Food Safety Testing Market Is Expected To Grow At A CAGR Of 7.9% During 2023-28

According to MarkNtel Advisors’ research report, “Global Food Safety Testing Market Analysis, 2023,” the market is likely to grow at a CAGR of 7.9% during 2023-28 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

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? 

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, 2023” 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 2023-28 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, 2023.”

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)
5. By Country (U.S, Canada, Brazil, Mexico, Germany, France, The U.K, Spain, Italy, China, India, Japan, South Korea, UAE, Saudi Arabia, South Africa)