Report ID: SQMIG20Q2012
Report ID:
SQMIG20Q2012 |
Region:
Global |
Published Date: July, 2024
Pages:
198
|
Tables:
96 |
Figures:
76
The North America region accounted for 31.2% of the global revenue in 2023. Offering distinctive product variety and superior food safety testing services, market players are actively involved in North America and employ sophisticated manufacturing marketing strategies. Increasing disposable income in Canada is also expected to contribute to further growth of the regional market for food safety testing. According to the Department of Health, salmonellosis, shigellosis and campylobacteriosis are the three most widespread foodborne illnesses in the state. As a result of the considerations, many businesses have begun offering high-quality food safety testing services are providing, increasing market demand.
The Asia-Pacific region is expected to grow at a CAGR of 9.0% between 2024 and 2031. The market is growing due to the implementation of stringent food safety laws and regulations. The regional growth is supported by rising demand for processed foods in rapidly developing countries such as China, Indonesia, India and Thailand. For example, the South Korean government has imposed a total ban on food and beverage packaging made from recycled materials that do not comply with national standards.
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Report ID: SQMIG20Q2012