Press release
Global Food Safety Testing Market Exceeds USD 19.5 Billion in 2023, Set to Soar with 7.90% CAGR Till 2030
Markntel Advisors -Market Resarch Company latest Global Food Safety Testing Market report By Testing Type (Allergen Testing, Residues and Contamination Testing, GMO Testing, Mycotoxin (Fungi) and Microbiological Testing, Pathogen Testing, Toxic Heavy Metals Testing), By Technology (Traditional Technology, Rapid Technology), By Application (Food, Beverage),and region [2024-30] has undertaken a thorough examination of the Global Food Safety Testing Market, covering the market size, share, growth, demand, top companies and industry value by 2030. This market research analysis proves valuable for individuals making data-driven decisions, including business owners and analysts. Whether your goal is to venture into new markets, launch a new product, or stay ahead of competitors, our research report on the Food Safety Testing Market provides well-researched facts and figures pertaining to the industry.
Global Food Safety Testing Market Insight:
The Global Food Safety Testing Market size was valued at around USD 19.5 billion in 2023 & is expected to grow at a CAGR of around 7.90% during the forecast period, i.e., 2024-30. The growth of the market is projected to be driven mainly by rising consumer concerns over food safety, the mounting incidence of foodborne diseases, significant improvements in inspection technologies, and the growing contamination of various food products. Besides, the implementation of stringent rules by different regulatory bodies worldwide on food safety to minimize the adverse effects of contaminated food is another prominent aspect expected to boost the Food Safety Testing Market share in the forecast years.
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Food Safety Testing Industry Growth Driver:
Rapidly Rising Cases of Food-borne Illnesses Worldwide - The world is witnessing a swiftly increasing number of individuals being diagnosed with food-borne illnesses, i.e., the primary aspect projected to drive the Global market during 2024-30. The major reason behind the rising incidence of these illnesses is the consumption of spoiled, contaminated, or expired food items with various microorganisms like fungi, bacteria, viruses, & parasites, among others. Consequently, there's a burgeoning demand for advanced food testing kits, equipment, and systems, which are accurate & can provide quick results in real-time, i.e., projected to stimulate the growth of the food safety testing industry in the years to come.
A Comprehensive Food Safety Testing Companies Analysis and Their Geographical Dominance
Our research provides valuable insights into Food Safety Testing market trends, consumer behavior, and competitive landscapes across diverse industries. We meticulously track market trends to shed light on both positive and negative factors that have historically influenced consumer behavior. Furthermore, our report delves into a comprehensive analysis of market challenges and constraints that impeded growth in the past or are anticipated to emerge during the forecast period. Also, we explore the drivers of market growth, substantiating our findings with numerous examples.
In addition to this, we extensively cover government initiatives that could foster the adoption of Food Safety Testing products/services, benefiting Food Safety Testing market participants such as:
> The 3M Company
> Agilent Technologies
> ALS
> Bio-merieux SA
> Bio-Rad Laboratories
> Bureau Veritas
> Eurofins Scientific
> Genetic ID NA Inc
> Intertek Group
> Merck Group
> Merieux NutriSciences
> Neogen Corporation
> Qiagen Corporation
> SGS S.A.
Our inclusive coverage of lucrative prospects makes our research analysis valuable for investors and other stakeholders.
Food Safety Testing Market Geographical Analysis
Geographically, the Food Safety Testing market is divided into Region or Country:
> North America
> South America
> Europe
> Middle East & Africa
> Asia-Pacific
This geographic segmentation enables businesses to gain insights into regional differences in consumer behavior, preferences, and demand. This insight can inform decisions related to expansion plans, partnerships, and product localization strategies.
Access Full Insight of Study [Include Description + TOC], - https://www.marknteladvisors.com/research-library/global-food-safety-testing-market.html
Fragmentation of Food Safety Testing Market and Leading Segment Type
The Food Safety Testing Market exhibits high robustness and fragmentation, comprising numerous segments like:
By Testing Type
> Allergen Testing- Market Size & Forecast 2019-2030, USD Million
> Residues and Contamination Testing- Market Size & Forecast 2019-2030, USD Million
> GMO Testing- Market Size & Forecast 2019-2030, USD Million
> Mycotoxin (Fungi) and Microbiological Testing- Market Size & Forecast 2019-2030, USD Million
> Pathogen Testing- Market Size & Forecast 2019-2030, USD Million
> Toxic Heavy Metals Testing- Market Size & Forecast 2019-2030, USD Million
> Others (Chemical or Nutritional Testing) - Market Size & Forecast 2019-2030, USD Million
By Technology
> Traditional Technology- Market Size & Forecast 2019-2030, USD Million
> Rapid Technology - Market Size & Forecast 2019-2030, USD Million
By Application
> Food- Market Size & Forecast 2019-2030, USD Million
> Beverages- Market Size & Forecast 2019-2030, USD Million
Recognizing Food Safety Testing market segmentation is pivotal for businesses to tailor their strategies, products, and services to meet the specific needs and demands of their target customers. Through a thorough analysis of market segments and associated sub-segments, businesses can identify new growth opportunities, forecast market trends, and formulate effective marketing and sales strategies.
Thus, the Food Safety Testing Market's highly robust and fragmented nature presents both opportunities and challenges for businesses. However, through a comprehensive analysis of market segments, sub-segments, and geographic locations, businesses can develop effective strategies to stay ahead of the competition and capitalize on the growth opportunities presented by the market.
Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services. [sent now, - https://www.marknteladvisors.com/query/request-customization/global-food-safety-testing-market.html ]
Key Questions Answered in this Food Safety Testing Market Research Report
* What is the current market size of the Food Safety Testing Market, and what factors contribute to its growth or contraction?
* How does the Food Safety Testing Market share compare among key players, and what strategies are they employing to gain a competitive advantage?
* What growth trends are emerging in the Food Safety Testing Market, and how are these trends expected to evolve in the foreseeable future?
* What is the demand outlook for the Food Safety Testing Market, and how is it influenced by industry-specific factors and broader economic trends?
* What opportunities exist in the Food Safety Testing Market for investors, and what are the latest investment trends and preferences in this sector?
Other Reports:
* https://plaza.rakuten.co.jp/insightpulse/diary/202401300001/
* https://plaza.rakuten.co.jp/insightpulse/diary/202401300000/
* https://plaza.rakuten.co.jp/insightpulse/diary/202401290001/
* https://plaza.rakuten.co.jp/insightpulse/diary/202401290000/
* https://plaza.rakuten.co.jp/insightpulse/diary/202401250001/
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