Food Safety Testing Market Size Worth $30.1 Billion by 2025 | CAGR: 7.7%: Grand View Research, Inc.

SAN FRANCISCO, Sept. 9, 2019 /PRNewswire/ -- The global food safety testing market size is expected to reach USD 30.1 billion by 2025, escalating at a CAGR of 7.7% over the forecast period, as per a new report by Grand View Research Inc. Rise in the outbreak of foodborne diseases and the enforcement of stringent regulatory norms regarding optimum quality of edible items are expected to drive the demand for product safety in the market over the projected period.

Key suggestions from the report:

• Allergen segment accounted for 12.8% of the revenue share of the market in 2018 owing to its extensive usage in advanced production processes and minimize contamination risks
• Dairy & dairy products segment is expected to grow at a CAGR of 7.7% from 2019 to 2025 owing to increasing assessment of shelf-life for milk & dairy products to demonstrate compliance with statutory requirements
• The food safety testing market in Asia Pacific is expected to grow at 8.9% from 2019 to 2025.

Read 196 page research report with TOC on "Food Safety Testing Market Size, Share & Trends Analysis Report By Test (Allergen Testing, Chemical & Nutritional Testing), By Application (Meat, Poultry, & Seafood Products), By Region, And Segment Forecasts, 2019 - 2025" at: https://www.grandviewresearch.com/industry-analysis/food-safety-testing-industry

Governments and food producers have undertaken extensive efforts to improve the quality of edible products owing to health concerns and economic losses caused by contamination. In addition, the presence of authorities, such as the FDA and FSSAI, to ensure conformance to quality standards for the products, is expected to result in increased safety checks. The market for this type of safety checks is highly competitive in nature as key players compete not only with other companies that conduct tests but also with the internal analytics departments of end users and government agencies.

The food safety testing market is witnessing notable technological developments such as the usage of electrical biosensors in microbiological safety testing. This is expected to reduce the analysis time with increased accuracy in results. In addition, increasing expenditure by processing companies to ensure higher quality of edible items is expected to bode well for market growth.

The existence of inadequate regulatory infrastructure in underdeveloped countries due to limited resources and lack of restructuring of food regulatory agencies is expected to limit growth. However, the industry in Asia Pacific is expected to grow owing to notable growth of food processing sector in developing economies such as India and China and the enforcement of stringent regulations regarding product safety. Increasing awareness regarding quality checks and the examining of edible products are also expected to contribute to the market growth over the forecast period.

Grand View Research has segmented the global food safety testing market on the basis of test, application, and region:

• Food Safety Testing Test Outlook (Revenue, USD Million, 2014 - 2025)
• Allergen Testing
• Chemical & Nutritional Testing
• Genetically Modified Organism (GMO) Testing
• Microbiological Testing
• Residues & Contamination Testing
• Others
• Food Safety Testing Application Outlook (Revenue, USD Million, 2014 - 2025)
• Meat, Poultry & Seafood Products
• Dairy & Dairy Products
• Processed Food
• Beverages
• Cereals & Grains
• Others
• Food Safety Testing Region Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Asia Pacific
• China
• Japan
• India
• Central & South America
• Brazil
• Middle East & Africa
• South Africa

Find more research reports on Food Safety and Processing Industry, by Grand View Research:

• Food Texture Market – Global food texture demand is expected to grow at a steady rate on account of increasing developments in food processing industry. U.S. is expected to have high demand on account of extensive usage of packaged items and cola beverages.
• Food Enzymes Market – Globally increasing food enzyme application in end-use markets such as beverages, dairy and confectionary owing to its environment friendly property is expected to be the key driving factor for food enzymes market growth over the next seven years.
• Poultry Meat Processing Equipment Market – Global poultry meat processing equipment market is expected to witness augmented growth on account of rising consumer preference for high-protein foods and technological developments in food processing equipment.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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