Food Safety Testing Market Worth USD 37.5 billion by 2031 | TUV SUD AG, Bureau Veritas SA

Food Safety Testing Market by Technology (Agar Culturing, PCR-based Assay, Immunoassay-based, Others), by Food Tested (Meat and Meat Product, Dairy and Dairy Product, Cereals, Grains, and Pulses, Processed Food, Others), by Type (Pathogen, Genetically Modified Organism (GMO), Chemical and Toxin, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031" According to the report, the global food safety testing industry was valued at $18.7 billion in 2021 and is estimated to generate $37.5 billion by 2031, witnessing a CAGR of 7.2% from 2021 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

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Despite being the final stage of the food manufacturing chain, testing food products is regarded as the most crucial step. Food product testing is essential to ensure that the food is safe for consumption and to ensure that it is free of physical, chemical, and biological dangers.

Leading Key Players
Intertek Group Plc
SGS SA
TUV SUD AG
ALS Limited
Bio-Rad Laboratories
AsureQuality Ltd.
Eurofins Scientific
Bureau Veritas SA
Thermo Fisher Scientific, Inc.
DNV AS

The report analyzes these key players of the global food safety testing market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.

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Based on type, the pathogen segment contributed to the largest share of two-fifths of the global food safety testing market in 2021 and is expected to dominate the market during the forecast period. Different kinds of pathogens, including viruses, bacterial strains, fungi, or parasites can make their host sick. In order to ensure customer safety, pathogen testing is regularly carried out throughout the production process, from raw materials through end product screening.

Based on technology, the PCR-based assay segment grabbed the highest share of nearly half of the overall food safety testing market in 2021 and is projected to maintain its dominance in 2031. Moreover, the same segment is expected to witness the fastest CAGR of 7.6% from 2021 to 2031. Polymerase chain reaction technology is used by the agricultural biotechnology sector at various stages of the product development. The approach is primarily used to assess the amount of genetically modified material contained in a product or verify the presence or absence of genetically modified material in a sample of the product.

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Based on region, the market in North America was the largest in 2021, accounting for more than one-third of the global food safety testing market and is likely to dominate in terms of revenue in 2031. This is due to the prevalence of public health burden of foodborne illnesses in the state of Mississippi (MS). The market in Asia-Pacific, however, is likely to show the fastest CAGR of 7.7% during the forecast period. This is due to the increase in disposable income of consumers and the high demand for effective food safety testing.

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Catering And Food Service Contract Market - https://www.globenewswire.com/en/news-release/2023/01/25/2595203/0/en/Global-Catering-and-Food-Service-Contract-Market-Is-Expected-to-Reach-477-3-Billion-by-2031-Allied-Market-Research.html

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