PUBLISHER: The Business Research Company | PRODUCT CODE: 1425704
PUBLISHER: The Business Research Company | PRODUCT CODE: 1425704
Packaged Food Shelf Life Testing Global Market Report 2024 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.
Packaged food shelf-life testing involves evaluating various factors affecting food quality to determine its stability during storage and distribution. This comprehensive process assesses the speed of microbiological, chemical, and physical changes occurring in food products over time.
Parameters evaluated in packaged food shelf-life testing encompass microbial contamination, rancidity, nutrient stability, and organoleptic properties. Microbial contamination refers to the unintended presence of infectious agents like bacteria, yeast, molds, or viruses, along with their by-products. These evaluations apply to a wide range of food types, including packaged foods, beverages, bakery items, meats, dairy products, processed fruits and vegetables, employing technologies such as equipment and kit-based testing, manual tests, real-time shelf-life testing, and accelerated shelf-life testing methods.
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.
The packaged food shelf life testing market size has grown strongly in recent years. It will grow from $4.83 billion in 2023 to $5.3 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth observed in the historic period can be attributed to several factors, including stringent regulatory compliance, heightened consumer demand for quality assurance, the global expansion of food supply chains, the growing complexity of packaged food items, and the prioritization of brand protection and reputation management within the industry.
The packaged food shelf life testing market size is expected to see strong growth in the next few years. It will grow to $7.64 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The anticipated growth in the forecast period is driven by several factors, notably stringent food safety regulations, a surging demand for natural and fresh products, a heightened emphasis on sustainability practices, challenges posed by globalization and supply chain risks, the burgeoning e-commerce sector, and evolving landscapes in retail driven by changing consumer behaviors regarding public health concerns. Noteworthy trends expected in this period include the expansion of global supply chains, the integration of IoT and smart packaging technologies, adherence to rigorous regulatory standards, customized testing protocols for various food categories, and an increasing demand for plant-based and functional foods.
The increasing demand for packaged foods is set to drive the growth of the packaged food shelf-life testing market. Packaged foods, shielded by covering to prevent damage and contamination during storage and transport, require rigorous testing to ensure their safety and freedom from biological, chemical, and physical hazards. Notably, in June 2022, the Organization for Economic Co-operation and Development (OECD) reported a global surge in retail demand for packaged foods, witnessing a 15-20% increase compared to 2021. Similarly, Germany experienced a significant 56% rise in packaged food sales from the previous year, signifying the influence of heightened packaged food demand on the need for shelf-life testing.
The rising occurrences of foodborne illnesses are expected to fuel the growth of the packaged food shelf-life testing market. These illnesses, arising from contaminated food or beverages, underscore the critical role of shelf-life testing in ensuring the safety and integrity of products. Mitigating microbial contamination through shelf-life testing becomes pivotal in safeguarding consumer health. Highlighting this, the Centers for Disease Control and Prevention (CDC) noted an estimated 48 million illnesses, 128,000 hospitalizations, and 3,000 deaths due to foodborne illnesses in the United States in August 2023, emphasizing the need for stringent testing protocols.
Technological advancements represent a significant trend driving evolution within the packaged food shelf-life testing market. Leading market players are embracing innovative technologies to gain a competitive edge. An example is SAVRpak's introduction of the SAVRpak Drop-In in May 2022, leveraging moisture control technology to reduce excess moisture, condensation, and bacteria in packaged produce. This innovation extends the shelf life of items like berries, leafy greens, grapes, and mini cucumbers by regulating oxygen and carbon dioxide levels, maintaining freshness for up to four times longer.
Major entities in the packaged food shelf-life testing market are intensifying efforts to introduce advanced solutions, such as Novamyl BestBite, to enhance product quality and extend shelf life. Novamyl BestBite, an enzymatic solution launched by Novozymes in May 2023, focuses on optimizing starch conversion in baked goods, improving texture, freshness, and shelf life without compromising taste. This innovative enzymatic ingredient not only reduces food waste but also allows producers to minimize added sugars while enhancing baked goods' characteristics and shelf life. This advancement represents a no-compromise solution for augmenting product features while extending shelf life in the food industry.
In January 2021, SGS SA, a prominent UK-based company specializing in inspection, verification, testing, and certification services, completed the acquisition of Analytical & Development Services (ADS) from Concept Life Science. The strategic move was designed to bolster ADS's foothold in the UK market while also augmenting its service portfolio with sophisticated offerings in food testing. Analytical & Development Services (ADS), a UK-based contract research and manufacturing organization, specializes in science-driven and customer-centric operations, particularly in the domain of packaged food shelf-life testing.
Major companies operating in the packaged food shelf life testing market report are SGS SA, AES Laboratories Pvt. Ltd., Agrifood Technology, ALS Ltd., AsureQuality Limited, Bureau Veritas, EMSL Analytical Inc., EnviroLogix Inc., Eurofins Scientific SE, Intertek Group PLC, Merieux NutriSciences Corp., Premium Analytical Services, RJ Hill Laboratories, SCS Global Services, Symbio Laboratories Pty. Ltd., Microbac Laboratories Inc., Silliker Inc., Covance Inc., TUV SUD AG, NSF International, Underwriters Laboratories LLC, DNV GL, Lloyd's Register Group Limited, Kiwa NV, Q Laboratories Inc., Romer Labs Diagnostic GmbH, 3M Food Safety, Accugen Laboratories Inc., Advanced Analytical Testing Laboratories Inc., Analytical Food Laboratories, Bio-Rad Laboratories Inc., CEM Corporation, Certified Laboratories Inc., Charles River Laboratories International Inc., EAG Laboratories
Europe was the largest region in the packaged food shelf life testing market in 2023. 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, Africa.
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, Canada, Italy, Spain.
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.
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.