The global food safety testing market size is expected to
reach USD 30.1 billion by 2025, escalating at a CAGR of 7.7% over the forecast
period, as per a new report by Grand View Research Inc. Rise in the outbreak of
foodborne diseases and the enforcement of stringent regulatory norms regarding
optimum quality of edible items are expected to drive the demand for product
safety in the market over the projected period.
Governments and food producers have
undertaken extensive efforts to improve the quality of edible products owing to
health concerns and economic losses caused by contamination. In addition, the
presence of authorities, such as the FDA and FSSAI, to ensure conformance to
quality standards for the products, is expected to result in increased safety
checks. The market for this type of safety checks is highly competitive in
nature as key players compete not only with other companies that conduct tests but
also with the internal analytics departments of end users and government
agencies.
The food safety testing market is
witnessing notable technological developments such as the usage of electrical
biosensors in microbiological safety testing. This is expected to reduce the
analysis time with increased accuracy in results. In addition, increasing
expenditure by processing companies to ensure higher quality of edible items is
expected to bode well for market growth.
The existence of inadequate regulatory
infrastructure in underdeveloped countries due to limited resources and lack of
restructuring of food regulatory agencies is expected to limit growth. However,
the industry in Asia Pacific is expected to grow owing to notable growth of
food processing sector in developing economies such as India and China and the
enforcement of stringent regulations regarding product safety. Increasing
awareness regarding quality checks and the examining of edible products are
also expected to contribute to the market growth over the forecast period.
Browse full research report on Food Safety Testing Market:
Further key findings from the report suggest:
- Allergen segment accounted for 12.8% of the revenue share of
the market in 2018 owing to its extensive usage in advanced production
processes and minimize contamination risks
- Dairy & dairy products segment is expected to grow at a
CAGR of 7.7% from 2019 to 2025 owing to increasing assessment of
shelf-life for milk & dairy products to demonstrate compliance with
statutory requirements
- The food safety testing market in Asia Pacific is expected to
grow at 8.9% from 2019 to 2025.
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request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/food-safety-testing-industry/request/rs1
Grand View Research has segmented the global food safety testing
market on the basis of test, end-use, and region:
Food Safety Testing Test Outlook (Revenue, USD Million, 2014 -
2025)
- Allergen
Testing
- Chemical
& Nutritional Testing
- Genetically
Modified Organism (GMO) Testing
- Microbiological
Testing
- Residues
& Contamination Testing
- Others
Food Safety Testing Application Outlook (Revenue, USD Million,
2014 - 2025)
- Meat,
Poultry & Seafood Products
- Dairy
& Dairy Products
- Processed
Food
- Beverages
- Cereals
& Grains
- Others
Food Safety Testing Region Outlook (Revenue, USD Million, 2014 -
2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Asia
Pacific
- China
- Japan
- India
- Central
& South America
- Brazil
- Middle
East & Africa
- South
Africa
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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