Market Overview
Food Safety Testing companies or laboratories constantly perform food safety tests for certifying that the product produced by the food companies is edible for consumption.
According to MarkNtel Advisors' research report, “Global Food Safety Testing Market Analysis, 2021,” the market is likely to grow at a CAGR of around 7.9% during 2021-26. It owes to the rising concerns towards food safety, the surging occurrence of foodborne diseases, improvements in rapid inspection, mounting consumer awareness regarding food safety, and increasing contamination of food items. In addition to this, the introduction of stringent regulations to minimize the adverse effects of contaminated food is another crucial aspect likely to propel the overall market growth in the forecast period.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2016-19 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| CAGR (2021-2026) | 7.9% |
| Regions Covered | North America: USA, Canada, Mexico |
| Europe: Germany, The UK, France, Spain, Italy | |
| Asia-Pacific: China, India, Japan, South Korea | |
| South America: Brazil | |
| Middle East & Africa: UAE, Saudi Arabia, South Africa | |
| Key Companies Profiled | 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., Others |
| Unit Denominations | USD Million/Billion |
Impact of COVID-19
The sudden outbreak of the COVID-19 pandemic has positively impacted the growth of the Global Food Safety Testing Market due to rising consumer concern regarding the significance of safe, healthy, and nutritious eating habits. Due to the lockdown imposed, the shutdown of restaurants, and the restriction on movement of people, the demand for packed items significantly increased, thereby positively influencing the growth of the Food Safety Testing Market across the globe.
