The global food safety testing market size is expected to reach USD 33.28 billion by 2028 according to a new study by Polaris Market Research. The report “Food Safety Testing Market Share, Size, Trends, Industry Analysis Report, By Test (Allergen Testing, Chemical & Nutritional Testing, Genetically Modified Organism Testing, Microbiological Testing, Residues & Contamination Testing, Others); By Application; By Region; Segment Forecast, 2021 - 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increasing number of health conditions because of consuming contaminated food is the key market driver across the globe. Busy lifestyle has propelled the need for packaged food among the youth population to whom food quality is the major concerned as they are stored for a longer period on the shelves. Food and beverage industries are focusing on catering to the rising demand for processed food for which chemical preservatives are used which is further expected to fuel the market growth for safety testing.
Genetically modified organism testing (GMO) dominated the market in the year 2020, attributed to its use in chemical, biochemical, biological, and molecular methods for detecting microorganisms in foods. Residue & contamination segment has potential growth opportunities in the coming year considering the rising demand in detecting contamination in poultry, meat, and meat products.
Europe had the largest market share in terms of revenue in the year 2020, due to the high occurrence of food-associated allergies in the region. The largest food industries across the globe exist in Germany, Italy, France, Spain, and the UK, which is expected to boost the market for food safety testing in the region. Allergen testing had market growth in North America owing to the stringent regulations by FDA.
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Prominent players in the food safety testing market include SGS S.A., Intertek Group plc, Romer Labs Division Holding GmbH, Bureau Veritas SA, Eurofins Scientific SE, Covance Inc., Merieux NutriSciences, Microbac Laboratories, Inc., NSF International, Nova Biologicals, Inc., Campden BRI, Certified Laboratories, Inc., AsureQuality Ltd., ALS Ltd., Foodchain ID, Inc., Agrolab GmbH, WSS World Survey Services SA, Seidlaboratory Cia. Ltda., AGQ Labs.
Major market players are investing in expanding across Europe, Asia Pacific and North America with collaborations, mergers, partnerships, and acquisitions. The market is competitive with global as well as regional industries creating an entry barrier for new competitors.
Polaris Market research has segmented the food safety testing market report on the basis of Test, function, application, and region:
Food Safety Testing, Test Outlook (Revenue - USD Million, 2016 - 2028)
Food Safety Testing, Application Outlook (Revenue - USD Million, 2016 - 2028)
Food Safety Testing, by Regional Outlook (Revenue - USD Million, 2016 - 2028)