Food Safety Testing Market was valued at USD 21.42 Bn. in 2022. The Global Food Safety Testing Market size is expected to grow at a CAGR of 8.2% over the forecast period.
Food Safety Testing Market Overview:
For the global industry’s Food Safety Testing market analysis, a research team did thorough primary and secondary research. Secondary research was carried out in order to enhance the existing data, segment the market, estimate overall market size, and predict the market size, and growth rate.
The worldwide Food Safety Testing market’s growth reasons, as well as the market’s many users, are discussed. Data is provided by market participants, regions, and specific requirements. This market-ready study proposal includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis should be presented in the form of statistics, infographics, and presentations.
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Market Scope:
Our team collects market information and data from a number of sources in order to provide a more realistic regional perspective. The study’s country-level analysis is based on a review of several regional stakeholders, regional tax laws and policies, consumer behaviour, and macroeconomic statistics.
The Food Safety Testing market’s competitive landscape provides information from a rival. The facts include a corporate overview, financials, revenue generated, market potential, investment in research and development, new market efforts, geographical presence, firm strengths and weaknesses, product introduction, product width and breadth, and application dominance. The data points displayed above are exclusively related to the businesses’ focus on the Food Safety Testing industry.
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Dynamics:
Food safety testing helps to preserve the quality of food products in terms of appearance, components, and flavour. Growing concerns about food and water safety, as well as tighter environmental regulations, are increasing the need for contaminants to be evaluated, resulting in an increase in food safety testing demand. This, along with rising demand for the quality indicator in preserved foods, dried processed foods, bakery items, and infant foods, is fueling market expansion.
Segmentation:
by Contaminants
Pathogens
Pesticides
GMO’s
Toxin
Others
by Technology
Agra Culturing
PCR-based assay
Immunoassay-based
Others
by Food Tested
Meat & meat products
Dairy & dairy products
Cereals
Grain & Pulses
Processed food
The Food Safety Testing Market is divided into Contaminants, Pathogens, Pesticides, GMOs, Toxins, and Others. Pathogens held the biggest market share in 2022, accounting for 41%. Millions of cases of infectious gastrointestinal disorders are recorded each year as a result of food-borne viruses, costing billions of dollars in medical care and lost productivity. Pathogen evolution, changes in agricultural and food production practises, and changes in human host status are all factors to consider. As a result, food makers are aggressively testing them. Other microbiological hazards include bacteria, viruses, environmental toxins, dietary allergies, and adulterants.
The Global Food Safety Testing Market is classified into Agar culturing, PCR-based test, Immunoassay-based, and others based on technology. As compared to conventional methods known as Agra culturing methods, PCR-based assay and immunoassay-based methods have dominated these areas since they are the most accepted methods, as ongoing developments have discovered that they are suitable for all food products. The rapid inspection technology segment of the food safety testing market is expected to develop, and PCR techniques and immunoassay-based technologies are examples of these technologies. It delivers precise findings in a short amount of time, fueling the rapid growth of the technology industry.
The Global Food Safety Testing Market is divided into four categories: meat and meat products, dairy and dairy products, cereals, grains, and pulses, and processed items. Meat and meat products are expected to account for around 28% of the worldwide market by 2029. The global meat consumption per capita of more than 48kg is being driven by trends towards improved macronutrient intake and high protein content in meat products. Changes in food legislation put pressure on manufacturers to increase the number of tests they do in order to promote industry progress. Based on the HACCP Food Safety limit System, the Food Safety and Inspection Service (FSIS) provides established requirements to limit the contamination of meal products in slaughter houses and processing plants.
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Key Players: The key players are
1. Food Safety Net Services
2. Ugene Laboratory Services Pte Ltd.
3. Symbio Laboratories
4. Intertek Group Plc
5. SGS S.A
6. Bureau Veritas
7. Euro fins Scientific
8. TUV SUD
9. Kedah Bioresources Corporation
10. ALS Limited
11. TUV NORD Group
12. QIMA
13. Pacific Lab
14. NEOGEN Corporation
Regional Analysis:
A country-level study of the Food Safety Testing Market focuses on segments identified as potentially high-growth, countries with the biggest market share, and nations with the greatest development potential. North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations are the geographical breakdowns in the Food Safety Testing Market study.
COVID-19 Impact Analysis on Food Safety Testing Market: The report covers COVID-19 impact on Food Safety Testing market.
Key Questions Answered in the Food Safety Testing Market Report are:
- What will be the CAGR of the Food Safety Testing market during the forecast period?
- Which segment emerged as the leading segment in the Food Safety Testing market?
- Which are the prominent players in the Food Safety Testing market?
- What will be the Food Safety Testing market size by 2027?
- Which company held the largest share in the Food Safety Testing market?
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