Food Safety Testing Market 2024 Segmented By Potential Applications And Top Key Players: Business News
Food Safety is a critical issue not only for processed, frozen or canned products but also for farm-fresh products to ascertain that these products are risk-free for consumption. Contaminants and chemicals which can enter at any stage of the food value chain from production till it reaches the consumers are the primary food poisoning causes, which have increased the need to test such toxins. The ever-growing number of food safety scandals, health scares, and outbreaks of food-borne diseases emphasize the importance of constant vigilance for manufacturers and retailers of food products. Moreover, the scale and complexity of food supply chains pose great challenges to traceability, making quality control paramount at every step. Food safety testing helps in ensuring the safety and checking the compliance of manufacturing processes. It helps to have an accurate picture of the state of products, both prior to shipment and upon arrival.
An increment in the number of outbreaks of diseases caused by food contamination and increasing emphasis to meet food safety compliance is the major driving agents for the food safety testing market. These factors have led to the adoption of various pathogen testing methods for food types such as meat & poultry, dairy, processed foods, fruits & vegetables, and cereals & grains. Globalization of food trade is also a major factor driving the market growth. However, the manufacturers lack knowledge of food safety regulations and perform food safety testing, neither in-house nor outsource food safety laboratories. This curtails the growth of the food safety testing market. Moreover, certain lengthy testing procedures and the high cost of the testing process are hindering the food safety testing market
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Market segmentation
The global soy protein market is segmented by product type, by form type, by application, by function, and region. The product type is further classified as Soy Protein Isolates, Soy Protein Concentrates, and Soy Protein Hydro-lysates. By form global soy protein market is bifurcated into Dry and liquid. Application is segmented as Functional foods, Bakery & confectionery, and others. By function type it’s divided as Nutrients, Emulsifier, Fat & Water Absorption, Texturants, and Others. Geographically, the market is segmented as North America, Europe, Asia-Pacific and Rest of World. North America hold the largest market share and expected to grow at steady CAGR of 5.5%.
Global Soy protein Market, by product type, 2016 vs. 2024
Soy protein Market
Some Major players of the global soy protein market are DuPoint Nutrition & Health, Crown Soya Protein Group, Burcon NutraScience Corporation, Omega Protein Corporation, Armor Proteins, Archer Daniels Midland Company, Wilmer International, Kerry Ingredients Inc., George Weston Foods, and Ruchi Soya Industries.
Global Soy Protein Market Segments
By-product Type
• Soy Protein Isolates
• Soy Protein Concentrates
• Soy Protein Hydro-lysates
By Form Type
• Dry
• Liquid
By Application Type
• Functional foods
• Bakery & confectionery
• Others
By Function Type
• Nutrients
• Emulsifier
• Fat & Water Absorption
• Texturants
• Others
By Geography
• North America
• Europe
• APAC
• ROW
Key Market Players
• DuPoint Nutrition & Health
• Crown Soya Protein Group
• Burcon NutraScience Corporation
• Omega Protein Corporation
• Armor Proteins
• Archer Daniels Midland Company
• Wilmer International
• Kerry Ingredients Inc.
• George Weston Foods
• Ruchi Soya Industries
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