MarketsandMarkets Presents Food Safety Testing Market by Target Tested, Food Tested, and Region

The report "Food Safety Testing Market by Target Tested (Pathogens, Pesticides, GMOs, Mycotoxin, and Allergens), Technology (Traditional and Rapid), Food Tested (Meat, Poultry, Seafood, Dairy, Processed Foods, and Fruits & Vegetables), and Region-Global Forecast to 2023" The food safety testing market is projected to grow from USD 17.0 billion in 2018 to USD 24.6 billion by 2023, at a CAGR of 7.7% during the forecast period. The major factor driving the food safety testing market is the increase in global outbreaks of foodborne illnesses. Further, stringent food safety regulations, availability of advanced rapid technology, increase in demand for convenience and packaged food products, increase in outbreaks of chemical contamination in food processing industries, and rise in consumer awareness about food safety is practices is expected to drive the market.Food Safety Testing Market The European market accounted for the largest share in the food safety testing market. European countries have recorded many issues related to food safety over the past few years. As a result, stringent policies have been regulated to implement complete food safety for the public. In Europe, food safety policies have been emphasized by efforts from Control Laboratories (CLs), National Reference Laboratories (NRLs), and EU Reference Laboratories (EURLs). These authorities have played an important role in maintaining food standards and protecting consumer health by ensuring the quality of the food supply chain. Make an inquiry about this

Report Objectives Determining and projecting the size of the food safety testing market with respect to target tested, technology, food tested, and regional markets, over a five-year period ranging from 2018 to 2023 Identifying attractive opportunities in the market by determining the largest and fastest-growing segments across regions Providing detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges) Analyzing the micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market Identifying and profiling key market players in the food safety testing market Providing a comparative analysis of the market leaders on the basis of the following: Product offerings Business strategies Strengths and weaknesses Key financials Understanding the value chain, competitive landscape and identifying the major growth strategies adopted by players across the key regions Providing insights into key product innovations and investments in the food safety testing market

Key Market Players The major vendors in the global food safety testing market are SGS (Switzerland), Eurofins (Luxemburg), Intertek (UK), Bureau Veritas (France), Mérieux (US), ALS Limited (Australia), TUV SÜD (Germany), and TÜV Nord Group (Germany), Microbac Laboratories (US), AsureQuality (Australia), FoodChain ID (US), Romer Labs (Australia), Symbio Laboratories (Australia), and RJ Hill Laboratories (New Zealand). These players have broad industry coverage and strong operational and financial strength; they have grown organically and inorganically in the recent past. The industry players, such as SGS (Switzerland) acquired Oleotest NV (Belgium), a provider of chemical testing services for food, feed, and agricultural commodities. This acquisition was expected to provide the company an entry into a complementary segment for chemical analyses, thereby strengthening its leading position for agriculture & food testing in Belgium, in April The fruits & vegetables segment is projected to grow at the highest CAGR in the global food safety testing market during the forecast period. The fruits & vegetables segment is projected to be the fastest-growing due to easy susceptibility to microbial and other contaminations, along with the growing number of tests for fruit & vegetables (as they are also largely used as ingredients). Furthermore, high susceptibility to contamination of fruit & vegetables by different types of pathogens, pesticides, and GMOs are also expected to drive the growth.

The GMO segment, by target tested, is projected to grow at the highest rate during the forecast period. GMO testing is projected to grow at the highest CAGR during the forecast period. GMOs used for the growth of genetically modified food have several functional benefits, such as enhanced taste & quality, reduced maturation time, increased nutrient content and yield & stress tolerance, and improved resistance to diseases, pests, and herbicides. Increase in consumer awareness for genetically modified organisms in food, stringent regulatory restrictions on GMO, and efficient technological trends are expected to drive the global market for GMO testing. PERSONALIZE THIS RESEARCH Triangulate with your Own Data Get Data as per your Format and Definition Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor Any level of Personalization Download PDF

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