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.
Market Segmentation
Pathogen Testing Accounted for the Largest Market Share
Based on the Testing Type, the market classifies into Allergen Testing, Residues and Contamination Testing, GMO Testing, Mycotoxin (Fungi) and Microbiological Testing, Pathogen Testing, Toxic Heavy Metals Testing, and Others including Chemical or Nutritional Testing. Among these segments, Pathogen Testing captured a significant share in the Global Food Safety Testing Market in the previous few years due to the surging prevalence of infectious gastrointestinal diseases owing to foodborne pathogens, which, in turn, aid the cost of medical bills.
Additionally, the evolution of pathogens and changes in agricultural & food manufacturing practices results in the emergence of foodborne pathogens and foodborne diseases. Thus, the demand for Pathogen Testing is likely to increase significantly over the forecast period, cites MarkNtel Advisors in their research report, “Global Food Safety Testing Market Analysis, 2021.”
Rapid technology to Grow at a Sturdy Rate
Based on the Technology, the market divides into Traditional Technology and Rapid Technology. Of these segments, Rapid Technology is likely to grow at the fastest rate during the forecast period due to the technological advancements and need for having accurate and real-time results. In addition to this, the launch of new technologically upgraded testing kits boosts the segment growth.
Regional Landscape
North America Dominated the Market
Geographically, North America acquired the largest share in the Global Food Safety Testing Market in the previous few years due to the stringent regulations by the regulatory bodies in the region. Additionally, increased production & consumption of packaged food in North America also fuels market growth as safety testing is crucial during every stage of food production. Further, mounting incidences of foodborne diseases in the region is another prime factor backing the Global Food Safety Testing Market growth.
Market Driver
Increase in Outbreaks of Foodborne Diseases
Mounting contamination of food with pathogens, yeasts, molds, etc., and increasing consumption of packaged food are the most prominent factors likely to fuel the demand for food safety testing. In addition to this, skyrocketing medical bills and snowballing deaths due to food poisoning each year are other critical aspects propelling the overall market growth.
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.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
A. The Global Food Safety Testing Market is forecast to grow at a CAGR of 7.9% during 2021-26.
A. 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 are a few of the leading players in the Global Food Safety Testing Market.
A. Pathogen Testing is likely to attain the highest CAGR during the forecast period and maintain its significant market share.
A. North America continues to grow at the highest CAGR during 2021-26, thereby presenting immense opportunities to market players of the Global Food Safety Testing Market.
A. Rising concerns towards food safety coupled with the surging occurrence of foodborne diseases, improvements in rapid inspection, mounting consumer awareness regarding food safety, and surging contamination of food items with chemicals are the prime factors fueling the market growth.
A. 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.
