Shelf Life Testing Market (2020 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Shelf Life Testing market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
“Shelf Life Testing Market report is anticipated to register a CAGR of 6.8% over a five years forecast period (2020 – 2023).”
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List of Major Key players operating in the Global Shelf Life Testing Market are –
- AgriFood Technology -ALS Limited -AsureQuality -Bureau Veritas -Eurofins -Intertek -Merieux -Microchem Lab Services (PTY) Ltd. -Premier Analytical Services -RJ Hill Laboratories -SCS Global -SGS SA -Symbio Laboratories -TV Nord Group
Shelf Life Testing Market Insights
Deterioration due to microbial contamination is one of the major threats to the safety of food and poses an impact on the quality of food. The guidelines and regulations are recently being adhered to ensure the safety and quality of all packaged foods and beverages. Assessing shelf life is becoming an increasingly incorporated element being considered objectively and scientifically by all the producers involved in food manufacturers. This approach has led to an increase in the shelf life testing market over the forecast period (2020-2023). The global shelf life testing market is expected to grow with a value CAGR of 6.8% over the forecast period (2020-2023).
The major strategy being adopted by major food and beverage manufacturers is to provide transparent information about the consequences of not using the product within a limited time which is making the shelf life testing services popular amid the consumers and the major companies.
Accurate and reliable food testing is also reducing the risk of product recalls and the companies are identifying the causes the reduced shelf life which is also helping them to improve their products, processes ultimately contributing in their profitability, which is making the technique popular in the market.
Demand of Packaged and Convenience Food Driving Growth of Shelf Life Testing Market
The consumer landscape is leaning towards how food products are being made and from where the ingredients are sourced which has led to an increase in popularity of packaged food in the global market since the food and beverage manufacturers are incorporating the desired information on the labels offered with the products. The manufacturers are also adding necessary information on the labels like the timeline in which the product needs to be used and the consequences of consuming the food item after the specified time which is being highly liked by the consumer and is one of the major drivers for shelf life testing market over the forecast period (2020-2023). The rising digital convenience in the global market has aligned perfectly with the trend of personalization. Along with a convenient shopping experience, technology has also made the product information much more accessible to the consumers which has escalated the sales of packaged food and has strengthened the market for shelf life testing.
Packaged Food the Fastest Growing Segment in Shelf Life Testing Market
Increasing trend of personalization in the packaged food industry has recently revolutionized the look and behavior of the brands and has successfully created a deeper connection with the target audience. Increasing personalization has led the manufacturers to incorporate all the information needed including the shelf life which has successfully build a sense of trust amid the consumers and has led to the growth of market of shelf life testing over the forecast period (2020-2023).
The consumers in the recent global market are more leaning towards internet which is driving the change in packaged food industry. With an immense transparency related to the food products over digital platforms has led to an increase in the market for shelf life testing. Increasing consumer access to the information like food scandals, usage of harmful ingredients in food formulations has built a strong desire amid the consumers to almost anything and everything about foods. Transparency in supply chain is driving the market growth over the next decade.
United States to Hold Significant Market Share in Shelf Life Testing Market
A significant share of food being consumed by the consumers in the United States is imported from overseas markets like China. This has led to a rise in the food safety testing and has already mandated the incorporation of taglines like “use before” or “best before” leading to the growth in shelf life testing in the country over the forecast period (2020-2023). Owing to the highly developed nature of the country, the bar of awareness is already set high in the country where consumers continually seek necessary information through the product labelling and response from the major manufacturers operating the country in the form of information transparency has led to an increase in the shelf life testing market. The country provides a huge opportunity for new technology and process launches and major companies are eyeing the local market for growth. For example, Nanox obtained a license from the U.S Food and Drug Administration to sell a bactericidal material for application in plastic food packaging in the United States.
Competitive Landscape in Shelf Life Testing Market
Intertek Group Plc
Microchem Lab Services (PTY) Ltd.
Premier Analytical Solutions
RJ Hill Laboratories
TV Nord Group
Reasons to Purchase the Shelf Life Testing Market Report
Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
Comprehensive company profiles covering the product offerings, key financial information,
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Scope of the Report:
The report analyses Shelf Life Testing market, which includes –
- Analysis of the growth of Shelf Life Testing market in global and regional level including Asia-Pacific, Americas, and EMEA.
- The report provides Shelf Life Testing market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
- The report offers country level Shelf Life Testing market volume and value by end-user segment for the period 2012-2023.
- Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Shelf Life Testing market are discussed.
- The report provides competitive landscape at country level for the year 2020. It also covers key policies and initiatives, key deals, and key upcoming projects.
Highlighted points of Shelf Life Testing Market Report:
- Varying dynamics of the Shelf Life Testing industry.
- Prospective changes in sales volumes and worldwide share growth in upcoming years (2020-2023).
- Shelf Life Testing market report recognizes the key drivers of growth and challenges of the key industry players.
- Competitors profiles along with product description, overview, and business data.
- A complete analysis of market risks, opportunities, limitations, and growth of the market.
- Market driving and restraining factors.
- Delivers information on the historical and current market size and the future potential of the market.
- Shelf Life Testing market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.
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Reasons to Purchase Shelf Life Testing Market Report:
- The report analyses how stringent emission control norms will drive the global Shelf Life Testing market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Shelf Life Testing market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
In this study, the years considered to estimate the market size of Shelf Life Testing:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2020
Forecast Year 2020 to 2023
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