The global food safety testing market is rising and expected to grow to $13.9 billion by 2019 with a five-year compound annual growth rate (CAGR) of 5.3 percent, according to a new study by market analyst BCC Research.
In the report, “Global Markets and Technologies for Food Safety Testing,” BCC says the genetically modified organism (GMO) segment has been stimulated by Europe and is expected to move at a CAGR of 4.9 percent.