Global Food Safety Testing Market Analysis 2019 to 2025 by Top Players Eurofins Scientific, Bureau Veritas, Neogen, Idexx Laboratories, Intertek, Bio-Rad Laboratories

Global Market Insights, Inc. has launched a report on Food Safety Testing Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.

Increasing threats over food consumption have stimulated global food safety testing market and generated demand for effective test products that can ensure food safety. Food supply worldwide is facing a range of risks from environmental toxins, bacteria, and food allergens. Food safety testing industry size has been growing substantially, owing to the increasing threat of foodborne illness, and stringent food safety regulations.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Eurofins Scientific
• SGS AG
• Bureau Veritas S.A.
• Idexx Laboratories Inc.
• Neogen Corporation
• Intertek Group PLC
• Bio-Rad Laboratories

Changing agricultural and eatables processing practices coupled with rising consumer awareness pertaining to health are driving the food safety testing market. Upsurge in number of cases related to the consumables adulteration and increasing consumer consciousness is expected to propel the business growth. Growing canned eatables and beverages consumption owing to busy lifestyles has led to the development of rapid testing methods, this will in turn fuel the industry development.

Rapid advancements in the safety testing methods including microbiological testing using advanced analytical techniques and enzyme-linked immunosorbent assay (ELISA) methods for checking the adulteration levels will support the business expansion. Increase in the number of outbreaks related to contamination and fraudulent practices across the processing industries will provide new growth opportunities.

Stringent government policies, standards and regulations pertaining to facility inspections at the manufacturing facilities and application of financial penalties and legal actions in case of violations of standards are playing a significant role in supplementing the market growth. For instance, health organizations such as FDA and the FSSAI have been encouraging the manufacturers for patent registration and adherence to guidelines, this will further boost the product usage.

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Pathogens segment dominated the food safety testing market and accounted for over 40% of the overall demand in 2018. Increasing consumer consciousness regarding healthy eating habits coupled with the growing level of foodborne illnesses due to contamination will augment the segment growth. Manufacturers are introducing new kits with advanced features for expanding their market share.

Increase in demand for inspection of organic products, processed & ready-to-eat meals, and meat products is driving the food & beverages industry landscape. Growing export & imports levels of owing to favorable FDI policies, globalization, and economic development has further resulted in rise of food contamination levels.

Prevalence of traditional methods accompanied by higher cost of rapid technology can restrain the adoption of new technologies, thereby hampering the business revenues. Also, lack of infrastructure in developing economies to control the food adulterations can impact the market development.

Global food safety testing market from pathogens generated over USD 6 billion in 2018. Pathogens can be found in multiple food categories including such as meat, dairy, processed food, and fruits & vegetables, thus supporting the pathogen food safety testing demand. High occurrence of pathogens outbreaks such as listeria and salmonella in processed food and meat products is driving the market growth.

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Rapid food safety testing technology holds a significant share in the food safety testing market and is forecast to witness over 7.5% CAGR up to 2025. High prevalence in North America and Europe owing to technological advancements and increasing competitiveness in the industry has surged the market growth. Increasing reliability of rapid inspection methods and reduced time for getting outcomes are propelling the industry share.

North America holds around 39% share in the global food safety testing market in 2018. High demand for rapid technology particularly for routine testing supported by significant research & development investments is proliferating the industry share. Innovations in instrument-based testing will positively influence the market growth in the region.

Also, the country observes an increase in pathogens outbreaks from raw chicken & products, meat & meat products, shell eggs, dairy products, papayas and other fruits. Stringent regulations for improving the transparency between food processors and consumers by developing the labelling norms are surging the services demand.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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