Oct 27, 2017   SOURCE: BusinessWire

Global Residue Testing Market (2017-2022): Increased Concern for Pesticide Residue Level in Food Products - Research and Markets

The "Global Residue Testing Market - Segmented by Type of Contaminant, Technology, Application and Geography (2017 - 2022)" report has been added to Research and Markets' offering.

The market is expected to register a CAGR of 6.5% and reach USD 4.7 billion by 2022. The residue testing ensures the products to be contaminant-free and complies with the residue level of International regulations.

In 2017, CFIA (Canadian Food Inspection Agency) found traces of a herbicide named glyphosate, in nearly 30% of the samples tested for 3200 food products. The governmental agencies such as CFIA, EU and USDA consider glyphosate safe up to the limit of 1.3%. In 2013, horse meat scandal in the United Kingdom, where beef was found to be contaminated with horse meat, raised food safety issues among consumers as well as manufacturers. Consequently, the food industry started paying more attention to make their products, safer in the residue limit of foods.

The increased concern for pesticide and residue level in food products, growing demand for organic food products and increased need to meet food allergen claims on the label are various factors driving the market. As food trade is growing globally, there is an intense need for food products to follow international regulations. However, lack of awareness about regulatory standards among manufacturers is the restraining factor for the market. The demand for organic food products is growing in developing region, which offers opportunities for the market.

Companies Mentioned:

  • SGS S.A.
  • ILS Limited
  • Covance Inc.
  • Silliker, Inc.
  • Asurequality Limited
  • Microbac Laboratories, Inc.
  • Spectro Analytical Lab Ltd.
  • Vanguard Sciences
  • Covance Inc.
  • International Laboratory Services Ltd.
  • Ecolab Inc.
  • Others

Key Topics Covered:

1. Introduction

2. Research Approach and Methodology

3. Key Findings

4. Market Dynamics

5. Market Segmentation

6. Competitive Landscape

7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/rtr5zk/global_residue