The Shelf-Life Testing Market report has been segmented on the basis of parameters, food tested, method, technology, and region.
Global Shelf-Life Testing Market: Overview
“The Shelf-Life Testing Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Shelf-life testing is used to determine expiry dates and ensure the quality and safety of various products such as cosmetics, medicines, and food & beverages. It is widely used in food & beverages, cosmetics, and other industries.
Global Shelf-Life Testing Market: Dynamics
Increasing incidences due to foodborne illness is a major factor expected to drive the growth of the target market in years to come.
In addition, increasing usage of various technologies such as enzyme-linked immunosorbent assay and polymerase chain reaction for shelf-life testing is another factor expected to support the growth of the global shelf-life testing market.
Increasing government support for the adoption of these technologies in order to offer reliability, accuracy, and other benefits and stringent regulations pertaining to food safety are factors that in turn are expected to increase demand for shelf-life testing.
Furthermore, the growing population, coupled with increasing dispersible income, and awareness among consumers regarding food safety, are some of the other factors expected to propel the growth of the shelf-life testing market in the next 10 years.
However, lack of standardization and improper regulations in developing countries are major factors that may restrain the growth of the shelf-life testing market.
The development of novel technologies and approaches to tracking the untapped markets by prominent manufacturers are factors expected to offer lucrative opportunities for manufacturers operating in the target market.
Global Shelf-Life Testing Market: Segment Analysis
Among the parameter segments, the microbial contamination segment is expected to account for the highest growth in terms of revenue in the target market.
Among the food tested segments, the packaged food segment is projected to register a significant revenue share in the target market in the next coming years.
Among the method segments, the real-time segment is expected to register moderate growth in terms of revenue in the target market in years to come. Among the technology segments, the equipment- & kit-based segment is projected to major revenue share in the target market.
Global Shelf-Life Testing Market: Region Analysis
The shelf-life testing market in Europe is expected to register a major revenue share contribution in the target market and is projected to maintain its dominance in the years to come.
An increasing number of testing laboratories owing to strict regulatory norms with frequent updates through various stages in the food supply chain.
The North American market is projected to register a considerable share in terms of revenue in the global shelf-life testing market in the next coming years.
This is due to the growing demand for packaged food products with proper information and standardization. The market in the Asia Pacific is expected to grow at a faster rate than the target market in the next coming years.
This is attributed to the rising demand for convenience and processed food products, increasing incidences of infectious diseases, and growing awareness among consumers are other factors expected to drive the growth of the Asia Pacific market.
Global Shelf-Life Testing Market Segmentation:
Segmentation on the Basis of Parameter:
- Microbial Contamination
- Nutrient Stability
- Organoleptic Properties
- Others (water activity, pH, and moisture content)
Segmentation on the Basis of Food Tested:
- Packaged Food
- Bakery & Confectionery Products
- Meat & Meat Products
- Dairy, Dairy Products, And Desserts
- Processed Fruits & Vegetables
- Others (fats & oils and food additives & ingredients)
Segmentation on the Basis of Method:
Segmentation on the basis of Technology:
- Equipment- & Kit-based
- Manual Tests
Segmentation on the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Archer-Daniels-Midland Company
- United Technologies Corporation
- John Deere Company
- Daikin Industries, Ltd.
- Evonik Industries AG
- Koninklijke DSM N.V.
- Signify Holding BV
- SGS SA
- Zoetis Inc.
- Eurofins Scientific SE
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