According to a new market report published by Lucintel, the future of the global food safety testing market looks promising with opportunities in various end use industries, which are dairy products, food grains, meat, poultry, & seafood, fruits & vegetables, processed foods, and beverages. The global food safety testing market is expected to reach an estimated $6.7 billion by 2027 with a CAGR of 6.3% from 2022 to 2027. The major drivers for this market are growing incidence of foodborne diseases, implementation of food safety and inspection services all over the world, and strong growth in the food and beverage industry.
In this market, food safety testing is performed to detect various contaminants, such as pathogens, pesticides, genetically modified organisms (GMO), toxins, and allergens, in various food and beverage products. On the basis of comprehensive research, Lucintel forecasts that pathogens will remain the largest contaminant segment over the forecast period, driven by growing food safety concerns and regulations due to growing food poisoning cases. Lucintel predicts that the genetically modified organism (GMO) segment is expected to witness the highest growth during the forecast period due to technological advancements in the agriculture sector to produce genetically modified crops and increasing consumer awareness of health.
Within the global food safety testing market, meat, poultry, and seafood will remain the largest end use industry over the forecast period due to an increasing number of companies that are highly engaged in providing services related to animal foods, such seafood, meat, and others, in which seafood requires special safety services.
Europe will remain the largest region over the forecast period due to the region’s stringent regulations for food safety and the presence of giant food and beverage manufacturers. APAC is expected to witness the highest growth over the forecast period due to growing international trade, which has mandated food safety testing to comply with regulatory standards, and growing population.
Emerging trends, which have a direct impact on the dynamics of the industry, include the usage of DNA-based PCR-testing method for GMOs and introduction of mass spectral detection. Eurofins Scientific, SGS, Intertek Group, ALS, Bureau Veritas, Asurequality Limited, and Mérieux NutriSciences are among the major players in the food safety testing market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global food safety testing market by contaminant, technology, end use, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Food Safety Testing Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global food safety testing market by contaminant, technology, end use, and region, as follows:
By Contaminant [Value ($M) from 2016 to 2027]:
·Pathogens
·Pesticides
·Genetically Modified Organisms (GMO)
·Toxins
·Allergens
·Others
By Technology [Value ($ Million) from 2016 to 2027]:
·Traditional
·Rapid
By End Use [Value ($ Million) from 2016 to 2027]:
·Dairy Products
·Food Grains
·Meat, Poultry, and Seafood
·Fruits and Vegetables
·Processed Foods
·Beverages
·Others
By Region [Value ($ Million) from 2016 to 2027]:
·North America
− US
− Canada
− Mexico
·Europe
− United Kingdom
− Germany
− France
− Italy
− Spain
·APAC
− China
− Japan
− India
·ROW
− Brazil
Browse 89 market data tables and 109 figures spread through 226 pages and in-depth TOC on “Global Food Safety Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/food-safety-testing-market.aspx or write us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report addresses the following key questions:
Q.1. What are some of the most promising growth opportunities for the global food safety testing market by contaminant (pathogens, pesticides, genetically modified organisms (GMO), toxins, allergens, and others), technology (traditional and rapid), end use (dairy products, food grains, meat, poultry, & seafood, fruits & vegetables, processed foods, beverages, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market and which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11. What M & A activity did occur in the last five years?