The Business Research Company’s Shelf Life Testing Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Shelf Life Testing Global Market Report 2023 evaluates shelf life testing market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global shelf life testing market size is expected to grow from $3.83 billion in 2022 to $4.18 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global shelf life testing market size is expected to grow to $5.62 billion in 2027 at a CAGR of 7.7%
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 segments in the report are:
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
The table of contents in TBRC’s shelf life testing market report includes:
- Executive Summary
- Shelf Life Testing Market Characteristics
- Shelf Life Testing Market Trends And Strategies
- Shelf Life Testing Market – Macro Economic Scenario
- Shelf Life Testing Market Size And Growth
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- Africa Shelf Life Testing Market
- Shelf Life Testing Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Shelf Life Testing Market
- Shelf Life Testing Market Future Outlook and Potential Analysis
- Appendix
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