Research and Investment Prospect of China Food Safety Testing Industry, 2014-2018 mainly includes development status of food safety testing industry both in China and overseas, the current China's demand market size, technical status, competitive landscape, development opportunities and trend analysis, analyses on development status of China's food industry and brief introduction of leading institutions in China food safety testing industry and their institution settings.
In recent years, a number of food safety incidents have happened in China, triggering high attention from the masses, which offer development opportunities for food safety testing industry. Testing industry is closely bound up with people's living, which not only can ensure safety of the basic necessities for life, but also push testing industry to generate new products, playing a vital role in the sound development of society. Thus it can be said that testing industry is an inevitable outcome of social development.
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In 2013 the market scale of food safety testing in China generated CNY 4.5 billion, up 12.2% compared with CNY 4.01 billion in 2012. With the gradual presentation of atmosphere and water and soil pollution control solutions, food safety will become the hot issue concerning the living quality of common people. At present, China Food and Drug Administration (CFDA) is revising Food Safety Law, and National Health and Family Planning Commission of PRC is also formulating food safety standards. After ministries and commissions make clear decisions on "three adjustment schemes" (refer to stipulations on major responsibilities, internal organizations and size of personnel force), supervisions on food safety will be increased and enhanced.
Huidian Research predicts that the modification of Food Safety Law has been completed, and it will be put into force in coming two years, which will enormously promote the development of food safety testing market. It is estimated that the market size of food safety testing industry will be CNY 5.2 billion in 2014, and will reach ten billion by 2018.
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