The Global Food Safety Testing Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report, the Global Food Safety Testing Market is estimated to be $12.29 USD billion and predicted to rise to $17.72 USD billion with a CAGR of 7.60%. The market is segmented by Contaminant (Microbial, GMOs, Metal Contaminants, Pesticides and Residues, Toxins, Food Allergen, and Others), by Food Type (Meat & Poultry, Dairy Product, Processed Food, Beverages, Fruits & Vegetables, and Others), and by Technology (Traditional and Rapid). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The growth of the Global Food Safety Testing Market is mainly driven by factors such as increase in the number of foodborne illnesses, growing demand for pathogen testing, strict procedures, better consumer cognizance and globalization of the food business. Corporations involved in the production and circulation of food products are directed by the respective regional and international supervisory bodies, to implement food safety analysis and accreditation. However, the time taken and excessive cost of the testing procedure are the key factors restricting the growth of this market.
The Global Food Safety Testing Market is segmented based on contaminants tested, food type, and technology. On the basis of contaminants tested, the global Food Safety Testing market is segmented into Microbial, GMOs, Metal Contaminants, Pesticides and Residues, Toxins, Food Allergen, and Others. Microbiological testing holds the largest part of the market due to its safety testing in almost all food products. On the basis of Food Type, the market is segmented into Meat & Poultry, Dairy Product, Processed Food, Beverages, Fruits & Vegetables, and Others. Meat and poultry are the chief segments in the food safety testing market, due to the amplified microbial impurities in this agricultural product. On the basis of Technology, the market is segmented into Traditional and Rapid. The rapid technology segment is anticipated to grow at the highest CAGR and it is due to the development of testing methods.
On geographical basis, Global Food Safety Testing market is segmented into: Asia-Pacific, Europe, North America, Latin America and Middle-East and Africa. North America accounted for the largest share of the market, accounting for around 37% of the global market followed by Europe. The Asia-Pacific market, which is mainly driven by China and India is expected to offer lucrative growth opportunities, owing to the considerable increase in the number of testing procedures.
Leading players in the Food Safety Testing market are Bureau Veritas S.A., ALS Limited, Eurofins Scientific, Intertek Group PLC, Silliker Inc., and DTS Laboratories. Significant strategies such as investments in R&D are being employed by major companies to meet the rising demand for Food Safety Testing.
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