PUBLISHER: The Business Research Company | PRODUCT CODE: 1270552
PUBLISHER: The Business Research Company | PRODUCT CODE: 1270552
“Packaged Food Shelf Life Testing Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on packaged food shelf life testing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for packaged food shelf life testing? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The packaged food shelf life testing market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Major players in the packaged food shelf life testing market are SGS SA, Bureau Veritas, Eurofins Global, Intertek Group Plc., Merieux NutriSciences Corp., ALS Ltd., AsureQuality Limited, RJ Hill Laboratories, SCS Global, Agrifood Technology, Symbio Laboratories, Premium Analytical Services, AES Laboratories Pvt. Ltd., EnviroLogix Inc., and EMSL Analytical Inc.
The global packaged food shelf life testing market is expected to grow from $4.43 billion in 2022 to $4.87 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The packaged food shelf life testing market is expected to grow to $6.91 billion in 2027 at a CAGR of 9.1%.
The packaged food shelf-life testing market includes revenues earned by entities by testing bacterial contamination, food additives, acidity, and pH value in packed food or beverages using static testing methods. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Packaged food shelf-life testing is the process of testing different parameters and quality factors of food to determine how rapidly microbiological, chemical, and physical changes occur in food during distribution and storage.
Europe was the largest region in the packaged food shelf life testing market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the packaged food shelf life testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The parameter of packaged food shelf-life testing is microbial contamination, rancidity, nutrient stability, organoleptic properties, and others. Microbial contamination refers to the non-intended or accidental introduction of infectious material such as bacteria, yeast, mold, fungi, virus, prions, protozoa, or their toxins and by-products. The types of food tested are packaged food, beverages, bakery and confectionery products, meat and meat products, dairy products and desserts, processed fruits and vegetables, others with equipment and kit-based, and manual tests technology and real-time shelf life testing, and accelerated shelf-life testing methods.
High demand for packaged foods is expected to propel the growth of the packaged food shelf-life testing market going forward. Packaged foods refer to food that has its entire surface covered in order to protect it from damage, contamination, spoilage, pest attacks, and tampering during transport and storage, either by permeable or impermeable wrapping. Packaged food shelf-life testing is essential to determine the safety of the food and ensure that food is free of physical, chemical, and biological hazards, thereby protecting the customers from food-borne diseases. For instance, in June 2022, according to the Organization for Economic Co-operation and Development (OECD), a France-based intergovernmental organization dedicated to democracy and the market economy, global retail demand for packaged foods had increased by 15-20% higher than the year 2021, and sales of packaged foods in Germany increased by 56% from the 2021 year. Therefore, the high demand for packaged foods is driving the demand for packaged food shelf-life testing market.
Technological advancements are a key trend gaining popularity in the packaged food shelf-life testing market. Major companies operating in the market are introducing advanced technologies to gain a competitive edge in the market. For instance, in May 2022, SAVRpak, a US-based food technology innovation company launched SAVRpak Drop-In, which works on moisture control technology that reduces excess moisture, condensation, and bacteria, thus extending the shelf-life of packaged produce including berries, leafy greens, grapes, and mini cucumbers. It controls the oxygen and carbon dioxide levels in packaged produce to maintain freshness for up to four times longer.
In January 2021, SGS SA, a UK-based inspection, verification, testing, and certification company, acquired Analytical & Development Services (ADS) from Concept Life Science for an undisclosed amount. With this acquisition, ADS will strengthen its market position in the UK, add new complex services to food testing and advising businesses in the UK. Analytical & Development Services (ADS) is a UK-based knowledge-based, science-led, and customer-focused contract research and manufacturing organization involved in packaged food shelf-life testing.
The countries covered in the packaged food shelf life testing market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The packaged food shelf-life testing market research report is one of a series of new reports from The Business Research Company that provides packaged food shelf-life testing market statistics, including packaged food shelf-life testing industry global market size, regional shares, competitors with packaged food shelf-life testing market share, detailed packaged food shelf-life testing market segments, market trends, and opportunities, and any further data you may need to thrive in the packaged food shelf-life testing industry. This packaged food shelf-life testing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.