Food & Beverage News: Global residue testing market to reach $4.4B by 2021

Sept. 26, 2016

The largest market segment in 2015 was found in food safety testing of pesticide residues owing largely to the need for first-world countries to monitor banned pesticide use in foods imported from developing countries.

Global residue testing market worth $4.4B by 2021

A new market report on the residue testing market by Markets and Markets expects a 6.4 percent CAGR rate in the industry over the next five years. The report anticipates an industry worth of $4.41 billion by 2021.

The largest market segment in 2015 was found in food safety testing of pesticide residues owing largely to the need for first-world countries to monitor banned pesticide use in foods imported from developing countries.

The greatest growth in the market is expected in the chromatography sector, and the fastest country growth in the market over the period is expected from China.

Eggo recalls 10K cases of waffles amid listeria concerns

Potential Listeria contamination of Eggo waffles, part the Kellogg Corporation, prompted a voluntary recall of 10,000 cases of the Nutri-Grain Whole Wheat brand. Products were recalled in 25 states after Kellogg found a cleaning process issues during its routine testing. Though no related Listeria cases have been reported, Kellogg acknowledge the cleaning problem left its production process open for contamination by Listeria monocytogens and chose to preemptively recall the product.

Stevia market sector to reach $556M by 2024

A new study of the stevia market by Grand View Research Inc. anticipates the sector will reach $556.7 million by 2024. The product, which is used in food and beverage and pharmaceutical processing, is expected to see major growth due to its increasing penetration of the beverage segment, especially carbonated drinks. Growth is also contributed to rising sugar-related health concerns and rising sugar prices, resulting in a need for alternative choices.

The beverage segment is expected to see the most growth over the eight-year period, growing at a CAGR of 5.8 percent, and the food sector is expected to account for 25.5 percent of volume. The Asia-Pacific region is expected to see major growth, as well, at an expected CAGR of 5.7 percent.

Food processing to triple in coming years in India

Indian Food Processing Minister Harsimrat Kaur Badal announced she expects the counrtry’s food processing industry to triple within the next few years as a result of economic growth and government-backed initiatives. Currently, the food processing industry in India is worth approximately $22 billion, and last year the value grew at 5.78 percent CAGR.

The Indian government has made strides to further boost the segment’s growth including allowing 100 percent of foreign direct investment in marketing of food items and facilitating ease of business and investment.

University to develop AI cleaning system for food processing

An artificially intelligent cleaning system being researched at the University of Nottingham in the United Kingdom, which is expected to save $130 million in the U.K.’s food processing sector alone if feasible. The study hopes to find viability of an AI system which would reduce water and energy use by precisely measuring cleaning needed. The research team is creating lab with real-world food processing conditions where they will test a combination of ultrasonic sensing and optical fluorescence imaging technologies to determine whether such a system would benefit the industry. The feasibility study will span one year.

Latin American industrial refrigeration market to see substantial growth

New market research expects the industrial refrigeration market in Latin America to experience major growth over the next two years, ultimately reaching a 6.5 percent CAGR by 2019. Growth in the region’s market primarily is contributed to changing consumer lifestyle and food habits, which result in an increase in frozen food consumption. Increased trade in refrigerated products, especially meat and beverages, also should drive growth in the market, as well as strategic trade agreements.

OSHA fines Alabama meat plant $76K over serious employee injury

Keystone Foods, a meat processing plant in Bakershill, Alabama, received $76,734 in proposed penalties from the Occupational Safety and Health Administration (OSHA) after a plant employee cut off the tip of his index finger. The injury occurred while the 65-year-old man cleaned an overhead saw blade.

The company, based in Pennsylvania, was cited for unguarded platforms, saws and other machinery, lacking safety mechanisms for cleaning, workers without eye protection, and ammonia placement and release issues, among others. Keystone, which produces fresh and frozen poultry, beef, fish and pork, was given 15 days to contest or comply with findings.

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