Food Safety Market Is Anticipated To Reach USD 40 Billion By 2030 Growing At A CAGR 8.1% annually

The global safety market is anticipated to reach USD 40 billion by 2030 growing at a CAGR 8.1 % of 2023-2030. Food safety has never been a top priority for the global development. When it is a problem, governments and development partners often concentrate on high-value foods produced for export while mostly ignoring food safety in domestic markets. It has been observed that the health and economic costs of foodborne illnesses in Africa are substantial and rising, as urbanization and income growth lead to dietary changes that expose consumers to rising levels of food safety risks Although there are diverse and increasingly stringent regulations imposed by the governments, there are considerable opportunities for growth in this region.

By type, pathogens captured the largest share in 2023. Pathogens are the primary cause of illness and death, amounting to approximately 1.8 million deaths annually. In developed countries, millions of cases of infectious gastrointestinal diseases are reported each year due to food-borne pathogens, costing billions of dollars in medical care and lost productivity. Factors such as pathogen evolution, shifts in agricultural and Food manufacturing practices, and shifts in human host status are likely to drive the emergence of new food-borne pathogens and new food-borne diseases.

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Food safety testing utilizes a range of technologies and procedures to determine risk factors associated with consuming a food product. Specialized agencies established by a country's government regularly subject food products to testing for food safety in order to ensure compliance with its food safety rules and protect the public's health. By technology, rapid testing captured the largest share & is expected to grow at a CAGR% of 7.81% from 2023-2030. Rapid detection techniques are crucial because they can quickly identify the presence of pathogens in both raw and processed foods, which is significant for the food business.

Food poisoning could happen due to pathogenic bacteria, heavy metal contamination, or other chemical contamination in different food, including meat products, seafood, dairy products, nuts, and fruits and vegetables. It is highly important for food producers to carry out valid laboratory testing of food products periodically. By food types, Meat, Poultry, and Seafood captured the largest share mainly due to increased international trade, an increase in meat consumption globally, changing consumer needs and consumption patterns such as a preference for minimally processed foods.

Growing complexities in the food supply chain, economically motivated malpractices, instances of adulteration, lack of proper hygiene & sanitation practices during production, transportation & storage, lack of awareness about allergens, instances of cross-contamination, and other factors have resulted in increasing instances of food product contamination and are responsible for large-scale outbreaks of illness and death. This worries producers, consumers, regulators, and other industry stakeholders.

The major players in the food safety testing market are BIOTECON Diagnostics GmbH, FoodChain ID Group, Inc, AsureQuality Limited, Intertek Group plc, SGS SA, NEOGEN Corporation, Bio-Rad Laboratories, Bureau Veritas SA., Eurofins Scientific SE, Mérieux NutriSciences, NSF International, TUV SUD, UL LLC and Others. Some of the key developments in the market are In 2020 MicroVal Approved Bio-Rad PCR Kit for Detection of STEC in Raw Meat and Dairy Products. In 2023, Spectacular Labs Inc announced that they will showcase their technology for the first time at the International Association for Food Protection (IAFP) 2023.

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Food Safety Testing Market Segment, By Contaminants/analytes
• Pathogens
• E. coli
• Salmonella
• Campylobacter
• Listeria
• Pesticides
• GMOs
• Mycotoxin
• Allergens
• Heavy metals
• Radioactivity
• Stable Isotopes
• Oils
• Fats
• Sugars
• Others targets tested

Food Safety Testing Market Segment by Technology
• Traditional
• Rapid
• Convenience-Based
• Polymerase Chain Reaction (PCR)
• Immunoassay
• Chromatography & Spectrometry

Food Safety Testing Market Segment by Food Tested
• Meat, Poultry, and Seafood
• Dairy Products
• Processed Food
• Fruits & Vegetables
• Cereals & Grains (Nuts)
• Beverages
• Other Food Products Tested***

Food Safety Testing Market Segment by Key Instruments
• Gamma
• Alpha
• ICP/MS
• HPLC
• GC-MS
• FT-IR

Food Safety Testing Market Segment by Region
Geographically, the following regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa, and Rest of MEA)
For each region and country, detailed analysis and data of annual revenue ($ mn) are available for 2022-2032. The breakdown of all regional markets by country and the breakdown of each national market by Component, Product Type, and Industry Vertical over the forecast years are also included.

Food Safety Testing Market Segment by Company
BIOTECON Diagnostics GmbH
FoodChain ID Group, Inc
AsureQuality Limited
Intertek Group plc
SGS SA
NEOGEN Corporation
Bio-Rad Laboratories
Bureau Veritas SA.
Eurofins Scientific SE
Mérieux NutriSciences
NSF International
TUV SUD
UL LLC
Other Key Players

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This release was published on openPR.