SOUTH AFRICA – As per a new report published by Allied Market Research, the South Africa food safety testing market size is estimated to reach US$145,995,000 by 2025, registering a CAGR of 10.4% from 2018 to 2025.
The research titled, “South Africa Food Safety Testing Market by Contaminant, Food Tested, and Technology: Opportunity Analysis and Industry Forecast, 2018 – 2025, noted that the South Africa food safety testing market size was valued at US$65,727 thousand in 2017.
Access to safe and affordable food is a basic human right, says the report. Food carrying potential contaminants can be harmful to health. Consumers expect and deserve protection against risks found in food. This ethical factor generates the need to setup food safety regulation and drives the growth of the South Africa food safety testing market.
Food safety auditors in the South African arena are faced with a number of challenges and one of the areas that lead to the biggest debates is the effective auditing of product testing requirements & compliance in the absence of comprehensive legislation.
In 2017, the polymerase chain reaction (PCR) technology segment accounted for nearly two-fifths share of the total South Africa food safety testing industry.
In terms of value, the PCR-based assay technology in South Africa food safety testing market is expected to grow at a CAGR of 11.0% during the forecast period.
Gauteng region is expected to dominate the South Africa food safety testing market, registering a significant CAGR of 10.9% in terms of value.
Mpumalanga region is projected to show exponential growth throughout the forecast years, growing at a CAGR 12.8%, in terms of value.
Based on food tested, the processed food segment is anticipated to dominate the South Africa food safety testing market, registering a CAGR of 10.5%.
Based on contaminant, the pathogen testing segment accounted for more than two-fifths share of the South Africa food safety testing market in 2017, as reported by Digital Journal.
The key players profiled in this report include ALS Limited, Bio-Rad Laboratories, Inc., Bureau Veritas, Deltamune, DNV GL AS (DNV), Eurofins Scientific S.E., Intertek Group plc., QIMA Limited, SGS SA (SGS), and TUV SUD.
Allied Market Research highlights that the South Africa food safety testing market is highly competitive, owing to the presence of several well-established manufacturers and vendors.
The market has been undergoing significant consolidation over the last few years, and this trend is expected to continue further, owing to increase in acceptance of food safety testing and technological advancements.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. It provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.”