Food Safety Testing Market 2021: Latest Update, Size, Share, Growth Opportunities, Covid-19 Impact, Industry Insight by 2028 | SGS SA, Eurofins Scientific, Intertek Group Plc

The Food Safety Testing Market report provides a basic overview of the market including definitions, classifications, applications and industry chain structure. The Food Safety Testing Market analysis is provided for the international market including development history, competitive landscape analysis, and major regions’ development status.

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Leading Food Safety Testing Market Players:

• SGS SA
• Eurofins Scientific
• Intertek Group Plc
• TÜV SÜD
• AES Laboratories Pvt. Ltd.
• TÜV NORD GROUP.
• Bureau Veritas
• ALS Limited
• NEOGEN Corporation
• AsureQuality

The food safety testing market was valued at US$ 20,733.4 million in 2021 and is projected to reach US$ 34,142.5 million by 2028; it is expected to grow at a CAGR of 7.4% from 2021 to 2028.

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Food safety testing is a scientific analysis of a food product and its contents to find information about various characteristics such as physiochemical properties, composition, and structure. The information is used to determine the safety of the product for consumption. The rising prevalence of foodborne illnesses demands food safety testing for all food and beverage products to prevent health hazards, which boosts the growth of the food safety testing market.

As per the data published by the World Health Organization (WHO), the consumption of unsafe food causes 420,000 deaths and 600 million cases of foodborne diseases worldwide each year. Foodborne diseases are preventable; hence, numerous organizations and governments lead coordinated actions to build resilient and robust food safety systems across multiple industries. Moreover, a 2018 World Bank report estimated that the economic burden through a total loss of productivity faced due to foodborne illnesses was estimated to be US$ 95.2 billion per year. Therefore, the food safety testing market is witnessing growth due to consumer awareness regarding food safety and government efforts to prevent foodborne illnesses.

Report Spotlights

• Progressive industry trends in the food safety testing market to help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the food safety testing market from 2019 to 2028
• Estimation of global demand for food safety testing
• Porter’s five forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
• Recent developments to understand the competitive market scenario
• Market trends and outlook as well as factors driving and restraining the growth of the Food safety testing market
• Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
• The size of the food safety testing market size at various nodes
• Detailed overview and segmentation of the market, as well as the food safety testing industry dynamics
• Size of the food safety testing market in various regions with promising growth opportunities

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Based on food type, the food safety testing market is segmented into meat, poultry, and seafood products; dairy products; cereals and grains; processed food; fruits and vegetables; and others. The meat, poultry, and seafood products segment accounted for the largest market share in 2020, and the fruits and vegetables segment is expected to register the highest CAGR in the market during the forecast period. The meat, poultry, and seafood products testing includes testing for contaminants as well as for food adulteration wherein one meat type is adulterated with other meat types. The products may be tested for ash, fat, moisture, protein/nitrogen, heavy metals, pesticides, antibiotics and drugs, salt, chloride, and nitrates and nitrites. Meat products are most likely to get contaminated or defected considering the shelf life and nature of these products. Therefore, the testing for these products is mandatory in all countries. The market for this segment is expected to grow due to the rising consumption of meat, poultry, and seafood products across the world.

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This release was published on openPR.