Food Safety Testing Market Overview
Food safety testing is crucial to ensure the quality and safety of food products consumed by the public. It involves the analysis of food products for contaminants, pathogens, toxins, and other potential hazards. Ensuring the safety and quality of the food we eat is greatly aided by the food safety testing industry. This industry is crucial to preserving public health because of its capacity to identify and remove dangerous pollutants, diseases, and toxins from food products. The market for food safety testing is expected to expand significantly due to increased public awareness about food contamination and food-borne illnesses as well as technological developments in testing. With a CAGR of 8.1%, the food safety testing market size is projected to witness a substantial rise in its market value, from US$ 21.1 billion in 2022 to US$ 31.1 billion by 2027
Key factors contributing to the food safety testing market growth include:
Stringent Regulations: Increasing regulatory requirements and standards related to food safety drive the demand for testing services. Governments and international bodies have implemented strict regulations to ensure the safety and quality of food products.
Globalization of Food Supply Chains: With the globalization of food supply chains, there is a growing need for testing to ensure that products meet the required safety standards across different countries and regions.US accounted for the largest food safety testing market share in 2021.
Consumer Awareness: Rising consumer awareness regarding food safety issues and a preference for safe and high-quality food products have led to increased demand for testing services.
Technological Advancements: Advances in technology, such as the development of rapid testing methods and innovative technologies like molecular diagnostics, contribute to the efficiency and accuracy of food safety testing.
Increasing Incidence of Foodborne Illnesses: The occurrence of foodborne illnesses and outbreaks emphasizes the importance of effective testing to identify and prevent the spread of pathogens and contaminants in the food supply chain.
Industry Collaboration: Collaboration between governments, regulatory bodies, and industry players is fostering the development and adoption of standardized testing methods.
Key Questions Addressed by the Food Safety Testing Market Report:
What are the food safety testing market trends?
What are the key development strategies undertaken by companies in the global food safety testing market?
What is the food safety testing market forecast in the APAC region?
Key Companies Include:
The key players in this market include Corteva Agriscience (US), BASF (Germany), Bayer (Germany), and Syngenta (Switzerland). Some emerging players in the global food safety testing market include Nufarm (Australia), ADAMA (Israel), Arysta LifeScience (US), Drexel Chemical Company (US), Winfield United (US), Sipcam-Oxon (Italy), Helm AG (Germany), Tenkoz (US), Rainbow Agro (China), and Helena Agri Enterprise (US). These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.
The processed food, by food tested segment, is projected to account for the second largest market share in the Food safety testing market during the forecast period.
The increase in consumption of processed food in the form of convenience food, both in developing and developed countries, is creating a significant opportunity for convenience food testing. Ready-to-eat or minimally processed foodstuffs of plant and animal origins have become very popular among consumers. This is mainly because of their fast-paced lifestyle, changing tastes and preferences, and modernization of food technologies.
