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NEW YORK , Nov. 26, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The global food safety testing market size is estimated to grow by USD 10.51 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 8.28% during the forecast period. Increase in involvement of government agencies is driving market growth, with a trend towards adoption of advanced robotics for automation of food safety testing. However, lack of infrastructure and underutilization of resources in developing countries poses a challenge.Key market players include ADPEN Laboratories Inc., Agilent Technologies Inc., ALS Ltd., AsureQuality Ltd., Bio Rad Laboratories Inc., bioMerieux SA, Bureau Veritas SA, Cotecna Inspection SA, Element Materials Technology Group Ltd., EMSL Analytical Inc., Eurofins Scientific SE, FoodChain ID Group Inc., Intertek Group Plc, Merieux NutriSciences Corp., Microbac Laboratories Inc., Neogen Corp., RJ Hill Laboratories Ltd., Romer Labs Division Holding GmbH, Campden BRI, and PerkinElmer Inc. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Market Driver The Food Safety Testing Market is a critical sector focusing on ensuring the safety and quality of food production. Trends include microbiological analysis for Listeria, mould, and pathogens to prevent food poisoning outbreaks. Consumer interests demand rigorous testing for ingredients and potential contaminants like mould, bacteria, viruses, pesticides, heavy metals, and chemical residues. Farm to table safety standards are essential, with in-house laboratories requiring physical space, specialized equipment, and staffing. Client scrutiny and hidden costs are challenges, but new technologies like gas chromatography and mass spectrometry offer solutions. Allergen testing for nuts, gluten, and soy is crucial for food allergies. Public health and foodborne illnesses depend on continuous testing methodologies. The food supply chain's safety and quality are paramount for the food future. Food manufacturing companies are increasingly adopting robots to address rising labor costs, employee health issues, and high costs associated with food safety and hygiene compliance. Initially, robots were used primarily for palletizing and packaging. However, their use has extended into production and picking. Robots offer several advantages in managing food safety. They can work in severe environments, such as extremely low temperatures for frozen foods, without compromising speed or reliability. Additionally, robots minimize human contact with food products, reducing the risk of food contamination caused by norovirus outbreaks through infected employees. The food safety testing market is expected to grow as more companies invest in robotics technology to ensure food safety and maintain regulatory compliance. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! The Food Safety Testing Market faces numerous challenges in ensuring the safety and quality of food production. Microbiological analysis is crucial to detecting microbes like Listeria, Mould, and pathogens that cause food poisoning outbreaks. Ingredients and their sources must be scrutinized for potential contaminants such as molds, bacteria, viruses, pesticides, heavy metals, and chemical residues. Food production facilities require an in-house laboratory with specialized equipment and staffing to conduct tests. Client scrutiny and public health concerns demand adherence to safety and quality standards. Hidden costs, such as new technologies and safety certifications, add to the financial burden. Farm-to-table food production requires testing methodologies at every stage, from farm to table. Foodborne illnesses, caused by food allergens like nuts, gluten, and soy, necessitate specialized allergen testing. Social media and consumer interests demand transparency and accountability. The food supply chain must adapt to meet these challenges, ensuring a safe and healthy food future for all. Food safety testing is a crucial aspect of ensuring the quality and safety of the global food supply. In developed countries, reliable food safety tests are readily accessible, yet affordability and accessibility remain significant challenges in developing nations. The high burden of food contamination in these regions necessitates the need for affordable and locally produced food safety testing equipment and systems. However, implementing these solutions faces various obstacles, such as insufficient infrastructure and workforce. For instance, the Delhi Food Safety Department in India lacks the necessary resources to meet testing requirements. To address these challenges, outsourcing and local production of food safety testing solutions could be viable strategies. Despite the potential benefits, the implementation of these practices comes with far-reaching consequences, including the impact on the health and wellness of people in these countries. Discover how AI is revolutionizing market trends- Get your access now! This food safety testing market report extensively covers market segmentation by 1.1 Meat and poultry 1.2 Fruits and vegetables 1.3 Processed foods 1.4 Dairy 1.5 Others 2.1 Rapid 2.2 Traditional 3.1 North America 3.2 Europe 3.3 Asia 3.4 Rest of World (ROW) 1.1 Meat and poultry- The meat and poultry segment holds a substantial share in the global food safety testing market in 2023 due to the high-risk nature of these food categories. Meat and poultry manufacturers face frequent recalls and safety scandals, necessitating stringent food safety measures. Various food testing solutions are employed, including meat identification using ELISA, freshness control using the quality index method and organoleptic checks, identification of heavy metals, pesticides, and biotoxins, and microbiological tests. Microbiological tests detect organisms such as coliforms, enterobacter species, staphylococcus, lactic acid bacteria, yeast, mold, and pathogens like salmonella, campylobacter, listeria, and E. Coli. Chemical tests identify contaminants like pesticides, antibiotics, veterinary residues, and heavy metals. To comply with stricter safety regulations, manufacturers must ensure product safety from farms to distribution centers. Vendors like NEOGEN provide solutions for environmental contaminants, veterinary drugs, and allergen testing plans. Programs like the US National Residue Program, administered by the FSIS, identify and analyze chemical contaminants in meat and poultry products. These factors boost the demand for food testing solutions, fueling the growth of the global food safety testing market. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis The Food Safety Testing Market plays a crucial role in ensuring the safety and quality of food products for consumers. Food companies conduct various food safety tests to detect microbes such as Listeria, Mould, and pathogens that can cause food poisoning outbreaks. Microbiological analysis is a significant part of food safety testing, which helps in identifying contaminants in ingredients and finished products. Food production facilities prioritize food safety to protect consumer interests and prevent quality issues. Social media and client scrutiny have increased the importance of food safety, making it essential for food companies to maintain a clean and safe production environment. An in-house laboratory with specialized equipment and staffing is necessary for timely and accurate testing. Turnaround time requirements and hidden costs are critical factors that food companies consider when choosing a food safety testing provider. New technologies, such as rapid testing methods and automation, are transforming the food safety testing landscape. Safety, quality, food consumption, testing methodologies, and consumer interests are all interconnected, emphasizing the importance of food safety testing program. Market Research Overview The Food Safety Testing Market encompasses various analyses to ensure the safety and quality of food products. Microbiological analysis is a significant aspect, focusing on detecting microbes like Listeria, Mould, and pathogens linked to food poisoning outbreaks. Food production processes face numerous challenges, from consumer interests in food safety and quality to the potential for hidden costs and client scrutiny. New technologies, such as in-house laboratories with specialized equipment and staffing, are essential to meet these demands. Farm to table, from ingredients to finished products, food safety is paramount. Safety and quality issues can lead to foodborne illnesses, which pose a threat to public health. Contaminants, including chemical residues, pesticides, heavy metals, additives, and allergens, require rigorous testing. Technologies like Gas Chromatography, Mass Spectrometry, and Allergen testing help identify these contaminants. Food supply chain transparency is crucial to maintaining consumer trust, especially in the era of social media. Microbiological testing focuses on bacteria, viruses, and molds, while chemical residue testing targets pesticides, heavy metals, and additives. Allergens like nuts, gluten, and soy must be identified to cater to the growing number of food allergies. Ensuring food safety and quality is a continuous process, essential for the food industry's future. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Type Meat And Poultry Fruits And Vegetables Processed Foods Dairy Others Technology Rapid Traditional Geography North America Europe Asia Rest Of World (ROW) 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE TechnavioSan Diego federal judge nominee now a political pawn in run-up to Trump inaugurationFifth Third Wealth Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. ( NYSE:JPM ) by 20.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,288 shares of the financial services provider’s stock after buying an additional 15,334 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.2% of Fifth Third Wealth Advisors LLC’s investment portfolio, making the stock its 12th largest holding. Fifth Third Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $19,038,000 as of its most recent filing with the Securities and Exchange Commission. Several other institutional investors and hedge funds have also recently bought and sold shares of JPM. Accredited Investors Inc. increased its stake in JPMorgan Chase & Co. by 4.9% during the 2nd quarter. Accredited Investors Inc. now owns 14,174 shares of the financial services provider’s stock valued at $2,867,000 after buying an additional 667 shares during the period. Sunburst Financial Group LLC increased its stake in shares of JPMorgan Chase & Co. by 5.0% during the second quarter. Sunburst Financial Group LLC now owns 5,651 shares of the financial services provider’s stock valued at $1,143,000 after acquiring an additional 268 shares during the period. Sageworth Trust Co raised its holdings in JPMorgan Chase & Co. by 37.9% during the third quarter. Sageworth Trust Co now owns 2,860 shares of the financial services provider’s stock worth $603,000 after purchasing an additional 786 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in JPMorgan Chase & Co. by 16.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 692,809 shares of the financial services provider’s stock worth $143,594,000 after purchasing an additional 95,461 shares in the last quarter. Finally, Czech National Bank lifted its position in JPMorgan Chase & Co. by 7.6% in the second quarter. Czech National Bank now owns 547,224 shares of the financial services provider’s stock worth $110,682,000 after purchasing an additional 38,548 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock. JPMorgan Chase & Co. Price Performance NYSE JPM opened at $248.55 on Friday. The company has a 50 day simple moving average of $223.14 and a 200-day simple moving average of $211.90. JPMorgan Chase & Co. has a 52-week low of $152.71 and a 52-week high of $249.15. The firm has a market capitalization of $699.75 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 3.55 and a beta of 1.10. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. JPMorgan Chase & Co. Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.01%. The ex-dividend date was Friday, October 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.82%. Analyst Upgrades and Downgrades A number of research firms have recently commented on JPM. Daiwa Capital Markets dropped their price objective on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Oppenheimer cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Barclays lifted their price objective on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Royal Bank of Canada increased their target price on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, Citigroup lifted their price target on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average price target of $229.31. Read Our Latest Stock Analysis on JPM JPMorgan Chase & Co. Profile ( Free Report ) JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking. Featured Articles Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. ( NYSE:JPM – Free Report ). Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter .

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With the S&P 500 and Nasdaq Composite both regularly setting new all-time highs in 2024, it's harder to find promising tech stocks at attractive valuations. Market darling Nvidia already trades at 37 times forward earnings, while blue-chip stalwart Apple has a forward multiple of 31. But if we dig deeper, we can find some healthy tech stocks that still look like bargains. For instance, these three cheap stocks -- Micron Technology ( MU -0.12% ) , Dell Technologies ( DELL 3.81% ) , and Cisco Systems ( CSCO 1.72% ) -- are likely to go higher. Here's why. 1. Micron Technology Micron is a leading producer of DRAM and NAND memory chips. It doesn't lead either of those markets, but it generally produces denser chips than its larger competitors. The memory chip market is highly cyclical, and its latest downturn occurred in 2023 as the PC market cooled off, the 5G upgrade cycle in smartphones ended, and many data center companies prioritized purchases of AI-oriented GPUs over new memory chips. In Micron's fiscal 2023 (which ended in August 2023), its revenue tumbled by 49% and it posted an adjusted net loss. But over the past year, a new growth cycle kicked off as the PC and smartphone markets stabilized. Data center operators also finally looked beyond GPUs and began boosting their purchases of solid-state drives (SSDs) and high-bandwidth memory (HBM) chips to support new AI applications. In fiscal 2024, Micron's revenue rebounded by 62% and it turned profitable again. For fiscal 2025, analysts expect Micron's revenue and adjusted EPS to grow 52% and 587%, respectively, as the growth cycle accelerates. Based on those expectations, Micron's stock looks dirt cheap at 12 times forward earnings. Its growth will eventually cool off again, but this could be a great time to open a new position. 2. Dell Technologies Dell, which returned to the public markets nearly six years ago, sells a wide range of PCs, PC peripherals, servers, and data storage products. Its PC business cooled off as fewer people bought new devices for remote work, and macro headwinds throttled the growth of its data storage business in the enterprise market. That's why Dell's revenue and adjusted EPS fell 14% and 6%, respectively, in its fiscal 2024 (which ended in February). But for fiscal 2025, analysts expect its revenue and adjusted EPS to both grow by about 10% as the PC market stabilizes, data centers upgrade their storage devices, and it ramps up its production of dedicated AI servers. Dell generated 12% of its revenue from dedicated AI servers in its latest reported quarter, and it expects that business to drive most of its near-term growth. Super Micro Computer 's recent problems could also drive even more AI server orders to Dell. Dell isn't a high-growth AI stock, but it's a bargain at 14 times forward earnings. That low valuation could set it up for a bull run as its growth accelerates again. It also pays a dividend that yields a decent 1.3% at the current share price. 3. Cisco Systems Cisco is one of the world's largest networking hardware and software companies. Its hardware business struggled with supply chain constraints in its fiscal 2022 (which ended in July 2022), but most of those issues receded in fiscal 2023, when its revenue and adjusted earnings grew by 11% and 16%, respectively. But in fiscal 2024, Cisco's revenue and adjusted EPS declined by 6% and 4%, respectively. Many of its larger enterprise, service provider, and cloud computing customers -- which had aggressively ramped up their hardware purchases after Cisco resolved its supply chain issues -- ended up with more products than they could deploy. That surplus, in combination with the macro headwinds, led to a significant slowdown in their orders from Cisco. However, for fiscal 2025, analysts expect Cisco's revenue to rise by 4% as its adjusted EPS dips 2%. Its business should gradually stabilize as its inventory issues fade and the growth of the AI market drives data center operators to further upgrade their infrastructure. Like Dell, Cisco isn't an exciting growth stock. But it looks cheap at 16 times forward earnings, it distributes a dividend that yields an attractive 2.8% at current prices, and its top line is gradually accelerating again. That makes it a great pick for bargain-seeking investors who also want a little exposure to the AI market.

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The Cincinnati Bearcats men's basketball team has gotten off to a fast start this season in more ways than one. The No. 16 Bearcats have raced to a 5-0 record while outscoring their opponents by more than 31 points per game, with just one team (Northern Kentucky) coming within 16 points. Cincinnati is averaging a robust 87 points per game with one of the more efficient offenses in college basketball. Cincinnati will look to continue that hot streak when it plays host to Alabama State in nonconference action Wednesday evening. Cincinnati has punished opposing defenses in a variety of ways this season. Despite being the No. 14 offense in the nation in Ken Pomeroy's efficiency ratings, the Bearcats aren't among the nation's leaders in pace. Still, they take advantage of those opportunities when they are there. "Us playing fast is something we want to do," Cincinnati forward Dillon Mitchell said. "When I was being recruited here, that was something Coach (Wes) Miller wanted to do. "There could be games where we're not making shots or something is off, but one thing is we're gonna push the ball, play hard and play fast. That's something he preaches. We'll be in shape and get rebounds." Mitchell is fresh off a double-double with 14 points and 11 rebounds in Cincinnati's 81-58 road win at Georgia Tech Saturday. He is one of four Bearcats to average double figures in scoring this season. That balance was on display once again against the Yellow Jackets, with Connor Hickman and Jizzle James also scoring 14 points each and Simas Lukosius contributing 12 points. In that game, Cincinnati sank 51.6 percent of its shots while regularly getting out into transition with 16 fastbreak points, while winning the rebounding battle 36-29. "Any time you get a road win over a quality, Power 4 team, you're gonna feel good about it," Miller said. "I was pleased with our effort." Lukosius is scoring 16.6 points per game, while James is at 14.0 points, followed by Mitchell at 12.4, while he also grabs a team-best 8.6 rebounds. Alabama State (3-3) has a tough task ahead, especially when considering its 97-78 loss at Akron Sunday, which ended a three-game winning streak. The Hornets allowed the Zips to shoot 46.4 percent from the field and were 53-32 in the rebounding battle. Alabama State gave up a season high in points, after playing the likes of LSU and UNLV earlier this season. Akron standout Nate Johnson lit up Alabama State for 25 points, as the game got away from the Hornets in the second half to keep them winless in true road games. Alabama leading scorers CJ Hines and TJ Madlock still got theirs against Akron, scoring 19 and 17 points, respectively. They were joined in double figures by reserve Tyler Mack (18 points), but recent history says they'll need more help to keep up with the Bearcats. Hines leads the Hornets with 15.7 points per game, while Madlock contributes 14.5 points. In previous Akron Basketball Classic wins last week against Omaha and Lamar, Alabama State featured at least four double-digit scorers in each game. --Field Level Media