As per the report published by Research Cosmos, the Global Food Safety Testing Market was valued at $10.66 billion in 2016 and was expected to reach $19.92 billion by 2025, witnessing a CAGR of 7.40 percent.
Favourable agricultural practices, fair practices followed while manufacturing, hygiene practices, hazard analysis, and critical control points all over the world are expected to stimulate the growth of the food safety testing market at the global level. Some of the major drivers pushing the demand for the same include rising consumer awareness towards food safety, stringent government regulations on food and beverage products, and increasing trade activities across regions, among others.
Rising demand for convenient and packaged food products among consumers is another major factor stimulating the demand for food safety testing markets at the global level. Processed food comprise of approximately 10 percent of daily food consumption, while ultra-processed food comprise of more than 55 percent of daily food consumption. The rise in the consumption of processed food has paved the way for food safety testing market and the impact of this driver is expected to strengthen in the future.
However, the market is expected to face challenge from emerging countries, where the food control infrastructure and resources are comparatively less. However, the impact of this restraint is expected to minimize by the end of the forecast period.
Foodborne Pathogens Drive Demand for Food Safety Testing
The testing for pathogens occupied the largest market share in 2017, in terms of value. Major pathogens that are tested include Listeria, E. coli, Campylobacter, and Salmonella. The rise in the incidence of these foodborne pathogens drives the demand for testing. The Centre for Disease Control also determined that one in six people fall ill due to the consumption of contaminated food. These incidents have helped in raising consumer awareness towards the presence of contaminants and its preventive measures.
Rising consumer awareness towards the use of Genetically Modified Organisms (GMO) in food and its public backlash has led to an increase in GMO testing. Companies such as Genetic ID are solely focusing their efforts on specialized GMO testing, which is the fastest growing segment in food testing.
Rapid Technology Reduces Turnaround Time to Enhance Precision
The testing procedures have witnessed a gradual increase in the use of rapid technology as against traditional technology. Integration of cloud-based systems and databases help systems in cross-checking results to provide better accuracy to users. Manufacturers of rapid systems are investing in the development of newer forms of diagnostic kits, which will reduce turnaround times while also increasing testing accuracy to suit the needs of the client.
North America accounted for the largest market share in global food safety testing market in 2016 and is anticipated to maintain its supremacy throughout the forecast period due to stringent regulations imposed by the regulating bodies on food safety. In addition, the Food and Drug Administration (FDA) has authorized consumers to raise concern regarding the safety of food or beverage items and take that up with the manufacturers in case of any discrepancy. The U.S. is the major contributor for the growth of the food safety testing market in North America. High consumer awareness regarding various types of food-borne diseases and the benefits of food safety is a major factor propelling the growth of the food safety testing market in the U.S. Further, stringent government regulations with respect to food safety coupled with rapid implementation of the same are another key factors boosting the demand for food safety testing in that region.
Asia Pacific is anticipated to be the fastest growing market for food safety testing, increasing consumer awareness about food safety coupled with rising initiatives taken by the regulating bodies regarding food-borne diseases and it’s after effects on human health and the benefits of food safety testing. India, China, and Japan are expected to dominate the food safety testing market in Asia Pacific throughout the forecast period on account of rapid urbanization, changing consumer lifestyle in terms of their feeding habits and the rising processed food industry in these countries.
Some of the major players operating in the field of food safety testing market include: Intertek Group plc; Eurofins Scientific: SGS SA: Bureau Veritas; Det Norske Veritas; ALS Laboratory; Bio-Rad Laboratories; and various others.
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