Food Safety and Residue Testing Market Growth Analysis by Top Companies, Industry Overview, Regional Analysis and Forecast 2030 With top Companies SGS SA, Intertek, ALS Ltd.

PRESS RELEASE
Published September 5, 2023

United States – Infinity Business Insights has recently added a new report to its database titled “Food Safety and Residue Testing Market: By Size, Latest Trends, Share, Huge Growth, Segments, Analysis, and Forecast, 2030.” This comprehensive report delves into every aspect of the market, including type, application, region, and key players, while also examining their potential impact on the Food Safety and Residue Testing Market.

The report offers a detailed analysis of market characteristics, size, share, trends, segmentation, regional and country breakdowns, and the competitive landscape. Its primary objective is to support emerging businesses in evaluating their business strategies positively by providing insights on various aspects of market competitiveness. Additionally, the report aims to define, segment, and project the size of the Food Safety and Residue Testing Market based on product type, end-user, company, and key regions. To achieve this objective, historical data and growth forecasts for the industry are included for each major geographical region.

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Major players profiled in the study are: Mérieux NutriSciences, SGS SA, Bureau Veritas S.A., Intertek Group Plc., Eurofins Scientific, AsureQuality Laboratories, ALS Limited, Microbac Laboratories Inc.

Market Overview:

The global food safety and residue testing market is expected to grow at a CAGR of 8.1% from 2023 to 2030, reaching a value of USD 40.8 billion by 2030. The Food Safety and Residue Testing market focuses on ensuring the safety and quality of food products through rigorous testing for contaminants, residues, and pathogens. With growing concerns about foodborne illnesses and regulatory compliance, this market offers solutions to detect chemical, microbial, and physical hazards in food. Testing spans across pesticides, allergens, pathogens, and veterinary drug residues. The market’s growth is driven by stricter regulations, consumer awareness, and global food supply chains. Advanced technologies like PCR, LC-MS, and rapid testing methods are key trends. The Food Safety and Residue Testing market addresses the imperative of providing safe and trustworthy food to consumers and maintaining industry integrity.

Market Segmentation:

By Types:

Pesticides Residues
Toxins Testing
Heavy Metals Testing
Food Allergens Testing
Others

By Application:

Meat & Poultry
Dairy Products
Fruits & Vegetables
Others

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Food Safety and Residue Testing Market Challenges and Opportunities:

The Food Safety and Residue Testing market faces challenges in keeping up with evolving regulations, detecting emerging contaminants, and managing testing complexity across the food supply chain. Maintaining high standards of accuracy and meeting global requirements is complex. However, these challenges offer opportunities to develop advanced testing technologies, implement blockchain for traceability, and enhance rapid testing methods. As consumer demand for safe food grows, the market can flourish by offering comprehensive testing solutions that ensure food quality, safety, and compliance, catering to industries seeking reliable and efficient testing methods and contributing to the improvement of global food safety standards.

Food Safety and Residue Testing Market by Region:

  • North America Food Safety and Residue Testing Market
  • Latin America Food Safety and Residue Testing Market
  • Europe Food Safety and Residue Testing Market
  • Asia Pacific Food Safety and Residue Testing Market
  • The Middle East & Africa Food Safety and Residue Testing Market

Research Methodology:

This study follows a robust research methodology, involving data collection through data collection modules with a large sample size. The collected data undergoes analysis using statistical and coherent models to derive meaningful insights. The market report includes key components such as market share analysis and key trend analysis. To ensure accuracy and reliability, Infinity Business Insights’ research team employs a data triangulation approach, combining data mining, analysis of data variables’ impact on the market, and validation through primary sources such as industry experts. Various data models, including the Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, and Asia-Pacific vs. Regional & Vendor Share Analysis, are utilized. For further inquiries, an analyst call can be requested.

The Food Safety and Residue Testing market report addresses several essential inquiries, including:

  1. Analysis of strengths and weaknesses of key vendors.
  2. Identification of leading key players and their future business plans.
  3. Projection of the market size and growth rate for the Food Safety and Residue Testing market in the upcoming year.
  4. Examination of the primary factors driving the global Food Safety and Residue Testing market.
  5. Assessment of key market trends influencing the growth of the global Food Safety and Residue Testing market.
  6. Identification of trending factors impacting market shares in top regions worldwide, including the effects of Covid-19 on the industry.
  7. Evaluation of key market players and their strategies within the global Food Safety and Residue Testing market.
  8. Exploration of market opportunities and threats faced by vendors in the global Food Safety and Residue Testing market.
  9. Analysis of industrial trends, drivers, and challenges influencing market growth.
  10. Presentation of key findings derived from the five forces analysis of the global Food Safety and Residue Testing market.

What’s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero- Covid policy in China and its bumpy reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies – Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

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Strategic Points Covered in Table of Content of Global Food Safety and Residue Testing Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Food Safety and Residue Testing market

Chapter 2: Exclusive Summary – the basic information of the Food Safety and Residue Testing Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Food Safety and Residue Testing

Chapter 4: Presenting the Food Safety and Residue Testing Market Factor Analysis, Porters Five Forces, PESTEL analysis, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region/Country 2018-2021

Chapter 6: Evaluating the leading Company of the Food Safety and Residue Testing market.

Chapter 7: To evaluate the market by segments, by countries and by Company with revenue share and sales by key countries in these various regions (2023-2030)

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

 

finally, Food Safety and Residue Testing Market is a valuable source of guidance for individuals and companies.

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