The market for services related to food safety testing is anticipated to be worth $14,824.4 million in 2022. By the end of 2032, the market for food safety testing services is estimated value to exceed US$ 28,701.8 million, with a compound annual growth rate (CAGR) of 6.83% from 2022 to 2032.
Food safety testing determines the dangers associated with consuming a specific food product by employing a variety of instruments and procedures. Food products are regularly tested for safety by professional groups established by national governments to ensure that food safety regulations are being followed and to protect the public’s health.
The desire from consumers and food regulatory agencies to guarantee that food items from the food and beverage sector are safe for consumption is expected to drive a large expansion in the global market for food safety testing over the coming years. Ensuring the safety of the food products it produces is the responsibility of the food and beverage sector.
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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.
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.
Key Takeaways:
Market Growth: The food safety testing services market is set to witness substantial growth, surging from $14,824.4 million in 2022 to over $28,701.8 million by 2032, showcasing a robust CAGR of 6.83%. Drivers of Growth: Increasing concerns over food-borne illnesses, adulteration, and toxicity are driving demand for food safety testing services globally. The surge in demand for high-quality food in developing nations further contributes to market expansion. Global Impact of Pandemic: The COVID-19 pandemic has heightened the global need for testing food products, with consumers prioritizing health.
This trend is expected to persist even after the pandemic, sustaining market growth. Challenges Faced: Lack of awareness among major market players about food safety regulations and inadequate infrastructure in developing nations pose challenges to market growth. Additionally, the high cost of food safety testing items may restrain market progress. Regional Dynamics: North America leads the market due to stringent regulatory bodies, while Asia Pacific and Europe are poised for robust growth, driven by increasing demand for processed food and rising health consciousness. Competitive Landscape: Key players shaping the food safety testing services market include Accugen Laboratories, Adpen Laboratories, ALS Limited, Eurofins Scientific, and others. A competitive market with players focusing on innovation and compliance.
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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
Global Food Safety Testing Services Market Segment Analysis
The global food safety testing market can be segmented on the following basis:
By Test
- Allergen Testing
- Chemical and Nutritional Testing
- Genetically Modified Organism Testing
- Microbiological Testing
- Residue and Contamination Testing
- Others
By Application
- Meat, Poultry and Seafood Products
- Dairy and Dairy Products
- Beverages
- Processed Food
- Cereals & Grains
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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