Bureau Veritas, SGS SA and Eurofins Scientific are Dominating in the Europe Food Safety Testing Market in 2020

Europe Food Safety Testing Market is expected to grow with the CAGR of 5.0% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below:

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Europe food safety testing market is a highly consolidated market which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in Europe food safety testing market are introducing strong range of product portfolio. This has helped the companies to maximize the sales with enhanced product portfolio. For instance, in December 2016, Bureau Veritas has acquired the Kuhlmann Monitoramento Agrícola Ltda. (KMA) which is a Brazilian company which is specialized in monitoring and auditing services for the agri-food sector. This has helped the company to expand its Agri-Food Business in Brazil and gained the employees worldwide and complementary sports permitted to expand new offerings to keep making contributions to the growth of agri-business with modern solutions.  

Bureau Veritas is the dominating player in Europe food safety testing market. The other key players existing in the food safety testing market includes TÜV SÜD, Symbio Laboratories, QIMA, Mérieux NutriSciences, ifp Privates Institut für Produktqualität GmbH, Cotecna Inspection SA, Eurofins Scientific, ALS Limited, Intertek Group plc, NSF International, NEOGEN CORPORATION, SGS SA and TÜV NORD GROUP among others.

Europe Food Safety Testing MarketBureau Veritas:

Bureau Veritas is headquartered in Paris, France and was founded in 1828. The company is engaged in outgrowing development for food safety testing industry on a worldwide scale. The company provides various business segments such as marine & offshores, agri-food & commodities, industry, building & infrastructure, certification and consumer products out of which agri-food & commodities is the market focused segment. The company provides several services under categories such as automotive & transport, buildings & infrastructure, chemicals, commodities & agriculture, consumer products & retail, food, marine & offshore, oil & gas, power & utilities and cross-market services out of which food is the market focused category.   

For instance,

  • In July 2020, Bureau Veritas and The Ascott Limited (Ascott) which is one of the leading international lodging owner-operators have signed a Europe and Middle East & Africa agreement for providing audits and certification for the hygiene and safety standards of Ascott’s worldwide properties, this development has helped the company to enhance their business and generate more revenue in the future.

The company has presence across the globe in Americas, Europe, Asia-Pacific and Middle East and Africa which generates revenue through various subsidiary companies namely Bureau Veritas Services (France), Bureau Veritas Exploitation (France), Bureau Veritas Construction (France), Bureau Veritas GSIT (France) among others.

SGS SA:

SGS SA is headquartered in Geneva, Switzerland and was founded in 1878. The company focused to be the most competitive and the most productive service organization in the world. The company has multiple business segments such as agriculture, food and life, minerals, oil, gas and chemicals, consumer and retail, certification and business enhancement, industrial, environment, health and safety and transportation in which food and life is the market focused segment. The company has wide range of services under categories such as agriculture & food, certification, chemical, construction, consumer goods, retail, energy, environment, health & safety, industrial manufacturing, life sciences, mining, oil & gas, public sector, risk management, sustainability, trade, training services and transportation out of which agriculture & food is the market focused category. 

For instance,

  • In April 2019, SGS SA has opened a new food microbiological testing laboratory in Carson, California. The high-tech facility has expanded the expertise, geographical coverage and capabilities of SGS’s food laboratories to its Europe and Middle East and Africa network of agriculture and food labs.

The company has wide global presence across North and South America, Europe, Middle East and Africa and Asia-Pacific and generates revenue from subsidiaries such as SGS Automotive Albania sh.p.k. (Albania), SGS Qualitest Algérie SpA (Algeria), SGS Serviços Angola (Angola), SGS Argentina SA, Buenos Aires (Argentina) and ITV SA, Buenos Aires (Argentina) among others.

Eurofins Scientific:

Eurofins Scientific is headquartered in Val Fleuri, Luxembourg and was founded in 1987. The company is engaged in manufacturing and commercializing of wide range of food safety testing across the world. The company offers wide range of services under categories such as food & feed testing, biopharma services, agroscience services, agro testing, environment testing, clinical diagnostics, forensic services, materials & engineering sciences, technologies, cosmetics & personal care, genomic services, consumer product testing, assurance and reach services among which food & feed testing is the market focused category.

For instance,

  • In October 2018, Eurofins Scientific has acquired EnvironeX Group Inc. which is a leading provider of testing services to the environment, agrifood and health & pharmaceuticals sectors in Quebec in Canada. This acquisition has helped the company to expand its footprints in the Canada.

The company has wide global presence across the Americas, Middle East and Africa, Asia-Pacific and Europe and generates revenue from subsidiaries such as Eurofins Product Service GmbH (Germany), Eurofins Genomics BV (The Netherlands), Eurofins Pharma Services France Lux Holding SARL (Luxembourg), Eurofins GSC Finance NV (Belgium), Eurofins Food Chemistry Testing France Lux Holding SARL (Luxembourg) among others.