As per this study the Global Food Safety Testing Market was valued USD 23.61 BN (by revenue) in 2022 and is anticipated to reach USD 42.61 BN by 2030 with a CAGR of 8.8%.
Food safety testing refers to the inspection of a broad range of pathogens, genetically modified organisms (GMO), and chemicals & toxins. It is done to ensure the product is edible as well as it also provides authentication of important ingredient and potential allergens. The technology used for food safety testing includes agar culturing, PCR-based assay, immunoassay-based and others.
Market Dynamics
The rising consumer awareness regarding food safety coupled with increasing demand for packaged and convenient food is driving the market growth. Additionally, stringent food safety regulations along with rising incidence of chemical contamination in food processing industries are further fuelling the market growth. On the other hand, complexity in testing techniques and lack of harmonization of regulations may restrict the market growth. Whereas, technological advancements in testing technology is expected to offer the opportunity over the forecast timeframe.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of food safety testing.
Market Segmentation
The broad food safety testing market has been sub-grouped into contaminant, food tested, and technology. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Test
- Allergen Testing
- Chemical & Nutritional Testing
- Genetically Modified Organism (GMO) Testing
- Microbiological Testing
- Residues & Contamination Testing
- Others
By Application
- Meat, Poultry, & Seafood Products
- Dairy & Dairy Products
- Processed Food
- Beverages
- Cereals & Grains
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for food safety testing in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Food Safety Testing Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the food safety testing market include SGS S.A., NSF International, Bureau Veritas, Eurofins Scientific SE, Intertek Group PLC, Merieux Nutrisciences, Merieux Nutrisciences, TUV SUD, UL LLC, Asurequality Limited. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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