|Market Size in 2020||Market Forecast in 2028||CAGR (in %)||Base Year|
|USD 5.9 Billion||USD 10.8 Billion||7.9%||2020|
Food Safety Testing Market
The global food safety testing market accounted for USD 5.9 Billion in 2020 and is expected to reach USD 10.8 Billion by 2028, growing at a CAGR of 7.9% from 2021 to 2028.
Food Safety Testing is a process of inspecting food products that are hazardous to human health. Various techniques are used to identify pathogens, chemicals, and genetically modified organisms. Food safety is a huge concern for users owing to the stable danger of food-borne diseases, thereby having a towering effect on the food safety testing market. Food safety testing is essential to attain a certificate of analysis of ready-to-eat foods and raw food items at various phases of food processing. Users are offered with food safety tags on food items to guarantee the safety and quality of food items. This in turn has elevated the significance of the global food safety testing market.
The food & Process food industry as a whole had been growing at a significant growth rate prior to the COVID-19 outbreak; however, it has experienced an anomaly in recent times as consumers are being selective in their purchases. The disruption of the supply chain has further crippled the out-of-home consumption of food & process food. Although the out-of-house consumption of food & process food witnessed a standstill, the at-home consumption of food has significantly increased; thereby, observing a significant share in the global food & process food market. Furthermore, the demand for staple and packaged food has witnessed an upward trend recently, which is attributed to the active lockdown, the absence of convenient home delivery options, and precautionary action taken by people to prevent getting infected by the coronavirus.
However, the outbreak of the novel coronavirus has slightly affected the growth of the Food Safety Testing market. The significant decrease in the global Food Safety Testing market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on the economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary contaminants and the current data available about the situation.
The global food safety testing market has been showing incredible development with rising food-borne diseases all over the world. The growth of the global food safety testing market is boosted by increasing user awareness related to food safety. Regions all over the world are experiencing food disease epidemic instances in addition to the due occurrence of chemical contaminants and microbial pathogens. The major players in the global food safety testing market are experiencing increasing requirements for food safety testing due to health concerns and elevating awareness among users. Mergers and acquisitions among market players are also major reason for market growth. For instance, in July 2018, Eurofins Scientific acquired Laboratorios Ecosur, a food testing firm with laboratories in Turkey and Spain.
|Report Attributes||Report Details|
|Report Name||Food Safety Testing Market|
|Market Size in 2020||USD 5.9 Billion|
|Market Forecast in 2028||USD 10.8 Billion|
|Growth Rate||CAGR of 7.9%|
|Number of Pages||110|
|Key Companies Covered||M Company, Biocontrol Systems Incorporated, Bio-Rad Laboratories Incorporated, Roka Bioscience, Douglas Scientific, Agilent Technologies Incorporated, Ecolab Incorporated, and IDDEX Laboratories INC among others.|
|Segments Covered||By Technology, By Contaminate, By Application, By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)|
|Historical Year||2016 to 2020|
|Forecast Year||2020 – 2028|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
The market is segmented into Traditional and Rapid. Rapid antioxidants accounted for the most dominant segment. Emerging economies mostly rely on Rapid antioxidants due to their lesser cost compared to Traditional antioxidants. However, Traditional antioxidants are gaining importance in the market and this segment is expected to grow with a higher CAGR compared to that of Rapid antioxidants.
By application, the market is segmented into Meat & poultry, dairy, Process food, Fruit & vegetables, and other applications. The market for Food Safety Testing is directly influenced by the increase in the purchasing power of the global population, owing to their use in applications such as prepared foods, prepared meat & poultry, Process food, dairy, Fruit & vegetables, and others. The application of Food Safety Testing in the prepared meat & poultry industry accounted for the largest share in 2020. Busier lifestyles, growth in disposable income, and more women entering the workforce are the key reasons driving the market for convenience-based products such as prepared meat & poultry. Prepared meat & poultry represents an opportunity for the key market players to invest in R&D and introduce Food Safety Testing for nutrient, flavor, and color stability of meat & poultry products.
North America ruled the food safety testing market earlier in 2015. The largest piece of pie for this region can be credited to different factors such as increasing government regulations and elevated prevalence of food disease. Europe is one of the primary regions in the food safety testing market owing to elevated awareness about food safety policies by the government in this area. The Asia Pacific displays an area with a huge potential for food safety testing market owing to augmented stress on food securities in this area.
Some of the key players in the Food Safety Testing market are M Company, Biocontrol Systems Incorporated, Bio-Rad Laboratories Incorporated, Roka Bioscience, Douglas Scientific, Agilent Technologies Incorporated, Ecolab Incorporated, and IDDEX Laboratories INC among others.
The global Food Safety Testing market is segmented as follows:
The global Food Safety Testing market was valued at USD 5.9 Billion in 2020.
The global Food Safety Testing market is expected to reach USD 10.8 Billion by 2028, growing at a CAGR of 7.9% between 2021 to 2028.
Some of the key factors driving the global Food Safety Testing market growth are incredible development with rising food-borne diseases and increasing user awareness related to food safety.
North America ruled the food safety testing market earlier in 2020. The largest piece of pie for this region can be credited to different factors such as increasing government regulations and elevated prevalence of food disease.
Some of the major companies operating in Food Safety Testing market are 3M Company, Biocontrol Systems Incorporated, Bio-Rad Laboratories Incorporated, Roka Bioscience, Douglas Scientific, Agilent Technologies Incorporated, Ecolab Incorporated, and IDDEX Laboratories INC among others.