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South Korea Food Safety Testing Market By Technology (Agar culturing, PCR-based assay, Immunoassay-based, Others), By Food Tested (Meat and meat product, Dairy and dairy product, Cereals, grains, and pulses, Processed food, Others), By Type (Pathogen, Genetically modified organism (GMO), Chemical and toxin, Others): Opportunity Analysis and Industry Forecast, 2021-2031
Market Report I 2023-10-01 I 74 Pages I Allied Market Research
The South Korea food safety testing market is expected to grow at a notable pace due to the introduction of advanced technologies, which ensure the safety of food products. Manufacturers are adhering to good manufacturing practice (GMP) with regard to food safety standards, which acts as a key driving force of the market. Thus, the South Korea food safety testing market is a well-developed sector that has made numerous advances in processing and testing methods such as approaches include agar culturing, PCR-based assay, immunoassay-based procedures, and other testing approaches. Moreover, food manufacturers use various testing methods to ensure the safe transport and distribution of food products to their customers.
In addition, the food safety testing market in South Korea is driven by federal government mandates and policies relating to the security of food. Furthermore, the country has become more familiar with the requirement for food safety, local authorities stringent procedures & policies concerning the quality of food production procedures and the security of food product. This has led to surge in demand from food processing organizations for latest and modern technologies in food safety testing.
In addition, the development of the food sector in Korea sustains the development of the food safety testing market. As food production and retail operations increase, the demand for reliable food safety testing approaches is expected to rise simultaneously to ensure risk-free shipment of food. Furthermore, increase in consumer awareness pertaining to food security is fostering the food safety testing market in South Korea. Consumers are gradually becoming aware of the quality of the food they purchase, which drives food mill and manufacturers to use more advanced testing technologies. However, high cost related to innovative technologies for evaluating the safety of food products hinders the market growth. In addition, reluctance to adopt these technologies due to their time-consuming procedures and requirement of skilled technicians hamper the market growth.
On the contrary, companies are focusing on developing clean label food, which are without GMP, irritant, or chemical deposits. Such initiatives drive the demand for advanced technological testing procedures for food security. Moreover, the food safety testing market in South Korea is expected to gain high traction due to rise in customer awareness pertaining to food safety & security. As customers become cautious of the safety & security requirements of the food they purchase, they significantly require food products that are safe and adhere to safety regulations. This is expected to boost the demand for advanced testing systems that detect any type of pollutants or toxins existing in food.
Moreover, the proliferation of new age technologies to conduct numerous examinations in a single run & precisely spot the existence of adulterants and impurities notably contributes toward the growth of the market. In addition, customer need for clean label food products is anticipated to rise eventually, which is likely to foster the need for food safety testing kits. Moreover, genetic diagnostic technologies are anticipated to play a crucial role in the future of the food safety testing market. This involves examinations that analyze the safety of food ingredients, their genetic make-up and their potential for allergy. In addition, companies are expected to invest in innovations that focus on the health & safety of the production procedure, such as use of genomic testing for identification of irritants and confirmation of high quality.
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- Analysis of raw material in a product (by %)
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- Per Capita Consumption Trends
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- Volume Market Size and Forecast
Key Market Segments
By Food Tested
- Meat and meat product
- Dairy and dairy product
- Cereals, grains, and pulses
- Processed food
- Others
By Type
- Pathogen
- Genetically modified organism (GMO)
- Chemical and toxin
- Others
By Technology
- Agar culturing
- PCR-based assay
- Immunoassay-based
- Others
- Key Market Players
- SGS S.A.
- Bureau Veritas
- Intertek
- ALS Limited
- Korea Quality Control Association
- Korea Testing & Research Institute
- AJR International Co., Ltd.
- Asia Pacific Services Co., Ltd.
- Dong Yang Myung Jin Co., Ltd.
CHAPTER 1: INTRODUCTION
1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits to the Stakeholders
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Impacting Factors
3.2.2. Top Investment Pockets
3.3. Porter's Five Forces Analysis
3.4. Market Dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: SOUTH KOREA FOOD SAFETY TESTING MARKET, BY TECHNOLOGY
4.1. Overview
4.1.1. Market Size and Forecast, By Technology
4.2. Agar culturing
4.3. PCR-based assay
4.4. Immunoassay-based
4.5. Others
CHAPTER 5: SOUTH KOREA FOOD SAFETY TESTING MARKET, BY FOOD TESTED
5.1. Overview
5.1.1. Market Size and Forecast, By Food Tested
5.2. Meat and meat product
5.3. Dairy and dairy product
5.4. Cereals, grains, and pulses
5.5. Processed food
5.6. Others
CHAPTER 6: SOUTH KOREA FOOD SAFETY TESTING MARKET, BY TYPE
6.1. Overview
6.1.1. Market Size and Forecast, By Type
6.2. Pathogen
6.3. Genetically modified organism (GMO)
6.4. Chemical and toxin
6.5. Others
CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top player positioning, 2021
CHAPTER 8: COMPANY PROFILES
8.1. Bureau Veritas
8.1.1. Company overview
8.1.2. Key Executives
8.1.3. Company snapshot
8.1.4. Operating business segments
8.1.5. Product portfolio
8.1.6. Business performance
8.1.7. Key strategic moves and developments
8.2. Intertek
8.2.1. Company overview
8.2.2. Key Executives
8.2.3. Company snapshot
8.2.4. Operating business segments
8.2.5. Product portfolio
8.2.6. Business performance
8.2.7. Key strategic moves and developments
8.3. ALS Limited
8.3.1. Company overview
8.3.2. Key Executives
8.3.3. Company snapshot
8.3.4. Operating business segments
8.3.5. Product portfolio
8.3.6. Business performance
8.3.7. Key strategic moves and developments
8.4. Korea Quality Control Association
8.4.1. Company overview
8.4.2. Key Executives
8.4.3. Company snapshot
8.4.4. Operating business segments
8.4.5. Product portfolio
8.4.6. Business performance
8.4.7. Key strategic moves and developments
8.5. Korea Testing & Research Institute
8.5.1. Company overview
8.5.2. Key Executives
8.5.3. Company snapshot
8.5.4. Operating business segments
8.5.5. Product portfolio
8.5.6. Business performance
8.5.7. Key strategic moves and developments
8.6. AJR International Co., Ltd.
8.6.1. Company overview
8.6.2. Key Executives
8.6.3. Company snapshot
8.6.4. Operating business segments
8.6.5. Product portfolio
8.6.6. Business performance
8.6.7. Key strategic moves and developments
8.7. Asia Pacific Services Co., Ltd.
8.7.1. Company overview
8.7.2. Key Executives
8.7.3. Company snapshot
8.7.4. Operating business segments
8.7.5. Product portfolio
8.7.6. Business performance
8.7.7. Key strategic moves and developments
8.8. Dong Yang Myung Jin Co., Ltd.
8.8.1. Company overview
8.8.2. Key Executives
8.8.3. Company snapshot
8.8.4. Operating business segments
8.8.5. Product portfolio
8.8.6. Business performance
8.8.7. Key strategic moves and developments
8.9. SGS S.A.
8.9.1. Company overview
8.9.2. Key Executives
8.9.3. Company snapshot
8.9.4. Operating business segments
8.9.5. Product portfolio
8.9.6. Business performance
8.9.7. Key strategic moves and developments
LIST OF TABLES
TABLE 01. SOUTH KOREA FOOD SAFETY TESTING MARKET, BY TECHNOLOGY, 2021-2031 ($MILLION)
TABLE 02. SOUTH KOREA FOOD SAFETY TESTING MARKET, BY FOOD TESTED, 2021-2031 ($MILLION)
TABLE 03. SOUTH KOREA FOOD SAFETY TESTING MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 04. BUREAU VERITAS: KEY EXECUTIVES
TABLE 05. BUREAU VERITAS: COMPANY SNAPSHOT
TABLE 06. BUREAU VERITAS: OPERATING SEGMENTS
TABLE 07. BUREAU VERITAS: PRODUCT PORTFOLIO
TABLE 08. BUREAU VERITAS: KEY STRATERGIES
TABLE 09. INTERTEK: KEY EXECUTIVES
TABLE 10. INTERTEK: COMPANY SNAPSHOT
TABLE 11. INTERTEK: OPERATING SEGMENTS
TABLE 12. INTERTEK: PRODUCT PORTFOLIO
TABLE 13. INTERTEK: KEY STRATERGIES
TABLE 14. ALS LIMITED: KEY EXECUTIVES
TABLE 15. ALS LIMITED: COMPANY SNAPSHOT
TABLE 16. ALS LIMITED: OPERATING SEGMENTS
TABLE 17. ALS LIMITED: PRODUCT PORTFOLIO
TABLE 18. ALS LIMITED: KEY STRATERGIES
TABLE 19. KOREA QUALITY CONTROL ASSOCIATION: KEY EXECUTIVES
TABLE 20. KOREA QUALITY CONTROL ASSOCIATION: COMPANY SNAPSHOT
TABLE 21. KOREA QUALITY CONTROL ASSOCIATION: OPERATING SEGMENTS
TABLE 22. KOREA QUALITY CONTROL ASSOCIATION: PRODUCT PORTFOLIO
TABLE 23. KOREA QUALITY CONTROL ASSOCIATION: KEY STRATERGIES
TABLE 24. KOREA TESTING & RESEARCH INSTITUTE: KEY EXECUTIVES
TABLE 25. KOREA TESTING & RESEARCH INSTITUTE: COMPANY SNAPSHOT
TABLE 26. KOREA TESTING & RESEARCH INSTITUTE: OPERATING SEGMENTS
TABLE 27. KOREA TESTING & RESEARCH INSTITUTE: PRODUCT PORTFOLIO
TABLE 28. KOREA TESTING & RESEARCH INSTITUTE: KEY STRATERGIES
TABLE 29. AJR INTERNATIONAL CO., LTD.: KEY EXECUTIVES
TABLE 30. AJR INTERNATIONAL CO., LTD.: COMPANY SNAPSHOT
TABLE 31. AJR INTERNATIONAL CO., LTD.: OPERATING SEGMENTS
TABLE 32. AJR INTERNATIONAL CO., LTD.: PRODUCT PORTFOLIO
TABLE 33. AJR INTERNATIONAL CO., LTD.: KEY STRATERGIES
TABLE 34. ASIA PACIFIC SERVICES CO., LTD.: KEY EXECUTIVES
TABLE 35. ASIA PACIFIC SERVICES CO., LTD.: COMPANY SNAPSHOT
TABLE 36. ASIA PACIFIC SERVICES CO., LTD.: OPERATING SEGMENTS
TABLE 37. ASIA PACIFIC SERVICES CO., LTD.: PRODUCT PORTFOLIO
TABLE 38. ASIA PACIFIC SERVICES CO., LTD.: KEY STRATERGIES
TABLE 39. DONG YANG MYUNG JIN CO., LTD.: KEY EXECUTIVES
TABLE 40. DONG YANG MYUNG JIN CO., LTD.: COMPANY SNAPSHOT
TABLE 41. DONG YANG MYUNG JIN CO., LTD.: OPERATING SEGMENTS
TABLE 42. DONG YANG MYUNG JIN CO., LTD.: PRODUCT PORTFOLIO
TABLE 43. DONG YANG MYUNG JIN CO., LTD.: KEY STRATERGIES
TABLE 44. SGS S.A.: KEY EXECUTIVES
TABLE 45. SGS S.A.: COMPANY SNAPSHOT
TABLE 46. SGS S.A.: OPERATING SEGMENTS
TABLE 47. SGS S.A.: PRODUCT PORTFOLIO
TABLE 48. SGS S.A.: KEY STRATERGIES
LIST OF FIGURES
FIGURE 01. SOUTH KOREA FOOD SAFETY TESTING MARKET, 2021-2031
FIGURE 02. SEGMENTATION OF SOUTH KOREA FOOD SAFETY TESTING MARKET, 2021-2031
FIGURE 03. TOP INVESTMENT POCKETS IN SOUTH KOREA FOOD SAFETY TESTING MARKET (2021-2031)
FIGURE 04. PORTER FIVE-1
FIGURE 05. PORTER FIVE-2
FIGURE 06. PORTER FIVE-3
FIGURE 07. PORTER FIVE-4
FIGURE 08. PORTER FIVE-5
FIGURE 09. DRIVERS, RESTRAINTS AND OPPORTUNITIES: SOUTH KOREA FOOD SAFETY TESTING MARKET
FIGURE 10. SOUTH KOREA FOOD SAFETY TESTING MARKET,BY TECHNOLOGY, 2021 ($MILLION)
FIGURE 11. SOUTH KOREA FOOD SAFETY TESTING MARKET,BY FOOD TESTED, 2021 ($MILLION)
FIGURE 12. SOUTH KOREA FOOD SAFETY TESTING MARKET,BY TYPE, 2021 ($MILLION)
FIGURE 13. TOP WINNING STRATEGIES, BY YEAR
FIGURE 14. TOP WINNING STRATEGIES, BY DEVELOPMENT
FIGURE 15. TOP WINNING STRATEGIES, BY COMPANY
FIGURE 16. PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 17. COMPETITIVE DASHBOARD
FIGURE 18. COMPETITIVE HEATMAP: SOUTH KOREA FOOD SAFETY TESTING MARKET
FIGURE 19. TOP PLAYER POSITIONING, 2021
FIGURE 20. BUREAU VERITAS: NET SALES, 2020-2022*($MILLION)
FIGURE 21. BUREAU VERITAS: REVENUE SHARE, BY SEGMENT, 2021 (%)
FIGURE 22. BUREAU VERITAS: REVENUE SHARE, BY GEOGRAPHY, 2021 (%)
FIGURE 23. INTERTEK: NET SALES, 2020-2022*($MILLION)
FIGURE 24. INTERTEK: REVENUE SHARE, BY SEGMENT, 2021 (%)
FIGURE 25. INTERTEK: REVENUE SHARE, BY GEOGRAPHY, 2021 (%)
FIGURE 26. ALS LIMITED: NET SALES, 2020-2022*($MILLION)
FIGURE 27. ALS LIMITED: REVENUE SHARE, BY SEGMENT, 2021 (%)
FIGURE 28. ALS LIMITED: REVENUE SHARE, BY GEOGRAPHY, 2021 (%)
FIGURE 29. KOREA QUALITY CONTROL ASSOCIATION: NET SALES, 2020-2022*($MILLION)
FIGURE 30. KOREA QUALITY CONTROL ASSOCIATION: REVENUE SHARE, BY SEGMENT, 2021 (%)
FIGURE 31. KOREA QUALITY CONTROL ASSOCIATION: REVENUE SHARE, BY GEOGRAPHY, 2021 (%)
FIGURE 32. KOREA TESTING & RESEARCH INSTITUTE: NET SALES, 2020-2022*($MILLION)
FIGURE 33. KOREA TESTING & RESEARCH INSTITUTE: REVENUE SHARE, BY SEGMENT, 2021 (%)
FIGURE 34. KOREA TESTING & RESEARCH INSTITUTE: REVENUE SHARE, BY GEOGRAPHY, 2021 (%)
FIGURE 35. AJR INTERNATIONAL CO., LTD.: NET SALES, 2020-2022*($MILLION)
FIGURE 36. AJR INTERNATIONAL CO., LTD.: REVENUE SHARE, BY SEGMENT, 2021 (%)
FIGURE 37. AJR INTERNATIONAL CO., LTD.: REVENUE SHARE, BY GEOGRAPHY, 2021 (%)
FIGURE 38. ASIA PACIFIC SERVICES CO., LTD.: NET SALES, 2020-2022*($MILLION)
FIGURE 39. ASIA PACIFIC SERVICES CO., LTD.: REVENUE SHARE, BY SEGMENT, 2021 (%)
FIGURE 40. ASIA PACIFIC SERVICES CO., LTD.: REVENUE SHARE, BY GEOGRAPHY, 2021 (%)
FIGURE 41. DONG YANG MYUNG JIN CO., LTD.: NET SALES, 2020-2022*($MILLION)
FIGURE 42. DONG YANG MYUNG JIN CO., LTD.: REVENUE SHARE, BY SEGMENT, 2021 (%)
FIGURE 43. DONG YANG MYUNG JIN CO., LTD.: REVENUE SHARE, BY GEOGRAPHY, 2021 (%)
FIGURE 44. SGS S.A.: NET SALES, 2020-2022*($MILLION)
FIGURE 45. SGS S.A.: REVENUE SHARE, BY SEGMENT, 2021 (%)
FIGURE 46. SGS S.A.: REVENUE SHARE, BY GEOGRAPHY, 2021 (%)
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