Food Safety Testing Global Market to Reach $31.1 Billion by 2027 at a CAGR of 8.1%

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Nov 18, 2022, 06:15 ET

DUBLIN, Nov. 18, 2022 /PRNewswire/ -- The "Food Safety Testing Market by Target Tested, Technology (Traditional and Rapid), Food Tested (Meat, Poultry, Seafood, Dairy, Processed Foods, Fruits & Vegetables, and Cereals & Grains) and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The market for Food safety testing is estimated at USD 21.1 Billion in 2022; it is projected to grow at a CAGR of 8.1% to reach USD 31.1 Billion by 2027. The market for food safety testing is stridden with the increasing domestic demand/consumption of food products that would need food safety certification to meet regulatory compliances and with the increasing food trade across the globe has increased the demand for food safety testing globally to reduce the risk of foodborne outbreak and illness and prevent food fraud.

Food safety testing is a scientifically based method to determine food safety based on its microbiological, physical, or chemical composition. Food safety testing needs to be accurate, and definite. Food safety testing helps to address the world's growing demand for safer food and the sustainability of the food supply. Every year, food safety issues cause economic losses in countries all across the world. It has been estimated that low to middle-income countries suffers at least USD 100 billion in losses per year due to foodborne illnesses. There is a need for access to a clean, safe, and sustainable food supply for human consumption.

The Fruit and vegetable segment by food tested is projected to observe the second-highest CAGR in the food safety testing market throughout the forecasted period

Fruits & vegetables naturally carry non-pathogenic microorganisms. However, during their growth, harvesting, transportation, further processing, and handling, they can be contaminated by pathogens, pesticides, and GMOs. The main reason for the contamination is the pesticide residue on fruits and vegetables. Hence, their market is estimated to observe growth in pesticide residue testing in the near future.

The GMOS segment by target tested is projected to account for the highest CAGR in the global food safety testing market

The market for GM food safety testing has been driven by the emergence of GM crops and the usage of GMO ingredients by multinational companies with extensive reach. Genetically modified crops are increasingly gaining acceptance and their adoption has brought huge economic and environmental benefits. In the past 17 years, these achievements have been primarily supported by two simple traits of herbicide tolerant and insect resistant crops.

The PCR-based testing, by Rapid technology, is projected to attain the fastest market growth in the food safety testing market throughout the forecasted period

Today, a range of pathogens can be analyzed with rapid PCR systems, depending on the individual system. These include Salmonella spp., Listeria spp., Listeria monocytogenes, Campylobacter jejuni, Cryptosporidium parvum, E. coli O157 and E. coli O157:H7. Additionally, PCR tests can detect spoilage organisms in beer and can qualitatively and quantitatively detect genetically modified organisms (GMOs) in soy and maize, as well as used for general GMO screening of other food types. Hence, it has gained a wide acceptance across the food industry and therefore supported the growth of food safety testing market.

Market Dynamics

Drivers

Cross-Contamination of Food Products due to Complex Processes
Stringent Food Safety Regulations
Availability of Advanced Rapid Technology
Increase in Demand for Convenience and Packaged Food Products
Rising Food Recalls due to Non-Compliant Food Products
Rise in Consumer Awareness About Food Safety

Restraints

Lack of Coordination Between Market Stakeholders and Improper Enforcement of Regulatory Laws and Supporting Infrastructure
Complexity in Testing Techniques
Difficulties in Detection of Unknown Adulterants by Chemical Tests
Varying Test Results with Test Methods

Opportunities

Technological Advancements in Testing Industry
Spike in Food Safety Concerns After COVID-19

Challenges

Lack of Harmonization of Food Safety Standards
High Cost Associated with Procurement of Food Safety Testing Equipment

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Regulations for Food Safety Testing Market

8 Food Safety Testing Market, by Target Tested

9 Food Safety Testing Market, by Food Tested

10 Food Safety Testing Market, by Technology

11 Food Safety Testing Market, by Region

12 Competitive Landscape

13 Company Profiles

14 Adjacent and Related Markets

15 Appendix

Companies Mentioned

AGQ Labs Usa
Agrolab GmbH
ALS Limited
Asurequality
Bureau Veritas
Campden Bri
Certified Laboratories
Cotecna Inspection Sa
Daane Labs
Element Materials Technology
Eurofins Scientific
Foodchain Id
IFP Institut Fur Produktqualitat GmbH
Intertek Group plc
Microbac Laboratories, Inc.
Mitra Sk Private Limited
Merieux Nutrisciences Corporation
Neogen Corporation
Nova Biologicals
R J Hill Laboratories Limited
Romer Labs
SGS SA
Symbio Laboratories
Tuv Nord Group
Tuv Sud

For more information about this report visit https://www.researchandmarkets.com/r/ivlz9t

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