This research report focuses on companies that provide non-clinical diagnostic products applicable to crop, environmental, food and beverage, industrial and livestock safety testing.
Crop safety testing encompasses all agricultural sectors including ornamental, vegetable, fruit and field crops. Companies specializing in this area develop and offer products for agricultural pathogen, genetically modified organism (GMO)/trait testing, as well as tests for plant hormones and proteins.
The global market for analytical testing associated with the water and environmental industries is estimated at $1.4 billion. The overall growth rate in developed markets is estimated at 2-3 percent, while the growth rate in developing markets, primarily Asia, is estimated at 7-9 percent. The biggest driver for growth is government regulations associated with water quality and environmental protection.
Food safety testing refers to examination of food products for disease causing organisms, chemical residues and other hazardous material. In 2007, the U.S. market for food safety testing was worth $2.1 billion and is expected to increase to over $2.8 billion by 2012, a compound average annual growth rate of 5.8 percent. Strong U.S. market growth is due to an increase in food production, corporate liability concerns, renewed federal efforts to eliminate food-borne illness outbreaks and increased regulation, as well as consumer food safety concerns.
The food safety testing market is broken down by type of target such as pathogens, genetically modified organisms (GMOs), toxins and residues. Pathogen testing represents the largest share of the U.S. market.