Malaysia Food Safety Testing Market is expected to grow with the CAGR of 7.2% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.
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Malaysia 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 Malaysia food safety testing market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.
For instance,
- In January 2019, The TÜV NORD GROUP has expanded its food testing laboratory at Bangalore which was one more successful step towards equipping the food testing team with best facility. The increased capacity will be able to serve the customer in better turnaround time.
SGS SA is dominating player in Malaysia food safety testing market. The other players covered in the report are ALS Limited, Intertek Group plc, TÜV SÜD, QIMA, Bureau Veritas., Mérieux NutriSciences, AsureQuality, Cotecna Inspection SA, Eurofins Scientific, and TÜV NORD GROUP among others.
SGS SA
SGS SA is headquartered in Geneva, Switzerland was founded in 1878.The company is engaged in providing agriculture & food, certification, chemical, construction, consumer goods & retail, energy, environment, health & safety, industrial manufacturing, life sciences, logistics, mining, oil & gas, public sector, risk management, sustainability, trade, training services, and transportation services, agriculture, food and life are the market focused category. The company has more than 94,000 employees in 2019. The company have subsidiaries 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.
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 Malaysia network of agriculture and food labs.
The company has presence across the globe in North and South America, Europe, Middle East and Africa, and Asia Pacific.
Bureau Veritas
Bureau Veritas is headquartered in Puteaux, France and was founded in 1828. The company is engaged in offering products in different categories the automotive & transport, buildings & infrastructure, chemicals, commodities & agriculture, consumer products & retail, food, marine & offshore, oil & gas, power & utilities, cross-market services. The food category is the market focused category of the company. The company has more than 75,000 employees. Bureau Veritas Services (France), Bureau Veritas Services France (France), Bureau Veritas Exploitation (France), Bureau Veritas Construction (France), Bureau Veritas GSIT (France) and others are the subsidiaries of the company.
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 Malaysia 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 wide presence across Americas, Europe, Asia-Pacific, and Middle East & Africa.
Eurofins Scientific
Eurofins Scientific is headquartered in Luxembourg, Europe and was founded in year 1987.The company is engaged in the manufacturing and commercializing of wide range of products across the world. The company operates in food testing services, industries, food testing flyers, food testing laboratories. The market focused segment of the company is food testing services. The company had 48,000 employees in 2019. Eurofins Product Service GmbH (Germany), Eurofins Genomics BV (The Netherlands), Eurofins Pharma Services France Lux Holding SARL (Luxembourg), Eurofins GSC Finance NV (Belgium), and Eurofins Food Chemistry Testing France Lux Holding SARL (Luxembourg) are the subsidiaries of Eurofins Scientific.
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 presence across the world as Americas, Middle East & Africa, Asia- Pacific, and Europe.
