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China Food Safety Testing Industry Report, 2013 - 2015
36 Views • Oct 28, 2013
Description
http://www.marketresearchreports.biz/analysis-details/china-food-safety-testing-industry-report-2013-2015
China food safety testing industry started from testing of agricultural and livestock products in the early 1900s. With the issuance of Chinese food safety related laws and regulations as well as the enhancement of food safety supervision, China food safety testing industry has developed rapidly. In 2009-2012, China food safety testing market grew at the average annual growth rate of 20%. In 2012, the market value hit RMB4.01 billion, reflecting a year-on-year increase of 11.1%. And the figure is expected to be RMB4.411 billion in 2013.
Currently, state-owned detection institutions are still the main force in Chinese food safety testing market, occupying more than 53% market in 2012. Foreign testing organizations seize about 35% market share in China by virtue of solid technical and financial strength, as well as strong brand and market awareness. Leading global third-party testing institutions have tapped into Chinese market by sole proprietorship or joint venture.
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