Food Safety Testing Market is Determined to Grow at a CAGR of 7.2 % by 2025

Market Synopsis
Market Research Future (MRFR) speculates that the global food safety testing market is likely to demonstrate a CAGR of 7.2% during the forecast period (2015-2025) owing to the rising concern for food contamination. Food safety testing is referred to as a technical method which is used to perform development works, product storage in order to prevent foodborne diseases, and handling of products. Food safety testing is generally performed under the supervision of experts which constantly tracks the ongoing process. The process is mainly performed to maintain the food quality and prevent it from unwanted diseases which can occur in the form of toxicity, illness, and poisoning.

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Market Potential and Pitfalls

As food contamination is becoming a worldwide issue, concern for adequate food safety testing process and methods are increasing. Food safety is extremely threatened by viruses, microbial pathogens, genetically modified organism content, food allergens, toxins, pesticides, and others. Food safety testing market is expanding at a rapid pace owing to the rising concern for food contamination coupled with the burgeoning food and beverage sector. With strict food safety mandates, bolstering number of food poisoning outbreaks, and rising awareness associated with food safety and its significance, the global food safety testing market is estimated to flourish during the assessment period. Moreover, poor handling, inadequate cooking, and improper storage systems result in the contamination of food products. The need of implementing quality measures in the dried processed food, bakery products, infant diet, ready-to-eat meals, and preserved or canned food items due to its easy contamination retention properties propels the market growth globally.

With increasing incidences of food-borne diseases and their most common outbreaks like Escherichia coli, Salmonella typhi, Vibrio cholera, Staphylococcus aureus, Campylobacter, and Listeria monocytogenes, the need for food safety testing is growing across the globe. According to the entre for Disease Control and Prevention, one in ten people falls sick due to food-borne illness every year. Market players are highly focusing on R&D activities to bring safe food to the consumers, which is further contributing to the market growth.

In contrast, a lack of awareness among the manufacturers related to food regulations, owing to which they overlook to perform safety testing on food products is considered to dampen the market growth to a large extent. Moreover, lack of food safety awareness and variation in tests needed for different food types are some of the major concerns likely to vitiate the market growth.

Global Food Safety Testing Market: Segmental Analysis

The food safety testing market has been categorized on the basis of testing technology, food type, and contaminants detection.

By mode of contaminants detection, the global food safety testing market has been segmented into GMOs, pathogens, toxins, and pesticides. Among these, the GMO detection is considered to expand at the highest rate during the appraisal period. The testing process is used extensively as they have several functional benefits like reduced maturation time, enhanced taste & quality, improved resistance to pests, diseases, and herbicides, and nutrient content and yield & stress tolerance. In addition, raising awareness of consumers regarding genetically modified organisms in food, efficient technological trends, and strict mandates on GMO are anticipated to fuel the segment’s growth.

By mode of testing technology, the global food safety testing market has been segmented into natural and synthetic.

By mode of food type, the global food safety testing market has been segmented into dairy products, meat and poultry products, processed foods, and fruit & vegetables. Among these, the fruits & vegetable segment is predicted to witness the fastest growth rate owing to the easy susceptibility of contaminants and microbial and an increasing number of tests for fruits & vegetables.

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Regional Insights

Geographically, the food safety testing market span across regions namely, Europe, North America, Asia Pacific, and the Middle East and Africa.

Considering the global scenario, the North American region is estimated to occupy the largest market share and is likely to retain its dominance in the coming years. The growth in this region is predicted to the burgeoning sectors such as healthcare, food & beverage, pharmaceuticals, hospitals, and personal care. Moreover, the increasing R&D initiatives are anticipated to foster the market growth in this region.

The European region is estimated to occupy the second-largest market share and is likely to expand at a considerable CAGR during the forecast period. The growth is credited to the favorable government initiatives and support. Moreover, the proliferation of the healthcare sector supported by the resurging economy is bolstering the market growth throughout the appraisal period.

The Asia Pacific region is anticipated to expand at a rapid pace and is emerging as one of the lucrative regions across the world. Factors such as strong growth in the F&B industry backed by an enhanced focus on food safety is likely to foster the market expansion. Nations such as India, China, Japan, and Thailand are considered the largest F&B markets and contribute to the market growth.

Industry Updates

In February 2018, a mobile food-testing van was launched in Hyderabad which was sanctioned by the Food Safety and Standards Authority of India to maintain hygiene standards and food safety, mainly in eateries.

Competitive Dashboard

The prominent players operating the global food safety testing market are Cotecna Inspection SA, Intertek Group Plc, Bureau Veritas, SGS SA, and others.

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