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Food Safety Testing Market Trends and Forecast
The future of the global food safety testing market looks promising with opportunities in various end use industries, such as dairy products, food grains, meat, poultry, & seafood, fruits & vegetables, processed foods, and beverages. The global food safety testing market is expected to reach an estimated $7.9 billion by 2030 with a CAGR of 4.7% from 2024 to 2030. The major drivers for this market are growing incidence of foodborne diseases, implementation of food safety and inspection services all over the world and strong growth in food and beverage industry.Emerging Trends in Food Safety Testing Market
Emerging trends, which have a direct impact on the dynamics of the industry, include usage of DNA-based PCR-testing method for GMOs and introduction of mass spectral detection.A total of 109 figures / charts and 89 tables are provided in this 226-page report to help in your business decisions.
Food Safety and Testing Market by Segment
In this market, traditional is the largest technology market, whereas dairy products the largest end use segment. Growth in various segments of the food safety market is given below:The study includes trends and forecast for the global food safety testing market by contaminant, technology, end use, and region as follows:
Food Safety Testing Market by Contaminant [Value ($M) from 2018 to 2030]:
- Pathogens
- Pesticides
- Genetically Modified Organisms (GMO)
- Toxins
- Allergens
- Others
Food Safety Testing Market by Technology [Value ($ Million) from 2018 to 2030]:
- Traditional
- Rapid
Food Safety Testing Market by End Use [Value ($ Million) from 2018 to 2030]:
- Dairy Products
- Food Grains
- Meat, Poultry, and Seafood
- Fruits and Vegetables
- Processed Foods
- Beverages
- Others
Food Safety Testing Market by Region [Value ($ Million) from 2018 to 2030]:
- North America
- US
- Canada
- Mexico
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- APAC
- China
- Japan
- India
- ROW
- Brazil
List of Food Safety Testing Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, food safety testing companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the food safety testing companies profiled in this report-- Eurofins Scientific
- SGS S.A.
- Intertek Group
- ALS Ltd.
- Bureau Veritas
- Asurequality Limited
- Mérieux NutriSciences
Food Safety Testing Market Insights
- The publisher forecasts that pathogens will remain the largest segment over the forecast period due to growing food safety concerns and regulation due to growing food poisoning cases. The publisher predicts that the genetically modified organisms (GMO) segment is expected to witness the highest growth during the forecast period due to the technological advancement in agriculture sector to produce genetically modified crops and increasing consumer awareness regarding health.
- Meat, poultry, and seafood will remain the largest end use industry over the forecast period due to increasing number of companies that are highly engaged in providing services related to animal foods, such as seafood, meat, and others, in which seafood requires special safety services.
- Europe will remain the largest region over the forecast period due to stringent regulations in the region for food safety and the presence of giant food and beverage manufacturers. APAC is expected to witness the highest growth over the forecast period due to growing international trade which has mandated food safety testing to comply with the regulatory standards and growing population.
Features of the Global Food Safety Testing Market
- Market Size Estimates: Global food safety testing market size estimation in terms of value ($M).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024-2030) by various segments.
- Segmentation Analysis:Global food safety testing market size by contaminant, technology, end use, and region in terms of value.
- Regional Analysis: Global food safety testing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different contaminants, technologies, end uses, and regions for the global food safety testing market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the global food safety testing market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the food safety testing market size?Answer: The global food safety testing market is expected to reach an estimated $7.9 billion by 2030.
Q2. What is the growth forecast for food safety testing market?
Answer: The food safety testing market is expected to grow at a CAGR of 4.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the food safety testing market?
Answer: The major drivers for this market are growing incidence of foodborne diseases, implementation of food safety and inspection services all over the world, and strong growth in the food and beverage industry.
Q4. What are the major end uses for thefood safety testing market?
Answer: Dairy products, food grains, meat, poultry, & seafood, fruits & vegetables, processed foods, and beverages are the major end uses of food safety testing.
Q5. What are the emerging trends in thefood safety testing market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include the usage of DNA-based PCR-testing method for GMOs and introduction of mass spectral detection.
Q6. Who are the keyfood safety testing companies?
Answer: Some of the key food safety testing companies is as follows:
- Eurofins Scientific
- SGS
- Intertek Group
- ALS
- Bureau Veritas
- Asurequality Limited
- Mérieux NutriSciences
Answer: The publisher forecasts that genetically modified organism (GMO) segment is expected to witness the highest growth during the forecast period due to technological advancements in the agriculture sector to produce genetically modified crops and increasing consumer awareness of health.
Q8: Infood safety testingmarket, which region is expected to be the largest in the next five years?
Answer: Europe is expected to be the largest region over the next five years.
Q9. Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions
Q.1. What are some of the most promising growth opportunities for the global food safety testing market by contaminant (pathogens, pesticides, genetically modified organisms (GMO), toxins, allergens, and others), technology (traditional and rapid), end use (dairy products, food grains, meat, poultry, & seafood, fruits & vegetables, processed foods, beverages, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges of the global food safety testing market?
Q.5. What are the business risks and threats to the global food safety testing market?
Q.6. What are the emerging trends in this food safety testing market and the reasons behind them?
Q.7. What are some changing demands of customers in the food safety testing market?
Q.8. What are the new developments in the food safety testing market? Which companies are leading these developments?
Q.9. Who are the major players in the food safety testing market? What strategic initiatives are being implemented by key players for business growth?
Q.10. What are some of the competitive products and processes in the food safety testing market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11. What M&A activities did take place in the last five years in the global food safety testing market?
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Table of Contents
1. Executive Summary
2. Market Background and Classifications
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Eurofins Scientific
- SGS S.A.
- Intertek Group
- Bureau Veritas
- Asurequality Limited
- ALS Ltd.
- TUV SUD AG
- Laboratory Corporation of America Holdings
- Mérieux NutriSciences
- NSF International
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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