Food Safety Testing Market 2023 Global Key Country Analysis: Thermo Fischer Scientific Inc., UL LLC, EMSL Analytical Inc., Microbac Laboratories, Inc., SGS SA

According to a new report published by Delvens, titled, "Food Safety Testing Market, by (Application: Bakery & Confectionery, Dairy Products, Processed & Packaged Food, Infant Food, Alcoholic & Non-alcoholic Beverages, Functional Food, Meat & Poultry Products, and Seafood; Test Technology: Traditional and Rapid; and Target Test: Pathogens, Allergens, Residues & Contaminants, Chemical & Nutritional, Shelf-life, GMO, and Others) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)", The global Food Safety Testing Market size is projected to reach a CAGR of 8.1% from 2023-2030.

Food safety is a crucial concern for the food manufacturing, retail, and hospitality industries. Productivity is influenced by food quality and hygiene. Both purposeful and inadvertent adulteration have grown high-tech in recent years, and all testing facilities can assist in detecting these food adulterants.

The prominent players in Food Safety Testing Market are Thermo Fischer Scientific Inc., UL LLC, EMSL Analytical Inc., Microbac Laboratories, Inc., Silliker, Inc., Covance Inc., Intertek Group Plc, SGS SA, Bureau Veritas S.A., Eurofins Scientific SE, The SOCOTEC Group, International Laboratory Services, ALS Limited, AsureQuality Limited, DTS Food Laboratories, Aspirata, Symbio, and Others.

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The rise in the use of preservatives in beverages will create new market opportunities during the forecast period. The increased use of preservatives in beverages to extend their shelf life is projected to increase the use of safety procedures. To meet demand, manufacturers are focused on assuring the quality and shelf-life of beverages such as energy drinks, soft drinks, and fruit juices. The increasing consumption and production of meat products and technological advancement will boost new market opportunities for the market's growth rate. Moreover, a rise in strategic collaborations and emerging new markets will act as market drivers and further boost beneficial opportunities for the market's growth rate.

On the other hand, the market is projected to be hampered by a lack of effective regulatory rules for selling and cultivating genetically modified organisms (GMO) food products. Furthermore, different regions have distinct trading rules for food and agricultural items. This is projected to stifle market expansion.

Recent Developments

In July 2021, Intertek Group plc acquired Brazil-based JLA Brasil Laboratório de Análises de Alimentos S.A. ('JLA'), one of the leading providers of food, agriculture, and environmental testing solutions based in Brazil. This acquisition will help Intertek to enhance its food safety testing service portfolio for Brazilian customers.

In May 2021, Eurofins Scientific acquired UK-based Eurofins Scientific Alliance Technical Laboratories (ATL) Ltd. This acquisition is to enhance the company's food, water, and feed testing service facility in the UK.

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Scope of the Report:

Food Safety Testing Market is segmented into various segments such as application, test technology, target test, and region:

Based on application, the food safety testing market is segmented into:

Bakery & Confectionery
Dairy Products
Processed & Packaged Food
Infant Food
Alcoholic & Non-alcoholic Beverages
Functional Food
Meat & Poultry Products
Seafood

Based on test technology, the food safety testing market is segmented into:

Traditional
Rapid

Based on target test, the food safety testing market is segmented into:

Pathogens
Allergens
Residues & Contaminants
Chemical & Nutritional
Shelf-life
GMO
Others

Based on region, the food safety testing market is segmented into:

Asia Pacific
North America
Europe
South America
Middle East & Africa

Asia Pacific to Dominate the Market

APAC is projected to account for the highest CAGR in the Food safety testing market during the forecast period.

The Asia Pacific food safety market is growing owing to the implementation of stringent rules and regulations regarding food. Governments have put different regulations in place for consumers, producers, and regulators. The market growth in this region is largely driven by rising demand for processed food in emerging and developing nations like India, China, Indonesia, and Thailand, as well as an increase in poisoning outbreaks caused by the consumption of contaminated meat and a rise in cases of food degradation like contamination, pesticides, and artificial flavoring.

Delvens Industry Expert's Standpoint

The application of preservatives to enhance the longevity of beverages is expected to prompt the implementation of safety protocols. An upswing in the manufacturing and consumption of meat products and the latest advancements in technology will create more prospects for market expansion. The food manufacturing, retail, and hospitality sectors consider food safety to be an essential matter. The quality and hygiene of food products affect productivity. The industry needs to make sure the food products are safe, hygienic, and have superior quality to boost growth.

The forecast period anticipates new market opportunities due to the increasing use of preservatives in beverages, which are aimed to extend their shelf life. As a result, safety procedures are projected to become more prevalent as a means of addressing this trend.

Reasons to Acquire

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In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.

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