The Heavy Metal Testing In Food And Beverage Application Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Heavy Metal Testing In Food And Beverage Application Global Market Report 2024, The heavy metal testing in food and beverage application market size has grown strongly in recent years. It will grow from $3.42 billion in 2023 to $3.72 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to public health concerns, incidents of contamination, globalization of food supply chains, consumer awareness and demand, industry initiatives for quality assurance, food industry certification programs, advancements in testing equipment, global food safety initiatives.
The heavy metal testing in food and beverage application market size is expected to see strong growth in the next few years. It will grow to $5.17 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to emergence of new contaminants, continued global trade dynamics, rising consumer expectations, customized testing solutions, expansion of analytical testing services, genetically modified organisms (gmos) and heavy metals, focus on risk assessment.. Major trends in the forecast period include advancements in analytical technologies, industry collaboration for standardization, rapid testing methods and kits, blockchain technology for traceability, integration of data management systems, continued research for emerging contaminants.
The increasing number of people suffering from food allergies is expected to propel the growth of heavy metal testing in food and beverage application market going forward. A food allergy is an immune system response to a particular food that causes allergies, which can trigger digestive problems, hives, and swelling in the airways with even a tiny amount of allergenic food. Heavy metal testing checks for high levels of toxic or potentially harmful heavy metals in foods and beverages and ensures food safety. As a result, the increasing number of people suffering from food allergies increases the demand for the adoption of several heavy metal testing technologies. For instance, in May 2022, according to Food Insight, a food information hub created by the International Food Information Council, a non-profit organization, in the United States, approximately 32 million people are having a food allergy, and approximately 200,000 people will seek emergency medical care every year due to food allergies. Further, one in every 13 children is diagnosed with a food allergy. Therefore, the increasing number of people suffering from food allergies drives heavy metal testing in food and beverage application market.
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The heavy metal testing in food and beverage application market covered in this report is segmented –
1) By Metal Type: Arsenic, Cadmium, Lead, Mercury, Chromium, Other Metal Type
2) By Sample: Food, Water, Blood, Other Samples
3) By Technology: Inductively coupled plasma mass spectrometry (ICP-MS) and Optical emission spectrometry (OES), Atomic Absorption Spectroscopy (AAS), Other Technology
4) By End-Use Industry: Food, Beverage, Dietary Supplement, Animal Feed, Fat and Oil, Other End-Use Industry
Product innovations are a key trend gaining popularity in heavy metal testing for food and beverage application. Major companies operating in heavy metal testing in the food and beverage application market are developing innovative products to sustain their position in the market. For instance, in December 2021, Agilent, a US-based company operating in heavy metal testing for food and beverage application launched an innovative product, the Cary 3500 UV-Vis Spectrophotometer Compatibility with OpenLab, which is functional with the Agilent OpenLab software family. The unique features of this product are that it can be handled, safeguarded, and kept in a secure central database, making it easier to comply with international regulatory standards.
The heavy metal testing in food and beverage application market report table of contents includes:
1. Executive Summary
2. Heavy Metal Testing In Food And Beverage Application Market Characteristics
3. Heavy Metal Testing In Food And Beverage Application Market Trends And Strategies
4. Heavy Metal Testing In Food And Beverage Application Market – Macro Economic Scenario
5. Global Heavy Metal Testing In Food And Beverage Application Market Size and Growth
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26. South America Heavy Metal Testing In Food And Beverage Application Market
27. Brazil Heavy Metal Testing In Food And Beverage Application Market
28. Middle East Heavy Metal Testing In Food And Beverage Application Market
29. Africa Heavy Metal Testing In Food And Beverage Application Market
30. Heavy Metal Testing In Food And Beverage Application Market Competitive Landscape And Company Profiles
Top Major Players:
- Société Générale de Surveillance S.A
- Eurofins Scientific SE
- Intertek Group PLC
- Bureau Veritas
- Analytical Laboratory Services Limited
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