Press Release

Global Food Safety Testing Market Reaches USD 19.5 Million in 2023, Foreseeing a 7.90% CAGR Through 2030

The Global Food Safety Testing Market size was valued at USD 19.5 million in 2023 and is estimated to grow at a CAGR of around 7.90% during the forecast period, i.e., 2024-30, cites MarkNtel Advisors in the recent research report.  the growth of market is drivig by 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

1. What are the current and future trends in the Global Food Safety Testing market? 
2. How has the industry been evolving in terms of geography and service adoption?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Global Food Safety Testing market?
5. What are the customer orientation, purchase behavior, and expectations from the Global Food Safety Testing market service providers across various regions? 

Global Food Safety Testing Market Segmentation Analysis

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.

North America Holds a Noteworthy Share of the Global Food Safety Testing Market
North America plays a significant role in the Global Food Safety Testing Market due to stringent food safety regulations, increasing production and consumption of packaged food, and a rise in foodborne illnesses, particularly in the US & Canada. Regulatory bodies in North America require mandatory microbial and GMO testing at all stages of food production and processing to ensure food safety. Additionally, growing health awareness, along with the presence of leading food & beverage manufacturers and testing companies developing innovative technologies, further drives the North America Food Safety Testing Market.

Competitive Landscape

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.

Market Segmentation:

1. By Testing Type (Allergen Testing, Residues and Contamination Testing, GMO Testing, Mycotoxin (Fungi) and Microbiological Testing, Pathogen Testing, Toxic Heavy Metals Testing, and Others (Chemical or Nutritional Testing))
2. By Technology (Traditional Technology, Rapid Technology [Molecular Detection System (MDS), Rapid pathogen testing technology, Rapid Antibody-based Technology])
3. By Application (Food [Dairy Products, Fruits & Vegetables, Seafood, Meat, and Poultry, Processed Food, Cereals & Grains, Others (Nuts and seeds)], Beverages [Water, Alcoholic Drinks, Milk Adulteration])
4. By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa)