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Shelf-life Testing - Global Market Outlook (2018-2027)

Shelf-life Testing - Global Market Outlook (2018-2027)

4.3 (23 reviews)
Published: September 2019 ID: SMRC18543
4.3 (23 reviews)
Published: September 2019 ID: SMRC18543

This report covers the impact of COVID-19 on this global market

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.  
 
Parameters Covered:

• Rancidity
• Organoleptic Properties
• Nutrient Stability
• Microbial Contamination
• Other Parameters

Food Tests Covered:
• Processed Fruits & Vegetables
• Packaged Food
• Meat & Meat Products
• Dairy, Dairy Products, and Desserts
• Beverages
• Bakery & Confectionery Products
• Other Food Tests

Methods Covered:
• Real-Time Shelf Life Testing
• Accelerated Shelf-Life Testing

Technologies Covered:
• Manual Tests
• Equipment  & Kit-Based

Applications Covered:
• Pet Food
• Human Food
• Dietary Supplements
• Animal Feed

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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