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(Health-NewsWire.Net, October 14, 2019 ) Growth in demand for packaged and convenience foods, stringent safety regulations for food products, and increase in the outbreak of foodborne illnesses are the factors driving the market. This market is projected to reach 4.76 billion by 2023 from USD 3.39 billion in 2018, at a CAGR of 7.0%.
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On the basis of parameter, the microbial contamination segment is projected to grow at the highest rate from 2018 to 2023. The low rate of adoption of appropriate sanitary practices in manufacturing units, use of already contaminated equipment & procurement of contaminated raw material, unsanitary storage conditions, cross-contamination, and non-maintenance of required temperature in cold chain facilities are the major factors driving the growth of microbial contamination in the shelf-life testing market.
On the basis of food tested, the beverages segment is projected to form the fastest-growing market during the forecast period. Owing to the growth in consumer affinity toward the usage of natural and clean label ingredients, many global market leaders of the beverage industry have been moving toward the adoption of natural and organic ingredients for their parent brands. These revamps in product formulations are further necessitating various shelf-life tests to be undertaken by manufacturers, thereby driving the market for shelf-life testing for beverages.
The focus on reducing lead time, sample utilization, cost of testing, and drawbacks associated with several technologies have resulted in technological innovations and the development of new technologies in the spectrometry segment. Higher adoption of these technologies, with financial support from government authorities, is an opportunity for medium- and small-scale laboratories to expand their service offerings and compete with large market players in the industry as these technologies offer higher sensitivity, accuracy in results, reliability, multi-contaminant and non-targeted screening with a low turnaround time, and cost-effectiveness, among other benefits. The shelf-life testing industry is experiencing technological innovations as major players in the industry are now offering newer, faster, and more accurate technologies such as the TD-NMR (Time-Domain Nuclear Magnetic Resonance) for testing the shelf life, and quality of various food product samples. The TD-NMR testing method has been widely employed for measuring oil and moisture content in snack foods, thereby enabling the cooking time for these products to be accurately optimized. Additionally, the TD-NMR method can measure water in different molecular environments, and also distinguish water from other molecular components of food. The most commonly tested parameters, while determining the shelf life of various products, are the oxidation of fats and texture & moisture content, thereby making TD-NMR the optimal choice for determining the shelf life.
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The Asia Pacific market is projected to grow at the highest CAGR from 2018 to 2023 owing to the growing investments by industry players in setting up laboratories, as the region is experiencing a high surge in production and demand for processed food products. Furthermore, the regional growth is projected to be driven by major countries such as China, Australia & New Zealand, and India, owing to rising food safety standards to meet domestic as well as export market demands, and to ensure food safety among end consumers.
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