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Food Safety Testing Market size was valued at over USD 19.5 billion in 2022 and is projected to witness significant growth at around 7% CAGR through the forecast period of 2023–2032 owing to the burgeoning food consumption worldwide.
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With rapid urbanization, surging consumer income, and mounting purchasing power, the value of convenience and cleanliness has increased, resulting in an upsurge in the global consumption of processed foods. Moreover, changing demographics, along with a gradual shift in dietary habits, are expected to support the food safety testing industry's growth. Furthermore, rising concerns about product quality and recalls have compelled businesses to employ food safety testing methods. The increasing consumer awareness about food safety is forecast to significantly impact business expansion.
The absence of basic supporting infrastructure and upgraded testing methods for establishing testing labs in many developing nations, particularly in Ethiopia, Cuba, and Bangladesh, is a key impediment to the expansion of the food safety testing business. Many developing countries have food safety testing systems that are highly fragmented, with small producers dominating due to socioeconomic benefits. However, prominent government policies focused on regulating food quality standards are speculated to allow producers to overcome this restraint.
|Market Size in 2022:||USD 19.5 Billion|
|Forecast Period:||2023 to 2032|
|Forecast Period 2023 to 2032 CAGR:||7%|
|2032 Value Projection:||USD 40.5 Billion|
|Historical Data for:||2018 to 2022|
|No. of Pages:||330|
|Tables, Charts & Figures:||278|
|Segments covered:||Contaminant, Technology, Food, and Region|
|Pitfalls & Challenges:|
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Food safety testing market is segmented in terms of contaminants into pathogens, pesticides, GMOs, toxins, and others. Pathogens segment is anticipated to generate over USD 1 billion in revenue by 2032 owing to the increasing prevalence of foodborne diseases through multiple sources, such as wrong handling, undercooking, and unhygienic food storage conditions. The rising need for proper food preparation and handling procedures to reduce the possibility of contamination is set to promote segment growth over the forecast period.
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Based on technology, industry is divided into traditional technology and rapid technology. Rapid technology segment is set to grow at over 7% CAGR through 2032. Rapid technologies, such as PCR, immunoassay, and convenience-based techniques, produce results in less than 48 hours, which lowers the likelihood of contamination in products scheduled for testing. The growing need for pathogen detection through rapid testing methodologies will allow interferences and corrective actions to be performed in advance.
Food safety testing market share from the processed food segment is expected to be valued at more than USD 9.5 billion by 2032. Food safety is a critical concern for producers since contaminants can appear at any stage of production or supply. However, food contamination is more likely to occur when food supervisors and customers are unaware of the need to follow basic sanitary procedures while manufacturing, selling, and purchasing food, which is increasing the need for food safety testing solutions in the expanding processed food industry.
Asia Pacific food safety testing market is expected to grow at over 7.5% CAGR between 2023 and 2032. Food product testing before import and export is a major concern worldwide in order to meet quality standards. The APAC region is estimated to expand substantially throughout the review period owing to the growth of trade across APAC countries, which has augmented the need for food safety and high shelf-life foods that can last over extended periods of time and long distances.
Eurofins Central Analytical Laboratories, Inc, Intertek Group PLC, Adpen Laboratories, ALS Limited, Avomeen, AsureQuality Limited, Bureau Veritas SA, Bio-Rad Laboratories, Institut Für Produktqualität (IFP)GmbH, Genon Laboratories Ltd, Idexx Laboratories, Inc, Campden BRI, Food Hygiene & Health Laboratory, EMSL Analytical, Romer Labs, Inc., NSF International, Exova, and SGS AG, Det Norske Veritas AS (DNV) are some of the major corporations operating in the food safety testing industry.
Although COVID-19 had adversely influenced the food & beverage business, the adoption of technical solutions to safeguard food safety proved to be an efficient crisis-relief method. The pandemic increased customer demands and concerns regarding food safety and shifted the burden onto food safety testing facilities, which has positively amplified market revenue. As the pandemic progressed, the challenges faced by food testing facilities increased. However, the introduction of alternative rapid technologies and solutions for food testing is foreseen to complement industry development in the future.
The food safety testing market research report includes in-depth coverage of the industry with estimates & forecasts in terms of volume in units and revenue in million tests from 2018 to 2032 for the following segments: Click here to buy sections of this report
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The above information is provided on a regional and country basis for the following: