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Food Safety Testing Market to Reach USD 39.51 Billion by 2030, Driven by Increasing Instances of Chemical Contamination and Rising Concerns over Foodborne Illnesses

05-10-2023 12:07 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Reports and Data

The global food safety testing market has been growing steadily in recent years, with a size of USD 19.54 Billion in 2021 and a projected revenue CAGR of 8.2% during the forecast period. The increasing instances of chemical contamination in the food processing sector, especially in the production of ready-to-eat meals, is a significant factor driving the growth of market revenue. Food manufacturers have a primary responsibility to prevent foodborne illnesses, and microbiology food testing assists them in identifying microorganisms in food and ensuring the safety of raw materials, ingredients, and the finished product.

Food testing also plays a vital role in testing and analyzing spoiled bacteria to prevent food poisoning outbreaks caused by contaminated products and their contents. According to the World Health Organization (WHO), approximately 600 million individuals become ill after eating contaminated food every year, leading to around 420,000 fatalities. Children under the age of five are disproportionately affected, accounting for 40% of the foodborne disease burden and 125,000 deaths. Thus, food safety testing has become increasingly important to ensure the safety of the food supply chain and protect public health.

Analytical chemistry testing is another significant factor driving the growth of the food safety testing market. This testing aids in the identification, separation, and quantification of the chemical components of natural and artificial ingredients in food products, such as Potential of Hydrogen (pH), additives, nutrients, preservatives, pollutants, minerals, and others. It ensures that food products are safe for consumption and meets regulatory standards. The market for food safety testing is expected to continue growing as the demand for safe and high-quality food products increases, and stringent government regulations are put in place to ensure food safety and prevent foodborne illnesses.

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Driving Factors and Restraints of the Food Safety Testing Market:

Driving Factors:

Stringent Government Regulations: Governments worldwide have implemented strict regulations and guidelines for food safety, which have created a demand for food safety testing. The need for compliance with regulatory standards and to avoid penalties and product recalls has resulted in increased food safety testing.
Increasing Incidences of Foodborne Illnesses: The rising number of foodborne illnesses caused by contaminated food has raised consumer awareness and demand for safer food products. This has created a need for food safety testing to ensure that food products are free from harmful microorganisms, chemicals, and other contaminants.

Technological Advancements: Advancements in technology have led to the development of new and more advanced food safety testing methods. These methods are more accurate, faster, and can detect a wider range of contaminants, resulting in increased demand for food safety testing.

Globalization of Food Supply Chain: The globalization of the food supply chain has created a need for food safety testing to ensure that food products meet regulatory standards across borders. This has led to increased demand for food safety testing.

Restraints:

High Cost of Food Safety Testing: Food safety testing can be expensive, and the high cost of testing can deter some food manufacturers from investing in food safety testing.
Lack of Skilled Professionals: The lack of skilled professionals in the food safety testing industry can hinder market growth. There is a shortage of professionals with the necessary skills and knowledge to perform food safety testing, which can limit the availability of testing services.
Limited Access to Testing Facilities: In some regions, there is limited access to food safety testing facilities. This can make it challenging for food manufacturers to comply with regulatory standards and ensure the safety of their products.

Lack of Harmonization of Standards: The lack of harmonization of food safety standards across regions can hinder market growth. Different regions have different regulatory standards, which can make it difficult for food manufacturers to comply with regulations and ensure the safety of their products in different regions.

To Know More About the Report @ https://www.reportsanddata.com/report-detail/global-food-safety-testing-market

Key Players covered in this report are:

Some of the major companies profiled in the market report include SGS Société Générale de Surveillance SA, Intertek Group plc, Eurofins Scientific, Diamond Vogel, TÜV SÜD, Bureau Veritas, ALS, AsureQuality, BIOMÉRIEUX, and Labcorp Drug Development. These companies are some of the leading players in the food safety testing market and have a strong presence in the market.

These companies offer a wide range of food safety testing solutions and services, including microbiological testing, chemical testing, and allergen testing, among others. They also offer testing services for various types of food products, including meat and poultry, dairy products, fruits and vegetables, processed foods, and others.

The food safety testing market report covers a wide range of testing types, technology, and food types. The testing type outlook includes allergen testing, pathogens testing, GMO testing, mycotoxins testing, nutritional labeling, heavy metals testing, pesticides testing, organic contaminants testing, and others. Among these, allergen testing and pathogens testing are the most common types of testing performed in the food safety testing market.

Food Safety Testing Market Segmentation:

The technology outlook includes culture media, polymerase chain reaction, immunoassay, chromatography, biochip/biosensor, microarrays, flow cytometry, and others. Polymerase chain reaction (PCR) is one of the most widely used technologies in the food safety testing market due to its high specificity and sensitivity.

The food type outlook includes meat, poultry, and seafood; dairy products; processed food; fruits and vegetables; cereals and grains; and others. Among these, meat, poultry, and seafood are the most commonly tested food types in the food safety testing market, followed by dairy products and processed food.

Geographically, the food safety testing market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America and Europe are the leading markets for food safety testing due to the stringent food safety regulations and increasing awareness among consumers regarding food safety.

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Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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