Canada Food Safety Testing Market is expected to reach USD 867.04 million by 2025 from USD 507.13 million in 2017, at a CAGR of 7.2% in the forecast period 2018 to 2025. The years considered for study are as mentioned below.
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The food safety testing is a highly concentrated market which includes key players and local players. The market has witnessed increased various strategic developments owing to favourable market scenario. The market has a prominent growth in upcoming years due to rising outbreak of food borne illness, stringent regulations imposed in food industry, increased globalization of food trade, advancements in technology, rising demand of convenience and packaged food products and increased incidences of outbreaks of chemical contamination in food processing and manufacturing industry. Rising awareness regarding food safety among consumers posing as an opportunity for the market.
The market has witness developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand of innovative technology in the food safety testing. For instance, In April 2018, SGS SA acquired Oleotest NV (Belgium), provider of chemical testing services in food, feed and agricultural commodities. This acquisition is intended to provide an entry into a complementary segment for chemical analyses, strengthening leading position for agriculture, food & life in Belgium.
SGS SA dominated the ophthalmic surgical instruments market and accounts for the highest market share in 2018 which is followed by Eurofins Scientific and Bio-Rad Laboratories, Inc. The other key players existing in the market includes Bureau Veritas, Intertek Group plc, AsureQuality Ltd, LabCorp, TUV SUD, ALS Limited, TÜV NORD GROUP, Mérieux NutriSciences and Genetic ID NA, Inc among others.
SGS SA was established in 1878 and headquartered at Geneva, Switzerland. The company is a leading inspection, verification, testing and certification company. The company operates its business through nine business segments namely - Agriculture, Food and Life, Mineral Services, Oil, Gas and Chemicals Services, Consumer and Retail Services, Certification and Business Enhancement, Industrial Services, Environment, Health and Safety Services, Transportation Services and Governments & Institutions Services.
It offers the core services in inspection, verification, testing and certification. Through in these services it offers more efficient methods to improve quality and productivity by reducing risks. These services are applicable in the industries such as agriculture & food, arts & commerce, chemical, construction and others.
The company has over 2400 offices and laboratories worldwide. It has its presence in Europe, Africa, Middle East, Asia-Pacific and Americas. It has global network through its subsidiaries including Baseefa (England), SGS Institute Fresenius (Germany), Vernolienne de Laboratoires SA (France), NviroCrop (South Africa), SGS North America Inc. (U.S.), Korea Construction Quality Test & Analysis Co. Ltd. (Korea), SGS Polska Sp.z oo (Poland), SRS Tech Co., Ltd. (South Korea) and others.
Eurofins Scientific was incorporated in 1987 and headquartered at London, U.K. Eurofins Scientific is an international life science company engaged in providing analytical testing services to multiple industries. The company focuses on food, environment and pharmaceutical products testing and in agro science CRO services. It also offers testing and laboratory services for genomics, discovery pharmacology, forensics, advanced material sciences and for supporting clinical studies. The food & feed testing service complies with stringent quality and safety standards.
Eurofins Scientific has a network of over 400 laboratories across 44 countries in Europe, North & South America and Asia-Pacific. It holds the portfolio of over 150,000 analytical methods. Some of company’s subsidiaries are Lancaster Laboratories (U.S.), Nab Labs Ltd. (Finland), Alphora Research Inc. (Ontario), MVZ für Laboratoriumsmedizin am Hygiene-Institut GmbH (Germany), Eurofins Digital Product Testing UK Limited (U.K.) and others.
Bio-Rad Laboratories, Inc.:
Founded in 1952 and headquartered at California, U.S. Bio-Rad Laboratories, Inc. are a manufacturer and supplier of the products and system related to the separation of complex biological and chemical material. It also deals in analyzing, identifying and purifying components with regard to analytical chemistry, healthcare, life science research and others. The company operates through two segments- Clinical Diagnostics and Life Science. The Life Science segment consists of manufacturing and development of reagents laboratory instruments and apparatus, being utilized in biopharmaceutical production procedure, food testing regimes and in research techniques. This segment deals in food safety, cell biology and biopharmaceutical production.
The company follows strict validation and licensing standards. Its TSE tests are licensed by U.S. Department of Agriculture. Its food safety tests are authorized by various agencies such as NordVal, AOAC and Health Canada. Bio-Rad Laboratories, Inc. offers product through a medium of distributors, direct sales force, resellers, agents and broker. Apart from U.S. the company sells its product and services in Europe, Pacific Rim and internationally. The company is active in China, Korea, Spain, Qatar, UAE, Cambodia, Australia, Bahrain and other 105 countries.
Canada Food Safety Testing Market - Industry Trends and Forecast to 2028