Market Insights
Market Research Future has revealed in its latest report that the global food safety testing market will witness a consistent CAGR of 7.2% during the forecast period. A key trend affecting the positive growth of this market is the rising awareness among consumers regarding health and food intake.
Food safety testing has proven to be essential in the food & beverage (FnB) industry as consumers are increasingly focusing on quality and a highly competitive market demands that market players offer high-quality food products. Governments and international standards have become more stringent over the years and many organizations which mass produce food items have quality control testing equipment to comply with standards, thus driving growth for the global food safety testing market.
Salmonella outbreaks and contaminations of food due to errors in storage have led to greater importance on food quality safety testing to ensure that product recalls and epidemics are avoided. Unfortunately, the unexpected contamination of food products due to pathogens carried by unwashed hands or accidental breach due to human error are expected to challenge market growth. However, the FnB industry is continually evolving with new food trends and innovative products being launched on a regular basis; this offers the food safety testing market ample opportunities to expand and grow.
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Latest Industry News
The Food & Drug Authority (FDA) of the US has linked a recent Salmonella outbreak to watermelon, honeydew melon, and cantaloupe which have been cut for use in fresh fruit products by Caito Foods in Indianapolis. The outbreak has prompted the issuance of a mass recall in several states of the country.
The International Association for Food Protection is set to have its annual conference in Salt Lake City, Utah.
Key Players
Prominent market players in the competitive landscape of the global food safety testing market have been identified and analyzed in MRFRs report. Some of the market players included are Intertek Group Plc, Cotecna Inspection SA, SGS SA, Bureau Veritas and others.
Market Segmentation
The global market for food safety testing has been segmented on the basis of contamination, technology, food types, and region. By contamination, the market has been segmented into pathogens and pesticides & others. Further sub-segmentation includes:
- Pathogens – Salmonella, listeria, e. coli, campylobacter, and others.
- Pesticides & others – GMOs, toxins, and others.
By technology, the market has been segmented into traditional technology and rapid technology. Further sub-segmentation includes:
- Rapid Technology – convenience-based testing, PCR based testing, immunoassay-based testing, and other rapid tests.
By food types, the market has been segmented into meat & poultry products, dairy products, processed food, fruit & vegetable and other food types.
By region, the global market has been divided into the Americas, Europe, the Asia- Pacific and the Middle East & Africa.
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Regional Analysis
Led by North America, the Americas have over a third of the total market share globally and is expected to grow at a CAGR of 7% during the forecast period. Following closely behind the Americas with the second largest market share is Europe. These regions have the presence of many market leaders and have a strong focus on research and development of food safety. Moreover, these regions have strict government standards for food safety and regular randomized inspection schedules which propel the growth of the market.
Asia Pacific is the most rapidly growing market globally which is set to experience a healthy CAGR of over 9% during the forecast period. The projection is primarily due to the availability of ample opportunity for growth of this market in the region. The burgeoning food industry is facing demands from consumers with regards to high-quality food, thus facilitating growth.
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