Food Safety Testing Market Growth and Forecast to 2025
Posted by shanigaram karthik on February 24th, 2020
The global food safety testing market is expected to grow from US$ 17.7 billion in 2018 to US$ 24.9 billion in 2025, with a compound annual rate of 7.7% during the forecast period. Food certification procedures to ensure the safety of causing foodborne illness and reduce the threat of contamination are evidence of food safety. Food safety tests are an essential process to maintain food quality and safety. Governments around the world have greatly expanded their emphasis on food security. The development of the global food industry is based on food testing mechanisms. Inadequate food analysis mechanisms may increase the risk of foodborne illness.
In April 2018, SGS acquired Oleotest NV to provide chemical testing services for food, feed and agricultural products. The acquisition is expected to strengthen the leading position in the farming and food testing sector in Belgium by allowing the company to enter the complementary industry for chemical analysis.
Market Drivers and Restraints:
The main driver of the global food safety testing market is the increase in microbial contamination of food. Inappropriate use of technology in instant food production, increasing chemical contamination in the food processing industry, will increase the demand for products on the market during the forecast period. Factors such as changes in lifestyle and the growing popularity of fast-service restaurants are likely to require safety testing of edible products as demand for packaging and processed foods increases in developed and developing countries. In addition, the growing demand for quality testing of processed and unprocessed meat is foreseen to drive the growth of the global food safety testing market.
The market for food safety tests is gaining importance due to the occurrence of foodborne diseases worldwide. Also, increasing global food opportunities, rising cases of error in food labels, strict government regulations and regulations on food analysis mechanisms can revitalize the food safety analysis market.
Lack of awareness about food security and inadequate government regulation, not only in developing countries but also in several developing countries, will hinder the growth of this market.
Report Segmented as:
The market for food safety testing is broken down by technology, contaminants, applications and region.
Based on technology, the market is divided into traditional technology and fast technology. Traditional technology requires a lot of work and a lot of time, so quick technology dominated the global food safety testing market.
The contaminants in the food test market are pathogens, toxins, GMOs, pesticides, etc. Of all contaminants, pathogens lead to an increase in foodborne illnesses than others.
Meat and poultry, dairy products, processed foods, fruits and vegetables are applications in the global food safety testing market. The meat and poultry sector has the largest market share due to the higher number of diseases due to increased consumption of red meat and poultry products.
Geographically, the global food safety testing market is divided into North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.
North America was leading the food safety testing market followed by Europe. In North America, Canada is the most significant contributor of income to the regional food safety testing market due to strict regulations for food testing. The Asia-Pacific region is predicted to experience substantial growth in the coming years. The Middle East and Africa are emerging markets in the food safety testing market due to consumer awareness and the occurrence of food poisoning in the area.
Key market players:
Some of the key players in the global food safety products market and in the food safety testing market are 3M Company, Biocontrol Systems Incorporated, Roka Bioscience IDDEX Laboratories INC, Agilent Technologies Incorporated, Bio-Rad Laboratories Incorporated, Douglas Scientific and Ecolab Incorporated.
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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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About the Authorshanigaram karthik
Joined: June 19th, 2019
Articles Posted: 71
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