© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Global Food Pathogen Testing.

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Presentation transcript:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Global Food Pathogen Testing Market in North America to hit USD 2 billion by 2024: Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Dairy industry expansion is directly proportionate food pathogen testing demand.  Improvement in milk processing technologies and farmer's training and strict safety norms by the government are likely to propel industry growth.  According to FAO, Asia Pacific dairy industry expenditure was around USD 100 billion in 2016 and it is projected that milk production will surpass 120 million tons in coming years.  Salmonella was valued at over USD 1.2 billion in 2016, rise in substantial number of food borne disease owing to presence of salmonella in fruits & vegetables, processed food, dairy, and meat will drive demand.  Centre for Disease Control and Prevention (CDC) has estimated that in the U.S., listeria is the third leading cause of death of over 260 people every year. Key Insights from Food Pathogen Testing Market:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  More than 1,600 people get sick from listeria every year in the U.S.  Traditional technology segment will grow at over 6.5% up to Low initial cost and simple steps associated with the test will support this segment’s growth during forecast period. PCR technology holds 14% of the overall industry share.  Increased accuracy, reduced cost and rapid test results is likely to drive this segment growth.  Meat & poultry will grow at over 7% up to campylobacter E. coli and salmonella are the key contaminants found in these products. Poor hygienic conditions and improper handling during skinning & befeathering results in contamination which is expected to support this segment growth.  FSIS have established new rules for preventing meat & poultry products contamination in processing & slaughter plants based on Hazard Analysis Critical Control Point (HACCP) system. Continued...

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  North America market will be worth over USD 2 billion by Increasing awareness among consumers towards fodder safety, recent disease outbreaks and rising usage of preservatives are the key factors supporting the industry growth in this region.  High medical expenses and increased use of genetically modified organisms in food & beverages industry will fuel regional industry growth.  Asia Pacific will witness gains at over 8% up to Stringent government norms coupled with increasing number of manufacturing firms will drive regional industry growth. Japan has been on the forefront for registering patents to develop technologies used for detecting contaminants.  Europe market will be worth over USD 1.7 billion by 2024, rise in meal contaminant illness. Increasing government efforts for curbing pathogens related epidemics will support industry growth in the region. Continued...

© 2016 Global Market Insights, Inc. USA. All Rights Reserved U.S. Food Pathogen Testing Market, By Contaminant, , (Million tests)

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