Food Safety Testing Market 2020-2027, Read Market by testing type, technology, and future demand

Meticulous Research® – leading global market research company published a research report titled “Food Safety Testing Market by Testing Type (Pathogens, Pesticides, GMO, and Toxins), Technology (Traditional and Rapid), and Food Tested (Meat, Poultry, & Seafood, Processed Food, Fruits & Vegetables, Dairy Products) – Global Forecast to 2027”.
The food safety testing market is expected to grow at a CAGR of 7.6% from 2020 to reach $29.6 billion by 2027.

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Food Safety Testing Market is majorly driven by the factors such as rising incidences of food-borne illnesses, growing consumer awareness regarding the safety of food products, implementation of stringent food safety regulations, and rising demand for convenience and packaged food products among consumers. Additionally, technological advancements for food safety testing methods provide significant growth opportunities for food safety testing in the coming years. However, lack of infrastructure for food control, especially in developing nations hinders the growth of this market to some extent. Moreover, the lack of harmonization of food safety regulations poses a great challenge to the global food safety testing industry stakeholders.

To provide efficient analysis, Meticulous Research® has segmented this market on the basis of testing type (pathogens {salmonella, campylobacter, E.coli, listeria, and others}, pesticides, GMO, toxins, and others), technology (traditional and rapid {PCR, DNA sequencing/NGS, immunoassay, chromatography, and spectroscopy}), food tested (meat, poultry, and seafood, processed food, fruits & vegetables, dairy products, cereals & grains, and others), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa).

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Based on testing type, the overall food safety testing market is mainly segmented into pathogens, pesticides, Genetically Modified Organism (GMO), toxins, and others. The pathogens segment is estimated to command the largest share of the overall food safety testing market in 2020. However, the GMO segment is expected to grow at the fastest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the growing customer awareness about GM food and rising need for nutritional food products.

Based on technology, the overall food safety testing market is segmented into traditional and rapid technology. The rapid technology segment is estimated to command the largest share of the overall food safety testing market in 2020. The large share of this segment is mainly due to the factors such as multi-functional testing options in less time; flexible testing to end-user industry; increasing incidences of foodborne diseases, viruses, and other microbiological contaminants associated with inadequate storage conditions; and unsanitary food handling practices. Moreover, this segment is also expected to grow at the highest CAGR during the forecast period, mainly due to its ability to test a wide range of contaminants in comparison to traditional technology.

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Based on food tested, the overall food safety testing market is mainly segmented into meat, poultry, and seafood; processed food; fruits & vegetables; dairy products; cereals & grains; and others. The meat, poultry, and seafood segment is estimated to command the largest share of the overall food safety testing market in 2020. However, the fruits & vegetables segment is expected to witness a significant growth. The rapid growth of this segment is mainly attributed to the rapidly growing fresh fruits and vegetables industry.

Geographic Review:

Geographically, the North America region is estimated to command the largest share of the global food safety testing market in 2020. The large share of this region is primarily attributed to the factors such as well-established food and beverage industry; increased globalization of food trade; advancements in technology; increasing food safety & food quality standards; rising demand for convenience and packaged food products; increased incidence of chemical contamination outbreaks during food processing; and increased GMO testing due to rising import of soy, corn, and canola. However, the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period.

Key Players:

The key players operating in the global food safety testing market are SGS SA (Switzerland), Intertek Group plc (U.K.), Eurofins Scientific S.E. (Luxembourg), Thermo Fisher Scientific Inc. (U.S.), ALS Limited (Australia), Bureau Veritas SA (France), Merieux NutriSciences Corporation (U.S.), AsureQuality Limited (New Zealand), Microbac Laboratories, Inc. (U.S.), Romer Labs Division Holding GmbH (Austria), TÜV SÜD AG (Germany), NEOGEN Corporation (U.S.), FoodChain ID Group, Inc. (U.S.), R J Hill Laboratories Limited (New Zealand), Symbio Laboratories (Australia), and BIOTECON Diagnostics GmbH (Germany) among others.

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Key questions answered in the report-

Which are the high growth market segments in terms of the testing type, technology, food tested, and countries?
What is the historical market for food safety testing across the globe?
What are the market forecasts and estimates for the period of 2020-2027?
What are the major drivers, restraints, opportunities, and challenges in the global food safety testing market?
Who are the major players in the global market and what share of the market do they hold?
Who are the major players in various countries and what share of the market do they hold?
How is the competitive landscape for global food safety testing market?
What are the recent developments in the global food safety testing market?
What are the different strategies adopted by the major players in the market?
What are the key geographic trends, and which are the high growth countries?
Who are the local emerging players in the global food safety testing market and how do they compete with other players?

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This release was published on openPR.