Global Food Safety Testing Market Overview:
According to MarkNtel Advisors study the Global Food Safety Testing Market size was valued at around USD 19.5 billion in 2023 & is expected to grow at a CAGR of around 7.90% during the forecast period, i.e., 2024-30. The growth of the market is projected to be driven mainly by rising consumer concerns over food safety, the mounting incidence of foodborne diseases, significant improvements in inspection technologies, and the growing contamination of various food products. Besides, the implementation of stringent rules by different regulatory bodies worldwide on food safety to minimize the adverse effects of contaminated food is another prominent aspect expected to boost the Food Safety Testing Market share in the forecast years.
Key Findings of the Study: Food Safety Testing market
Global Food Safety Testing Market Possible Restraint:
High Costs of Testing Equipment and Lack of Skilled Technicians – Food safety testing is paramount to ensuring public health. For toxicity & contaminant detection in various food products, automated testing systems integrated with advanced features & functionalities are used, which are highly reliable. However, their initial costs and infrastructure requirements are on the higher side. In addition, rigorous R&D activities and the continuous need for accuracy & reliability of test results are further accelerating the price of these machines. Moreover, skilled technicians are also needed to operate these systems. Hence, developing countries with weak economies suffer immensely, owing to high equipment costs and lack of infrastructure required for food safety testing. These aspects are hindering the growth of the global market.
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Scope of the Food Safety Testing Market Report Segmentation
-By Testing Type
- Allergen Testing- Market Size & Forecast 2019-2030, USD Million
- Residues and Contamination Testing- Market Size & Forecast 2019-2030, USD Million
- GMO Testing- Market Size & Forecast 2019-2030, USD Million
- Mycotoxin (Fungi) and Microbiological Testing- Market Size & Forecast 2019-2030, USD Million
- Pathogen Testing- Market Size & Forecast 2019-2030, USD Million
- Toxic Heavy Metals Testing- Market Size & Forecast 2019-2030, USD Million
- Others (Chemical or Nutritional Testing) – Market Size & Forecast 2019-2030, USD Million
-By Technology
- Traditional Technology- Market Size & Forecast 2019-2030, USD Million
- Rapid Technology – Market Size & Forecast 2019-2030, USD Million
-By Application
- Food- Market Size & Forecast 2019-2030, USD Million
- Beverages- Market Size & Forecast 2019-2030, USD Million
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Geographical analysis:
-By Region
- North America
- South America
- Europe
- Asia-Pacific
- Middle East & Africa
North America leads the Food Safety Testing sector and is anticipated to hold the largest market share during the forecast period. The dominance of this region on the global scale can be attributed to several factors such as rising awareness and increasing risk management. Additionally, the emerging cyber threats propelled the need for cybersecurity favoring more insurance coverage plans. Moreover, the regulatory Of all regions globally, North America holds a noteworthy share of the Global Food Safety Testing Market. It owes primarily to stringent regulations on food safety implemented by the regulatory bodies, the rapidly increasing production & consumption of packaged food, which makes safety testing crucial during every stage of food production, coupled with the rising incidence of foodborne diseases, especially in the US & Canada.
Global Food Safety Testing Industry Recent Developments
- On 17 April 2023, SGS S.A. announced giving certifications to Medjool Village, Jordan’s largest vertically integrated grower, packer & exporter of Medjool dates, for BRCGS Global Food Safety Standard. This new addition is on top of ISO 9001 & FSSC 22000 certifications, which has once again demonstrated Medjool Village’s commitment to food quality & safety.
- On 2 May 2022, Bureau Veritas, a global leader in TIC (Testing, Inspection, & Certification) services, announced the opening of its third US microbiology laboratory in Reno, Nevada, which offers rapid pathogen testing & microbiology indicator analyses to ensure the safety of food & agriculture commodities.
Current Landscape of Food Safety Testing Market
The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the Food Safety Testing market. The research report profiles major players, including
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- The 3M Company
- Agilent Technologies
- ALS
- Bio-merieux SA
- Bio-Rad Laboratories
- Bureau Veritas
- Eurofins Scientific
- Genetic ID NA Inc
- Intertek Group
- Merck Group
- Merieux NutriSciences
- Neogen Corporation
- Qiagen Corporation
- SGS S.A.
- Others
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