Wilmington, Delaware, Sept. 28, 2023 (GLOBE NEWSWIRE) --
Global Shelf Life Testing Market is estimated at a market value of US$ 2.9 billion in 2023 and is expected to grow at a significant CAGR of over 7.0% over the forecast period of 2023-2030, according to the published market report by RationalStat
Market Definition, Market Scope, and Report Overview
Customers are becoming more concerned about the quality and safety of the foods and beverages they consume. They anticipate that items will have a longer shelf life while retaining freshness, flavor, and nutritional content. Manufacturers are investing in shelf life testing as a result to ensure their products satisfy these standards.
Rapid testing methodologies, predictive modelling, and sensory analysis have improved the accuracy and efficiency of shelf-life testing. This has pushed businesses to invest in these technologies in order to better understand the shelf life of their products.
- According to a deep-dive market assessment by RationalStat, the global shelf life testing market has been analyzed on the basis of market segments, including parameter, method, application, and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the global shelf life testing market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global shelf life testing market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Shelf Life Testing Market: Segmental and Market Share Analysis
- On the basis of parameter, microbial contamination segment dominated the market accounting for around 45% of global revenue. Microbial contamination is the unintentional or unintentional introduction of hazardous bacteria into products/commodities such as fruits, meat, dairy products, and other beverages.
- On the basis of application, with a market share of roughly 39%, the packaged foods segment dominated the market. Rapid urbanization has resulted in various lifestyle changes, one of which is an increase in the consumption of packaged meals.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 2.9 billion |
| Market Size Forecast | US$ 4.4 billion |
| Growth Rate | 7.0% |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global shelf life testing market include,
- In November 2021, Mérieux NutriSciences announced the opening of its new food testing laboratory in Lima, Peru. Mérieux NutriSciences maintains its commitment to food safety while contributing to global consumer health by expanding and implementing Peru's largest and most advanced food safety laboratory.
- In July 2021, Mérieux NutriSciences, a global leader in food safety, quality, and sustainability, announced the purchase of Tracelab SpA., a laboratory in Chile that provides specialized analytical services to the salmon farming business.
Some of the prominent players and suppliers operating and contributing significantly to the global shelf life testing market growth include SGS SA, Eurofins Scientific, Bureau Veritas, Intertek Group, ALS Limited, Mérieux NutriSciences, TÜV SÜD, AsureQuality Limited, and Microbac Laboratories, Inc., among others.
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RationalStat has segmented the global shelf life testing market based on parameter, method, application and region
- Global Shelf Life Testing Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Parameter
- Microbial Contamination
- Rancidity
- Nutrient Stability
- Others
- Global Shelf Life Testing Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Method
- Real-Time Shelf Life Testing
- Accelerated Shelf-Life Testing
- Global Shelf Life Testing Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Application
- Packaged Food
- Bakery & Confectionary Products
- Meat & Meat Products
- Processed Food
- Dairy Products
- Beverages
- Others
- Global Shelf Life Testing Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
- North America Shelf Life TestingMarket
- US
- Canada
- Latin America Shelf Life TestingMarket
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Shelf Life TestingMarket
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Shelf Life TestingMarket
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Shelf Life TestingMarket
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Shelf Life TestingMarket
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Shelf Life TestingMarket
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Key Questions Answered in the Shelf Life Testing Report:
- What will be the market value of the global shelf life testing market by 2030?
- What is the market size of the global shelf life testing market?
- What are the market drivers of the global shelf life testing market?
- What are the key trends in the global shelf life testing market?
- Which is the leading region in the global shelf life testing market?
- What are the major companies operating in the global shelf life testing market?
- What are the market shares by key segments in the global shelf life testing market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.
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