Food Testing Market Primarily Driven by Growing Demand for Agro-Chemicals,

Food Testing Market Forecast (2013 - 2018)

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Food Testing Market Forecast (2013 - 2018)

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Food Testing Market Overview The global food testing market represents the overall testing services provided by contract laboratories and this market has been further segmented with respect to pathogens, food types and testing technologies were analyzed in this report. The market size and growth forecasts are with respect to the contract laboratory testing services provided by companies like SGS Group, Bureau Vertias, Eurofins and so on.

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Food Testing Market Forecast (2013 - 2018)

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Food Testing Market trends & Growth  According to IndustryARC, Food Testing Market which includes the food safety testing market is expected to grow at a healthy growth rate of around 6% during the forecast period until 2018. And it is also estimated to cross the 4$ Billion Market by 2018. The food testing equipment market on the other hand is of $4 Billion with IR type of instruments occupying the highest share in-terms of technology. IndustryARC experts also expect the number of tests to increase from 1.78 Billion in the past years to 2.62 Billion by 2018 end, growing at a CAGR of 8.4%.  Regionally, APAC (Out of which, China is the rapid growing country) is considered to possess the fast growing CAGR rate globally, owing to the increasing demand for food safety from consumers, producers and regulators. The increased food borne diseases in Australia has led to prioritizing of food safety testing in that region.

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Food Testing Market Forecast (2013 - 2018)

Food Testing Market Driving Factors  Increased consumption of processed food, both in developing and developed

countries.  Increasing foodborne diseases worldwide.  Increased stringencies of food safety rules & regulations by the governments.  Increasing globalization of food trade and development of rapid food safety testing techniques.  Rapid advanced technologies are propelling the market because traditional methods are time consuming and labor intensive.

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Food Testing Market Forecast (2013 - 2018)

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Key Market Players of Food Testing Market This market report on Food Testing Market includes intense study on competitors and players on the global level. Some of them are:  SGS S.A.  Bureau Veritas S.A.  Intertek Group Plc  Bio-Rad Laboratories, Inc.  IDEXX Laboratories, Inc.  Foss A/S

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THE ARC PROCESS

1. Get a top down Estimate of the market

2. Validating all factors in terms of their present impact on the market.

2. Follow it up with a bottom up estimate of the market.

3. Assigning weights to these factors in terms or their relevance & impact on the market.

4. Build the

Analytical Model

3. Check for consistency and new growth factors that that are relevant over the next 10 Years 4. Build the

Base model

Delphi Verification

1. Verify the findings of the model with experts from across the value chain.

1. Granular breakdown of drivers into factors 2. Validating all factors in terms of their present impact on the market.

3. Assigning weights to these factors in terms of their relevance & impact on the market.

4. Build the

Consolidated Model

ARC Model

1.Granular breakdown of the drivers into factors

Consolidation ConsolidatedMethod Model

Consolidated Model

Base BaseMethod Model

Base Model

Analytical Model

Analytical Method

2. Verify the findings with players across small and large enterprises 3. Tweak the model and add new factors 4. Finalize the

ARC Model

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