New York, USA, Dec. 29, 2022 (GLOBE NEWSWIRE) -- The market worth of food safety testing in 2021 was USD 19.1 billion, and it will be worth USD 36.31 billion by 2030 at a 7.4% CAGR. Major factor fostering the growth of the food safety testing market is the increase in cases of food-borne illnesses, increasing customer awareness for food safety, implementation of strict food safety regulations, and rising consumer desire for convenient and packaged food products.
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The Food Safety Testing Market Insights:
- In 2021, the microbiological testing segment held the maximum market with 32.22% of the share on the basis of tests.
- By application, in 2021, meat and poultry products recorded the largest market share of about 31.09%.
- Europe was the biggest regional market in 2021, with nearly 37.44% revenue share.
Factors influencing the Food Safety Testing Market growth:
Factors like growing consumer awareness and rising rate of food borne illness are driving the market growth.
- Food safety has been affected by an increase in incidences of food adulteration and food-borne illnesses. As a result, consumers are more informed and prefer to buy items that have food licenses and safety certifications. Safety certification is an important aspect driving the market, which gives the consumer confidence in the product's food quality.
- The market is expanding due to the growing incidence of foodborne illnesses such as Listeria monocytogenes, Toxoplasma gondii, Campylobacter, etc. According to the WHO, contaminated food worldwide causes 420,000 fatalities and 600 million cases of foodborne illnesses annually.
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Food Safety Testing Market Segmentation Analysis
The market segmentation of food safety testing is done on the basis of test, application, and region.
By Test
- Residues & Contamination Testing
- Chemical & Nutritional Testing
- Microbiological Testing
- G.M.O./ Genetically Modified Organism Testing
- Allergen Testing
- Others
By Application
- Processed Food
- Dairy & Dairy Products
- Meat, Poultry, & Seafood Products
- Beverages
- Cereals & Grains
By Region
North America
- Mexico
- The U.S.
- Canada
Europe
- United Kingdom
- France
- Italy
- Spain
- Germany
- Russia
- Remaining Europe
Asia-Pacific
- Japan
- China
- Australia
- India
- Rest of Asia-Pacific
LAMEA
- The Middle East
- Africa
- Rest of LAMEA
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In 2021, the microbiological testing segment held the maximum market with 32.22% of the share on the basis of tests. The market is growing as it helps to detect microorganisms in food items using chemical, molecular, biological, and biochemical methods, yielding extremely accurate data regarding their composition.
By application, in 2021, meat and poultry products recorded the largest market share of about 31.09%. The growing intake of meat and meat products and the increased risk of disease in red meats are likely to drive this segment's market expansion.
Europe was the biggest regional market in 2021, with nearly 37.44% revenue share. The food and beverage testing industry considerably contribute to the European economy. The market growth is likely to be driven by product makers' increased focus on food safety.
Food Safety Testing Market key players :
- EMSL Analytical Inc.
- Thermo FischerScientific
- Eurofins Scientific
- Bureau Veritas S.A.
- Bio-Rad Laboratories
- Intertek Group PLC
- DTS Food Laboratories
- A.L.S. Limited
- Neogen Corporation
- SGS AG
- Idexx Laboratories Inc.
Recent Developments
- In August 2022, Eurofins acquired QSAI Analysis & Research Center Co.,
Ltd., and increased the scope of its complete food testing services available in Japan. The extensive food testing capabilities of the Eurofins network were expanded by the QARC acquisitions to include pesticides, foreign objects, veterinary drugs, and sensory testing services.
- On July 2022, In Mexico, SGS opened a new facility for food analysis. The Naucalpan laboratory will aid businesses in quality assurance and legal compliance, hence aiding the Mexican food industry.
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Food Safety Testing Market Report Coverage
| Report Attribute | Details |
| The market size value in 2021 | USD 19.1 billion |
| The revenue forecast in 2030 | USD 35.4 billion |
| Growth rate | CAGR of 7.1% |
| The base year of estimation | 2021 |
| Historical data | 2017 - 2020 |
| Forecast period | 2021 - 2030 |
| Quantitative units | Revenue in USD billion and CAGR from 2020 to 2030 |
| Report Coverage | company market share, Revenue forecast, competitive landscape, growth factors, and trends |
| Segments Covered | Test, Application, Region, Country Scope. |
| Test | Chemical & Nutritional Testing, Allergen Testing, G.M.O./ Genetically Modified Organism Testing, Residues & Contamination Testing, Microbiological Testing, and Others. |
| Application | Dairy & Dairy Products, Meat, Poultry, & Seafood Products, Beverages, Processed Food, Cereals & Grains. |
| By Region | North America, Europe, Asia-Pacific, and LAMEA |
| Country Scope | India, China, USA, UK, Germany, and Italy. |
| Company Usability Profiles | Thermo Fischer Scientific, Eurofins Scientific, EMSL Analytical Inc., Bureau Veritas S.A., A.L.S. Limited, Neogen Corporation, SGS AG, Intertek Group PLC, DTS Food Laboratories, Idexx Laboratories Inc., Bio-Rad Laboratories. |
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