Navigation Links
Global Food Contract Testing Lab Revenues Exceed $3 Billion in 2013
Date:10/31/2013

Woodstock, VT (PRWEB) October 31, 2013

According to a new report from Strategic Consulting, Inc. (SCI), a leading provider of market research for food safety diagnostics companies, food companies around the world are sending increasing amounts of quality and safety testing to third party contract testing laboratories. Total revenues for food contract test labs are estimated to reach $3.05 billion in 2013, up from $1.95 billion just five years ago, at a healthy compound annual growth rate (CAGR) of 9.4% worldwide.

Contract testing labs offer a range of services to food producers, but chief among them are microbiology testing to detect food pathogens, and chemistry testing for nutritional analysis or contaminants such as pesticides and toxins. Other services can include food safety program development, plant audits and field assessments.

The first ever report to examine the food contract test lab business in detail, SCI’s Food Contract Lab Report tracks the revenues, test volumes and services of outside testing labs, which are becoming increasingly integral to food producers and their food safety testing programs. The Report includes revenues, test volumes and growth rates by geographic region (North America, Europe, Asia, and the rest of the world) and by business area (microbiology, chemistry and services).

SCI’s Report also examines the drivers for the dramatic growth in contract testing laboratories, which include the increasing trend of food production facilities to send food samples outside for analysis. The Report provides detailed market forecasts through 2018, and discusses the potential for even greater growth over the next five years, including the impact of the Food Safety Modernization Act (FSMA) and possible lab accreditation requirements for all food testing laboratories.

As with all Strategic Consulting market reports, the Food Contract Lab Report is based on extensive market research including detailed interviews with managers of leading food contract labs. The Food Contract Lab Report (FCLR) will be available in December. Contact Strategic Consulting for more information.

Read the full story at http://www.prweb.com/releases/2013/11/prweb11289783.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related biology technology :

1. MedImmune Announces Winners of Its 6th Annual Global Abstract Competition
2. MarketsandMarkets: Global Prostate Cancer Therapeutics Market worth $6,457 Million by 2020
3. Global Cleantech Cluster Association Names New York City Startup Rentricity to Global Top 10 List
4. StemCyte Adds World Class Talent to its North America and Global Operations
5. Sequenom Named to NASDAQ Global Select Market
6. Synthetic Biology: Emerging Global Markets
7. MacroGenics Receives Milestone Payment as Part of Its Global DART™ Alliance with Boehringer Ingelheim
8. Amgen to Present at the 30th Annual J.P. Morgan Global Healthcare Conference
9. Hemodialysis Machine Industry 2012 Global & China Market Research Report - ReportsnReports
10. MarketsandMarkets: Global Seed Treatment Market worth $3430.3 Million by 2016
11. Accuray Surpasses 600 Installations Globally
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... SAN DIEGO , June 24, 2016 /PRNewswire/ ... that more sensitively detects cancers susceptible to PARP ... individual circulating tumor cells (CTCs). The new test ... of HRD-targeted therapeutics in multiple cancer types. ... therapies targeting DNA damage response pathways, including PARP, ...
(Date:6/23/2016)... , ... June 23, 2016 , ... ... release of its second eBook, “Clinical Trials Patient Recruitment and Retention Tips.” Partnering ... retention in this eBook by providing practical tips, tools, and strategies for clinical ...
(Date:6/23/2016)... , June 23, 2016 /PRNewswire/ - FACIT has ... Ontario biotechnology company, Propellon Therapeutics Inc. ... and commercialization of a portfolio of first-in-class WDR5 ... targets such as WDR5 represent an exciting class ... in precision medicine for cancer patients. Substantial advances ...
(Date:6/23/2016)... ... June 23, 2016 , ... Charm Sciences, Inc. is ... has received AOAC Research Institute approval 061601. , “This is another AOAC-RI approval ... Bob Salter, Vice President of Regulatory and Industrial Affairs. “The Peel Plate methods ...
Breaking Biology Technology:
(Date:6/20/2016)... June 20, 2016 Securus Technologies, a ... solutions for public safety, investigation, corrections and monitoring ... involved, it has secured the final acceptance by ... for Managed Access Systems (MAS) installed. Furthermore, Securus ... to be installed by October, 2016. MAS distinguishes ...
(Date:6/7/2016)... , June 7, 2016  Syngrafii Inc. and ... business relationship that includes integrating Syngrafii,s patented LongPen™ ... project. This collaboration will result in greater convenience ... credit union, while maintaining existing document workflow and ... ...
(Date:6/1/2016)... 1, 2016 Favorable Government Initiatives ... and Criminal Identification to Boost Global Biometrics System Market ... TechSci Research report, " Global Biometrics Market By ... and Opportunities, 2011 - 2021", the global biometrics market ... on account of growing security concerns across various end ...
Breaking Biology News(10 mins):