Food Safety Testing Market With Key Market Players Bureau Veritas S.A., ALS Limited, Eurofins Scientific, Intertek Group PLC, Silliker Inc., DTS Laboratories

Food Safety Testing Market Overview

Microbial pathogens such as bacteria, food allergens, environmental toxins, viruses, residues of drugs and agricultural chemicals can spoil consumers, if unrestricted. Major reasons that cause food contamination are shortcoming in treating and processing the food to place an end to toxins and other impurities, inproper handling of food and polluted input food materials.

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The growth of the Global Food Safety Testing Market is majorly driven by factors such as an increase in the number of foodborne illnesses, increasing demand for strict procedures, pathogen testing, better consumer cognizance and globalization of the food business. Corporations involved in the production and circulation of food products are absorbed by the respective regional and international supervisory bodies, to apply food safety analysis and accreditation. However, the time is taken and excessive cost of the testing procedure are the prime factors restricting the growth of this market.

Food Safety Testing Market Forecast Report (2018-2023)

Food Safety Testing Market worth was $14.23 billion in 2018 and estimated to be growing at a CAGR of 7.60%, to reach $20.52 billion by 2023.

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Food Safety Testing Market Segmentation

The Global Food Safety Testing Market is classified based on contaminants tested, food type, and technology. On the basis of contaminants tested, the Global Food Safety Testing market is classified into Microbial, GMOs, Metal Contaminants, Pesticides and Residues, Toxins, Food Allergen, and Others. Microbiological testing holds the large part of the market due to its safety testing in almost all food products. Also, rising consumer awareness about GMO products and strict guidelines have improved the GMO testing market. On the basis of Food Type, the market is classified into Meat & Poultry, Dairy Product, Processed Food, Beverages, Fruits & Vegetables, and Others. Meat and poultry are the main segments in the food safety testing market, due to the improved microbial impurities in this agricultural product. However, processed foods are the fastest growing sector with a CAGR of 8.1%. On the basis of Technology, the market is classified into Traditional and Rapid. The rapid technology segment is anticipated to raise at the highest CAGR and it is due to the development of testing methods. The standing of this segment is growing due to its quick, accurate, efficient, and easy-to-use features.

The market has also been geographically classified into North America, Europe, Asia-Pacific and Latin America and the Middle East and Africa. North America accounted for the leading share in the Global Food Safety Testing market, accounting for about 37% of the global market followed by Europe. The Asia-Pacific market, which is majorly driven by China and India is expected to give lucrative growth opportunities, owing to the considerable raise in the number of testing procedures.

Key developments

February 2018:  A mobile food-testing van was started in Hyderabad. The van was approved by the Food Safety and Standards Authority of India, as part of a Central government scheme, to keep food safety and hygiene standards, mainly in eateries.
October 2016:SGS obtaind AXYS Analytical Services Ltd. (AXYS), Sidney, British Columbia, Canada. AXYS analyses Persistent Organic Pollutants (POPs), Contaminants of Emerging Concerns (CECs) and the development stages of the quick growing metabolomics business.
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Major Players: 

Major players in the current market are :

Bureau Veritas S.A.,
ALS Limited,
Eurofins Scientific,
Intertek Group PLC,
Silliker Inc.,
DTS Laboratories.
Significant techniques such as investments in R&D are being employed by major companies to meet the rising demand for Food Safety Testing.

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This release was published on openPR.