Asia Pacific Food Safety Testing Market size was worth USD 3.33 billion in 2022 and estimated to be growing at a CAGR of 9.4% to reach USD 5.19 billion by 2028. Food supply across the world is at the highest threshold, which is increasing the need for test procedures to safeguard food products.
Food safety testing refers to inspecting food products for bacteria, chemicals, and other hazardous materials that cause disease. Microbial pathogens like virus, bacteria, toxins, allergens, residues of drugs, and agricultural chemicals, if not tested, can be hazardous to consumers. Food fraud occurs when food is intentionally altered to deceive consumers for financial gains. The Agency for Food Standards (FSA) defines two main types of food fraud, namely the selling of unfit and potentially harmful and intentional food misdescription.
Significant factors which have helped drive the Asia Pacific Food Safety Testing Market forward are-
The growth of the Asia Pacific Market is mainly driven by factors like the rise in foodborne illnesses, increasing need for testing pathogens, consumer awareness, stringent regulations and food business globalization.
The food product manufactures are controlled by the respective regional and international regulatory bodies, to implement food safety testing and accreditation.
Furthermore, the increase in economically motivated adulterations (EMAs) due to high competition between food producers and the increase in cases of food degradation, such as contamination, pesticides, artificial taste enhancers, and certifications, boost the growth of the demand for food safety tests
The factors holding the Asia Pacific Food Safety Testing Market back include-
The research done takes place in two phases namely-
Secondary Research The first phase of the research process is an extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. An extensive secondary research helps in generating hypothesis and identifying critical areas of interest that are investigated through primary research.
Primary Research This entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps. A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market. Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies.
The fastest-growing GMO market is due to increased consumer understanding of GMOs in food, and efficient technological developments. Lack of information on the nutritional and health properties of GM foods leads consumers to assume that they are not safe for consumption, thereby driving the GMO testing and labeling market.
Microbiological testing is the largest part of the market due to its safety testing in almost all food products. Meat and poultry are the leading segments of the market, while processed food is the fastest-growing segment. The fast technology segment is expected to grow at the highest CAGR level due to the development of testing methods, and rapid, accurate, efficient and easy-to-use features.
Asia Pacific region is divided geographically into China, India, Japan, South Korea, and Australia. This region offers significant opportunities for the Food Safety Testing Market, with China and India being the most populous countries in the area, contributing to increasing demand. China is the market leader in this region and is expected to be one of the fastest-growing markets in the forecast period with a CAGR of 10.4%.
Key Players in the Market:
The Major key players in the Asia Pacific Food Safety Testing Industry are
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