San Jose, California -- Rising concerns over food and water safety and tightening environmental regulations globally continue to increase the need for testing contaminants, thereby generating strong demand for Agricultural and Environmental Diagnostics. Growth is also buoyed by increasing government regulations, which is putting pressure on manufacturers to deliver high quality products in compliance. The food industry is highly sensitive to quality issues as lapses in product quality results in negative publicity. With brand reputation and loyalty playing a major role in determining and sustaining success, food companies are increasingly focusing on ensuring quality compliance throughout the supply chain. Also globalization and instability in supply chains and sourcing patterns is steadily expanding the demand for quality control services.
Food residue testing market is gaining ground with the world food supply under constant threat from residues of drugs, environmental toxins and agricultural chemicals. Growth in the segment has accelerated over the past few years supported by increasing demand from laboratories and governmental agencies as well as regulations that ensure food safety. Food Microbiology Testing represents a rapidly growing segment in the environmental and agricultural diagnostics market. Increased public attention to microbiological hazards due to the acute harm associated with pathogen contamination is driving growth in the market. Rapid microbial testing is gaining momentum driven by inherent advantage of offering accurate testing within less time. Given the pace of current breakthroughs, the market is expected to witness the emergence of several novel procedures and ideas in the years to come. Focus on biosensor systems, microchips and Nanotechnology will continue to grow, as the industry endeavors to develop faster and less expensive technologies. Also increasing demand for quicker and efficient processing of several samples for the detection of contaminants is giving way to gradual adoption of automated processes.
As stated by the new market research report on Agricultural and Environmental Diagnostics, Europe represents the largest market worldwide. Asia-Pacific is projected to emerge as the fastest growing regional market with a CAGR of 11.9% over the analysis period. As most of the emerging economies rely on agricultural commodity exports, these nations have been adopting quality control measures to widen market share in the international market. Entry of private sector enterprises into food safety management process has helped revolutionize quality assurance standards in these nations. Various firms have also adopted HACCP programs in view of the changing regulatory amendments for ensuring food safety.
Major players covered in the report include 3M Company, bioMérieux SA, Charm Sciences Inc., IDEXX Laboratories Inc., Neogen Corporation, PerkinElmer Inc., and VICAM LP, among others.
The research report titled 'Agricultural and Environmental Diagnostics: A Global Strategic Business Report' announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, challenges, and strategic industry activities of major companies worldwide. The report provides market estimates and projections for geographic markets such as the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. Segments analyzed include Food Residue Diagnostics, Environmental Testing and Food Microbiology Testing.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Agricultural_and_Environmental_Diagnostics_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.