Global Food Safety Testing Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global food safety testing market in its upcoming report titled, “Global Food Safety Testing Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global food safety testing market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global food safety testing market report has been segmented on the basis of contaminant tested, technology food tested, and region.
Food safety is a process of handling, preparing, and storing food in a way to reduce the risk of foodborne illnesses among individuals. Food safety includes various guidelines and measures to be followed to avoid related health hazards from food. It ensures that the food items are contaminated with potentially harmful bacteria, parasites, viruses, toxins and chemicals. Various regulatory bodies such as The Food and Drug Association (FDA) and World Health Organization (WHO) made it mandatory to implement food safety testing methods and regulations in order to avoid food poisoning and food contaminations.
Increasing number of outbreaks of diseases caused by food contamination, and technological advancements for food safety testing methods are major factors expected to drive growth of the global market. In addition, rising individual awareness regarding the usage of safe food products is another factor expected to fuel growth of the target market over the forecast period. Moreover, increasing concerns of food security and sustainability resulting into high investment by governments especially in developing economies is another factor expected to impel growth of target market in the near future.
However, lack of infrastructure for food administration is a key factor expected to restrain growth of the global market over the forecast period. In addition, lack of awareness among individuals regarding hazardous effects of avoiding food safety tests is another factor expected to hamper growth of this market in the near future.
Ongoing trend observed in the market is continued food safety modernization act (FSMA) rippling across the globe. In addition, increasing investment on R&D activities, and rising government regulations expected to create potential opportunities to identify benefits of food testing service for increasing global food production.
The market in North America dominates the global market in terms of revenue and is expected to continue its dominance over the forecast period, owing to governments regulations for food safety especially in US and Canada in the region. The market in Asia Pacific is projected to have highest growth in terms of CAGR, owing to increasing urban population, rising food safety concern among individuals and government initiatives.
Global food safety testing market segmentation:
Segmentation by contaminant tested:
- Others (food allergen and heavy metals)
Segmentation by technology:
Segmentation by food tested:
- Meat & poultry
- Dairy products
- Processed food
- Fruits & vegetables
- Others (cereals & grains)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Bio-Rad Laboratories, Inc.
- Intertek Group plc.
- SGS SA
- Eurofins Scientific SE
- Thermo Fisher Scientific, Inc.
- ALS Limited
- Covance Inc.
- AsureQuality Ltd.
- Bureau Veritas SA
- Scientific Analysis Laboratories Limited
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