Food Safety Testing Market Size - USD 32.21 Bn by 2027

Food Safety Testing Market Size - USD 32.21 Bn by 2027

Apr 19, 2021, 6:38:07 AM Business

The latest report on food safety testing market by Precedence Research, Market Insight, Overview By Industry Top Manufactures, Size, Trends, Industry Growth Analysis & Forecast till 2027. The research report offers complete information related to market growth, demand and supply, opportunities and research updates in the food safety testing market.

The report analyzes and forecasts the food safety testing market at a global and regional level. The study includes drivers and restraints of this market. The study provides an analysis of the global food safety testing market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2020 is considered as the base year.

The global food safety testing market size is projected to be valued at USD 32.21 billion by 2027, expanding at a CAGR of 7.2% from 2020 to 2027.

Growth Factors

Escalating sales of processed and packaged food in developing and developed nations due to influences such as increasing popularity of quick-service restaurants and varying lifestyles is expected to push the requirement for safety testing of eatable items. Furthermore, intensifying need for quality tests for unprocessed and processed meats is influencing the growth of global food safety testing market. Upsurge in the frequencies of food-borne infections that have led to the employment of stern food safety regulations is also projected to drive the market expansion during years to come.

The fruits and vegetables testing demand is anticipated to propagate at noteworthy growth rate throughout the assessment period. Countless outbreaks of food-borne infection principally in the U.S., Japan, and Canada have been credited to pathogen contamination, particularly E. coli 0157 and Salmonella in fruit juices and sprouted seeds. Good agricultural practices and noble sanitation practices are the foundation for the safe production of fresh vegetables and fruits. Nevertheless, the monitoring and detection of effective acute control points in the production of vegetables and fruits still remains a fact of apprehension Fresh fruits and vegetables testing need traditional and rapid technical methods, however, rapid technology is generally utilized for GMO testing of vegetables and fruit.

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Report Highlights

Global food safety testing market is compelled by augmented user alertness concerning the safety facets of different food items

There has also been an elevated need for innovative food testing technologies to identify the incidence of food pollutants, as they are more effectual and lucrative than outdated manual, time-consuming approaches

The Europe occupied prevalent revenue share in the global food safety testing market in 2019

North American food testing market is estimated to show healthy growth due to implementation of stringent food safety regulations across the region

The major key players operating in the food safety testing market are SGS S.A., Eurofins SGS Group, TUV SUD, Bureau Veritas, Intertek, Agilent Technologies Inc, Thermo fisher Scientific Inc, Shimadzu Corporation, and PerkinElmer Inc 

Key Players 

Many manufacturers in the marketplace are concentrating on outfitting to the growing requirements of the consumers to make sure excellence and lengthier shelf life of beverages such as energy drinks, soft drinks, and fruit juices. Also, progression in the usage of concentrates and preservatives in milk and milk products is likely to result in augmented safety testing measures.

Global food safety testing marketplace is an extremely fragmented market with the existence of numerous global and local companies. Foremost market players deliver a comprehensive range of analytical services for the testing of finished products and raw materials. Companies also deliver microbiological testing of food products residue, shelf-life testing, contaminant analysis, and other services.

Some of the prominent players in the food safety testing market include:

  • SGS S.A.
  • Eurofins SGS Group
  • Bureau Veritas
  • Intertek
  • Agilent Technologies Inc
  • Thermo fisher Scientific Inc
  • Shimadzu Corporation
  • PerkinElmer Inc

Market Segmentation

 By Application

  • Beverages
  • Meat, poultry, & seafood products
  • Dairy & dairy product
  • Cereal, grain, & pulse
  • Processed food
  • Others

By Technology

  • Genetically Modified Organism Testing
  • Allergen Testing
  • Chemical & Nutritional Testing
  • Residues & Contamination Testing
  • Microbiological Testing
  • Others

Regional Segmentation

  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia and Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia, Korea and Rest of Asia Pacific)
  • Latin America (Brazil and Rest of Latin America)
  • The Middle East and Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)

What Our Report Offers:

1. food safety testing Market estimates of all the key segments, sub-segments, and the regional markets from 2020 to 2027.

2. Market Trends (Drivers, Restraints, Opportunities, Threats, Challenges, Investment Analysis, and Key Proposals).

3. Market share appraisals for all the local and the global regional segments.

4. Strategic recommendations in food safety testing key business sections in light of the market estimations.

5. Competitive analysis detailing the key growth trends and inclinations.

6. Market share and size of all the foremost industry players.

7. Strategic proposals for the new participants.

8. Company profiling with comprehensive approaches and methodologies, financials, and latest technological developments.

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