PUBLISHER: SkyQuest | PRODUCT CODE: 1498613
PUBLISHER: SkyQuest | PRODUCT CODE: 1498613
Food Safety Testing Market size was valued at USD 28.5 Billion in 2022 and is poised to grow from USD 30.69 Billion in 2023 to USD 55.53 Billion by 2031, growing at a CAGR of 7.5% in the forecast period (2024-2031).
The food safety and testing market is vital in safeguarding public health by identifying and preventing contaminants, toxins, chemical residues, allergens, and other hazards in food. The rise in foodborne illnesses globally underscores the need for thorough food safety testing. This demand is driven by increased incidences of foodborne diseases, product recalls, and safety incidents, which highlight the necessity for tested and certified foods. As international food trade grows, meeting import and export standards necessitates extensive testing, accelerating market expansion. Improved testing techniques enhance efficiency and accuracy while evolving legislation and large-scale production challenge sample representativeness. Key industry players benefit from stricter regulations, technological advancements, and rising consumer awareness, contributing to the market's growth. The increasing demand for safe, quality food presents significant opportunities, with expectations for continued growth fuelled by R&D investments, new technologies, and expansion into developing regions.
Top-down and bottom-up approaches were used to estimate and validate the size of the Food Safety Testing Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Food Safety Testing Market Segmental Analysis
The food safety testing market is segmented by offering, contaminants, technology, food type and region. By offering, the market is segmented into Reagents & Consumables, Instruments, and Services. By contaminants, the market is segmented into Pathogens (E.Coli, Salmonella, Campylobacter, Listeria, Others), Pesticides, GMOs, Mycotoxin, Allergens, Heavy metals, and Others. By technology, the market is segmented into Traditional, Rapid (Convenience-based, Polymerase Chain Reaction (PCR), Immunoassay), and Chromatography & Spectrometry. By food type, the market is segmented into Meat Poultry & Seafood, Dairy Products, Processed Food, Fruits & Vegetables, Cereals & Grains, and Others. By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Drivers of the Food Safety Testing Market
The rising incidence of foodborne illnesses globally is propelling the growth of the food safety testing market. Our analysis indicates that annually, 600 million cases of foodborne diseases result in 420,000 deaths worldwide. Alarmingly, 30% of these deaths occur in children under five. The primary culprits are spoiled or contaminated foods harbouring harmful microorganisms like bacteria, fungi, parasites, and viruses. Additionally, pollutants such as mycotoxins, heavy metals, and chemicals exacerbate these health risks. This alarming trend underscores the critical need for rigorous food safety measures to protect public health, particularly vulnerable populations like young children.
Restraints in the Food Safety Testing Market
Rising consumer awareness, along with a surge in product recalls, food contamination, and food poisoning incidents, is driving heightened demand for food safety equipment across various regions. Nevertheless, the expansion of the global food safety testing market is being stymied by insufficient infrastructure for food testing laboratories. This lack of adequate facilities limits the capacity to conduct comprehensive and reliable food safety tests, which are essential for ensuring public health and maintaining consumer confidence. As a result, despite the growing need for robust food safety measures, the market's growth is constrained by infrastructural shortcomings that need urgent addressing.
Market Trends of the Food Safety Testing Market
Foodborne diseases are a significant public health issue that heavily impacts trade, development, and travel. These diseases arise from consuming contaminated food, with over 250 known hazards, including infectious bacteria, viruses, parasites, and non-infectious chemicals and toxins. While many contaminants typically cause diarrhoea and vomiting, the clinical symptoms can vary widely depending on the food and contaminant involved. Contaminants can be introduced accidentally or intentionally during food preparation, processing, or handling, or they may be naturally present in the food itself. Addressing foodborne diseases requires stringent safety measures throughout the food supply chain to prevent contamination and protect public health.