Temperature Monitoring System Market Size Worth $6.85Bn, Growing at a CAGR of 4.8% by 2028-Industry Analysis with Types, Share, Size, Trends, Revenue and Top Companies

Premium Market Insights has added a new report titled Temperature Monitoring System Market Size, Share, Growth, Demand, Industry Trends and Forecast To 2028-COVID-19 Impact and Global Analysis By Application, Type," the market is expected to grow from US$ 5.15 billion in 2021 to US$ 6.85 billion by 2028; it is estimated to grow at a CAGR 4.8% during 2021-2028. To have a powerful business growth and success in this swiftly changing marketplace, companies must plump for this Temperature Monitoring System market report which benefits them by giving a broad range of information. This market survey provides key information about the Temperature Monitoring System industry, including very helpful and important facts and figures, expert opinions, and the latest developments across the globe. This global market report also identifies and analyses emerging trends along with major drivers, challenges and opportunities in industry with analysis on vendors, geographical regions, types, and applications.

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The Key Players Operating In The Temperature Monitoring System Market include  SGS SA, Eurofins Scientific, Intertek Group Plc, T?V S?D, AES Laboratories Pvt. Ltd., T?V NORD GROUP, Bureau Veritas, ALS Limited, NEOGEN Corporation, and AsureQuality. These players engage in developing affordable and innovative products to meet the rising customer demands and expand their market share.

Food safety testing is a scientific analysis of food products and their contents to find information about various characteristics such as physiochemical properties, composition, and structure. The information is used to determine product safety for consumption. The rising incidence of foodborne illnesses triggers the demand for Temperature Monitoring System. In addition, product recalls hamper the profitability and brand image of manufacturers, which compels manufacturers to adopt Temperature Monitoring System to detect contaminants or adulterants in early stages

Based on food type, the Temperature Monitoring System market is segmented into meat, poultry, and seafood products; dairy products; cereals and grains; processed food; fruits and vegetables; and others. The meat, poultry, and seafood segment held the largest market share in 2021, and it is projected to register the highest CAGR during the forecast period. The meat, poultry, and seafood products testing includes testing for contaminants and adulteration, wherein one meat type may be adulterated with other meat types. The products may be tested for ash, fat, moisture, protein/nitrogen, heavy metals, pesticides, antibiotics and drugs, salt, chloride, and nitrates and nitrites. The testing helps minimize the risk of food fraud and ensures appropriate product labelling. This is extremely essential for countries in the Middle East where pork or pig meat is not consumed due to religious purposes, and most food products containing meat are required to have Halal certification.

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In terms of region, the Temperature Monitoring System market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. In 2021, North America held the largest share of the Temperature Monitoring System market; however, Asia Pacific is estimated to register the fastest CAGR from 2022 to 2028. Foodborne illnesses have become a major concern for health systems in Asia Pacific. The Food and Agriculture Organization (FAO) of the United Nations (UN) published data in 2019 that suggested that ~275 million people in Asia Pacific fall sick due to foodborne illnesses annually. Food safety concerns also lead to adverse effects on the food trade. The FAO report also suggested that unsafe water and food kill more people each year than measles, malaria, and AIDS combined worldwide, and the issue requires utmost attention by all countries, especially ones in Asia Pacific, considering their poor record of preventing foodborne illnesses.

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Global Temperature Monitoring System market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:

The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
North America (United States, Mexico & Canada)
South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

Major highlights from Table of Contents:

Temperature Monitoring System Market Study Coverage:

It includes major manufacturers, emerging player's growth story, and major business segments of Temperature Monitoring System market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.

Temperature Monitoring System Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.

Temperature Monitoring System Market Production by Region Temperature Monitoring System Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.

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