Global Shelf-Life Testing Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Shelf-Life Testing Market 2021 (Includes Business Impact of COVID-19)
Global Shelf-Life Testing Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global shelf-life testing market report has been segmented on the basis of parameter, food tested, method, technology, and region.
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The global Shelf-Life Testing market size was valued at USD $3.91 billion in 2020 and is projected to reach $7.39 billion by 2030, and is anticipated to expand at a CAGR of 7.38% over the forecast period from 2020 to 2030.


Global Shelf-Life Testing Market: Overview


Shelf-life testing is used to determine expiry dates and ensure quality and safety of various products such as cosmetics, medicines, and food & beverages. It is widely used in food & beverages, cosmetics, and other industries.


Global Shelf-Life Testing Market: Dynamics


Increasing incidences due to foodborne illness is a major factor expected to drive growth of the target market in years to come. In addition, increasing usage of various technologies such as enzyme-linked immunosorbent assay and polymerase chain reaction for shelf-life testing is another factor expected to support growth of the global shelf-life testing market. Increasing government support for adoption of these technologies in order to offer reliability, accuracy, and other benefits and stringent regulations pertaining to food safety are factors which in turn is expected to increase demand for shelf-life testing. Furthermore, growing population, coupled with increasing dispersible income, and awareness among consumer regarding food safety, are some of the other factors expected to propel growth of the shelf-life testing market in the next 10 years.

However, lack of standardization and improper regulations in developing countries are major factors which may restrain growth of the shelf-life testing market.

Development of novel technologies and approach to track the untapped markets by prominent manufacturers are factors expected to offer lucrative opportunities for manufacturers operating in the target market.


Global Shelf-Life Testing Market: Segment Analysis


Among the parameter segments, the microbial contamination segment is expected to account for highest growth in terms of revenue in the target market. Among the food tested segments, the packaged food segment is projected to register significant revenue share in the target market in the next coming years.

Among the method segments, the real-time segment is expected to register moderate growth in terms of revenue in the target market in years to come. Among the technology segments, the equipment- & kit-based segment is projected to major revenue share in the target market.


Global Shelf-Life Testing Market: Region Analysis


The shelf-life testing market in Europe is expected to register major revenue share contribution in the target market and projected to maintain its dominance in the years to come. Increasing number of testing laboratories owing to strict regulatory norms with frequent updates through various stage in food supply chain. The North America market is projected to register considerable share in terms of revenue in the global shelf-life testing market in the next coming years. This is due to growing demand for packaged food products with proper information and standardization. The market in Asia Pacific is expected to grow at a faster rate in the target market in the next coming years. This is attributed to rising demand for convenience and processed food products, increasing incidences of infectious diseases, growing awareness among consumers are other factors expected to drive growth of the Asia Pacific market.

Global Shelf-Life Testing Market Segmentation:

Segmentation on the Basis of Parameter:

  
Microbial Contamination
  
Rancidity
  
Nutrient Stability
  
Organoleptic Properties
  
Others (water activity, pH, and moisture content)

Segmentation on the Basis of Food Tested:

  
Packaged Food
  
Beverages
  
Bakery & Confectionery Products
  
Meat & Meat Products
  
Dairy, Dairy Products, And Desserts
  
Processed Fruits & Vegetables
  
Others (fats & oils and food additives & ingredients)

Segmentation on the Basis of Method:

  
Real-time
  
Accelerated

Segmentation on the Basis of Technology:

  
Equipment- & Kit-based
  
Manual Tests


Key Market Players included in the report:


  
Agrifood Technology Pty Ltd.
  
ALS Limited
  
Archer-Daniels-Midland Company
  
AsureQuality Limited
  
Avomeen
  
Bureau Veritas S. A.
  
Daikin Industries, Ltd.
  
Eurofins Scientific SE
  
Evonik Industries AG
  
Fera Science Limited
  
Intertek Group PLC
  
John Deere Company
  
Kappa Laboratories Inc
  
Koninklijke DSM N.V.
  
Medallion Laboratories Inc.
  
Merieux Nutrisciences US
  
Microchem Lab Services Ltd,
  
Nelson Laboratories, Inc.
  
Premier Analytical Services
  
R J Hill Laboratories Limited
  
Scientific Certification Systems, Inc.
  
SCS Global
  
SGS SA
  
Signify Holding BV
  
Symbio Laboratories
  
TUV NORD GROUP
  
United Technologies Corporation
  
Zoetis Inc.