Food Safety Testing Market Booming Globally (CAGR of 7.3% Recorded) Prominent Industry Players Recorded SGS SA, Eurofins Scientific, Intertek Group PLC, Bureau Veritas SA, ALS limited, TUV SUD, AsureQuality Ltd.

The global food safety testing market size was valued at $13,144 million in 2017 and is estimated to reach $23,204 million by 2025, registering a CAGR of 7.3% from 2018 to 2025. In 2017, the polymerase chain reaction (PCR) technology segment accounted nearly half of the total food safety testing market share.

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Food fraud is committed when food is deliberately altered for financial gains with the intention of deceiving consumers. The food standards agency (FSA) specifies two main types of food frauds namely, the sale of food that is unfit and potentially harmful and deliberate misdescription of food.

Increase in economically motivated adulteration (EMA), owing to high competition and rise in the incidence of food frauds globally, is the prime factor that is expected to boost the growth of the global food safety testing market during the forecast period.

Growth Drivers:

Increasing demand among consumers for fresh and appropriate forms of food products has led to the advent of food safety practices in the food industry. However, the high occurrence of foodborne disease outbreaks in several countries, including developed nations such as the U.S., has resulted in increasing concern and intensive investigation of foodborne pathogens. Thus, there is currently an increased demand for microbiological testing of food products. The purpose of microbiological testing is to identify and restrict the growth of harmful microorganisms, which may lead to spoilage of foods, and thus, ensure safety from foodborne diseases. In this report, the global market by technology has been segmented into agar culturing, PCR-based assay, immunoassay-based, and others. Agar culturing is one of the traditional processes to test pathogens. However, currently, PCR-based assay and immunoassay-based methods are more accepted than traditional methods, as ongoing developments have discovered that traditional methods are not suitable for all food products.

Various regulations on food safety particularly in the developed economies, growth in instances of food fraud, and rise in economically motivated adulterations (EMAs), owing to high competition among food producers, drive the food safety testing market.

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However, the high cost of food safety testing, lack of flood control infrastructure in the developing economies, complexity in testing techniques, and lack of harmonization of regulations are expected to hamper the food safety testing industry growth.

In 2017, the processed food segment was the leading revenue contributor to the global food safety testing market. The processed food segment includes numerous processed products, such as infant formula, packaged food, wine, bakery & confectionery, and other processed food products; hence, there is a large possibility of food adulteration.

key Findings of the Food Safety Testing Market :

•In 2017, the pathogen testing segment dominated the global food testing market, and it is likely to maintain its dominance over the forecast period.

•The processed food segment dominated the global food testing market in 2017, and it is anticipated to grow at a lucrative CAGR of 7.4% during the forecast period, that is, from 2018 to 2025.

•The meat & meat product segment by the food tested category is anticipated to witness the fastest CAGR of 7.9% in terms of value during the forecast period.

•North America led the global food safety testing market in 2017 and is anticipated to witness a CAGR of 6.3% during the forecast period, in terms of value.

•By technology, the PCR-based assay segment dominated the food testing market in 2017 and is anticipated to witness the highest CAGR of 7.7% during the forecast period, in terms of value.

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