Latest Regulatory Trends Impacting the Food Safety Testing Market

The report "Food Safety Testing Market by Target Tested (Pathogens, Pesticides, GMOs, Mycotoxin, and Allergens), Technology (Traditional and Rapid), Food Tested (Meat, Poultry, Seafood, Dairy, Processed Foods, and Fruits & Vegetables), and Region-Global Forecast to 2023" Consumers are becoming more sensitive about the impact of food products on their health. With the increasing prevalence of various diseases across regions, consumers are diverting their expenditure toward food products that are certified for their safety and quality. To align with consumer preferences and requirements, manufacturers are focusing on allocating their investments on food safety testing services to ensure the safety of consumption. By 2023, the food safety testing market is projected to reach USD 24.6 billion, recording a CAGR of 7.7% from 2018.

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By target tested, the GMO segment is projected to be the fastest-growing type in the food safety testing market during the forecast period

The fastest growing market of GMO is attributed due to Increase in consumer awareness for genetically modified organisms in food, and efficient technological trends are expected to drive the global market for GMO testing. Lack of information about the nutritional and safety properties of genetically modified food leads consumers to think that they are not safe for consumption, thereby driving the market for GMO testing and labeling.

Rise in consumer awareness about food safety

Consumer awareness plays a vital role in implementing the quality and safety procedures of food products through various means, such as labeling, claims, and nutritional facts. Consumers have been educating themselves regarding food-related issues, such as various contaminants, allergens, physiological reactions due to toxins, and effects of processed and stored food on the body through various social media platforms and consumer regulatory acts. Consumer awareness has also been growing with the increased media focus on food safety concerns. Media attention on the information related to consumer demand for food safety has led food producers, manufacturers, and processors to respond to these issues. The shifting demographics and rising consumer awareness highlight the need to make food safety a priority. Consumer demand for imported seasonal products and RTE food has been increasing. Consumers trust certifications by government regulators and media; the consumer demand for certification and media’s influence on consumer behavior related to product recalls drive the food safety testing market.

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North America To Present Lucrative Growth Opportunities for Key Players in the Food Safety Testing Market

The introduction of several regulations on food safety, particularly in the US & Canada, has compelled the leading companies in the food & beverage industry to focus more on food safety. Key manufacturers are adopting intelligent technology that monitors the quality of food and tracks the presence of pathogens to prevent food spoilage. With the increasing number of leading players in the food & beverage industry, the demand for food safety solutions is projected to remain high in North America during the forecast period.

To retain their position at the forefront of the food safety testing market, key players are focusing on adopting strategies such as new product launches and product innovations. Some of the leading players in this market include Eurofins (Luxembourg), Bureau Veritas (France), ALS Limited (Australia), Intertek (UK), and SGS (Switzerland).

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This release was published on openPR.