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Food Safety Testing Market size to surpass $40.5 Bn by 2032

Published Date: December 5, 2022

Food Safety Testing Market size is estimated to be valued at over USD 40.5 billion by the end of 2032, as per a recent research report announced by Global Market Insights Inc.

The increasing prevalence of foodborne diseases globally is projected to prompt governments, the food industry, and individuals to take several initiatives to ensure food safety and disease prevention. In recent years, the consumption of harmful contaminants and chemicals contained in food has resulted in countless fatalities worldwide. Furthermore, concerns related to the effects of such harmful toxins on humans and animals have prompted regulatory bodies to impose severe rules on food product manufacturers to guarantee that all food items are adequately verified and tested before they reach customers.

Growing need to prevent food contamination to propel toxin segment expansion

Food safety testing market is segmented based on contaminants into pesticides, pathogens, toxins, GMOs, and others. The toxins segment is anticipated to be valued at over USD 590 million by 2032. The growing need for food safety testing to detect disease-causing substances, pathogens, and hazardous materials is likely to drive segment revenues. Rising consumer awareness of food safety, an increase in chemical contamination situations, and advancements in rapid inspection systems are expected to drive segment expansion through the forecast period.

Widespread use for testing raw food materials to boost traditional technology segment revenues

Food safety testing market share from traditional technology segment is estimated to be worth more than USD 1.5 billion by 2032. When testing raw materials or finished products, technology selection is vital to ensure that the test is not obstructed by inhibitors or other food product components. Furthermore, separating bacteria from foodstuffs can be difficult since some food matrixes might obstruct detection procedures, which is slated to fuel the demand for traditional technology.

Browse key industry insights spread across 330 pages with 261 market data tables and 17 figures & charts from the report “Food Safety Testing Market Size By Contaminant (Pathogens [Salmonella, Listeria, E. Coli, Campylobacter], Pesticides, GMOs, Toxins), By Technology (Traditional, Rapid [Convenience, PCR, Immunoassay]), By Food (Meat, Poultry, & Seafood, Dairy, Processed Food, Fruits & Vegetables) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Poland, China, Japan, India, Australia, Thailand, Australia, Malaysia, Brazil, Argentina, Mexico, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023 – 2032”, in detail along with the table of contents:

Stringent government regulations for the inspection of dairy products to enhance market share

Food safety testing market from dairy segment is anticipated to progress at more than 7% CAGR through 2032. Dairy testing comprises the pasteurization of milk, raw milk, and other dairy products, such as cheese, butter, and packaged milk. Stringent government regulations and the engagement of health organizations such as the FDA to ensure adequate inspection at all stages of food production are set to boost segment growth.

Prominent government initiatives to enhance food safety standards to foster MEA industry growth

Middle East & Africa food safety testing market is projected to generate over USD 810 million in revenue by 2032. Food safety is a growing concern in Africa. Government initiatives to improve regulatory enforcement, rising farmer awareness about the importance of storing fresh produce, and increasing investments in technology for detecting and reducing aflatoxin levels are some key factors that are expected to support the MEA food safety testing industry growth over the forecast timeframe.

Capacity expansions to define the competitive landscape

Global food safety testing market participants include leading enterprises viz., Eurofins Central Analytical Laboratories, Inc, ALS Limited, Avomeen, AsureQuality Limited, Bureau Veritas SA, Bio-Rad Laboratories, EMSL Analytical, Genon Laboratories Ltd, Campden BRI, Idexx Laboratories, Inc, Food Hygiene & Health Laboratory, Romer Labs, Inc., Exova, NSF International, SGS AG, and Det Norske Veritas AS (DNV), among others.

Authors: Kiran Pulidindi, Kunal Ahuja