According to MarkNtel Advisors’ research report, “Global Food Safety Testing Market Analysis, 2021,” the market is likely to grow at a CAGR of 7.9% during 2021-26 due to the surging contamination of food resulting in increasing the number of cases of foodborne illnesses & food recalls and rising concerns & stringent regulations toward food safety. Further, the snowballing concerns regarding food adulteration with pathogens & other elements aid the constant need for food safety tests at different food processing levels, thereby propelling the overall market growth in the forecast period.
Key questions answered in the study
Seafood Captured Significant Market Share
Based on the Application, the market classifies into Food and Beverages. The food segment further bifurcates into Dairy Products, Fruits & Vegetables, Seafood, Meat, Poultry, Processed Food, Cereals & Grains, and Others, including Nuts and seeds. However, seafood attained the highest share in the Global Food Safety Testing Market in the previous few years due to the burgeoning demand for seafood owing to its nutritious value because of omega fatty acid and other essential nutrients.
“Global Food Safety Testing Market Analysis, 2021” provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Food Safety Testing providers across the globe. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.
Europe Exhibits Fastest Growth
Europe is likely to register the fastest growth in the Global Food Safety Testing market during 2021-26 due to the rising prevalence of food-related allergies among the people of Europe, which further augments the demand for food safety testing procedures. In addition to this, enforcement of stringent regulatory norms in the region is another prime factor propelling the market growth. Therefore, Europe is likely to contribute to the overall market growth in the forecast period, reveals MarkNtel Advisors in their research report, “Global Food Safety Testing Market Analysis, 2021.”
According to MarkNtel Advisors, the major leading players in the Global Food Safety Testing Market 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., and Others.