The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Food Safety Testing Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Food Safety Testing Industry Analytical Overview (2024-2030): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, Food Safety Testing Market size was valued at around USD 19.5 billion in 2023 & is expected to grow at a CAGR of around 7.90% during the forecast period, i.e., 2024-30. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2030.
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What is Included in Food Safety Testing Market Segmentation?
The report has segmented the market into the following categories:
By Testing Type
- Allergen Testing- Market Size & Forecast 2019-2030, USD Million
- Residues and Contamination Testing- Market Size & Forecast 2019-2030, USD Million
- GMO Testing- Market Size & Forecast 2019-2030, USD Million
- Mycotoxin (Fungi) and Microbiological Testing- Market Size & Forecast 2019-2030, USD Million
- Pathogen Testing- Market Size & Forecast 2019-2030, USD Million
- Toxic Heavy Metals Testing- Market Size & Forecast 2019-2030, USD Million
- Others (Chemical or Nutritional Testing) - Market Size & Forecast 2019-2030, USD Million
By Technology
- Traditional Technology- Market Size & Forecast 2019-2030, USD Million
- Rapid Technology - Market Size & Forecast 2019-2030, USD Million
- - Molecular Detection System (MDS) - Market Size & Forecast 2019-2030, USD Million
- - Rapid pathogen testing technology- Market Size & Forecast 2019-2030, USD Million
- - Rapid Antibody-based Technology- Market Size & Forecast 2019-2030, USD Million
Here, rapid technology would continue holding the maximum share of the food safety testing market through 2030. It owes to its benefits like flexibility along with accurate, quick, & real-time results, as well as various technological advancements in closed tube & automated PCR and the increasing availability of inexpensive testing kits. Nowadays, food producers can set up a PCR laboratory next to their production unit and utilize the same staff for food safety testing. With the advent of automated PCR, throughput & reproducibility have increased significantly, along with a greatly reduced hands-on time.
By Application
- Food- Market Size & Forecast 2019-2030, USD Million
- - Dairy Products- Market Size & Forecast 2019-2030, USD Million
- - Fruits & Vegetables- Market Size & Forecast 2019-2030, USD Million
- - Seafood, Meat, and Poultry- Market Size & Forecast 2019-2030, USD Million
- - Processed Food- Market Size & Forecast 2019-2030, USD Million
- - Cereals & Grains- Market Size & Forecast 2019-2030, USD Million
- - Others (Nuts and seeds) - Market Size & Forecast 2019-2030, USD Million
- Beverages- Market Size & Forecast 2019-2030, USD Million
- - Water- Market Size & Forecast 2019-2030, USD Million
- - Alcoholic Drinks- Market Size & Forecast 2019-2030, USD Million
- - Milk Adulteration- Market Size & Forecast 2019-2030, USD Million
By Region
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
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Key Factor Driver Food Safety Testing Industry Growth by 2030
Rapidly Rising Cases of Food-borne Illnesses Worldwide - The world is witnessing a swiftly increasing number of individuals being diagnosed with food-borne illnesses, i.e., the primary aspect projected to drive the Global market during 2024-30. The major reason behind the rising incidence of these illnesses is the consumption of spoiled, contaminated, or expired food items with various microorganisms like fungi, bacteria, viruses, & parasites, among others. Consequently, there's a burgeoning demand for advanced food testing kits, equipment, and systems, which are accurate & can provide quick results in real-time, i.e., projected to stimulate the growth of the food safety testing industry in the years to come.
Who are the Key Players Operating in the Food Safety Testing Industry?
The top companies of the Food Safety Testing market ruling the industry are:
- The 3M Company
- Agilent Technologies
- ALS
- Bio-merieux SA
- Bio-Rad Laboratories
- Bureau Veritas
- Eurofins Scientific
- Genetic ID NA Inc
- Intertek Group
- Merck Group
- Merieux NutriSciences
- Neogen Corporation
- Qiagen Corporation
- SGS S.A.
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FAQs (Frequently Ask Questions)
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