Growth Opportunities in the Food Safety Testing Market look promising over the next six years. This is mainly due to the strong demand for packaged food and convenience products among consumers, rising awareness associated with food safety among consumers, the rising disposable income, the growing popularity of quick-service restaurants, and the shift in the lifestyle of the individual.
Food Safety Testing Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The growth in the chemical contamination in food processing sectors and the increase in the number of global outbreaks of foodborne disease due to the improper usage of technologies in the production of ready to eat meals and globalization in food trade worldwide are the key drivers surging the growth of the food safety testing market size. The strong demand for packaged food and convenience products among consumers will further surge the growth of the food safety testing market share in terms of revenue. Additionally, the rising awareness associated with food safety among consumers, followed by the rising disposable income, will further fuel the growth of the food safety testing market in the upcoming years. The growing popularity of quick-service restaurants, along with the shift in the lifestyle of the individual, will further bolster the demand for the market. According to the food safety testing market analysis, the stringent regulations regarding food safety and availability of advanced rapid technology will stimulate the growth of the food safety testing market. On the other hand, improper enforcement of regulations regarding food safety and limited food control infrastructure in developing countries will hamper the growth of the market during the forecast period.
Technology Segment Drivers
Based on the technology, rapid technology is projected to rise at a higher CAGR in the coming years due to technological advancements, increased accuracy, and the capability to test several ranges of contaminants compared to traditional technology. Rapid technology is categorized into polymerase chain reaction (PCR), convenience-based, immunoassay, and chromatography & spectrometry Convenience-based aid in the identification of microorganisms based on biochemical reactions, which will energize the growth of the market during the forecast period.
Regional Drivers
Based on the region, Europe is predicted to grow at a higher CAGR during the forecast period due to the growing preference for processed and ready-to-eat products among consumers. Furthermore, the strict government regulations in decreasing the impact of foodborne disease will further augment the growth of the market. On the other hand, Asia-Pacific is projected to dominate the market in the coming years due to rapid economic development, growing population growth, increasing consumer spending on foods, and enhancement in the standard of living in developing countries like China, India, and Japan in the food safety testing market. In addition to this, the rising per capita consumption of meat will further stimulate market growth.
Food Safety Testing Market’s leading Manufacturers:
- SGS SA
- Eurofins Scientific SE
- Intertek Group plc
- Bureau Veritas SA
- ALS Limited
- Neogen Corporation
- Covance Inc.
- Microbac Laboratories, Inc.
- Foodchain ID, Inc.
- TÜV SÜD
- AsureQuality Ltd.
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)
About GMI Research
GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company’s large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird’s eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
