It is forecasted that China food safety testing market will reach USD 791.5 million in 2020 with a CAGR of 9.9% from 2016 to 2020.
There are 1293.3 thousand batches in the 2016 food safety spot test plan launched by China Food and Drug Administration (CFDA). Calculating on a basis population of 1368 million in China, the coverage of the 2016 spot test plan is only 0.95 batch per thousand people. Nevertheless, the coverage of spot test in Hong Kong is 9 batch per thousand people. Too low spot test ratio contains huge increasing potential. Currently there are several regions in China have drawn up plans to catch up with international spot test standard.
In 2013, the Chinese government integrated four departments' functions and built up CFDA, but it lacks of relative testing ability and usually organizes public bidding for testing services. Labs primarily belongs to State Administration for Industry & Commerce and CFDA are different administrative departments, thus there are weak internal benefit links between them. Third-party private testing companies have fair competition rights during the procedure of public bidding.
Currently state-owned testing organizations accounts for over 55% market share in China food safety testing markets relies on their monopolistic advantages. Depending on strong technic and brand cognitive, foreign testing companies accounts for about 35% of China food safety testing market. Well-known foreign testing companies even occupies over 80% of China third-party food safety testing market.
Key Topics Covered:
1 China Food & Beverage Industry
2 Development Environment
3 Development of China Food Safety Testing Industry
4 Third-party Food Safety Testing Service Companies in China
5 Third-party Food Safety Testing Instrument Companies in China
6 RFID (Radio Frequency Identification) Companies in China
- Beijing Zhiyunda Technology Co., Ltd.
- Centre Testing International Group Co., Ltd.
- Focused Photonics Inc.
- Golden Spring Internet of Things Inc.
- Guangdong Dayuan Oasis Food Safety Technology Co., Ltd.
- Guangzhou GRG Metrology & Test Co., Ltd.
- Guizhou Kwinbon Biotechnology co., Ltd
- Hangzhou Century
- Hefei Meiya Optoelectronic Technology Inc.
- Jiangsu Skyray Instrument Co., Ltd.
- Jinan Hanon Instruments Co., Ltd.
- Qingdao Harrens Inspection Testing Co., Ltd.
- Shandong Green Testing Co., Ltd.
- Shanghai Pugong Testing Technology Co., Ltd.
For more information about this report visit http://www.researchandmarkets.com/research/pgfcqf/china_thirdparty
Related Topics: Food Safety
Research and Markets
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SOURCE Research and Markets