USD 21.3 Billion
Report ID:
SQMIG20Q2012 |
Region:
Global |
Published Date: March, 2024
Pages:
198
|
Tables:
96 |
Figures:
76
Global Food Safety Testing Market size was valued at USD 21.3 Billion in 2022 and is poised to grow from USD 22.96 Billion in 2023 to USD 41.87 Billion by 2031, growing at a CAGR of 7.8% in the forecast period (2024-2031).
Markets play a key role in protecting public health by detecting and preventing the occurrence of pollution and infections, poisons, chemical residues, allergies and other dangerous things in food. The increasing number of foods borne illnesses worldwide has emphasized the importance of comprehensive food safety testing. Food borne illnesses, product recalls and safety incidents have increased the demand for tested and certified foods. The development of international food trade has led to extensive food safety testing to meet import and export standards. Harmonization of food safety standards and increased cross-border food trade has accelerated the expansion of the global food safety testing market. Improved testing techniques and procedures have increased the efficiency and accuracy of food safety testing.
The requirement to keep up with changing legislation makes testing methods difficult and may require additional resources. Obtaining representative samples for testing can be difficult especially in large food production and supply networks. For valid test results, it is important to ensure that the samples taken are accurately representative of the entire batch or lot of food.
Food safety testing key players are benefiting from the growth of international food trade. When cross-border operations expand the need for extensive testing to ensure compliance with import and export regulations increases. These technologies can facilitate the tracking and control of food safety test data. Growing awareness of food safety, stricter laws and technological improvements contribute to the continuous expansion of the global market.
The market offers significant opportunities for existing and new companies as consumers demand security quality food increases. The need for food safety testing is expected to increase in the coming years due to continued RandD investments adoption of the latest experimental technologies and expansion into developing regions.
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 type, technology, tested food and region. By type, the market is segmented into pathogens, genetically modified organisms (GMO), chemicals, toxins and others. By technology, the market is segmented into agar-culturing, PCR-based assay, immuno assay-based and others. By tested food, the market is segmented into meat products, dairy products, cereals, grains, pulses, processed food and others. By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Analysis By Type
The pathogen held the largest share of the food safety testing market in 2023 with a CAGR of 7.1%. In addition, rapid pathogen testing techniques have become very popular in the food industry. These methods include new advances in sensors, antibody-based assays, and genetic amplification techniques. Enrichment is a traditional coating technique that has limitations, such as achieving results within days, as opposed to more modern rapid methods that produce results in just a few hours.
As concerns about chemicals, genetically modified organisms (GMO) is the fastest growing segment within the global food safety testing market. There have been increasing requests for health-related exercises recently because experts have shown chemical contaminants such as pesticides, heavy metals, industrial chemicals and other chemicals in food products. Higher and continuous criminality plus consumer scrutiny on the hazardous effects of chemical residues have created the opportunity to use more comprehensive and cost–effective chemical testing solutions. As food safety standards become more elaborate and stringent, industries are turning this attention to investments in advanced technologies for effective and sensitive chemical detection of future contaminants thus this removes chemicals as the fastest growing factor in the food safety testing market.
Analysis By Technology
The PCR-based assay segment had the largest food safety testing market share in 2023 and is expected to have the largest market share during the forecast period as real-time polymerase chain reaction is a quick and affordable quantitative technique that helps in detecting both intentional and unintentional food adulterations brought on by biological contaminants by quantifying the amount of certain DNA-segments present in samples. The reliability, efficiency, and versatility of PCR-based assays have propelled their adoption across various food types and contaminant categories, contributing significantly to the dominance of this segment in the market.
Immunoassay tests segment is emerging as the fastest growing segment within the global food safety market. Immunoassays give a quick and reasonably priced analysis of contaminants using the process of the involvement of specific antibody-antigen recognition abilities. Their design that is able to streamline the process, is relatively quick and does multiple tests at the same time, is the reason why they are most of the time the preferred method of screening large numbers of food samples in the shortest time frame. Also, the ongoing boost of immunoassay technology, for example the lateral flow assays and multiplexing features, promise to improve their sensitivity and accuracy each day, thus inspiring their use for the testing of food safety applications. The rise in the demand for fast testing approaches requires the development of immuno-assay alternative testing products in the market that boosts the growth rate of immunoassay systems.
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North American region holds the largest share in the global food safety testing market. Stringent regulations for food safety, expansion of GMO foods and the increasing contaminant illnesses are major factors contributing to growth of the market. Demand in UK and Germany drives the market in the European region. Contaminant and food borne diseases in the UK drive the food industry to go for food safety testing technologies to aim for better quality. The Asia- Pacific region is the fastest emerging market due to factors such as increasing population, increasing demand for food products and increasing stringent regulations for food safety.
China and India drive the Asia-Pacific region as awareness among consumers regarding the need for healthier foods has increased in these countries over the past few years. Moreover, the regulations related to food safety led to improvement in the hygiene standards in the food processing industry and it pushed the industry to adopt advanced food safety testing techniques. Japan is expected to benefit from patents and innovations in the food safety testing obtained by its major players in the market.
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Drivers:
Rise in Food Borne Illnesses:
Growing Demand and Popularity for Clean-label Food
Restraints
Lack of Food Testing Infrastructure:
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The global food safety testing market is expected to be highly competitive due to the active presence of many market players. Major companies are trying to adopt innovative testing methods, implement effective marketing strategies and promote their services to meet the growing demand for safe food, which will ultimately lead the market to further growth. In addition, the demand for reliable, rapid and cost-effective testing solutions in various food segments, including processed foods, meat products and fruits and vegetables, is driving innovation and product development in the market.
Top Player’s Company Profile
Recent Developments
Growing Concerns about Food borne Diseases to Support Market Growth:
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our food safety testing market analysis, there are several factors that shape the path of food safety testing market. The food safety testing market plays a critical role in ensuring the safety and quality of food products consumed by individuals worldwide. The market overview provides valuable insights into the current state, key trends, and prospects of the food safety testing market. The food safety testing market is experiencing substantial growth, driven by increasing regulatory requirements, growing consumer awareness of food safety issues, and advancements in testing technologies. The market offers lucrative opportunities for industry participants involved in food production, testing laboratories, and regulatory bodies. However, challenges such as complex and evolving regulations, high testing costs, and the need for skilled personnel exist. Overall, the outlook for the food safety testing market is promising, with the potential for continued growth and innovation.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 21.3 Billion |
Market size value in 2031 | USD 41.87 Billion |
Growth Rate | 7.8% |
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 Global 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 Global 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 Global 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 Global Food Safety Testing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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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.
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Product ID: SQMIG20Q2012