USD 21.3 Billion
Report ID:
SQMIG20Q2012 |
Region:
Global |
Published Date: July, 2024
Pages:
198
|Tables:
96
|Figures:
76
Food Safety Testing Market size was valued at USD 28.5 Billion in 2022 and is expected to grow from USD 30.69 Billion in 2023 to reach USD 55.53 Billion by 2031, at a CAGR of 7.5% during the forecast period (2024-2031).
Technological advances in tasting methods, increasing consumer awareness and global trade in foods are driving the growth of the market. Several dynamic factors have shaped the food safety testing market, including regulatory framework, technological advancements and market demand. The interaction of these factors determines the growth trajectory and innovation in the business. Key market trends include implementation of stringent food safety regulations, advances in technological research, increasing incidence of foodborne diseases, and globalization of food supply chain. These trends together influence the market players’ strategies and other analytical strategies.
Global Market Size
USD 21.3 Billion
Largest Segment
Pathogen
Fastest Growth
Genetically modified organism (GMO)
Growth Rate
7.8% CAGR
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The global food safety testing market is segmented by offering, contaminants, technology, food type, type and region. By offering, the market is segmented into Reagents & Consumables, Instruments, and Services. By contaminants, the market is segmented into Pathogens (E.Coli, Salmonella, Campylobacter, Listeria, Others), Pesticides, GMOs, Mycotoxin, Allergens, Heavy metals, Others. By technology, the market is segmented into Traditional, Rapid (Convenience-based, Polymerase Chain Reaction (PCR), Immunoassay), and Chromatography & Spectrometry. By type, the market is segmented into Microbiological Testing and Allergen Testing. By food type, the market is segmented into Meat Poultry & Seafood, Milk and Dairy Products, Processed Food, Fruits & Vegetables, Cereals & Grains, Others. By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Analysis by Type
The microbiological testing segment dominated the market in 2023 with a revenue share of 28.8%. The market will grow as it plays a vital role in the detection of microorganisms in foods through chemical, biological, molecular and biochemical detection methods. For instance, In July 2022, SGS opened the new food analysis facility in Mexico.
The allergen testing segment accounted for 12.8% of the global sales share in 2023. Increasing food allergic reaction among people leads to extended fitness attention which complements food allergy testing techniques. Furthermore, in the U.S. about 6% of adults and kids have meals allergic reactions, consequently increasing the section during the forecast duration.
Analysis by Application
The meat, poultry, & seafood products segment achieved a revenue share of 30.3% in 2023. Worldwide, many individuals consume cured poultry meat at home, restaurants, fast food restaurants, and elsewhere e.g., Global meat consumption to reach 460 to 570 billion tons by the year 2050, according to The World Counts. Therefore, it is important to ensure the quality during meat processing to reduce the risk of food-borne microorganisms.
The milk and dairy products segment are expected to grow at a CAGR of 7.7% from 2024 to 2031. Food safety in the dairy industry goes beyond disease prevention. Despite such food allergies common in childhood, dairy products are easy to remember unspecified allergies due to the wide variety of ingredients used in dairy products. The increasing number of food recalls arising from non-compliant dairy and dairy products is expected to increase the demand for analytical work.
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The North America region accounted for 31.2% of the global revenue in 2023. Offering distinctive product variety and superior food safety testing services, market players are actively involved in North America and employ sophisticated manufacturing marketing strategies. Increasing disposable income in Canada is also expected to contribute to further growth of the regional market for food safety testing. According to the Department of Health, salmonellosis, shigellosis and campylobacteriosis are the three most widespread foodborne illnesses in the state. As a result of the considerations, many businesses have begun offering high-quality food safety testing services are providing, increasing market demand.
The Asia-Pacific region is expected to grow at a CAGR of 9.0% between 2024 and 2031. The market is growing due to the implementation of stringent food safety laws and regulations. The regional growth is supported by rising demand for processed foods in rapidly developing countries such as China, Indonesia, India and Thailand. For example, the South Korean government has imposed a total ban on food and beverage packaging made from recycled materials that do not comply with national standards.
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Drivers
Strict Food Safety Regulations
Increasing Incidence of Foodborne Illness
Restraints
High Cost of Testing
Complex Legal Environment
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The Food Safety Testing Market is fiercely competitive, with the need to meet evolving consumer needs and stringent regulatory standards. Eurofins Scientific has formed a strategic partnership with Qiagen to enhance their food safety testing capabilities. Eurofins, a global leader in feed and food testing, and QIAGEN, a provider of sample testing technology, are combining their expertise to develop advanced testing solutions for the identification of pathogens, additives allergic reactions and other food contaminants. Eurofins Scientific aims to use QIAGEN’s cutting-edge molecular technology to improve the sensitivity and speed of their food testing.
Top Player’s Company Profiles
Recent Developments
Rising Adoption of Rapid Screening Methods
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types of team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, the food safety testing market is essential to ensure the safety and quality of food products globally. The market tests food for contaminants such as bacteria, pesticides, GMOs, toxins, and other dangerous substances. The demand for reliable and valid food safety testing methods is increasing due to growing concerns about foodborne diseases and stricter food safety regulations Technological advances in tasting methods, increasing consumer awareness and global trade in foods are driving the growth of this market.
Several dynamic factors have shaped the food safety testing market, including regulatory framework, technological advancements and market demand. The interaction of these factors determines the growth trajectory and innovation in the business. Key market trends include implementation of stringent food safety regulations, advances in technological research, increasing incidence of foodborne diseases, and globalization of food supply chain. These trends together influence the market players’ strategies and other analytical strategies.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 28.5 Billion |
Market size value in 2031 | USD 55.53 Billion |
Growth Rate | 7.5% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Food Safety Testing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Food Safety Testing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Food Safety Testing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Food Safety Testing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG20Q2012
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