Shelf-Life Testing Market Key Players Analysis 2031
The shelf-life testing market is expected to grow from US$ 4.49 billion in 2021 to US$ 8.50 billion by 2031; it is estimated to grow at a CAGR of 8.9% between 2022 and 2031.
The food processing industry has been flourishing rapidly over the years. Also, the demand for packaged and ready-to-eat food products is growing substantially. Consumers prefer to easy-to-cook packaged food products due to their hectic lifestyles. Furthermore, the increasing incidence of foodborne illness and food poisoning puts pressure on food manufacturers to apply shelf-life testing. All these factors are propelling the shelf-life market growth.
MARKET DYNAMICS
Shelf-life testing is done in a laboratory to determine the expected shelf-life of a food product and when it should be consumed. The test ensures that the product is safe for consumption. It also lowers the likelihood of product recalls; identifies the causes of decreased shelf life; helps improve products, processes, and profitability. The introduction of stringent safety regulations for food products and the increasing outbreak of foodborne illnesses propel the shelf-life testing market growth. Moreover, the surging demand for packaged and convenience food products contributes to the market growth.
MARKET SCOPE
The "Global Shelf-Life Testing Market Forecast to 2031" report aims to provide an overview of the shelf-life testing market with detailed market segmentation based on parameter, food tested, method, and technology. The report provides key statistics based on the financial performance of the leading market player. It also offers key trends and opportunities in the shelf-life testing market.
Strategic Insights
MARKET SEGMENTATION
The global shelf-life testing market is segmented on the basis of parameter, food tested, method, and technology. Based on parameter, the market is segmented into microbial contamination, rancidity, nutrient stability, organoleptic properties, and others. In terms of food tested, the market is segmented into packaged food, beverages, bakery and confectionery products, meat and meat products, dairy and dairy products, desserts, processed fruits and vegetables, and others. Based on method, the global shelf-life testing market is bifurcated into real-time shelf-life testing and accelerated shelf-life testing. By technology, the market is segmented into equipment and kit-based and manual tests.
The global shelf-life testing market is segmented into five major regions—North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South America. The report covers the analysis and forecast of 18 countries globally along with current trends and opportunities prevailing in the region.
From the regional perspective, Europe dominates the shelf-life testing market. The market growth in Europe is driven by the highest number of testing laboratories with a high number of samples tested in the world. Further, there are many stringent regulations in the region regarding the food safety that undergo frequent updates. As a result of strict regulatory enforcement throughout the stages in the food supply chain, the highest number of sample tests are conducted in Europe for safety and quality purposes. The below figure shows the revenue growth trend in the shelf-life testing market in Europe:
The report analyzes factors, such as drivers, restraints, opportunities, and future trends, which impact the growth of the shelf-life testing market. The report also provides exhaustive Porter's five forces analysis highlighting the factors affecting the market in these regions.
IMPACT OF COVID-19 PANDEMIC
During the COVID-19 pandemic, the food and beverage industry faced unprecedented challenges due to the shortage in raw material supply, the shutdown of factories, labor shortage, and other operational difficulties under pandemic safety protocols. The shutdown of manufacturing units, difficulty in the procurement of raw materials, and restriction on logistics have negatively impacted the shelf-life testing market. The outbreak had distorted operational efficiency and disrupted the value chains due to the sudden shutdown of national and international boundaries, creating revenue loss and damage. The initial lockdown in various countries certainly affected the production of food products, hence affecting the shelf-life testing market negatively. Following state and regional guidelines, manufacturers implemented extensive measures to protect the health and safety of their employees. Many global manufacturers temporarily closed their operations or limited the production capacity. Also, in the early period of crisis, manufacturers were majorly dependent on inventory. Along with this, due to the lockdown during the pandemic, the food and hospitality facilities such as restaurants and hotels were closed down which had a negative impact on the shelf-life testing market. The closure of distribution facilities such as supermarkets & hypermarkets and specialty stores also negatively impacted the shelf-life testing market.
Shejal Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any. 
Have a question?
Speak to Analyst
The global shelf-life testing market is segmented into five major regions—North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South America. The report covers the analysis and forecast of 18 countries globally along with current trends and opportunities prevailing in the region.
From the regional perspective, Europe dominates the shelf-life testing market. The market growth in Europe is driven by the highest number of testing laboratories with a high number of samples tested in the world. Further, there are many stringent regulations in the region regarding the food safety that undergo frequent updates. As a result of strict regulatory enforcement throughout the stages in the food supply chain, the highest number of sample tests are conducted in Europe for safety and quality purposes. The below figure shows the revenue growth trend in the shelf-life testing market in Europe:
The report analyzes factors, such as drivers, restraints, opportunities, and future trends, which impact the growth of the shelf-life testing market. The report also provides exhaustive Porter's five forces analysis highlighting the factors affecting the market in these regions.
IMPACT OF COVID-19 PANDEMIC
During the COVID-19 pandemic, the food and beverage industry faced unprecedented challenges due to the shortage in raw material supply, the shutdown of factories, labor shortage, and other operational difficulties under pandemic safety protocols. The shutdown of manufacturing units, difficulty in the procurement of raw materials, and restriction on logistics have negatively impacted the shelf-life testing market. The outbreak had distorted operational efficiency and disrupted the value chains due to the sudden shutdown of national and international boundaries, creating revenue loss and damage. The initial lockdown in various countries certainly affected the production of food products, hence affecting the shelf-life testing market negatively. Following state and regional guidelines, manufacturers implemented extensive measures to protect the health and safety of their employees. Many global manufacturers temporarily closed their operations or limited the production capacity. Also, in the early period of crisis, manufacturers were majorly dependent on inventory. Along with this, due to the lockdown during the pandemic, the food and hospitality facilities such as restaurants and hotels were closed down which had a negative impact on the shelf-life testing market. The closure of distribution facilities such as supermarkets & hypermarkets and specialty stores also negatively impacted the shelf-life testing market.
MARKET PLAYERS
The reports covers key developments in the shelf-life testing market. Various companies are focusing on organic growth strategies, such as product launches, product approvals, and patents and events. In addition, acquisitions, and partnership & collaborations are among the inorganic growth strategies witnessed in the market. These activities have paved way for the expansion of business and customer base of market players. The players operating in the shelf-life testing market are anticipated to experience lucrative growth opportunities in the future due to the rising demand for shelf-life testing.
The report includes the profiles of key shelf-life testing market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information, such as company profiles, components and services offered, financial information of last three years, and key development in past five years.
Below mentioned is the list of a few companies engaged in the shelf-life testing market.
- TÜV SÜD
- Mérieux
- AsureQuality
- RJ Hill Laboratories
- Intertek Group plc
- SCS Global
- Agrifood Technology
- Symbio Laboratories
- Microchem Lab Services
- Premier Analytical Services
The Insight Partner's research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Parameter, Food Tested, Method, Technology, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Shelf-life Testing Market - By Parameter
1.3.2 Shelf-life Testing Market - By Food Tested
1.3.3 Shelf-life Testing Market - By Method
1.3.4 Shelf-life Testing Market - By Technology
1.3.5 Shelf-life Testing Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SHELF-LIFE TESTING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SHELF-LIFE TESTING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. SHELF-LIFE TESTING MARKET - GLOBAL MARKET ANALYSIS
6.1. SHELF-LIFE TESTING - GLOBAL MARKET OVERVIEW
6.2. SHELF-LIFE TESTING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SHELF-LIFE TESTING MARKET - REVENUE AND FORECASTS TO 2028 - PARAMETER
7.1. OVERVIEW
7.2. PARAMETER MARKET FORECASTS AND ANALYSIS
7.3. MICROBIAL CONTAMINATION
7.3.1. Overview
7.3.2. Microbial contamination Market Forecast and Analysis
7.4. RANCIDITY
7.4.1. Overview
7.4.2. Rancidity Market Forecast and Analysis
7.5. NUTRIENT STABILITY
7.5.1. Overview
7.5.2. Nutrient stability Market Forecast and Analysis
7.6. ORGANOLEPTIC PROPERTIES
7.6.1. Overview
7.6.2. Organoleptic properties Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. SHELF-LIFE TESTING MARKET - REVENUE AND FORECASTS TO 2028 - FOOD TESTED
8.1. OVERVIEW
8.2. FOOD TESTED MARKET FORECASTS AND ANALYSIS
8.3. PACKAGED FOOD
8.3.1. Overview
8.3.2. Packaged Food Market Forecast and Analysis
8.4. BEVERAGES
8.4.1. Overview
8.4.2. Beverages Market Forecast and Analysis
8.5. BAKERY AND CONFECTIONERY PRODUCTS
8.5.1. Overview
8.5.2. Bakery and Confectionery products Market Forecast and Analysis
8.6. MEAT AND MEAT PRODUCTS
8.6.1. Overview
8.6.2. Meat and Meat products Market Forecast and Analysis
8.7. DAIRY DAIRY PRODUCTS
8.7.1. Overview
8.7.2. Dairy Dairy products Market Forecast and Analysis
8.8. AND DESSERTS
8.8.1. Overview
8.8.2. and Desserts Market Forecast and Analysis
8.9. PROCESSED FRUITS AND VEGETABLES
8.9.1. Overview
8.9.2. Processed Fruits and Vegetables Market Forecast and Analysis
8.10. OTHERS
8.10.1. Overview
8.10.2. Others Market Forecast and Analysis
9. SHELF-LIFE TESTING MARKET - REVENUE AND FORECASTS TO 2028 - METHOD
9.1. OVERVIEW
9.2. METHOD MARKET FORECASTS AND ANALYSIS
9.3. REAL-TIME SHELF LIFE TESTING
9.3.1. Overview
9.3.2. Real-time shelf life testing Market Forecast and Analysis
9.4. ACCELERATED SHELF-LIFE TESTING
9.4.1. Overview
9.4.2. Accelerated shelf-life testing Market Forecast and Analysis
10. SHELF-LIFE TESTING MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
10.1. OVERVIEW
10.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
10.3. EQUIPMENT AND KIT-BASED
10.3.1. Overview
10.3.2. Equipment and Kit-based Market Forecast and Analysis
10.4. MANUAL TESTS
10.4.1. Overview
10.4.2. Manual tests Market Forecast and Analysis
11. SHELF-LIFE TESTING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Shelf-life Testing Market Overview
11.1.2 North America Shelf-life Testing Market Forecasts and Analysis
11.1.3 North America Shelf-life Testing Market Forecasts and Analysis - By Parameter
11.1.4 North America Shelf-life Testing Market Forecasts and Analysis - By Food Tested
11.1.5 North America Shelf-life Testing Market Forecasts and Analysis - By Method
11.1.6 North America Shelf-life Testing Market Forecasts and Analysis - By Technology
11.1.7 North America Shelf-life Testing Market Forecasts and Analysis - By Countries
11.1.7.1 United States Shelf-life Testing Market
11.1.7.1.1 United States Shelf-life Testing Market by Parameter
11.1.7.1.2 United States Shelf-life Testing Market by Food Tested
11.1.7.1.3 United States Shelf-life Testing Market by Method
11.1.7.1.4 United States Shelf-life Testing Market by Technology
11.1.7.2 Canada Shelf-life Testing Market
11.1.7.2.1 Canada Shelf-life Testing Market by Parameter
11.1.7.2.2 Canada Shelf-life Testing Market by Food Tested
11.1.7.2.3 Canada Shelf-life Testing Market by Method
11.1.7.2.4 Canada Shelf-life Testing Market by Technology
11.1.7.3 Mexico Shelf-life Testing Market
11.1.7.3.1 Mexico Shelf-life Testing Market by Parameter
11.1.7.3.2 Mexico Shelf-life Testing Market by Food Tested
11.1.7.3.3 Mexico Shelf-life Testing Market by Method
11.1.7.3.4 Mexico Shelf-life Testing Market by Technology
11.2. EUROPE
11.2.1 Europe Shelf-life Testing Market Overview
11.2.2 Europe Shelf-life Testing Market Forecasts and Analysis
11.2.3 Europe Shelf-life Testing Market Forecasts and Analysis - By Parameter
11.2.4 Europe Shelf-life Testing Market Forecasts and Analysis - By Food Tested
11.2.5 Europe Shelf-life Testing Market Forecasts and Analysis - By Method
11.2.6 Europe Shelf-life Testing Market Forecasts and Analysis - By Technology
11.2.7 Europe Shelf-life Testing Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Shelf-life Testing Market
11.2.7.1.1 Germany Shelf-life Testing Market by Parameter
11.2.7.1.2 Germany Shelf-life Testing Market by Food Tested
11.2.7.1.3 Germany Shelf-life Testing Market by Method
11.2.7.1.4 Germany Shelf-life Testing Market by Technology
11.2.7.2 France Shelf-life Testing Market
11.2.7.2.1 France Shelf-life Testing Market by Parameter
11.2.7.2.2 France Shelf-life Testing Market by Food Tested
11.2.7.2.3 France Shelf-life Testing Market by Method
11.2.7.2.4 France Shelf-life Testing Market by Technology
11.2.7.3 Italy Shelf-life Testing Market
11.2.7.3.1 Italy Shelf-life Testing Market by Parameter
11.2.7.3.2 Italy Shelf-life Testing Market by Food Tested
11.2.7.3.3 Italy Shelf-life Testing Market by Method
11.2.7.3.4 Italy Shelf-life Testing Market by Technology
11.2.7.4 United Kingdom Shelf-life Testing Market
11.2.7.4.1 United Kingdom Shelf-life Testing Market by Parameter
11.2.7.4.2 United Kingdom Shelf-life Testing Market by Food Tested
11.2.7.4.3 United Kingdom Shelf-life Testing Market by Method
11.2.7.4.4 United Kingdom Shelf-life Testing Market by Technology
11.2.7.5 Russia Shelf-life Testing Market
11.2.7.5.1 Russia Shelf-life Testing Market by Parameter
11.2.7.5.2 Russia Shelf-life Testing Market by Food Tested
11.2.7.5.3 Russia Shelf-life Testing Market by Method
11.2.7.5.4 Russia Shelf-life Testing Market by Technology
11.2.7.6 Rest of Europe Shelf-life Testing Market
11.2.7.6.1 Rest of Europe Shelf-life Testing Market by Parameter
11.2.7.6.2 Rest of Europe Shelf-life Testing Market by Food Tested
11.2.7.6.3 Rest of Europe Shelf-life Testing Market by Method
11.2.7.6.4 Rest of Europe Shelf-life Testing Market by Technology
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Shelf-life Testing Market Overview
11.3.2 Asia-Pacific Shelf-life Testing Market Forecasts and Analysis
11.3.3 Asia-Pacific Shelf-life Testing Market Forecasts and Analysis - By Parameter
11.3.4 Asia-Pacific Shelf-life Testing Market Forecasts and Analysis - By Food Tested
11.3.5 Asia-Pacific Shelf-life Testing Market Forecasts and Analysis - By Method
11.3.6 Asia-Pacific Shelf-life Testing Market Forecasts and Analysis - By Technology
11.3.7 Asia-Pacific Shelf-life Testing Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Shelf-life Testing Market
11.3.7.1.1 Australia Shelf-life Testing Market by Parameter
11.3.7.1.2 Australia Shelf-life Testing Market by Food Tested
11.3.7.1.3 Australia Shelf-life Testing Market by Method
11.3.7.1.4 Australia Shelf-life Testing Market by Technology
11.3.7.2 China Shelf-life Testing Market
11.3.7.2.1 China Shelf-life Testing Market by Parameter
11.3.7.2.2 China Shelf-life Testing Market by Food Tested
11.3.7.2.3 China Shelf-life Testing Market by Method
11.3.7.2.4 China Shelf-life Testing Market by Technology
11.3.7.3 India Shelf-life Testing Market
11.3.7.3.1 India Shelf-life Testing Market by Parameter
11.3.7.3.2 India Shelf-life Testing Market by Food Tested
11.3.7.3.3 India Shelf-life Testing Market by Method
11.3.7.3.4 India Shelf-life Testing Market by Technology
11.3.7.4 Japan Shelf-life Testing Market
11.3.7.4.1 Japan Shelf-life Testing Market by Parameter
11.3.7.4.2 Japan Shelf-life Testing Market by Food Tested
11.3.7.4.3 Japan Shelf-life Testing Market by Method
11.3.7.4.4 Japan Shelf-life Testing Market by Technology
11.3.7.5 South Korea Shelf-life Testing Market
11.3.7.5.1 South Korea Shelf-life Testing Market by Parameter
11.3.7.5.2 South Korea Shelf-life Testing Market by Food Tested
11.3.7.5.3 South Korea Shelf-life Testing Market by Method
11.3.7.5.4 South Korea Shelf-life Testing Market by Technology
11.3.7.6 Rest of Asia-Pacific Shelf-life Testing Market
11.3.7.6.1 Rest of Asia-Pacific Shelf-life Testing Market by Parameter
11.3.7.6.2 Rest of Asia-Pacific Shelf-life Testing Market by Food Tested
11.3.7.6.3 Rest of Asia-Pacific Shelf-life Testing Market by Method
11.3.7.6.4 Rest of Asia-Pacific Shelf-life Testing Market by Technology
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Shelf-life Testing Market Overview
11.4.2 Middle East and Africa Shelf-life Testing Market Forecasts and Analysis
11.4.3 Middle East and Africa Shelf-life Testing Market Forecasts and Analysis - By Parameter
11.4.4 Middle East and Africa Shelf-life Testing Market Forecasts and Analysis - By Food Tested
11.4.5 Middle East and Africa Shelf-life Testing Market Forecasts and Analysis - By Method
11.4.6 Middle East and Africa Shelf-life Testing Market Forecasts and Analysis - By Technology
11.4.7 Middle East and Africa Shelf-life Testing Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Shelf-life Testing Market
11.4.7.1.1 South Africa Shelf-life Testing Market by Parameter
11.4.7.1.2 South Africa Shelf-life Testing Market by Food Tested
11.4.7.1.3 South Africa Shelf-life Testing Market by Method
11.4.7.1.4 South Africa Shelf-life Testing Market by Technology
11.4.7.2 Saudi Arabia Shelf-life Testing Market
11.4.7.2.1 Saudi Arabia Shelf-life Testing Market by Parameter
11.4.7.2.2 Saudi Arabia Shelf-life Testing Market by Food Tested
11.4.7.2.3 Saudi Arabia Shelf-life Testing Market by Method
11.4.7.2.4 Saudi Arabia Shelf-life Testing Market by Technology
11.4.7.3 U.A.E Shelf-life Testing Market
11.4.7.3.1 U.A.E Shelf-life Testing Market by Parameter
11.4.7.3.2 U.A.E Shelf-life Testing Market by Food Tested
11.4.7.3.3 U.A.E Shelf-life Testing Market by Method
11.4.7.3.4 U.A.E Shelf-life Testing Market by Technology
11.4.7.4 Rest of Middle East and Africa Shelf-life Testing Market
11.4.7.4.1 Rest of Middle East and Africa Shelf-life Testing Market by Parameter
11.4.7.4.2 Rest of Middle East and Africa Shelf-life Testing Market by Food Tested
11.4.7.4.3 Rest of Middle East and Africa Shelf-life Testing Market by Method
11.4.7.4.4 Rest of Middle East and Africa Shelf-life Testing Market by Technology
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Shelf-life Testing Market Overview
11.5.2 South and Central America Shelf-life Testing Market Forecasts and Analysis
11.5.3 South and Central America Shelf-life Testing Market Forecasts and Analysis - By Parameter
11.5.4 South and Central America Shelf-life Testing Market Forecasts and Analysis - By Food Tested
11.5.5 South and Central America Shelf-life Testing Market Forecasts and Analysis - By Method
11.5.6 South and Central America Shelf-life Testing Market Forecasts and Analysis - By Technology
11.5.7 South and Central America Shelf-life Testing Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Shelf-life Testing Market
11.5.7.1.1 Brazil Shelf-life Testing Market by Parameter
11.5.7.1.2 Brazil Shelf-life Testing Market by Food Tested
11.5.7.1.3 Brazil Shelf-life Testing Market by Method
11.5.7.1.4 Brazil Shelf-life Testing Market by Technology
11.5.7.2 Argentina Shelf-life Testing Market
11.5.7.2.1 Argentina Shelf-life Testing Market by Parameter
11.5.7.2.2 Argentina Shelf-life Testing Market by Food Tested
11.5.7.2.3 Argentina Shelf-life Testing Market by Method
11.5.7.2.4 Argentina Shelf-life Testing Market by Technology
11.5.7.3 Rest of South and Central America Shelf-life Testing Market
11.5.7.3.1 Rest of South and Central America Shelf-life Testing Market by Parameter
11.5.7.3.2 Rest of South and Central America Shelf-life Testing Market by Food Tested
11.5.7.3.3 Rest of South and Central America Shelf-life Testing Market by Method
11.5.7.3.4 Rest of South and Central America Shelf-life Testing Market by Technology
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. SHELF-LIFE TESTING MARKET, KEY COMPANY PROFILES
13.1. AGRIFOOD TECHNOLOGY
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. ALS LIMITED
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. ASUREQUALITY LIMITED
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. EUROFINS SCIENTIFIC
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. INTERTEK GROUP PLC
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. MICROCHEM LAB SERVICES (PTY) LTD
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. R J HILL LABORATORIES LIMITED
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. SCS GLOBAL SERVICES
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. SGS SA
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. SYMBIO LABORATORIES
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies
- TÜV SÜD
- Mérieux
- AsureQuality
- RJ Hill Laboratories
- Intertek Group plc
- SCS Global
- Agrifood Technology
- Symbio Laboratories
- Microchem Lab Services
- Premier Analytical Services
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For