Globalization of Food Trade to Fuel Demand for Food Safety Products, Says Tmr

Transparency Market
Research
Food Safety Products Market And Food Safety Testing
Market - Global Industry Size, Market Share, Trends,
Analysis And Forecast 2010 - 2018
Published Date
16-10-2012

97 Page Report

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Press Release

Globalization of Food Trade to Fuel Demand for Food Safety
Products, Says TMR

Transparency Market Research
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Food Safety product & testing market

REPORT DESCRIPTION

The global food safety products market is highly fragmented with the focus of most companies on the
reduction of equipment cost and time needed for the test. Key players operating in the market include:
Covance Inc., Eurofins Central Analytical Laboratories, Genevac Ltd, Hach Company, and Hardy
Diagnostics. Although there exist high entry barriers to the market owing to strict regulatory scenarios,
new entrants have a lot of freedom to operate in the market. Thus, the threat of new entrants is expected
to be medium. The food safety products market is extremely price-sensitive, states a new report by
Transparency Market Research (TMR).
The market is moderately concentrated on a global scale but extremely fragmented on a regional scale.
For instance, the regulatory norms in the U.S. is extremely stringent, however they are extremely relaxed
in Asia Pacific. The degree of competition is anticipated to be high in the coming years. Companies are
patenting their products to gain a competitive edge. Case in point. BioControl Systems Inc has patented its
product The Coli Complete, restraining rivals from using products with similar chemical composition.
Growth in Processed Food Market Boosts Demand for Food Safety Products
The expanding food and beverage industry and growing concerns over the quality of food are propelling
the global food safety products market. The rising...