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:6/27/2016)... ... June 27, 2016 , ... Rolf K. Hoffmann, former senior ... the University of North Carolina Kenan-Flagler Business School effective June 27. ... Kenan-Flagler, with a focus on the school’s international efforts, leading classes and participating ...
(Date:6/24/2016)... 24, 2016 Epic Sciences unveiled a ... susceptible to PARP inhibitors by targeting homologous recombination ... The new test has already been incorporated into ... cancer types. Over 230 clinical trials ... pathways, including PARP, ATM, ATR, DNA-PK and WEE-1. ...
(Date:6/23/2016)... ... June 23, 2016 , ... ... to announce the launch of their brand, UP4™ Probiotics, into Target stores nationwide. ... years, is proud to add Target to its list of well-respected retailers. This ...
(Date:6/23/2016)... HOUSTON , June 23, 2016 ... agreement with the Cy-Fair Sports Association to serve ... of the agreement, Houston Methodist Willowbrook will provide ... education and connectivity with association coaches, volunteers, athletes ... partner with the Cy-Fair Sports Association and to ...
Breaking Biology Technology:
(Date:6/2/2016)... June 2, 2016 Perimeter Surveillance ... Unmanned Systems, Physical Infrastructure, Support & Other Service  ... visiongain offers comprehensive analysis of the global ... will generate revenues of $17.98 billion in 2016. ... Inc, a leader in software and hardware technologies for ...
(Date:5/16/2016)... , May 16, 2016   EyeLock LLC ... today announced the opening of an IoT Center of ... strengthen and expand the development of embedded iris biometric ... unprecedented level of convenience and security with unmatched biometric ... one,s identity aside from DNA. EyeLock,s platform uses video ...
(Date:4/28/2016)... FRANCISCO and BANGALORE, India , ... of EdgeVerve Systems, a product subsidiary of Infosys (NYSE: ... provider, today announced a global partnership that will ... way to use mobile banking and payment services. ... is a key innovation area for financial services, but it ...
Breaking Biology News(10 mins):