Dublin, Nov. 25, 2024 (GLOBE NEWSWIRE) -- The "Shelf-life Testing - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Shelf-life Testing was estimated at US$3.1 Billion in 2023 and is projected to reach US$4.3 Billion by 2030, growing at a CAGR of 4.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the shelf-life testing market is driven by several factors, including the increasing demand for quality assurance, food safety compliance, and longer shelf life in food, pharmaceutical, and cosmetics industries, advancements in analytical techniques, sensor technologies, and data analytics, and the rising adoption of shelf-life testing for ready-to-eat foods, functional foods, and clean label products. The development of non-destructive testing, rapid detection, and multi-parameter analysis methods with enhanced predictive modeling, real-time monitoring, and accelerated testing capabilities is driving market adoption among food and beverage manufacturers, pharmaceutical companies, and cosmetics producers.
The focus on enhancing test method standardization, accuracy, and cost management is expanding the market reach among cold chain management, retail, and distribution applications. The growing use of shelf-life testing for allergen detection, nutritional stability, and microbial safety, coupled with the demand for digital quality control, remote testing, and cloud-based data management, is creating new opportunities for market growth. Additionally, the increasing investments in R&D for shelf-life testing solutions for organic, gluten-free, and plant-based products are further supporting market expansion.
How Are Technological Advancements Revolutionizing Shelf-Life Testing?
Technological advancements are revolutionizing shelf-life testing by enhancing accuracy, speed, and reliability. The use of advanced analytical techniques, such as gas chromatography, mass spectrometry, and high-performance liquid chromatography (HPLC), is enabling precise detection of chemical changes, spoilage, and degradation in food and pharmaceutical products.
The integration of sensor technologies, digital quality control, and data analytics is providing real-time monitoring of temperature, humidity, and microbial activity, allowing for proactive shelf-life management and predictive modeling. Innovations in non-destructive testing, accelerated testing methods, and multi-parameter analysis are reducing testing times, lowering costs, and providing comprehensive insights into product stability. Additionally, the development of cloud-based platforms for remote testing, data sharing, and regulatory compliance is enhancing collaboration, transparency, and decision-making across the supply chain.
Which Market Segments Are Leading the Adoption of Shelf-Life Testing?
Parameter types include microbial contamination, chemical degradation, physical stability, and sensory quality, with microbial contamination and chemical degradation being the most widely tested due to their critical impact on product safety and quality. Technologies used in shelf-life testing include gas chromatography, mass spectrometry, HPLC, spectroscopy, and accelerated shelf-life testing methods, with HPLC and spectroscopy leading the market due to their high sensitivity, accuracy, and versatility.
End-users include food and beverage manufacturers, pharmaceutical companies, cosmetics producers, and research laboratories, with food and beverage manufacturers being the largest segment due to the stringent safety and quality standards in the industry. Asia-Pacific is emerging as a high-growth region driven by the rapid expansion of the food and pharmaceutical industries.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Agrifood Technology, ALS Ltd., AsureQuality Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Microbial Contamination Testing segment, which is expected to reach US$2.0 Billion by 2030 with a CAGR of a 6.1%. The Rancidity Testing segment is also set to grow at 5.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, which was estimated at $823.7 Million in 2023, and China, forecasted to grow at an impressive 8.6% CAGR to reach $1.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 173 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $3.1 Billion |
| Forecasted Market Value (USD) by 2030 | $4.3 Billion |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Shelf-life Testing - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Increasing Demand for Quality Assurance and Food Safety Compliance Spurs Market for Shelf-Life Testing
- Technological Advancements in Analytical Techniques, Sensor Technologies, and Data Analytics Propel Innovation in Shelf-Life Testing
- Growing Focus on Extending Shelf Life of Perishable and Packaged Foods Expands Addressable Market Opportunity
- Rising Adoption of Shelf-Life Testing in Pharmaceuticals, Cosmetics, and Personal Care Industries Strengthens Business Case
- Focus on Enhancing Predictive Modeling, Real-Time Monitoring, and Accelerated Testing Methods Drives Market Adoption
- Emergence of Shelf-Life Testing Solutions for Ready-to-Eat Foods, Functional Foods, and Clean Label Products Generates New Market Opportunities
- Rising Demand for Shelf-Life Testing in Cold Chain Management, Retail, and Distribution Boosts Market Potential
- Shift Towards Digital Quality Control, Remote Testing, and Cloud-Based Data Management Expands Market Reach
- Growing Emphasis on Shelf-Life Testing for Allergen Detection, Nutritional Stability, and Microbial Safety Spurs Market Innovation
- Focus on Developing Shelf-Life Testing Solutions for Organic, Gluten-Free, and Plant-Based Products Strengthens Market Position
- Emergence of Shelf-Life Testing as a Key Component for Sustainable Packaging, Waste Reduction, and Inventory Optimization Expands Adoption
- Rising Use of Shelf-Life Testing in E-Commerce, Meal Kits, and Direct-to-Consumer Food Brands Creates New Opportunities
- Expansion of Shelf-Life Testing Applications in Food Processing, Dairy, Beverages, and Meat Industries Drives Market Growth
FOCUS ON SELECT PLAYERS(Total 46 Featured)
- Agrifood Technology
- ALS Ltd.
- AsureQuality Ltd.
- Bureau Veritas SA
- Eurofins Scientific SE
- Intertek Group PLC
- Merieux NutriSciences
- Microchem Lab Services (Pty.) Ltd.
- Premier Analytical Services
- Rj Hill Laboratories Ltd.
- SCS Global Services
- SGS SA
- Symbio Laboratories
- Tuv Nord Group
- Tuv Sud AG
For more information about this report visit https://www.researchandmarkets.com/r/f9xx4v
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