Global food safety testing market expected to grow
A new report says the market will grow at a CAGR of 7.2 percent by 2018.
A new report from Research and Markets predicts the global food safety testing market will grow at a CAGR of 7.2 percent by 2018, from $9,262.3 million in 2012 to $14,030.2 million by 2018. The report cites media influence as increasing consumer foods safety testing expectations, and says the cost in terms of recall and storage of contaminated products cements the need for stringent testing. The report breaks down the market by pathogen, food type, and geographic region. For more information, click here.