Food Safety Testing Market with Competitive Analysis, Top Key Players, Market Growth, Opportunity, Trends, Service, Forecast To 2028

The Insight Partners has added Latest Report 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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The Prominent/Emerging Players in the Food Safety Testing Market includes:

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

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Consumer awareness is one of the major drivers of the food safety testing market across the world. The COVID-19 outbreak positively impacted the market as consumers and governments are focused on the safety and hygiene of products meant for consumption. All food & beverages sectors face challenges amid the outbreak as the SARS-CoV-2 is highly infectious and could possibly travel through food surfaces. Meat and poultry processing facilities faced distinctive challenges with respect to virus transmission as workers in several facilities across the world were infected. For instance, U.S. Department of Health & Human Services reported in July 2020 that 239 facilities in 23 states fell subject to COVID-19 infection. The total reported cases were 16,233, with 86 related deaths. Moreover, in November 2020, China reported that a frozen pork knuckle sample imported in China had triggered a new COVID-19 case in the country. Such cases of COVID-19 infections in the food industry have created apprehensions among consumers and governments, which propelled the demand for food safety testing to mitigate health risks.

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.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.