Recalls Are Driving Growth in the Worldwide Food Safety Market and More Than 300 Million Tests for Pathogens Will Be Conducted in 2019

Strategic Consulting, Inc.'s Industrial Microbiology Market Report, 5th Edition (IMMR-5) provides an in-depth analysis of the food safety microbiology testing marketplace.

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Strategic Consulting Inc.

Nov 13, 2018, 08:31 ET

BALTIMORE, Nov. 13, 2018 /PRNewswire/ -- Recent food recalls in the United States and Europe due to the presence of food pathogens is putting more pressure on processors to test more frequently. This will drive demand for food safety diagnostic products and commercial laboratory services over the next five years.

This demand will drive the food safety market to exceed 1.3 billion tests in 2019, with more than 300 million of these tests being for higher value pathogen detection and identification tests. Demand for food safety laboratory services is growing even faster -- at double digits – and leads the food safety sector as food processers increasingly outsource food pathogen analysis to commercial laboratories.

The Industrial Microbiology Market Report, 5th Edition from Strategic Consulting, Inc. provides an in-depth analysis of the food safety microbiology testing marketplace, including market size, growth rates, competition, market drivers and detailed market estimates for 2018 and projections through 2023.

Strategic Consulting, Inc.'s IMMR-5 also profiles market data for microbiological testing done globally to ensure product and process safety in other industrial markets, including Beverages, Pharmaceuticals, Personal Care/Cosmetics, Environmental and Industrial processing sectors. IMMR-5 provides details on test practices and technologies used in these six sectors in five world regions: North America, Europe, Asia-Pacific, Latin America and Rest of the World.

Industrial microbiology market growth, which had been dominated by markets in North America and Europe will shift to higher growth markets in Asia, Latin America and other world regions, where greater than 90% of world population growth will occur through 2050 - creating greater growth opportunities in these developing markets.

IMMR-5 also includes profiles of 21 of the leading diagnostic test kit companies and commercial laboratories competing in the industrial microbiology market. These companies account for more than 70% of the diagnostics and laboratory market revenue.

Strategic Consulting's market reports have been published continually since 1998. Leading diagnostic and laboratory companies rely on our reports for their strategic planning and marketing. Financial investors use SCI's reports as their key market reference for major transactions in the industrial microbiology market.

For more information about IMMR-5 and a report prospectus, please visit www.strategic-consult.com, or contact SCI at [email protected].

Founded in 1996, Strategic Consulting, Inc. (SCI) provides market reports and business consulting on microbiology-based quality and safety testing for food, beverages, pharmaceuticals, personal care products, environmental water and industrial-process water. SCI's principals and consultants have proven success in working with venture capital backed start-ups, publicly traded companies, technology acquisitions, and transformation of underachieving companies.

For more information:

Robert Ferguson

President, Strategic Consulting, Inc.

Email: [email protected]

Tel: +1 443 244 5245

www.strategic-consult.com

SOURCE Strategic Consulting Inc.