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Food Safety Testing Market worth $37.19 billion by 2030, growing at a CAGR of 7.22% - Exclusive Report by 360iResearch
Food Safety Testing Market | 360iResearch
The Global Food Safety Testing Market to grow from USD 22.82 billion in 2023 to USD 37.19 billion by 2030, at a CAGR of 7.22%.
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Food safety testing is an important part of the food safety ecosystem and ensures that the food is safe to consume. The food safety testing method evaluates the safety of food based on physical, microbiological, and chemical composition. The rising prevalence of foodborne illnesses across the globe and growing instances of chemical contamination in food processing industries are propelling the adoption of foodborne food safety testing solutions. In addition, the advance in demand for convenience and packaged food drives the market growth. However, the high cost associated with food safety testing equipment impedes the utilization of food safety testing solutions. Furthermore, ongoing technological advancements in food testing technologies create lucrative opportunities for market growth.
The food safety testing market across the American region is propelled by the presence of well-established companies along with the growing adoption of advanced food safety testing methods and technologies. Regulatory authorities such as the Food and Drug Administration and the Canadian Food Inspection Agency (CFIA) actively invest in research and development for better testing procedures. Technological advancements in testing methods, such as PCR immunoassay, have fueled the growth of food safety testing. European Union regulations set high standards for food safety, substantially driving the adoption of advanced testing methods. Increased investments in food safety research projects have showcased a multilateral commitment to enhance food safety. The Middle East and Africa experience robust development in the market due to the escalation of the processed food industry, extensive tourism leading to diverse food demand, and investments in novel technologies such as Rapid Alert System for Food and Feed(RASFF). The rising population and increasing awareness of food safety concerns across the APAC region significantly drive the adoption of food safety testing solutions. The regulatory authorities across the countries, including China, Japan, and India, are strengthening regulations to ensure food safety. This region is notable for varied consumer needs due to diverse food habits and cultures, with much emphasis on the safety of locally sourced and imported food products. Active ongoing research in food tech startups across this region is an important driver for market growth.
Market Segmentation & Coverage:
This research report categorizes the Food Safety Testing Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Target Tested, market is studied across Allergens, Genetically Modified Organism, Heavy Metals, Pathogens, Pesticides, and Toxins. The Pathogens is further studied across Campylobacter, E. Coli, Listeria, and Salmonella. The Pathogens commanded largest market share of 38.15% in 2023, followed by Allergens.
Based on Components, market is studied across Instruments & Consumables, Services, and Software. The Instruments & Consumables commanded largest market share of 62.45% in 2023, followed by Services.
Based on Technology, market is studied across Chromatography & Spectrometry, Rapid, and Traditional. The Rapid is further studied across Convenience-based, Immunoassay, and Polymerase Chain Reaction. The Rapid commanded largest market share of 69.97% in 2023, followed by Chromatography & Spectrometry.
Based on Application, market is studied across Cereals & Grains, Dairy Products, Fruits & Vegetables, Meat, Poultry & Seafood, and Processed Food. The Processed Food commanded largest market share of 33.66% in 2023, followed by Meat, Poultry & Seafood.
Based on End-Use, market is studied across Chemistry Testing Services, Food Companies, and Food Safety Testing Laboratories. The Food Safety Testing Laboratories commanded largest market share of 43.36% in 2023, followed by Food Companies.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 40.03% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Food Safety Testing Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Food Safety Testing Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Food Safety Testing Market, highlighting leading vendors and their innovative profiles. These include Agilent Technologies, Inc., ALS Limited, Anitox Corp., Anresco, Inc., AsureQuality, Avantor Inc., Bio-Rad Laboratories, Inc., BioFront Technologies, BioMérieux S.A., Bureau Veritas S.A., Charles River Laboratories International, Inc., Charm Sciences, Inc., Chr. Hansen Holding A/S, Clear Labs, Inc., COPAN Diagnostics Inc., Deibel Laboratories, Inc., EMSL Analytical, Inc., Equinox Labs, Eurofins Scientific SE, Evergreen Sciences, Inc., Hygiena LLC, Illumina, Inc., Intertek Group PLC, Merck KGaA, Microbac Laboratories, Inc., Mérieux NutriSciences Corporation, Neogen Corporation, PerkinElmer Inc., Promega Corporation, Qiagen N.V., R J Hill Laboratories Limited, R-Biopharm AG, Romer Labs Division Holding GmbH, SCIEX by Danaher Corporation, SGS S.A., Spectacular Labs, SwissDeCode SA, Symbio Laboratories, Thermo Fisher Scientific Inc., TÜV SÜD AG, UL LLC, and Waters Corporation.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Food Safety Testing Market, by Target Tested
7. Food Safety Testing Market, by Components
8. Food Safety Testing Market, by Technology
9. Food Safety Testing Market, by Application
10. Food Safety Testing Market, by End-Use
11. Americas Food Safety Testing Market
12. Asia-Pacific Food Safety Testing Market
13. Europe, Middle East & Africa Food Safety Testing Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Food Safety Testing Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Food Safety Testing Market?
3. What is the competitive strategic window for opportunities in the Food Safety Testing Market?
4. What are the technology trends and regulatory frameworks in the Food Safety Testing Market?
5. What is the market share of the leading vendors in the Food Safety Testing Market?
6. What modes and strategic moves are considered suitable for entering the Food Safety Testing Market?
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