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Food Safety Testing Industry Growing Exponentially to Retain the Demand of Vendor in the Next 6 Years

Food Safety Testing Market report categorizes global market by Contaminants (Pathogens, Pesticides, Genetically Modified Organisms (GMO’s), Toxins), Technology (Traditional, Rapid), Food Tested (Meat and Poultry, Dairy Products, Processed food, Fruits and Vegetables), and Geography

Posted: Monday, September 30, 2019 at 9:40 AM CDT

Seattle, WA -- (SBWire) -- 09/30/2019 --Food Safety Testing– Insights

Effective and safe handling, storage, and preparation of food are some of the aspects of food safety. Such practices help in avoid food spoilage. Consumption of contaminated food can cause food poisoning mainly due to unhygienic bacteria, parasites, and viruses that may enter into the food. This scenario increases the demand for food safety testing. Consumption of contaminated food products can lead to over 200 diseases ranging from diarrhea to cancer. Foodborne diseases are one of the leading causes of deaths worldwide. According to the World Health Organization (WHO), around 1 in every 10 people suffers from various diseases post consumption of contaminated food, resulting to around 420,000 deaths, annually.

According to the Centers for Disease Control and Prevention (CDC), in the U.S., 1 out of every 6 consumer fall ill due to the consumption of contaminated food, annually. Increasing consumer awareness regarding the adverse effects of untested food is expected to boost the market growth. Moreover, stringent government regulations imposed on the food and beverage industry about the safety level of food items is also expected to boost growth of the market.

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Increasing demand for packaged food products is expected to lead to high demand for food safety testing services, thereby propelling the market growth. Processed food comprises approximately 10% of daily food consumption, while ultra-processed food comprise of more than 55% of daily food consumption. Therefore, increasing consumption of processed food is expected to boost the market growth over the forecast period.

However, weak food control infrastructure and resources in emerging economies is expected to hinder growth of the market. The influence of these factors is expected to decrease by the end of the forecast period.

On the basis of contaminants tested, the market is sub-segmented into pathogens, pesticides, genetically modified organisms (GMOs), toxins, and others. In 2016, the contaminants testing segment was the largest revenue generator in the global food safety testing market and is expected to retain its dominance throughout the forecast period. Adverse impact of pathogens on human health demonstrated through several research and development activities has increased demand for food testing services. For instance, pathogens such as E. Coli, campylobacter, and listeria in food and beverage items cause intestinal disorders, which may be fatal in nature.

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On the basis of technology, the market is sub-segmented into rapid technology and traditional technology. Rapid technology contains polymerase chain reaction (PCR), immunoassay, and others. The rapid technology segment witnessed the fastest growth in 2016 and is expected to retain its dominance during the forecast period.

North America accounted for the largest market share in the global food safety testing market in 2016 and is expected to retain its dominance during the forecast period. This is owing to stringent regulations imposed by the regulating bodies on food safety. Moreover, consumers in the U.S. can raise concern regarding the safety of food or beverage item and take that up with the manufacturers in case of any discrepancy as directed by the U.S. Food and Drug Administration (FDA). The U.S. is the growth engine of the North America market, owing to increasing awareness of consumers regarding various types of food borne diseases and the advantages of food safety. Moreover, stringent government regulations regarding food safety and rapid implementation of these regulations is also contributing to growth of the market in North America.

The market in Asia Pacific is expected to witness the fastest growth, owing to increasing awareness of consumers regarding food safety and initiatives regarding control of food borne diseases undertaken by regulatory bodies. India, China, and Japan are major growth engines of the food safety testing market in Asia Pacific, owing to rapid urbanization, changing consumption patterns, and growing processed food industry in these countries.

The global food safety testing market was valued at US$ 10.66 Billion in 2016 and is expected to witness a CAGR of 7.4% in terms of revenue during the forecast period of 2017 – 2025.

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Major Players in the Global Food Safety Testing Market

Some of the major players operating in the food safety testing market include, Intertek Group plc., Eurofins Scientific, SGS SA, Bureau Veritas, Det Norske Veritas, ALS Laboratory, and Bio-Rad Laboratories.

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