, Food Tested And Region - Global Forecast to 2023

Shelf-life Testing Market: Global Forecast until 2023

  • August 2018
  • 139 pages
  • ID: 5486764
In this report:
For example, Singapore imports ##% of its domestic food demands, owing to the small-scale food industry that can meet only ##% of its domestic food requirements.
As a result, the rising consumption of natural and organic convenience and packaged foods, which are projected to grow at a CAGR of ##% over the next five years, are expected to further drive the need to conduct thorough shelf-life tests, thereby enabling market growth.

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The shelf-life testing market is estimated to rise at a compound annual growth rate of 7.00 percent.

The shelf-life testing market is forecasted to be valued at ~$3.4B in 2018 and is projected to extend 4.76 billion by 2023, at a compound annual growth rate (CAGR) of 7.00 percent. The industry is influenced by stringent safety regulations for food products, rise in the outbreak of foodborne illnesses, and increase in demand for packaged and convenience foods. The lack of market coordination & standardization and improper enforcement of regulatory laws & supporting infrastructure in developing economies restrain the market increase of shelf-life testing.

Microbial contamination expected to be the quickest-growing segment, in terms of type, for shelf-life testing from 2018 to 2023.

The microbial contamination segment is expected to rise at the highest CAGR (Compound annual growth rate) during the outlook period. Unhygienic manufacturing conditions in food & beverage processing plants, low rate of adoption of appropriate sanitary practices in manufacturing units, use of already contaminated equipment & procurement of contaminated raw material, unsanitary storage conditions, cross-contamination, and non-maintenance of the required temperature in cold chain facilities are the main factors driving the rise of microbial contamination in industry supply chains.

The real-time segment is forecasted to be relatively big & fast-growing for shelf-life testing from 2018 to 2023.

The shelf-life testing market, by method, is expected to be dominated by the real-time segment in 2018.It is also estimated to grow at a higher rate through 2023.

Widely acceptable results and higher suitability for food & beverage products in comparison to the accelerated shelf-life testing method drive the market increase for the real-time testing method.

EU is set to lead the shelf-life testing market with the biggest share in 2018.

The european (EU) market is projected to be the biggest in 2018; this dominance can primarily be attributed to Elements such as supporting government regulations that mandate shelf-life testing of food products at the production stage as well as during imports and exports, growing prevalence of foodborne diseases, ongoing technological advancements, and consumer protection.The Asia Pacific market is expected to grow at the highest compound annual growth rate (CAGR) from 2018 to 2023.

The emerging trends regarding convenience foods and processed food & beverages in the Asia Pacific area primarily include convenience, health, and taste. This has further prompted food & beverage manufacturers in the territory to get their products tested for shelf life, as it not only gives info about the duration till which the product is free from any microbial contamination but also on its physical and sensory properties, thus helping manufacturers to assign the correct shelf life of the product and ensure compliance to regulatory norms.

The breakdown of the primaries on the basis of company type, description, and area, conducted during the business research study, is like:

• By Company category: Tier 1: 33.0 percent, Tier 2: 28.0 percent, and Tier 3:39.0 percent

• By Description: C-suite: 49.0 percent, D-level: 21.0 percent, and Others: 30.0 percent

• By Area: North America continent: 25.0 percent, Europe (EU): 30.0 percent, Asia Pacific (APAC): 40.0 percent, and RoW: 5.0 percent

The top players in the shelf-life testing market approved acquisitions as their top increase strategy to rise their share of market and profits. Business developments & market investments recorded for the second-most important strategy to be adopted by market actors.

Segment Research

The analysis examines the shelf-life testing market across various class and territories.It aims at evaluating the size and upcoming growth potential of this market across distinct segments including parameter, food tested, method, technology, and area.

The market research also comprises a detailed competitive analysis of the top players in the sector, together with their company descriptions, recent evolutions, and key industries strategies.

Why acquiring this study can help you:

• To get a comprehensive overview of the overall shelf-life testing market

• To benefit wide-ranging information about the top actors in this market, their service portfolios, and top strategies approved by them

• To benefit insights of the main countries/localities in which the shelf-life testing market is prospering

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