Food Safety Testing Market Overview:
MRFR’s global food safety testing market research report asserts that the market is projected to register a CAGR of 8.4% and reach USD 16.8 Million by 2030.
Food Safety Testing Market Highlights:
During the forecast period, the global Food Safety Testing Market is expected to register a notable growth rate. This is due to an increase in demand for convenience and packaged food products, an increase in outbreaks of chemical contamination in the food processing industry, and an increase in awareness of food safety among consumers. Nevertheless, the growth of global foodborne disease outbreaks and globalization in the food trade are driving the need for food safety testing services. Increases in cases of chemical contamination in the food processing industry due to improper use of ready-to-eat meal production techniques are likely to boost market demand for products over the forecast period. Due to factors such as changing habits and the rising success of fast-service restaurants, increased demand for prepared and frozen food in developed and emerging economies is projected to fuel the need for safety testing of edible goods. The increasing demand for quality checks for processed and unprocessed meats is also projected to fuel the growth of the market for food safety testing.
The need for food safety testing is supported by an increased incidence of food-borne diseases worldwide and the introduction of tight food safety regulations. However, insufficient infrastructure funding in developed countries is limiting business expansion. Focusing on the production of emerging fast technology presents industry leaders with attractive growth opportunities.
Competitive Dashboard:
The eminent Players in the Global Food Safety Testing Companies include SGS SA (Switzerland), Microbac Laboratories, Inc. (US), Eurofins Scientific (Luxembourg), Bureau Veritas (US), Intertek Group plc (UK), ALS Limited (Australia), AsureQuality Ltd. (New Zealand), Neogen Corporation (US), TÜV SÜD (Germany), and ADPEN Laboratories Inc. (US).
Players operating in the global food safety testing market are focusing on strengthening their geographic footprints by expansion and launching innovative products.
Food Safety Testing Market Segmental Analysis:
The global food safety testing market has been split into milk products, cereals & grains, beef, poultry & seafood products, frozen foods, fruits & vegetables, and others based on the food category.
The industry has been segmented into parasites, pesticides, pollutants, GMOS, and others dependent on contaminants.
The market has been segmented into traditional and rapid, based on technology.
Regional Overview:
During the projected period, North America is projected to represent a commanding proportion of the Food Safety Testing Companies industry. In 2018, the region accounted for a 39.83 percent market share. Among the main contributors to the development of the market in North America is the US. During the forecast period from 2022 to 2030, the demand in the area is expected to register a substantial CAGR of 8.4 percent. Changes in eating habits, widespread outbreaks of foodborne pathogens, developments in the science of food safety, and the detection of new threats have resulted in government bodies such as the FSIS taking numerous steps. These agencies have helped to reduce food-borne disease outbreaks, thus reducing the pressure on the healthcare sector. Such factors are expected to affect the growth of the global food safety testing market in North America during the forecast period.
Moreover, because of the growing accumulation of foodstuffs, the European market holds a significant share of the global food safety testing market.
During the forecast era, the Asia Pacific region is expected to be the fastest growing sector. Business development is due to increasing foreign trade that includes food safety checks to conform with regulatory requirements. Governments from different countries in the region have placed in place diverse laws to ensure food protection and consistency for customers, suppliers, and regulators, which in turn drives the food safety testing industry.
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