Food Safety Testing Market:
Growth opportunities in the food safety testing market look promising over the next six years. This is mainly due to the rise in the number of global outbreaks of foodborne disease, increase in chemical contamination in food processing industries, escalating demand for packaged foods, and increasing awareness regarding food safety among consumers along with the hike in disposable income.
Food Safety Testing Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The key factors fuelling the growth of the global food safety testing market size include a hike in the global outbreaks of foodborne disease, rising chemical contamination in food processing industries because of inaccurate use of techniques in the production of ready to eat meals, and globalization in food trade across the globe.
As per the food safety testing market analysis, the raised demand for packaged food and convenience products among consumers is further expected to augment the global food safety testing market. In addition to the increasing awareness regarding food safety among consumers and strict regulations related to food safety will expand the growth of these markets. The changing lifestyle of people and the growing popularity of quick serve restaurants will further escalate the demand for food safety in the global markets.
However, inaccurate enforcement of rules concerned with food safety and lack of food control infrastructure in emerging economies may curb the global food safety testing market in upcoming years.
Technology Segment Drivers
Based on the technology, rapid technology is augmented to grow at a faster CAGR over the forecast period because of technological improvements, the competence to test a varied range of contaminants as compared to traditional technology, and greater accuracy. Rapid technology is further divided into convenience-based polymerase chain reaction (PCR), immunoassay, and chromatography & spectrometry. Convenience-based help in the detection of microorganisms based on biochemical reactions which will prosper the growth of global food safety testing market.
Regional Drivers
Based on the region, Europe is augmented to capture the largest market share in the global food safety testing market over the forecast period owing to the rising preference for processed and ready to eat products among consumers. In addition, strict government norms in reducing the impact of foodborne disease will expand the food safety testing market in this region. Asia-pacific is expected to experience a higher growth during the forecast period owing to the factors like rising consumer spending on foods, economic development, advancement in the standard of living economies such as India, China, and Japan in the food safety testing market in this region, and rising consumer spending on foods. Also, growing per capita consumption of meat will further drive the food safety testing market in this region.
Food Safety Testing Market’s leading Manufacturers:
- Neogen Corporation
- Intertek Group plc
- SGS SA
- Covance Inc
- Eurofins Scientific SE
- Microbac Laboratories Inc
- AsureQuality Ltd
- Bureau Veritas SA
- ALS Limited
- Foodchain ID Inc.
- TUVSUD
Food Safety Testing Market Segmentation:
Segmentation by Target tested:
- Pathogens
- coli
- Salmonella
- Campylobacter
- Listeria
- Others
- GMOs
- Pesticides
- Toxins
- Allergens
- Heavy Metals
- Others
Segmentation by Technology:
- Traditional
- Rapid
- Convenience-based
- Polymerase Chain Reaction (PCR)
- Immunoassay
- Chromatography & Spectrometry
Segmentation by Food tested:
- Meat, Poultry & Seafood
- Dairy Products
- Processed Food
- Fruits & Vegetables
- Cereals & Grains
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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