Shelf-life Testing Market

[138 Pages Report] The shelf-life testing market was valued at USD 3.19 billion in 2017 and it is projected to reach USD 4.76 billion by 2023, at a CAGR of 7.0% during the forecast period. Stringent safety regulations for food products, increase in the outbreak of foodborne illnesses, and growth in demand for packaged and convenience food are factors driving this market.

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The periodization considered for the study is as follows:

• Base year: 2017
• Forecast period: 2018 to 2023

Objectives of the report

• Determining and projecting the size of the shelf-life testing market with respect to parameter, food tested, method, technology, and regional markets, over a five-year period ranging from 2018 to 2023
• Identifying the attractive opportunities in the market by determining the largest and fastest-growing segments across regions
• Analyzing the further segments and subsegments of the global market included in the report with respect to individual growth trends, future prospects, and their contribution to the global market
• Identifying and profiling the key market players in the market
• Determining the market ranking of the key players operating in the market
• Providing a comparative analysis of the market leaders on the basis of the following:
  • Service offerings
  • Business strategies
  • Strengths and weaknesses
  • Key financials
• Understanding the competitive landscape and identifying the major growth strategies adopted by players across the key regions
• Analyzing the market dynamics and competitive situations & trends across regions and their impact on prominent market players

Research Methodology:

• The key regions were identified, along with countries contributing the maximum share
• Secondary research was conducted to find the value of the shelf-life testing market for regions such as Europe, North America, Asia Pacific, and RoW
• The key players were identified through secondary sources such as the Food and Agriculture Organization (FAO), the US Department of Agriculture (USDA), International Monetary Fund (IMF), World Bank, and Organisation for Economic Co-operation and Development (OECD), while their market shares in the respective regions were determined through both, primary and secondary research processes. The research methodology included the study of annual and financial reports of top market players, as well as interviews with industry experts (such as CEOs, VPs, directors, and marketing executives) for key insights (both quantitative and qualitative) for the market.

The various contributors involved in the value chain of the shelf-life testing market include raw material suppliers, R&D institutes, shelf-life testing service providers [such as SGS (Switzerland), Bureau Veritas (France), Intertek (UK), Eurofins (Luxembourg), and ALS Limited (Australia)], shelf-life testing equipment manufacturing companies, and government bodies & regulatory associations [such as the US Department of Agriculture (USDA), the Food and Drug Administration (FDA), and the European Food Safety Authority (EFSA)].

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Target Audience

The stakeholders for the report are as follows:

• Food & beverage manufacturers
• R&D institutes & laboratories
• Shelf-life testing service providers and third-party testing & certification laboratories
• Regulatory bodies
  • Food and Drug Administration (FDA)
  • European Food Safety Authority (EFSA)
  • Food Standards Australia New Zealand (FSANZ)
  • Food Safety Commission of Japan, the Agri-Food & Veterinary Authority of Singapore (AVA) (Singapore)
  • Canadian Food Inspection Agency
  • Government agencies and NGOs
• Component suppliers
  • Reagent manufacturers & suppliers
  • Diagnostic instrument & kit manufacturers/suppliers

Drivers

Stringent safety regulations for food products result in the adoption of shelf-life testing services

The rise in the level of intricacies and an increase in the number of supply chain participants have made it difficult for manufacturers to be able to uniformly adopt hygienic and sanitized manufacturing practices. Such factors have further led to an increase in the number of food contamination incidences, thereby compelling various governments across the globe to implement and further develop stringent food safety regulations. This has fueled the growth of the testing, inspection, and certification market, with different regulatory bodies such as the United States Department of Agriculture (USDA) and European Food Safety Authority (EFSA) introducing guidelines for testing, inspection, and sampling services for the safety and quality assurance of food products. Similar guidelines are adopted by other countries, worldwide, with variations and exceptions in laws.

Increase in outbreaks of foodborne illnesses

Incidences of foodborne illnesses occur primarily due to the consumption of food contaminated by pathogens or the growth of yeasts and molds that may or may not be pathogenic. This could also happen when a food commodity exceeds its date of expiry, whereby it ceases to be microbiologically safe for consumption. According to a WHO estimate released in 2015, around 600 million people in the world fall ill after eating contaminated food, of which 420,000 die every year. According to a Centers for Disease Control and Prevention (CDC) estimate released in 2012, each year nearly 48 million people get sick, 128,000 get hospitalized, and 3,000 die, due to foodborne illnesses, in the US. According to the Food Standards Agency (FSA), every year around 1 million people are affected by foodborne illness, and nearly 20,000 people receive medical treatment for foodborne illnesses in the UK. Furthermore, about 500 death cases are reported as a result of food poisoning, costing approximately USD 2.0 billion, in the country.

Restraints

Lack of market coordination & standardization and improper enforcement of regulatory laws & supporting infrastructure in developing economies

The food industry in developing countries remains highly fragmented and is predominated by small and unorganized players, who may have not necessarily adopted proper food testing and shelf-life testing practices, leading to a greater risk of their contamination. Testing of food & beverage products, such as packaged foods, dairy products, beverages, and meat products, among other samples require proper enforcement measures, coordination between market stakeholders and supporting infrastructure. However, many countries that are classified in the cluster of developing economies lack these factors acting as a restraint for the shelf-life testing industry.

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Scope of the Report

This research report categorizes the shelf-life testing market based on parameter, food tested, method, technology, and region.

Based on parameter the market has been segmented as follows:

• Microbial contamination
• Rancidity
• Nutrient stability
• Organoleptic properties
• Others (water activity, pH, and moisture content)

Based on food tested, the market has been segmented as follows:

• Packaged food
• Beverages
• Bakery & confectionery products
• Meat & meat products
• Dairy, dairy products, and desserts
• Processed fruits & vegetables
• Others (fats & oils and food additives & ingredients)

Based on method, the market has been segmented as follows:

• Real-time
• Accelerated

Based on technology, the market has been segmented as follows:

• Equipment- & kit-based
• Manual tests  

Based on region, the market has been segmented as follows:

• North America
• Europe
• Asia Pacific
• RoW (South America, Africa, and the Middle East)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific scientific needs.

The following customization options are available for the report:

Service Analysis

• Service matrix, which gives a detailed comparison of the service portfolio of each company

Geographic Analysis

• Further breakdown of the Rest of Asia Pacific shelf-life testing market, by key country
• Further breakdown of the Rest of European shelf-life testing market, by key country

Company Information

• Detailed analyses and profiling of additional market players (up to five)

The shelf-life testing market is estimated to be valued at USD 3.39 billion in 2018 and is projected to reach USD 4.76 billion by 2024, at a CAGR of 7.0% during the forecast period. The market is driven by stringent safety regulations for food products, increase in the outbreak of foodborne illnesses, and growth in demand for packaged and convenience foods.

The market, based on parameter, has been segmented into microbial contamination, rancidity, nutrient stability, organoleptic properties, and others. The market for microbial contamination is estimated to dominate in 2018, and is also projected to be the fastest-growing segment during the forecast period. Microbiological hazards are a major food safety concern in the food & beverage sector, causing serious foodborne illnesses among consumers. As a result, shelf-life testing is essential to ensure that the microbial content is limited to only a certain level throughout the shelf life of the food products

The market, by food tested, has been segmented into packaged food, beverages, bakery & confectionery products, meat & meat products, dairy, dairy products, and desserts, processed fruits & vegetables, and others. The packaged food segment is estimated to dominate the market in 2018 and is projected to grow at the highest CAGR by 2023. Rapid urbanization has led to changes in consumer lifestyles. Higher employment opportunities and higher disposable incomes have led to an increased consumption of packaged food products. The contamination of most packaged foods occurs from the processing machinery or product formulations, which could then lead to faulty shelf-life claims. In order to avoid such instances, product manufacturers are increasingly conducting shelf-life tests to provide consumers with proper product information.

The market, by technology, has been segmented into equipment- & kit-based and manual tests. It was dominated by the equipment- & kit-based segment in 2018. More reliable results and quick turnaround time drive this segment, which consists of both traditional and rapid systems and is highly preferred by manufacturers.

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Europe dominated the shelf-life testing market in 2017 as it has the highest number of testing laboratories with a high number of samples tested in the world. Further, the region has the most stringent regulations that also undergo frequent updates. As a result of strict regulatory enforcement throughout the stages in the food supply chain, the highest number of sample tests are conducted in Europe for both safety as well as quality purposes. The Asia Pacific market is projected to grow at the highest CAGR from 2018 to 2023. Growth in the Asia Pacific region can be attributed to factors such as growth in the number of shelf-life testing laboratories in India and China, the rise in the number of incidences of bacterial infectious diseases in the region, and growing adoption of convenience and packaged food in the region.

The lack of market coordination & standardization and improper enforcement of regulatory laws & supporting infrastructure in developing economies restrain the market growth for shelf-life testing.

The global market for shelf-life testing is dominated by large-scale players such as SGS (Switzerland), Bureau Veritas (France), Intertek (UK), Eurofins (Luxembourg), and ALS Limited (Australia).

TÜV SÜD (Germany), TÜV NORD GROUP (Germany), Mérieux (US), AsureQuality (New Zealand), RJ Hill Laboratories (New Zealand), SCS Global (US), Agrifood Technology (Australia), Symbio Laboratories (Australia), Microchem Lab Services (Pty) Ltd (South Africa), and Premier Analytical Services (UK) are other players that hold a significant share of the shelf-life testing market.

Opportunities

Adoption of newer technologies

The focus on reducing lead time, sample utilization, cost of testing, and drawbacks associated with several technologies have resulted in technological innovations and the development of new technologies in the spectrometry segment. Greater adoption of these technologies, with financial support from government authorities, is an opportunity for medium- and small-scale laboratories to expand their service offerings and compete with large market players in the industry, as these technologies offer higher sensitivity, accuracy in results, reliability, multi-contaminant and non-targeted screening with a low turnaround time, and cost-effectiveness, among other benefits.

Challenges

High costs associated with procurement of rapid shelf-life testing equipment

Instruments and related consumables of high-end technologies such as chromatography and spectrometry used for effective shelf-life testing of food samples are associated with high costs. Furthermore, an increased focus on R&D activities, coupled with the necessity for accuracy and reliability of readings, is increasing the price of these instruments. Since most of these testing instruments are exported in large quantities from developed countries in North America and Europe, it adds to the cost of procuring these technologies, especially in developing economies.

Lack of harmonization of shelf-life regulations

The growing number of national standards for food shelf-life management has led to ambiguity, and there is a need for harmonization of these shelf-life standards. Leading industries in the food sector have increasingly recognized the cost and inefficiencies resulting from the development of multiple shelf-life standards. Neither ingredient suppliers nor retailers or food manufacturing companies are well served when duplicative standards and audits raise total costs for shelf-life certifications without enhancing or ensuring the overall safety of food.

Acquisitions

Expansions & Investments

Agreements & Partnerships

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