Shelf-life Testing - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Shelf-life Testing Market is accounted for $3.41 billion in 2018 and is expected to reach $7.10 billion by 2027 growing at a CAGR of 8.5% during the forecast period. Increasing stringent safety regulations for food products, growth in demand for packaged and convenience foods and growing incidence of food borne illnesses are some of the factors fuelling the market growth. Moreover, the Advancement of novel technologies and approach to track the untapped markets by prominent manufacturers is providing opportunities for market growth. However, lack of standardization and improper regulations in developing countries is one of the restraining factors for the market.
Shelf life is the length of time that a commodity may be stored without becoming unfit for use, consumption, or sale. In other words, it might refer to whether a commodity should no longer be on a pantry shelf, or just no longer on a supermarket shelf. 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.
Based on Food Tests, Packaged Food segment is likely to have a huge demand due to rapid urbanization has prompted changes in consumer ways of life. Higher employment opportunities and increased disposable incomes have led to expanded utilization of packaged food products, which have, in turn, required timeframe shelf-life testing for these products.
By Geography, Asia Pacific is going to have a lucrative growth during the forecast period due to factors such as the development of shelf-life testing laboratories in India and China, alarming rise in the number of cases associated with infectious diseases spread through packaged and processed food products and governments focusing on making food safety policies more stringent.
Some of the key players profiled in the Shelf-life Testing market include Tüv Süd, Tüv Nord Group, Symbio Laboratories, SGS, Scs Global, Rj Hill Laboratories, Premier Analytical Services, Microchem Lab Services (PTY) Ltd, Mérieux, Intertek, Eurofins, Bureau Veritas, Asurequality, Als Limited, and Agrifood Technology.
• Organoleptic Properties
• Nutrient Stability
• Microbial Contamination
• Other Parameters
Food Tests Covered:
• Processed Fruits & Vegetables
• Packaged Food
• Meat & Meat Products
• Dairy, Dairy Products, and Desserts
• Bakery & Confectionery Products
• Other Food Tests
• Real-Time Shelf Life Testing
• Accelerated Shelf-Life Testing
• Manual Tests
• Equipment & Kit-Based
• Pet Food
• Human Food
• Dietary Supplements
• Animal Feed
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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