What Has Been the Growth of the Food Safety Testing Market So Far?
The food safety testing market has seen considerable growth due to a variety of factors.
• In recent times, the increase in the market size of food safety testing has been significant. The market is projected to rise from a valuation of $25.56 billion in 2024 to achieve a value of $28.04 billion in 2025, marking a Compound Annual Growth Rate (CAGR) of 9.7%.
The robust growth during the historical period can be traced back to various factors including, growth in consumer awareness about food safety issues, strict regulatory standards enforced by governments, surge in foodborne diseases and outbreaks, the worldwide expansion of the food supply chain and imports, an enhanced focus on quality assurance and risk management, and rising worries about the presence of chemicals and contaminant residues in food.
What Are the Future Growth Projections for the Food Safety Testing Market?
The food safety testing market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated to experience substantial growth in the coming years, the food safety testing market is projected to reach a value of $42.23 billion by 2029, reflecting a compound annual growth rate (CAGR) of 10.8%.
The surge in the market during the forecast period can be attributed to the increased adoption of fast and high-throughput testing methodologies, emphasis on blockchain and traceability systems for ensuring food safety, advancements in R&D for the creation of next-gen testing platforms, and the widening of testing services in e-commerce and direct-to-consumer sectors. Additionally, a growing demand for genetic testing in food verification and the escalating significance of environmental surveillance in food production will also contribute to this growth. The forecast period will witness trends like blockchain and digital traceability, next-generation sequencing (ngs), artificial intelligence and machine learning enabled data analysis, allergen and gluten testing, as well as rapid and point-of-use testing kits, and remote sensing and spectroscopy.
What Are The Core Factors Supporting Growth In The Food Safety Testing Market?
The surge in demand for easy-to-prepare and processed meals is anticipated to fuel the food safety testing market. The escalating income levels due to economic growth, particularly in developing nations, has resulted in a heightened demand for convenience and processed foods. Food safety testing plays a crucial role in the processed food sector, ensuring the integrity of packaged foods. For instance, a collaborative study by the Associated Chambers of Commerce and Industry of India (ASSOCHAM), India, and Grant Thornton, UK, forecasts that the processed food sector can attract investments amounting to $33 billion by 2024. This sector holds significant potential for investments in food safety technologies and processing equipment, with the total food production in India expected to double by 2024. As such, the burgeoning demand for convenience and processed foods is propelling the growth of the food testing market.
What Are The Major Segments Within The Global Food Safety Testing Market?
The food safety testing market covered in this report is segmented –
1) By Contaminant: Pathogens, Pesticides, Genetically Modified Organisms (GMOs), Toxins, Other Containments
2) By Technology: Traditional, Rapid
3) By Application: Meat, Poultry, And Seafood Products, Dairy And Dairy Products, Processed Food, Beverages, Cereals And Grains
Subsegments:
1) By Pathogens: Bacteria, Viruses, Parasites,
2) By Pesticides: Herbicides, Insecticides, Fungicides
3) By Genetically Modified Organisms (GMOs): DNA Testing For GMO Presence, Protein Testing For GMO Traits
4) By Toxins: Mycotoxins, Marine Toxins, Heavy Metals
5) By Other Contaminants: Chemical Contaminants, Allergen Testing, Residuals From Processing
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Which Trends Are Expected To Transform The Food Safety Testing Market?
Technological innovations are guiding the evolution of the food safety testing market. The emergence of intelligent testing methods in analytical chemistry, aiming to offer precise and economical analytical resolutions, are now being embraced by manufacturers in the food and beverages sector worldwide. These testing systems can be seamlessly incorporated into regular food inspection procedures at any point in the manufacturing and production processes. For example, in June 2024, Neogen Corporation, an American biotech firm, introduced the Petrifilm Automated Feeder, an innovative tool to boost the productivity of food safety testing labs that handle high volumes of tests. This feeder efficiently automates the loading and counting of Petrifilm plates, drastically reducing the time technicians need to spend on these tasks. Capable of handling up to 300 Petrifilm plates in just 33 minutes, it is ideally suited for high-capacity labs dealing with over 100,000 quality checks annually. Moreover, the feeder connects seamlessly with the Petrifilm Plate Reader Advanced, allowing labs to effortlessly integrate it into current workflows and lab information management systems.
Who Are the Key Players in the Food Safety Testing Market?
Major companies operating in the food safety testing market include:
• SGS SA
• Eurofins Scientific SE
• Intertek Group plc
• Bureau Veritas SA
• ALS Limited
• TÜV SÜD AG
• AsureQuality Limited
• Bio-Rad Laboratories Inc.
• Thermo Fisher Scientific Inc.
• Microbac Laboratories Inc.
• Symbio Laboratories
• DNV GL
• NSF International
• Idexx Laboratories Inc.
• Neogen Corporation
• Agilent Technologies Inc.
• Shimadzu Corporation
• PerkinElmer Inc.
• Merieux NutriSciences Corporation
• The SOCOTEC Group
• Aspirata
• Danaher Corporation
• Mettler-Toledo International Inc.
• Romer Labs Division Holding GmbH
• Charm Sciences Inc.
• Hygiena LLC
• R-Biopharm AG
• MilliporeSigma
• 3M Company
• QIAGEN N.V.
What Is The Most Dominant Region In The Food Safety Testing Market?
North America was the largest region in the food safety testing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food safety testing market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
