Global Food Safety Testing Market Size to Grow at a CAGR of 8% in the Forecast Period of 2022-2027
The ‘Global Food Safety Testing Market Size, Report and Forecast 2022-2027’ by Expert Market Research gives an extensive outlook of the global food safety testing market, assessing the market on the basis of its segments like testing methods, technologies, food types, and major regions.
Food Safety Testing Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 8%
• Forecast Market Size (2027): USD 31 billion
|Revenue Forecast in 2027||USD 31 billion|
|Growth Rate CAGR||8%|
|Major Players||SGS Group, Bureau Veritas S. A., Eurofins Scientific, Intertek Group plc, ALS Limited.,|
NSF International, and Neogen Corporation, among others.
The growing demand for safe food around the world is accelerating the application of food safety testing methods across the food and beverage industry. Food safety testing is accurate, specific, and can be facilitated at low costs. The increasing awareness pertaining to the financial losses incurred by the food safety issues is a crucial market driving factor.
The increasing prevalence of food-borne diseases is further fuelling the food safety testing market. Cases of Salmonella and Clostridium Perfringens are on the rise at a global level which are gathering attention. According to the World Health Organisation, around 200 diseases can be caused by consuming unsafe food.
Meanwhile, the nutritional testing segment is anticipated to gain traction in the forecast period due to the increasing inclination towards premium packaged nutritional food products.
Over the forecast period, the anticipated increase in demand for high quality fruits and vegetables and meat and poultry products is likely to increase the emphasis on food safety, bolstering the global food safety testing market.
Food Safety Testing Industry Definition and Major Segments
Food safety testing refers to the process of using microbiological or chemical techniques to analyse food. Food safety testing is carried out to ensure that food is free from harmful disease-causing pathogens such as fungi, viruses, and bacteria, among others. Moreover, food safety testing can prevent diseases caused by the consumption of contaminated food.
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Based on testing method, the market can be segmented into:
• Chemical Testing
• Physical Testing
• Nutritional Testing
• Food Sensory Analysis
• Microbiological Testing
• Allergen Testing
On the basis of technology, the market is classified into:
• Traditional Technology
• Rapid Technology
Based on food type, the market can be categorised into:
• Dairy Products
• Fruits and Vegetables
• Seafood, Meat, and Poultry
• Processed Food
• Cereals and Grains
On the basis of region, the market can be categorised into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Food Safety Testing Market Trends
The key trends in the global food safety testing market include the favourable initiatives of governments worldwide aimed towards improving the access to clean and sustainable food supplies. For instance, the Food Safety System Certification (FSSC) and the United States FDA Food Safety and Modernisation Act (FSMA), and are motivating retailers and food service companies to enhance food safety standards.
The growing demand for clean-labelled dairy and seafood products, further augmented by the e-commerce industry, is another crucial trend in the market. This is leading to a greater emphasis on traditional and rapid technology to cope with the increasing food safety standards.
In the geographical terms, North America is a leading market for food safety testing due to frequent cases of good poisoning and greater demand for food safety accountability by consumers. Europe accounts for a considerable share in the food safety testing market. High food safety testing standards across developed economies such as Germany, France, and the United Kingdom, among others, are leading to the addition of great market numbers in the region.
Key Market Players
The major players in the Global Food Safety Testing Market are :
- SGS Group
- Bureau Veritas S. A.
- Eurofins Scientific
- Intertek Group plc
- ALS Limited.
- NSF International
- Neogen Corporation
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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