Study: N.A. food pathogen testing market to witness substantial gains through 2024
Market players are adopting partnership programs, joint ventures and acquisition activities as major growth strategies.
The commercialization matrix of the food pathogen testing market has witnessed a remarkable surge in recent years, augmented by the stringency in food regulations implemented by FDA, FAO and EU, to name a few. Food processors are continuously brainstorming new manufacturing facilities that can quickly and efficiently detect the presence of pathogens in food. With the increasing consumer awareness in food safety and hygiene, food processors and testing laboratories are shifting their focus toward the deployment of high-performance and effective food pathogen testing technologies.
In fact, the food industry is likely to stimulate the food pathogen testing market size, which was pegged at a valuation of $3 billion in 2016, according to a study produced by Global Market Insights, Inc., Ocean View, Del.