USD 28-30 BN MARKET POTENTIAL WITHIN FOOD SAFETY TESTING IN DIFFERENT TYPE SEGMENTS
Download PDFFood Safety Testing Solutions are Taking the Centre Stage in the Food Processing Industry as the Key Enablers of Safe and Hygienic Food Offerings
Unprecedented Importance of Food Safety in a Consumer's life - Health and Wellness being the key priority among consumers worldwide, FOOD SAFETY TESTING solutions are taking the centre stage in THE food Processing industry as the key enablers of safe and Hygienic food offerings
Pathogens and GMOs are the key contaminants tested. Similarly, Meat, poultry, and seafood are the key application areas in the food safety testing market
WE offer A COMPREHENSIVE UNDERSTANDING OF THE food safety testing ECOSYSTEM THROUGH OUR PROPRIETARY PLATFORM ‘KNOWLEDGESTORE.’
TOP Food Safety Testing GROWTH STORIES
MNM RECENTLY ASSISTED A LEADING MANUFACTURING COMPANY WITH A DETAILED MARKET ANALYSIS AND SUB-MARKET ASSESSMENT, THE CLIENT EFFECTIVELY GAINED A COMPLETE UNDERSTANDING AND INSIGHT INTO THE MARKETS, WHICH HELPED IT TO SUCCESSFULLY FORMULATE ITS BUSINESS AND MARKET STRATEGIES FOR THE UK FOOD SAFETY TESTING MARKET
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AFTER WORKING THROUGH THE DETAILED MARKET ANALYSIS BY MNM, THE CLIENT EFFECTIVELY GAINED A SIGNIFICANT UNDERSTANDING AND INSIGHT INTO THE INDONESIAN MARKET. THE CONSULTING ASSIGNMENT AIDED THE COMPANY IN ITS BUSINESS AND MARKET STRATEGIES FORMULATIONS FOR EXPANSIONS AND INVESTMENTS IN THE INDONESIAN FOOD SAFETY TESTING MARKET
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MNM RECENTLY ASSISTED DETAILED MARKET ANALYSIS AND SUB-MARKET ASSESSMENT, THE CLIENT WAS ABLE TO UNDERSTAND THE SCENARIO IN THE MEXICAN MARKET. THE STUDY HELPED THE COMPANY IN FORMULATING THE BUSINESS STRATEGY FOR ENTRANCE INTO THIS MARKET
Download PDFFood safety testing market ESTIMATED TO GROW AT A significant CAGR OF 7- 8% IN THE COMING five YEARS
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WHY DO COMPANIES NEED HELP TO GROW?
ABSENCE OF ORIGINAL RESEARCH:
- Market potential and opportunity for emerging countries, such as Central America, Middle Eastern Countries, South American countries, among others
- Insufficient secondary research for strategic decisions
INTELLIGENCE IS NOT DEMOCRATISED:
- Clients’ unmet needs to be understood by all market-facing employees for new services development and vendor selection
- Clients’ unmet needs to be understood by all market-facing employees for new services development and vendor selection
SOME UNKNOWNS & ADJACENCIES
- Testing targets, such as GMOs, dioxins, & residue, are predicted to be the “next frontier” in the food safety testing market.
- Increasing focus of consumers on purchasing foods that are safe and of high-quality give rise to food safety testing.
- The development in the food safety testing market is due to the worldwide increase in the number of outbreaks of foodborne illnesses, the implementation of stringent food safety regulations, and the globalization of food supply.
- In the food safety testing segment, Asia Pacific & South America are primarily performing as an emerging countries. Developed countries have more focused and targeted applications and methods.
GROWTH PROBLEMS ENCOUNTERED BY Food Safety Testing COMPANIES
Customer prioritization and assessing unmet needs:
- How does food safety testing help in the implementation of comprehensive food safety and quality strategies?
- How does food safety testing help in the implementation of comprehensive food safety and quality strategies?
- What could be the target food segment to position food safety testing services?
- How to develop loyalty for the customers and big production plants?
- How to compete with the peer companies?
- What are the key unmet needs of customers? Who are the key stakeholders in different settings? Which new product features should be added to the existing products?
Where to Play:
- Which application and type of food safety testing should we focus on? Should it be pathogens, dioxins, mycotoxins, GMOs, or any other?
- Which regions should we place our bets on? Should we continue with developed countries or do developing countries offer more growth opportunities?
Building a compelling Right to Win (RTW):
- For M&A, what are the right targets for us? Should we target government organizations, export-import, or large food producers and processors? Should we enter new markets directly or through partners?
- How can we differentiate from top players? What is their right-to-win vs. ours?
OBSTACLES TO GROWTH FOR CURRENT PLAYERS
- Not able to keep pace with the fast-evolving food safety testing industry. New service and targets tested are emerging frequently.
- Many start-ups and emerging companies are eating up some part of the market share of established companies.
- There is limited clarity on unmet needs. Hence, the requirements for service features are not clear.
- There is an unclear picture about the regulations.
KEY UNCERTAINTIES/ PERSPECTIVES WHICH INDUSTRY LEADERS SEEK ANSWERS TO:
KEY QUESTIONS OF Food Safety Testing COMPANIES
- What are the regulations related to food safety testing?
- What are the regions targeted to set up the food safety testing service center?
- What are the trending targets tested under food safety testing services?
- What are the upcoming technologies adopted by the key players in the food safety testing sector?
- How are the peer companies performing R&D activities to develop innovative services under food safety testing?
- Major challenges faced by food testing service providers are new and emerging bacteria, toxins, and antibiotic resistance; changes in consumer preferences and habits; and changes in the tests that diagnose foodborne illness.
KEY QUESTIONS OF COMPANIES IN ADJACENT MARKETS
- How will the food safety testing meet for safer food with safety and better quality?
- What will be the market potential for meat, poultry, seafood, fruits & vegetables, processed food, and dairy products, in 2025 and 2035?
- In food safety testing, which technology and contaminants will account for a larger market in the coming future?
- Would regulations also help in increasing the demand for food safety testing, globally?
- What regulatory policies can help strategize and achieve volumetric scale-up?
What is driving change
in your business
- Product life cycles getting shorter.
- Ecosystems getting converged.
- Newer technologies and new use-cases disrupting.
- New markets, new geographies, new clients, competition and partners.
Are changes only impacting you or your clients and their clients as well?
The trial will be a guided tour by our representative to help you discover the shift in revenue sources of your clients and clients' clients that will impact your revenue. This is your opportunity to unlock the research IP worth $100 million
THE FOCUS OF MNM RESEARCH IS ON HIGH-GROWTH MARKETS AND EMERGING TECHNOLOGIES, WHICH WILL contribute to ~60%-70% OF THE REVENUES OF FOOD SAFETY TESTING PLAYERS IN THE NEXT 5–10 YEARS
INDICATIVE LIST OF OTHER PROJECTS EXECUTED FOR Food Safety Testing COMPANIES:
- STUDY
- FOOD SAFETY TESTING MARKET
- MYCOTOXIN TESTING MARKET
- ENTERIC DISEASE TESTING MARKET
- DAIRY TESTING MARKET
- FOOD DIAGNOSTICS MARKET
- NUTRITIONAL ANALYSIS MARKET
- AGRICULTURAL TESTING MARKET
- FOOD TESTING KITS MARKET
- FOOD CERTIFICATION MARKET
- MEAT TESTING MARKET
RESEARCH COVERAGE IN FOOD SAFETY & TIC
impacting you and
your clients
Food Safety Testing COMPANIES
BUSINESS INNOVATION DIRECTOR,
EUROPE-BASED LEADING TESTING PROVIDER,
LTIC SERVICE PROVIDERS
I highly appreciate the team’s efficiency in a well-conducted study that helped us clarify some blind spots in the area of the TIC sector. Although compiling information for testing done for different food products is very difficult, the MnM team pulled off the task successfully. The quality of research, level of insights, and responsiveness of the team were commendable
Leading American Testing service provider lab,
I have seen this as a collaborative engagement that has addressed very specific questions that I wanted to answer. The MnM team functioned in a certain respect as an extension of the core team, which was laudable.
Second Panel
Third Panel
