Food Safety Testing Market - Growth, Trends, Covid-19 Impact, And Forecasts (2022 - 2028)

Food Safety Testing Market size is projected to reach USD 23,304 Million units by 2027 from an estimated USD 13,147 Million unit in 2019, growing at a CAGR of 7.5% globally.

Food Safety Testing Market report covers a detailed analysis of current and upcoming market trends, company market shares, market projections, competitive benchmarking, competition mapping, and in-depth research of the most significant sustainability strategies and their impact on industry growth and competition. The research was conducted using a combination of primary and secondary data, as well as input from leading industry players.

IMR offers a comprehensive overview of the market through the analysis of key parameters such as revenue, price, competition, and promotions, as well as the study, synthesis, and summarization of data from different sources. It analyzes the leading industry drivers and shows numerous market components. The information offered is thorough, dependable, and the result of a comprehensive primary and secondary study. IMR market research reports offer a comprehensive global market as well as an in-depth strategic sourcing methodology and analysis based on qualitative and quantitative research to anticipate market growth.

Food safety testing refers to the inspection of food products for disease-causing organisms, chemicals, and other hazardous materials. It is generally targeted at three primary food contaminants namely, pathogens, chemicals, and genetically modified organisms (GMOs). Food fraud is committed when food is deliberately altered for financial gains with the intention of deceiving consumers. The food standards agency (FSA) specifies two main types of food frauds namely, sale of food that is unfit and potentially harmful and deliberate misdescription of food.

The Major Players In The Food Safety Testing Market Include:

SGS SA (Switzerland), Eurofins Scientific (Luxembourg), Intertek Group plc (UK), Bureau Veritas (France), ALS Limited (Australia), TÜV SÜD (Germany), NSF International (US), Neogen Corporation (US), AsureQuality Ltd (New Zealand)

Market has segmented the global Food Safety Testing market on the basis of type, application, and region:

The Food Safety Testing Market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.

By Type:

 Pathogen, Allergens, Gmo, Mycotoxins, Pesticides, Organic Contaminants, Heavy Metals, Nutritional Labeling, Others

 By Application:

 Bakery And Confectionary Products, Meat And Meat Products,, Seafoods, Dairy and Dairy Products, Cereals, Grain and Pulses, Fruits And Vegetables, Nuts And Dried Fruits, Convenience Foods, Processed food, Others

 By Regional Outlook (Revenue, USD Billion, 2017 – 2028)

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
• Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of South America)

Covid-19 Impact and Recovery Analysis on Industry:

The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols ranging from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, Food Safety Testing Market have experienced slowdown the growth, however market is expected bounce back as restrictions are being lifted up by governments across the globe. 

Key Market Dynamics

Market Drivers

·         Greater emergence of foodborne illness outbreaks

·         Ascension of global food and beverage industry

Market Restraints

·         Insufficient food safety testing methods

Market Opportunities

·         Innovations in food safety testing

Future Trends

·         The use of whole-genome sequencing (WGS) in food safety testing