Food Safety Testing Market Size, Share | Global Industry Forecast 2027

 

Food Safety Testing Market

The Food Safety Testing Market is expected to reach USD 30,687 million by the end of 2027, growing at a CAGR of 7.3% over the forecast period (2020-2027).

The factors driving the growth of Food Safety Testing Market includes prevalence of foodborne diseases around the world, growing demand for ready to eat food products, strict regulations imposed by Government regarding food safety. According to the report published by Bloomberg, the Global Ready-to-Eat Food Market is calculated around USD 1,073.87 billion for 2022 and is expected to reach USD 1,471.94 billion by the end of 2028, growing at a CAGR of 5.4% over the forecast period (2022-2028), which will boost the Global Food Safety Testing Market in the approaching years. Moreover, rise in the number of quick-service restaurants, technological innovations in the testing industry, increase in the food production and growing investments by leading players on research and development, are some of the additional factors supplementing the Food Safety Testing Market size. As per the Food and Agriculture Organization of the United Nations (FAO), the global food production is anticipated to rise by 70% by the end of 2050, which is expected to boost the market growth in the coming years.

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However, the growth of Food Safety Testing Market is hindered owing to complexity in testing procedures.

The leading players operating in the market are Microbac Laboratories, Inc., Foodchain ID, Inc., TÜV SÜD, SGS SA, Eurofins Scientific SE, Intertek Group plc, Neogen Corporation, Covance Inc., AsureQuality Ltd., Bureau Veritas SA and ALS Limited, among others.

Target Tested: Segment Analysis

As per the Food Safety Testing Market Report, the GMOs segment is projected to expand at a remarkable CAGR over the forecast period owing to rise in the production of GMO edible products worldwide.

Technology: Segment Analysis

Based on Technology, the Rapid is predicted to grow at a significant CAGR during the forecast period because the chromatography & spectrometry and Convenience based technologies helps to detect microorganisms based on biochemical reactions.

Food Tested: Segment Analysis

Based on Food Tasted, the Meat, Poultry & Seafood segment is anticipated to hold the highest market share over the forecast period attributed to rise in the consumption of crustaceans, marlin, and lobsters across the globe.

Regional: Segment Analysis

Based on Region, the European region is estimated to capture the largest market share during the forecast period. Strict regulations imposed by Government pertaining food safety, growing demand for packaged food products, rapid industrialization, increase in the number of foodborne diseases, improved living standards and high disposable incomes, are some of the important factors propelling the market growth in Europe.

Market Segmentation

Segmentation by Target Tested

  • Pathogens
    • coli
    • Salmonella
    • Campylobacter
    • Listeria
    • Others
  • GMOs
  • Pesticides
  • Toxins
  • Allergens
  • Heavy Metals
  • Others

Segmentation by Technology

  • Traditional
  • Rapid
    • Convenience-based
    • Polymerase Chain Reaction (PCR)
    • Immunoassay
    • Chromatography & Spectrometry

Segmentation by Food Tested

  • Meat, Poultry & Seafood
  • Dairy Products
  • Processed Food
  • Fruits & Vegetables
  • Cereals & Grains
  • Others

 

Segmentation by Region 

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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