Dive Summary:
- New research finds that the food safety market is expected to grow from a current $10.15 billion measured in 2010, to $19.43 billion in 2018.
- Several factors lead to this estimate, including the recent and continued problems with food-borne illnesses as well as the increase of trade with and from developing countries around the world.
- Disinfectant is the largest chunk of the market, making up almost 43%, but smart labels and tagging are expected to be the engines of growth over the next decade.
From the article:
"According to a new market report published by Transparency Market Research the global market for food safety products was estimated to be worth $10,152m in 2010, and is expected to reach $19,425.9m by 2018, growing at a CAGR of 8.6% from 2013 to 2018. According to a new market report published by Transparency Market Research the global market for food safety products was estimated to be worth $10,152m in 2010, and is expected to reach $19,425.9m by 2018, growing at a CAGR of 8.6% from 2013 to 2018. Are food manufacturers washing their hands properly? Whereas, the global market for food..."
