The key players identified have a strong presence in the top
10 trends in food safety testing and technologies industry including SGS
S.A. (Switzerland), Bureau Veritas S.A. (France), Intertek Group plc (U.K.),
Eurofins Scientific SE (Luxembourg), ALS Limited (Australia), Thermo Fisher
Scientific Inc. (U.S.), Mérieux NutriSciences Corporation (U.S.), AsureQuality
Ltd. (New Zealand), Microbac Laboratories Inc (U.S.), and Romer Labs Diagnostic
GmbH (Austria).
The key market players adopted various growth strategies
such as expansions, acquisitions, agreements, in order to cater to the
increasing demand for food safety and testing technologies. The companies
increased their research and development expenditure to expand their
manufacturing capacities and offer diversified food safety testing
technologies.
The core strengths of the key players that have driven the
top 10 trends in food safety testing and technologies industry are strategic
expansions and acquisitions, in order to enhance their market presence. Market
players such as SGS S.A. (Switzerland), Bureau Veritas S.A. (France), and
Intertek Group plc (U.K.) successfully tapped the potential markets through
expansions, acquisitions, and new service launches. Moreover, these companies
also focused on offering a diverse range of testing services such as food
pathogen testing, GMO Testing, pesticide residue testing, and others to cater
the changing requirements of the food safety testing and technologies industry.
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SGS S.A. (Switzerland) has been one of the major players in
the global food safety testing and technologies industry; it adopted strategies
such as acquisitions, expansions, partnerships, and new technology &
service launches in the recent years. The company acquired Laboratoire LCA
(Morocco), to expand its business in the Moroccan agriculture market, it also
expanded its food testing laboratory in South Korea, to offer food chemical
testing, food contaminant testing, and microbiological and DNA testing.
Bureau Veritas S.A. (France) adopted acquisitions as its
strategy to expand its presence in the food safety testing and technologies
industry. Bureau Veritas S.A. is a global leader in providing testing,
inspection, and certification services to meet the growing challenges of
quality, safety, environmental protection, and social responsibility. The
company offers innovative solutions for regulations & standards, reducing
risks, improving performance, and promoting sustainable development.
Intertek Group plc (U.K.) adopted strategies such as
expansions and acquisitions in order to efficiently expand its geographic
presence in recent years. Intertek set up its AgriTech laboratory at Hyderabad
(India) to perform DNA-based testing of various agricultural products. The
company introduced its advanced ScanBi DNA testing technology in India with
this expansion. The company also acquired the Italian company Food
International Trust (FIT-Italia), which provided a wide range of assurance,
testing, and certification services.
