Food Safety Testing Market Trends 2023, Global Industry Growth, Demand, Size, Share, and Forecast by 2028

What is the Size of Food Testing Market ? :

IMARC Group's latest report, titled "Food Safety Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the food safety testing market revenue. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global food safety testing market size reached US$ 21.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 36.4 Billion by 2028, exhibiting a growth rate (CAGR) of 9.7% during 2023-2028.

What is Food Safety Testing ? :

Food safety testing refers to analyzing food samples to detect the presence of harmful substances, pathogens, or contaminants that may pose a risk to human health. This testing ensures that food products meet regulatory standards and are safe for consumption. It involves various techniques, including microbiological, chemical, and physical analyses, to assess the quality and safety of food. It helps identify potential hazards, prevent foodborne illnesses, and ensure compliance with food safety regulations. It plays a crucial role in protecting public health, maintaining consumer confidence, and enabling the production and distribution of safe and wholesome food products.

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Who are the key Players Operating in the Industry ? :

• ADPEN Laboratories Inc
• ALS Limited
• AsureQuality Limited
• Bio-Rad Laboratories Inc
• Bureau Veritas
• DNV AS (Stiftelsen Det Norske Veritas)
• Eurofins Scientific
• Intertek Group plc
• Mérieux NutriSciences
• NEOGEN Corporation
• NSF International
• SGS SA
• TÜV SÜD

What are the Growth Prospects and Trends in the Food Safety Testing Industry ? :

The global market is majorly driven by the increasing concerns over foodborne illnesses and outbreaks. In line with this, governments and regulatory bodies worldwide have implemented stricter food safety regulations, mandating regular testing and monitoring of food products, thereby driving the market for food safety testing. Furthermore, the rising consumer awareness about food safety and their demand for safe and high-quality food products encourage manufacturers and retailers to invest in robust food safety testing measures, significantly contributing to the market. Apart from this, the complex global food supply chain necessitates rigorous testing at various stages to ensure the safety and quality of food products, positively influencing the market.

Moreover, rapid technological advancements, such as rapid testing methods, DNA-based testing, and advanced analytical instruments, improve the efficiency and accuracy of food safety testing, contributing to market growth. Besides, the growing need for traceability and transparency in the food supply chain is catalyzing the market. Additionally, the expanding international trade of food products is stimulating the market. The implementation of food safety management systems, such as Hazard Analysis and Critical Control Points (HACCP), necessitates regular food safety testing to ensure compliance, leading to market growth. Governments and organizations are investing in developing and improving food safety infrastructure, including laboratories and testing facilities, to enhance food safety capabilities, thereby favorably impacting the market.

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What is Included in Market Segmentation ? :

Breakup by Type:

• Pathogen
• Genetically Modified Organism
• Chemical and Toxin
• Others

Breakup by Food Tested:

• Meat and Meat Products
• Dairy and Dairy Products
• Cereals, Grains and Pulses
• Processed Food
• Others

Breakup by Technology:

• Agar Culturing
• PCR-based Assay
• Immunoassay-based
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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