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) between 2022 and 2032 of 6.83%.
Food safety testing uses a range of tools and techniques to assess the risks involved in consuming a particular food product. To guarantee that food safety laws are being observed and to safeguard the public’s health, professional organizations founded by national governments conduct routine safety testing on food products.
Over the next several years, it is anticipated that the global market for food safety testing will see significant growth due to consumer and food regulatory agency need to ensure that products from the food and beverage industry are safe for consumption. The food and beverage industry is in charge of guaranteeing the security of the food products it manufactures.
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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.
Moreover, the global pandemic outbreak has increased the demand for food product testing. Because the C0VID-19 pandemic is so unpredictable, consumers are mindful of their health during this time. Even when the pandemic is ended, this element will support the worldwide food safety testing sector. Even though the market may have a slight downturn, it won’t have a big impact on the market’s expansion. Strict government restrictions are another factor propelling the sector forward, and they have a lasting effect.
Food Safety Testing Services Market Restraint
There are difficulties facing the worldwide market for food safety testing services. One of the main factors impeding the market’s growth is the big participants’ ignorance of food safety laws. Additionally, it is predicted that the absence of essential infrastructure, particularly in emerging countries, will slow the worldwide market’s growth. Several countries’ governments have neglected to provide the fundamental facilities needed for food product testing.
Moreover, enterprises cannot afford the high expense of obtaining food safety testing equipment. This aspect poses a serious risk to the global food safety industry and is likely to impede its growth in the near future.
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
About FMI
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