Insights Into The Packaged Food Shelf Life Testing Market’s Growth Potential 2023-2032
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The global packaged food shelf life testing market is poised for growth, transitioning from $4.43 billion in 2022 to $4.87 billion in 2023 at an impressive Compound Annual Growth Rate (CAGR) of 9.9%. Looking ahead, the market is expected to expand further, reaching $6.91 billion in 2027, sustaining a robust CAGR of 9.1%.
Fueling Forces: High Demand for Packaged Foods
The surge in demand for packaged foods takes center stage, acting as a catalyst propelling the growth of the packaged food shelf-life testing market. Packaged foods, characterized by complete surface coverage for protection against damage, contamination, spoilage, and tampering, witness a rising demand. Shelf-life testing becomes paramount to ensure the safety and integrity of these foods, guarding consumers against physical, chemical, and biological hazards. Notably, global retail demand for packaged foods witnessed a significant increase, with Germany alone experiencing a 56% surge in sales from the previous year, according to the Organization for Economic Co-operation and Development (OECD).
Industry Leaders: Shaping the Landscape
Major players play a pivotal role in shaping the dynamics of the packaged food shelf life testing market. Key contributors include SGS SA, Bureau Veritas, Eurofins Global, Intertek Group Plc., Mérieux NutriSciences Corp., ALS Ltd., AsureQuality Limited, RJ Hill Laboratories, SCS Global, Agrifood Technology, Symbio Laboratories, Premium Analytical Services, AES Laboratories Pvt. Ltd., EnviroLogix Inc., and EMSL Analytical Inc. Together, these industry leaders drive innovation and progress in ensuring the safety and longevity of packaged foods.
Technological Leap: Advancements in Shelf-Life Testing
Technological advancements emerge as a defining trend, gaining prominence in the packaged food shelf-life testing market. Leading companies are introducing cutting-edge technologies to gain a competitive edge. A notable example is SAVRpak’s innovation. In May 2022, the US-based food technology company launched SAVRpak Drop-In, utilizing moisture control technology to reduce excess moisture, condensation, and bacteria. This technology, applied to packaged produce such as berries, leafy greens, grapes, and mini cucumbers, extends their shelf life by maintaining optimal oxygen and carbon dioxide levels. The result is produce freshness maintained for up to four times longer, showcasing the impact of technological innovation in shelf-life testing.
Insights into Segmentation: Understanding Market Dynamics
The packaged food shelf life testing market unfolds its diversity through meticulous segmentation based on various parameters.
1) By Parameter: Ensuring Various Facets of Quality
- Microbial Contamination: Guarding against harmful microorganisms.
- Rancidity: Preventing the development of unpleasant odors and flavors.
- Nutrient Stability: Preserving nutritional content.
- Organoleptic Properties: Maintaining sensory attributes.
- Other Parameters: Addressing specific quality parameters.
2) By Food Tested: Diverse Applications Across Food Categories
- Packaged Food: Covering a wide array of processed foods.
- Beverages: Ensuring freshness in liquid consumables.
- Bakery and Confectionery Products: Preserving taste and texture.
- Meat and Meat Products: Extending shelf life in meat-based items.
- Dairy Products and Desserts: Safeguarding perishable dairy items.
- Processed Fruits and Vegetables: Maintaining the quality of fruits and vegetables.
- Other Food Tested: Catering to various specific food categories.
3) By Technology: Varied Approaches to Shelf-Life Testing
- Equipment and Kit-Based: Utilizing specialized equipment and testing kits.
- Manual Tests: Employing traditional manual testing methods.
4) By Method: Real-Time vs. Accelerated Shelf-Life Testing
- Real-Time Shelf Life Testing: Reflecting natural conditions over time.
- Accelerated Shelf-Life Testing: Simulating conditions to expedite testing.
Global Dynamics: Regional Insights
In 2022, Europe took the lead as the largest region in the packaged food shelf life testing market. As the market progresses, Asia-Pacific is anticipated to emerge as the fastest-growing region during the forecast period, showcasing evolving global dynamics in ensuring the longevity and safety of packaged foods.
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The Packaged Food Shelf Life Testing Global Market Report 2023 provides an overview of the packaged food shelf life testing market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The packaged food shelf life testing market forecast analyzes packaged food shelf life testing market size, packaged food shelf life testing market share, leading competitor and their market positions.
The Table Of Content For The Packaged Food Shelf Life Testing Market Include:
1. Packaged Food Shelf Life Testing Market Executive Summary
2. Packaged Food Shelf Life Testing Market Segments
3. Packaged Food Shelf Life Testing Market Size And Packaged Food Shelf Life Testing Market Growth Rate
4. Key Packaged Food Shelf Life Testing Market Trends
5. Major Packaged Food Shelf Life Testing Market Drivers
……
25. Key Mergers And Acquisitions In The Packaged Food Shelf Life Testing Market
26. Top Packaged Food Shelf Life Testing Companies
27. Packaged Food Shelf Life Testing Market Opportunities And Strategies
28. Packaged Food Shelf Life Testing Market, Conclusions And Recommendations
29. Appendix
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