After a brief stint in the top spot for PepsiCo, Nestlé reclaimed the mantle of top food and beverage producer by revenue in this year’s Top 100 Food and Beverage Companies. Plus, there was a massive jump in revenue reported by Archer Daniels Midland, giving the company enough to vault into the second spot, pushing PepsiCo down to third.
Driven by stringent safety testing norms and manufacturing regulations, the food safety testing market size will exceed $29.5 billion by 2027, as per Global Market Insights Inc.
Residual and potentially dangerous chemicals in food and drinking water have been in the news lately (see this month’s Manufacturing News for an update on PFAS) as one such report found that 80% of urine samples drawn from children and adults in the U.S. contained glyphosate. FOOD ENGINEERING has also had its share of news on heavy metals in food and baby food. Why are we seeing so much contamination?
The company says the achievement lays the groundwork for new species expansion and accelerates momentum as the company prepares commercialization in the U.S.