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Dec. 4, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
World Food Safety Products Industry
World demand to rise 8.1% annually through 2016
World demand for food safety products is forecast to rise 8.1 percent per year to
$18 billion in 2016. High profile international foodborne illness outbreaks, in addition to large product recalls due to food safety concerns, will continue to fuel demand as the prevention, identification, and traceability of food contaminants will remain key issues for consumers, food industry participants, and legislators. Demand for food safety products will also be boosted by the adoption of more stringent food safety regulations in both developed and developing countries. Advances will further be supported by growth in food and beverage production and expansion in the foodservice industry, as food processing plants and foodservice establishments constitute the largest markets for food safety products.
Food processing plants to remain largest market The food processing segment will continue to account for the majority of the overall market for food safety products. The largest share of demand will stem from the meat, dairy, and beverage industries. Raw meat is easily contaminated during slaughter and subsequent processing, necessitating extensive food safety measures. Dairy product manufacturers will use food safety advances to extend dairy product shelf life. Above average growth is expected in the organic dairy product industry. Gains in beverage applications will be fueled by continued investment in disinfection equipment to purify water supplies, particularly filtration, ultraviolet, and ozone equipment. Demand for food safety products in foodservice establishments will be supported by growth in the foodservice industry, especially the limited service segment, as consumers seek convenient and inexpensive food options.
Disinfection products to be largest segment Disinfection products will remain the largest food safety product segment, representing about half of all demand through 2016. Demand for diagnostic testing products will benefit from an upsurge in the frequency of food plant inspections, in no small part due to increasingly strict food safety regulations worldwide. Demand for disposable gloves is also expected to advance rapidly, boosted by gains in foodservice applications, especially the fast growing quick service restaurant segment. Good opportunities will exist for smart labels and tags, driven by the rapid adoption of new smart label technology in food packaging and heightened emphasis on traceability in the food supply chain.
China to offer some of the best growth opportunities The US will remain the world's largest national user of food safety products by far, accounting for over one-fourth of the world market through the forecast period. However, the most rapid advances will occur in developing regions. Gains in
Eastern Europe, and Central and
South America will all outpace the global average.
China will continue to see some of the fastest growth in demand, due to mounting pressure to ensure the safety of the food supply following a number of food safety incidents. In the coming years,
China will surpass
Japan to become the world's second largest food safety product market. Other countries such as
Mexico will also see rapid increases in food safety product demand through 2016, but gains will stem from a much smaller base.
Study coverage This upcoming industry study presents historical demand data (2001, 2006, 2011) as well as forecasts for 2016 and 2021 by product, market, world region and for 17 countries. The study also considers market environment factors, evaluates company market share and profiles 39 industry competitors.
TABLE OF CONTENTS INTRODUCTION xiiI. EXECUTIVE SUMMARY 1 II. MARKET ENVIRONMENT 4
General 4World Economic Overview 4Recent Historical Trends 5Macroeconomic Outlook 6World Demographic Outlook 10Population 11Urbanization Patterns 12World Per Capita Gross Domestic Product 14World Personal Consumption & Expenditure Trends 16World Agricultural Outlook 18World Food & Beverage Manufacturing Outlook 20Food Safety Product Demand/Food & Beverage MVARelationship 23World Food Distribution Trends 25World Food Trade 29World Foodservice Industry Outlook 30World Food-Related Illness Trends 32Regulatory Issues 34