The Global Food Safety Testing Services Market is Projected to Reach US$21.4 Billion by 2024

Growing Need to Prevent Foodborne Illnesses Amidst Implementation of Stringent Foods Safety Regulations Continues to Drive Growth in the Food Safety Testing Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Food Safety Testing market. The global Food Safety Testing services market is projected to reach US$21.4 billion by 2024, supported by the increasing focus on preventing outbreaks of foodborne diseases; maintaining quality of food products; and implementation of strict food safety regulations and sustained advances in food testing technologies.

Food safety has become a major concern for public health systems across the globe. Over the years, changing consumer preferences, transforming food consumption trends, seasonality of food products, globalization of food trade, and increased transportation of foods have led to increased concerns about food contamination and resultant foodborne illnesses due to improper handling, storage and processing of foods. The increasing use of food additives to enhance flavor or color of foods, improve their texture and also compensate for the lack of adequate nutrition in the food products also raises the risk of contamination.

Driven by the increasing concerns over contamination of food products due to improper handling or storage and under-cooking and the resultant rise in foodborne illnesses, the global market for food safety testing services is forecast to make strong gains in the upcoming years. The constant increase in food safety scandals, outbreaks of foodborne illnesses, and food-related health scares is driving food products manufacturers and retailers to emphasize on food safety. There is significant increase in contaminations and outbreaks due to microbial pathogens environmental toxins, drug residues, food allergens, and adulterants. In particular, pathogens such as listeria, E.coli and salmonella are threatening safety of foods being consumed by humans, whereby testing is becoming essential to ensure that food products are free of contaminants and microorganisms and safe for human consumption. The need for efficient and highly accurate measures to detect pathogens and contaminants throughout the food supply chain is spurring growth in the food safety testing market.

Food safety testing market is also being propelled by the changing dietary habits of consumers, rising consumer awareness about food safety, globalization of food supply network, increasing complexity of global food supply chain, rapid growth in catering services and adoption of strict regulations to detect food poisoning and food contamination. Also with the scale as well as complexity of food supply chain continuing to increase, food companies are confronting challenges in traceability, which further makes quality control a major factor to be considered at every stage. The market dynamics are significantly influenced by food safety standards set by different governments, standardization of food safety regulations, and technological shift towards rapid microbial tests. Growth in the market is also supported by the development of new and advanced technologies for food safety testing. The advent of advanced tests such as rapid testing as well as technologies such as biosensors, PCR and chromatography, among others augur well for the market.

As stated by the new market research report on Food Safety Testing, Europe represents the largest market worldwide. Driven by the implementation of strict regulatory policies by various regional economies to ensure safety of food products, the European market for food safety testing services continues to grow. With several leading market players operating R&D centers in the region, Europe is at the forefront of adopting advanced food safety technologies. Asia-Pacific is forecast to register the fastest CAGR of 8.1% over the analysis period, with growth propelled by the region’s expanding population, large and growing food and beverages industry, improving standards of living, and rising awareness about food safety. The intensifying efforts of regulatory bodies to ensure safety of food products, and manufacturers’ efforts aimed at preventing food contamination and product recalls also augur well for the market.

Major players in the market include 3M Company, bioMérieux SA, Bureau Veritas S.A., Charles River Laboratories International Inc., Charm Sciences Inc., Eurofins Scientific, FOSS A/S, Hygiena LLC, ifp Institut für Produktqualität GmbH, Intertek Group PLC, Mérieux NutriSciences, Neogen Corporation, R-Biopharm AG, Romer Labs Inc., SGS SA and Thermo Fisher Scientific Inc., among others.

The research report titled “Food Safety Testing: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Middle East & Africa, and Latin America. The market is analyzed by the following Testing Types - Pathogen Testing, Pesticide Testing, GMO Testing and Others. The food safety testing market is also analyzed by the following End-Use Sectors - Processed Food, Dairy, Meat and Others.

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