DUBLIN, Jan. 28, 2019 /PRNewswire/ --
The "Food Safety Testing Market by Target Tested (Pathogens, Pesticides, GMOs, Mycotoxin, Allergens), Technology (Traditional, Rapid), Food Tested (Meat, Poultry, Seafood, Dairy, Processed Foods, Fruits, Vegetables), and Region-Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
Increase in global outbreaks of foodborne illnesses and stringent food safety regulations is expected to drive the overall growth of the food safety testing market.
The global food safety testing market size is projected to grow from USD 17.0 billion in 2018 to USD 24.6 billion by 2023, at a CAGR of 7.7% during the forecast period.
The food safety testing market is driven by various factors such as an increase in global outbreaks of foodborne illnesses, globalization in food trade, stringent food safety regulations, and the availability of advanced rapid technology. However, the lack of coordination between market stakeholders and improper enforcement of regulatory laws & supporting infrastructure in developing countries can hinder the growth of the market.
The pathogens segment is estimated to dominate the food safety testing market in 2018.
The pathogens segment is estimated to account for the largest share in 2018, in terms of value. Pathogens are harmful and contagious agents liable for food contamination, resulting in diseases in the host. They form a major part of food contaminants; Salmonella, E. coli, Listeria, and Campylobacter are the major pathogens responsible for food contamination and toxicity; they account for nearly 99% of the contaminants present in food and account for 96% of food safety testing. Other pathogens responsible for food contamination are Staphylococcus and Shigella, among others. In developing and under-developed countries, pathogens are the major cause of illness and death, amounting to approximately 1.8 million deaths, annually. These factors are expected to drive the pathogens segment.
Rapid food safety techniques are projected to account for the larger market share during the forecast period.
There is an increasing demand for rapid tests from food manufacturers, to test an adequate number of samples in less time, thereby accelerating the supply chain activities. Rapid microbiology involves advanced technology that is used for isolation, early detection, characterization, and enumeration of microorganisms and their by-products such as toxins from the provided samples. Rapid technology in the food industry is used to monitor the count, type, and metabolites of microorganisms that lead to food spoilage, preservation, fermentation, safety, and foodborne pathogens.
Asia Pacific is projected to be the fastest-growing region in the food safety testing market.
The market in Asia Pacific is projected to be the fastest-growing due to higher adoption of new technologies with increasing foodborne illnesses. The growth of the market in this region is driven by various rules & regulations implemented in different countries. Food security standards are increasingly becoming stringent to ensure safer supply of food to individuals in local and foreign countries. Governments have put various regulations in place for consumers, producers, and regulators.
- Increase in Global Outbreaks of Foodborne Illnesses
- Globalization in Food Trade
- Stringent Food Safety Regulations
- Availability of Advanced Rapid Technology
- Increase in Demand for Convenience and Packaged Food Products
- Rise in Outbreaks of Chemical Contamination in Food Processing Industries
- Rise in Consumer Awareness About Food Safety
- Lack of Coordination Between Market Stakeholders and Improper Enforcement of Regulatory Laws & Supporting Infrastructure in Developing Countries
- Technological Advancements in the Testing Industry
- Lack of Harmonization of Food Safety Standards
- High Cost Associated With Procurement of Food Safety Testing Equipment
Upcoming Trends Expected to Impact the Food Safety Testing Market
- Food Safety on Traceability Systems and Food Diagnostics
- Regulatory Impositions on GM Labeling
- Introduction of Global Food Safety Initiative (Gfsi)
- Rapid Alert System for Food and Feed (Rasff) to Report Food Safety Issues
- Food Safety Testing Laboratories and Laws & Legislations
- Als Limited
- Bureau Veritas
- Food Chain Id
- Microbac Laboratories
- Neogen Corporation
- Rj Hill Laboratories
- Romer Labs
- Symbio Laboratories
- TV Nord Group
- TV SD
For more information about this report visit https://www.researchandmarkets.com/research/5xrfzl/global_food?w=5
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