Food Safety Testing Market by Global Size, Trends and Research Analysis 2022-2030

The Global Food Safety Testing Market size is estimated to be USD 15.07 billion in 2019 and is predicted to reach USD 32.05 billion by 2030 with a CAGR of 7.1% from 2020-2030.

Food Safety Testing is defined as the inspection of food products for the contaminants such as harmful chemicals, toxic substance and other hazardous material. Food safety testing plays an important and major role to ensure the food safety and compliance with food safety regulations from the harmful and disease causing organisms and substance to ensure the good quality products.

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Top Companies: NSF International, Eurofins, TUV SUD, SGS GROUP, Asurequality Limited, Merieux Nutrisciences, Bureau Veritas, ALS Limited and Intertek and others.

Market Dynamics and Trends

The fast developing food industry with increasing in regulatory policies to ensure the quality of food products coupled with modernization and development over the forecast period. Furthermore, presence of developed infrastructure coupled with technological advancement is expected to fuel the growth of food testing safety market.

The other factors include increased consumer awareness, unsafe food handling and fraud, recycling of animal by-products and stringent regulatory policies are further expected to support the market growth. However, complex testing procedures and lack of proper regulation in developing economies are expected to hamper the market growth. Moreover, changing lifestyle and food habits coupled with increased demand of packed and processes food are further expected to create ample opportunities in the food safety and testing market.

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Market Segmentations and Scope of the Study:

The global food safety testing market share is analyzed on the basis of contaminant, food tested, technology, and geography. On the basis of contaminant, the market is segmented into Pathogen, Genetically modified organism (GMO), Chemical & toxin, and others. Based on food tested, the market is fragmented into Meat & meat product, Dairy & dairy product, Cereal, grain, & pulse, Processed food, and others. On the basis of technology, the market is divided into Agar culturing, PCR-based assay, Immunoassay-based, and others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America is expected to hold the major market share over the forecast period owing to the increased adoption of food safety and testing. Moreover, presence of advanced technology and developed infrastructure with stringent regulatory policies are further expected to fuel the growth of food safety testing market.

Asia Pacific is expected to show tremendous growth with increasing market share owing to the presence of developing economies. Moreover, changing food habits and increased consumer awareness about adulteration and increase in food borne disease are further expected to enhance the growth of food safety testing market.

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This release was published on openPR.