Shelf Life Testing Market Global Industry Size, Share, Future Trends And Forecast To 2033 (Business Opportunities - Advertising Service)

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Shelf Life Testing Market Global Industry Size, Share, Future Trends And Forecast To 2033

The Shelf Life Testing Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).

Learn More On The Shelf Life Testing Market:
In accordance with The Business Research Company's comprehensive Shelf Life Testing Global Market Report for 2024, the market has experienced robust growth, surging from $4.2 billion to an estimated $4.59 billion within the year. This remarkable expansion, set at a compound annual growth rate (CAGR) of 9.3%, is primarily attributable to stringent quality and safety regulations, heightened consumer demand for freshness, the globalized nature of the food supply chain, a dedicated focus on reducing food waste, the expansive growth of the pharmaceutical industry, and the introduction of environmentally conscious biodegradable packaging.

High demand for packaged foods is expected to propel the growth of the shelf-life testing market going forward. Packaged foods refer to food that has its entire surface covered to protect it from damage, contamination, spoilage, pest attacks, and tampering during transport and storage, either by permeable or impermeable wrapping. Shelf-life testing is essential to determine the safety of the packaged food and ensure that food is free of physical, chemical, and biological hazards, thereby protecting the customers from food-borne diseases. For instance, in June 2022, according to the Organization for Economic Co-operation and Development (OECD), a France-based intergovernmental organization, global retail demand for packaged foods had increased by 15-20% higher than the previous year, and sales of packaged foods in Germany increased by 56% from the previous year. Hence, the increasing demand and consumption of packaged food is expected to drive the market.

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The shelf life testing market covered in this report is segmented –
1) By Technology: Equipment And Kit-Based, Manual Tests
2) By Parameter: Microbial Contamination, Rancidity, Nutrient Stability, Organoleptic Properties, Other Parameters
3) By Method: Real-Time Shelf Life Testing, Accelerated Shelf-Life Testing
4) By Food Tested: Packaged Food, Beverages, Bakery And Confectionery Products, Meat And Meat Products, Dairy Products And Desserts, Processed Fruits And Vegetables, Other Food Tests

An integral facet of this market's evolution is the adoption of cutting-edge technologies, constituting a prominent trend. Leading market players leverage state-of-the-art tools such as artificial intelligence to provide sophisticated shelf-life predictions, thus gaining a distinct competitive edge. An exemplar in this arena is the Netherlands-based food tech startup, OneThird. Pioneering shelf life prediction solutions through the integration of spectroscopy and other data sources, OneThird's cloud platform and AI algorithms facilitate seamless information sharing and collaboration with partners, exemplifying the industry's commitment to technological innovation and excellence.

The shelf life testing market report table of contents includes:
1. Executive Summary
2. Shelf Life Testing Market Characteristics
3. Shelf Life Testing Market Trends And Strategies
4. Shelf Life Testing Market - Macro Economic Scenario
5. Global Shelf Life Testing Market Size and Growth


31. Global Shelf Life Testing Market Competitive Benchmarking
32. Global Shelf Life Testing Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Shelf Life Testing Market
34. Shelf Life Testing Market Future Outlook and Potential Analysis
35. Appendix

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Last Update : Jan 24, 2024 7:35 AM
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2024-06-16 (0.224 sec)