The market for services related to food safety testing is anticipated to be worth $14,824.4 million in 2022. By the end of 2032, the market for food safety testing services is projected to be worth over US$ 28,701.8 million, growing at a 6.83% CAGR between 2022 and 2032.
Using a range of tools and techniques, food safety testing establishes the risks connected to consuming a particular food product. To make sure that food safety laws are being followed and to safeguard the public’s health, professional organisations that were founded by national governments frequently test food products for safety.
The global market for food safety testing is anticipated to increase significantly over the next several years due to consumer and food regulatory agency demand to ensure that food products from the food and beverage sector are safe for consumption. It is the food and beverage industry’s responsibility to ensure that the food products it produces are safe.
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Growth Drivers:
- Consumer Concerns: Increased awareness about food safety, driven by rising cases of food-borne illnesses, is a key growth driver.
- Pandemic Impact: The COVID-19 pandemic has heightened the importance of testing food products, as consumers prioritize health and safety.
- Government Regulations: Stringent regulations globally, especially in North America, contribute to the market’s growth.
- Economic Growth: Developing nations, including China, India, and Japan, witness a surge in demand for high-quality food due to economic growth.
Market Restraints:
- Lack of Awareness: Major market players’ lack of awareness about food safety regulations poses a challenge to market growth.
- Infrastructure Gap: The absence of necessary infrastructure, particularly in developing nations, hinders market growth.
- High Costs: The high cost of food safety testing items poses a threat to market expansion, limiting affordability for some industries.
Regional Analysis:
- North America: Leading the market, North America benefits from stringent regulations and increased food production.
- Asia Pacific: Anticipated to register robust growth, driven by rising demand for processed food and increased health awareness.
- Europe: Expected to witness significant growth due to the growing demand for fortified goods and beverages.
Key Takeaways:
- The global food safety testing services market is set to grow at a CAGR of 6.83% between 2022 and 2032.
- Rising demand for high-quality food, coupled with government initiatives and increased disposable income, fuels the growth of the food safety testing industry.
- North America leads the market, driven by stringent regulations and a surge in food production.
Food Safety Testing Services Market Growth Drivers
Concern over the increase in food-borne illnesses, adulteration, and toxicity has grown over time among consumers, governments, and health organisations. According to reports from the Centres for Disease Control and Prevention (CDCP), eating unhealthy food is to blame for the rise in mortality, particularly among children. This reason made the necessity for food product regulation across the board necessary. A crucial reason boosting the development of the food safety business in developing nations like China, India, and Japan is the surge in customers’ demand in high-quality food.
Furthermore, the outbreak of the current pandemic has fostered the need for testing food products globally. Consumers are conscious of their health during the C0VID-19 pandemic because of the volatility of the disease. This factor will continue to boost the food safety testing industry globally even after the pandemic is over. Although, there might be a little decline in the market but it doesn’t have a significant effect on the growth of the the market. Government stringent regulations are also a force driving the industry forward and its impact is long lived.
Food Safety Testing Services Market Restraint
The global food safety testing services market is not without its challenges. The lack of awareness among major market players about food safety regulations is a crucial force hampering the market growth. Also, the lack of necessary infrastructure, especially in developing nations, is projected to cause the market to decline in growth globally. The governments of several nations have not provided the basic infrastructures required for testing food products.
Furthermore, the cost of purchasing food safety testing items is high and not not industries can afford it. This factor is a big threat to the global food safety market and is expected to restrain the market from driving forward over the foreseeable period.
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Food Safety Testing Services Market: Region-wise Analysis
North America is the largest market for the food safety testing market owing to the regulatory bodies’ stringent regulations in the region. Also, the rise in the production of food products within the region is a driving force moving the market forward.
Aisa Pacific and Europe are estimated to register robust growth in the food safety testing market due to the rise in demand for processed food and the increase in awareness regarding health consciousness among consumers. The rise in disposable income in countries like China, India and Japan is expected to fuel the growth of food safety testing market within the Asia Pacific region.
Competitive Landscape:
- Accugen Laboratories
- Adpen Laboratories
- Aegis Food Testing Laboratories
- ALS Limited
- Asurequality Limited
- Avomeen Analytical Services
- Bio-Rad Laboratories
- Bureau Veritas SA
- Campden Bri
- Det Norske Veritas As (DNV)
- Emsl Analytical Inc
- Eurofins Scientific
- Exova
- Food Hygiene & Health Laboratory
- Genon Laboratories Ltd
- Idexx Labora
Food Safety Testing Services Market: Competitive Landscape
- Accugen Laboratories
- Adpen Laboratories
- Aegis Food Testing Laboratories (Vanguard Sciences)
- ALS Limited, Asurequality Limited
- Avomeen Analytical Services
- Bio-Rad Laboratories
- Bureau Veritas SA
- Campden Bri, Det Norske Veritas As (DNV)
- Emsl Analytical Inc
- Eurofins Scientific
- Exova, Food Hygiene & Health Laboratory
- Genon Laboratories Ltd
- Idexx Labora
Region-wise Analysis
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
Report Highlights
The research report presents a comprehensive assessment of market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data and projections with suitable set of assumptions and methodology. Research report provides analysis and information by categories such as market segments, geographies, types, technology and applications.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies
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