The global food safety testing services market value is likely to jump from US$ 15,836.90 million in 2023 to US$ 30,061.73 million by 2033. This anticipated growth is expected to be driven by a steady CAGR of 7.0% in food safety testing services demand over the next decade.
Although comprising the last component of the food manufacturing process, testing food items is considered an extremely important phase. Food product testing is required to ensure that the food is safe to eat and free of physical, chemical, and biological hazards.
The food safety testing services market is heavily regulated. This industry utilizes both classic methods, such as culture-based and immunoassays, as well as novel approaches, such as DNA-based and fast testing.
With the rising food sector and increased concern about food safety, the food safety testing market is positioned for continuing success and expansion. The development of cost-effective and novel testing technology is going to be critical to its continuing success, ensuring that people can have trust in the food they eat.
Individuals who have growing sensitivity to allergens such as gluten and dairy are propelling allergy-free product development globally. As a result, allergy-free products have been introduced, with manufacturers frequently testing packaged and processed food items to trace particles.
Chemical testing in organic food products is also becoming more popular in the market as a result of firms testing these products all over the world for evidence that they contain listed or banned chemicals in order to meet the requirements of different country-level regulatory organizations.
The food business in developing countries is extremely fragmented, posing a higher risk of contamination. Food control systems may be split across national, state, and local organizations, and the efficacy of their execution is dependent on the power and effectiveness of the organization in charge at each level. Consumers are unlikely to be safeguarded to the same level across the country, and evaluating the success of initiatives by national, state, or municipal authorities can prove difficult.
With increased illness occurrences and public awareness of foodborne diseases worldwide, the present food safety testing industry is transitioning toward quick culture-independent molecular or microbiological testing methods. Rising consumer fascination with food quality has spurred significant technological improvements, propelling the food safety testing industry in emerging and developed countries.
“With the development of processed and composite food products, the potential for contamination and safety risks also grows. This trend is set to propel revenue growth in the food safety testing service industry, presenting a significant opportunity for providers,” opines a lead food and beverage analyst at FMI.
Browse full Report: https://www.futuremarketinsights.com/reports/global-food-safety-testing-services-market
Key Takeaways from the Food Safety Testing Services Market:
- In 2022, the United States asserted its dominance in the food safety testing services industry, boasting a commanding 26.1% global market share.
- The food safety testing services industry in the United Kingdom is poised for substantial growth, with a projected CAGR of 4.4% through 2033.
- 3.3% market share was recorded in the Japan food safety testing services sector in 2022.
- India’s rapid development in the food safety testing services industry is evident through its projected CAGR of 6.2% during the forecast period.
- Germany exhibited a 6.7% share of the global food safety testing services industry in 2022.
- China is anticipated to rise speedily in the food safety testing services industry, with a projected CAGR of 10.7% over the forecast period.
Key Players and Strategies for Success in the Food Safety Testing Services Market
The food safety testing services industry has evolved as a vibrant and fast-increasing segment of the global food safety market in recent years. Leading firms in this ever-evolving landscape adopt several kinds of approaches to address the changing desires of customers and create a presence in a market that is becoming increasingly competitive. The following are essential aspects concerning key competitors and success methods in the food safety testing services market:
- Putting resources into research to create unique and effective food safety testing services.
- Construct effective branding and marketing initiatives to stand out in a competitive market.
- Remain informed on rules and verify that the products comply with regulatory criteria.
- Establish relationships with food service companies to increase distribution.
- Remain adaptive to shifting consumer demands and prevailing market trends.
Recent Developments in the Food Safety Testing Services Market
In March 2022, Bureau Veritas opened its sixth Canadian Microbiology library in Winnipeg, Manitoba. The new laboratory is going to supply both quick pathogen testing and indicators.
In February 2021, SGS SA confirmed a collaboration with RLP AgroScience. The aim is to enable complicated personalized tests for pesticide, chemical, biocide, and medication/veterinary drug ecological and human safety evaluations.
Key Companies Profiled in the Global Food Safety Testing Business Report
- Accugen Laboratories
- Adpen Laboratories
- Aegis Food Testing Laboratories (Vanguard Sciences)
- ALS Limited
- Asureuality Limited
- Avomeen Analytical Services
- Bio-Rad Laboratories
- Bureau Veritas SA
- Campden BRI
- Det Norske Vertias AS (DNV)
- EMSL Analytical Inc.
- Eurofins Scientific
- Exova Food Hygiene & Health Laboratory
- Genon Laboratories Ltd.
- Idexx Labora
Key Segments of Food Safety Testing Services Industry Survey
By Test:
- Allergen Testing
- Chemical and Nutritional Testing
- Genetically Modified Organism Testing
- Microbiological Testing
- Residue and Contamination Testing
- Others
By Application:
- Meat, Poultry and Seafood Products
- Dairy and Dairy Products
- Beverages
- Processed Food
- Cereals & Grains
By Technology:
- Polymerase Chain Reaction (PCR)
- Immunoassay-based
- Chromatography and Spectrometry
- Other Technologies
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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