HOME › Research Insight › Eurofins Scientific SE (Luxembourg) and Bureau Veritas S.A. (France) are Leading Players in Food Safety Testing Market
Eurofins Scientific SE (Luxembourg) and Bureau Veritas S.A. (France) are Leading Players in Food Safety Testing Market
The food safety testing market has many players (small, medium, and large); however, the industry is dominated by a few—which include Eurofins Scientific SE (Luxembourg), Silliker, Inc. (U.S.), SGS S.A. (Switzerland), Bureau Veritas S.A. (France), and Intertek Group (U.K.)—which collectively account for a majority of the food safety testing market. Acquisitions and expansions were the preferred growth strategies in this market. The purpose of adopting these strategies is that it results in better market penetration and market coverage, increases service portfolio, and helps to reach new potential markets. Other players such as ALS Limited (Australia), Microbac Laboratories, Inc. (U.S.), Asurequality (New Zealand), ILS Limited (U.K.), and DTS food laboratories (Australia) also have a presence in this market.
Eurofins Scientific SE (Luxembourg)
Eurofins Scientific SE is a life sciences company providing a wide range of food safety testing services. Testing for meat and fish; testing for genetically modified organisms; allergy testing, analyses for traces of residues & contaminants; nutritional analyses for food, feed, and dietary supplements; microbiological food testing; determination of food authenticity and origin; irradiated food testing; and specialist tests. The company adopts strategies such as expansions to gain market prominence, and mainly focuses on acquisitions as its key strategy for market expansion. The Eurofins has acquired various laboratories service providers in different countries to strengthen and expand its footprint in the region.
Bureau Veritas S.A. (France)
Bureau Veritas S.A. is a global leader in providing testing, inspection, and certification services to meet the growing challenges of food quality and safety. The company offers innovative solutions for regulations & standards, reducing risks, improving performance, and promoting sustainable development.
The company focuses on increasing its presence in emerging markets with acquisitions and new service launches. The company mainly focuses on acquisition as its key strategy. It has offered ASC (Aquaculture Stewardship Council) certificates to its customers in the shrimp aquaculture sector. Furthermore, it acquired Andes Control S.A. (Chile), which helped in strengthening the leading position of Bureau Veritas in food analysis in Chile. It has completed the acquisition of Maxxam Analytics International Corporation (Canada), which is Canada’s market leader in analytical services; this provides Bureau Veritas with expansion prospects in the U.S.
Food Safety Testing Market by Contaminant (Pathogens, Pesticides, GMOs, and Toxins), Food Tested (Meat & Poultry, Dairy Product, Processed Food, and Fruits & Vegetables), Technology (Traditional and Rapid), and by Region - Global Forecast to 2021
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