The food safety testing market was valued at USD 15.23 billion in 2020 and expected to rise at the current CAGR of 7.60% to reach USD 21.52 billion by 2025. The world food supply is below constant threat of contaminations, and this generates a requirement for effective test merchandise that can guarantee food safety. Microbial pathogens in the food like bacteria, viruses, environmental toxins, food allergens, medicine leftovers, and agricultural chemicals, are dangerous to human beings if eaten unchecked. Pathogen testing continues to be the most leading segment of food testing.
Market drivers and restraints:
The expansion of the Global Food Safety Testing Market is majorly driven by factors such as a growth in the variety of foodborne illnesses, rising demand for pathogen testing, stringent processes, improved consumer cognizance and globalization of the food trade. Companies involved in the production and circulation of food merchandise are directed by the respective regional and international higher-up bodies, to implement food safety analysis and certification. Nevertheless, long working time and excessive price of the testing procedure are the main factors hindering the expansion of this market.
Report segmented as:
By contaminants tested:
- Metal contaminants
- Pesticides and residues
- Food allergen
By food type:
- Meat and poultry
- Dairy product
- Processed food
- Fruits and vegetables
The market has also been geographically segregated into North America, Europe, Asia-Pacific and Latin America and the Middle East and Africa. North America accounted for the biggest share in the Global Food Safety Testing market, accounting for around 37%, followed by Europe. The Asia-Pacific market, which is mainly driven by China and India is estimated to offer remunerative growth opportunities because of the considerable growth in the number of testing processes.
Important market players:
Some of the key players analyzed in this report are SGS SA, Eurofins Scientific, Intertek Group plc, Bureau Veritas SA, ALS limited, TUV SUD, AsureQuality Ltd., DNV GL, Bio-Rad Laboratories, and Laboratory Corporation of America Holdings.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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