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:5/21/2017)... ... May 19, 2017 , ... ... educational conference of the American Association of Bioanalysts (AAB) and the College of ... Houston. The conference reinforces AAB’s commitment to excellence in clinical laboratory services and ...
(Date:5/18/2017)... ... May 18, 2017 , ... Dr. Ralph ... at the Prince Of Wales Private Hospital. The procedure was performed on a ... patient failed conservative treatments prior to undergoing surgery. , The AxioMed viscoelastic disc ...
(Date:5/18/2017)... ... May 17, 2017 , ... ... enhances its scientific power by providing investigators access to a high-profile scientific ... join the scientific advisory board. “We are committed to offering superior services ...
(Date:5/18/2017)... Station, TX (PRWEB) , ... May 17, 2017 ... ... design and construction, announced today that their Chief Executive Officer, Maik Jornitz, was ... List. The UK publication’s Power List celebrates 100 individuals “involved in bettering the ...
Breaking Biology Technology:
(Date:3/28/2017)... 28, 2017 The report "Video ... Monitors, Servers, Storage Devices), Software (Video Analytics, VMS), and ... Global Forecast to 2022", published by MarketsandMarkets, the market ... is projected to reach USD 75.64 Billion by 2022, ... The base year considered for the study is 2016 ...
(Date:3/24/2017)... The Controller General of Immigration from Maldives Mr. Mohamed Anwar ... prestigious international IAIR Award for the most innovative high security ePassport and ... ... Maldives Immigration Controller General, Mr. Mohamed ... the right) have received the IAIR award for the "Most innovative high ...
(Date:3/23/2017)... The report "Gesture Recognition and Touchless Sensing Market by Technology (Touch-based and Touchless), ... published by MarketsandMarkets, the market is expected to be worth USD 18.98 billion ... Continue Reading ... ...      (Logo: ...
Breaking Biology News(10 mins):