According to a recent report by Future Market Insights, a market research and competitive intelligence provider, food testing is estimated to reach a value of USD 20 Bn by 2032, surging at 8.5% CAGR through the decade.
Food testing services are in high demand due to the growing threat of foodborne diseases, adulteration, and toxicity. Every year, one out of every ten people becomes ill from a foodborne illness, with children under the age of five being the most vulnerable.
Each year, approximately 450,000 people die as a result of eating contaminated food, according to the World Health Organization (WHO). These factors highlight the importance of increased care and the construction of more food-safety facilities.
In developed countries, the food testing market is being driven by rising consumer interest in food quality and technological advancements. Through safety certifications and compliance, food processing companies and foodservice organizations are gaining consumer trust. Increased consumer interest in food safety and quality issues, as well as the ability to quickly share these issues via social media, combined with expanding regulatory resourcefulness, such as the Food Safety Modernization Act (FSMA), are raising the importance of testing.
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Key Takeaways from Market Study
- The United States dominates the global market for food safety testing. The strict regulations imposed by regulatory bodies are a major factor driving the growth of the food safety testing market in the United States.
- The high occurrence of food safety incidents in China, rising food exports from China, and globalisation of food trade are driving market growth.
- Because India is the world’s largest milk producer, rigorous food testing is required before any dairy products are exported or even consumed in India.
- Spain is currently driving global market growth and will do so in the future.
- Japan is one of the most technologically advanced countries in the world. This helps Japan’s food testing industry grow by allowing for better R&D and, as a result, better measures.
“During the COVID-19 pandemic, there was an increase in the demand for food safety testing as food manufacturers offered virus-proof food products to consumers in order to gain a competitive advantage over other market players. Furthermore, in the face of an increasing virus threat, government officials are ensuring food product safety,” says a Future Market Insights analyst.
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Who is winning?
Over the last four years, the leading market participants in the overall food safety testing market have implemented key strategic developments.
- Eurofins Scientific, in collaboration with Nestle Research (Lausanne, Switzerland), developed a new method for identifying fructans in infant formulas and adult nutrition in October 2020. The method had received official standard status from the world’s leading standardisation organisations, including AOAC, ISO, CEN, and IDF.
- SGS SA’s partnership with RLP AgroScience will benefit the company’s development of more complex, tailor-made experimental designs for pesticides, chemicals, biocides, and human/veterinary drugs in February 2021.
- Bureau Veritas, in collaboration with Leela Palaces (India), launched the “Surakhsha” initiative in May 2020 to provide high standards of food safety and hygiene while also leveraging technological services to maintain hygiene standards.
SGS SA (Switzerland), Intertek Group plc (U.K.), Eurofins Scientific S.E. (Luxembourg), Thermo Fisher Scientific Inc. (U.S.), ALS Limited (Australia), Bureau Veritas SA (France), Merieux NutriSciences Corporation (U.S.), and others are among the key players profiled in the global food safety testing market.
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global food testing market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
Market Segments Covered In Food Testing Industry Analysis
Type:
- Pathogens
- Salmonella
- Campylobacter
- E.coli
- Listeria
- Others
- Pesticides
- Genetically Modified Organism (GMO)
- Toxins
- Others
Technology:
- Traditional
- Rapid
- Polymerase Chain Reaction (PCR)
- DNA Sequencing/NGS
- Immunoassay
- Chromatography
- Spectroscopy
Food Tested:
- Meat, Poultry, and Seafood
- Processed Food
- Fruits & Vegetables
- Dairy Products
- Cereals & Grains
- Others
Region:
- North America
- Europe
- Asia-Pacific (APAC)
- Rest of the World
About Food & Beverage Division at Future Market Insights
The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.