Food Safety Testing Market Growing at a CAGR of 7.4% from 2021 to 2028 Lead by AsureQuality, ALS Limited, AES Laboratories, TÜV SÜD

According to our latest market study on "Food Safety Testing Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Contaminant (Pathogens, Pesticides, Toxins, GMOs, and Others), Technology (Traditional and Rapid), and Food Type (Meat, Poultry, and Seafood Products; Dairy Products; Cereals and Grains; Processed Food; Fruits and Vegetables; and Others)," the 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. The report highlights key factors driving the market growth and prominent players along with their developments in the market.

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.

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A few key players operating in the global food safety testing market are SGS SA, Eurofins Scientific, Intertek Group Plc, TÜV SÜD, AES Laboratories Pvt. Ltd., TÜV NORD GROUP., Bureau Veritas, ALS Limited, NEOGEN Corporation, and AsureQuality.

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.

Based on contaminant, the food safety testing market is segmented into pathogens, pesticides, toxins, GMOs, and others. Based on technology, the market is bifurcated into traditional and rapid. 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. Based on geography, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America. The market in North America is further segmented into the US, Canada, and Mexico. The Food safety testing market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The market in Asia Pacific is subsegmented into China, India, Japan, Australia, and the Rest of Asia Pacific. The food safety testing market in Middle East & Africa (MEA) is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The market in South and Central America is subsegmented into Brazil, Argentina, and the Rest of South and Central America.

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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This release was published on openPR.