Food Safety Testing Market size was valued at USD 23.24 Billion in 2023 and the total Food Safety Testing revenue is expected to grow at a CAGR of 8.34% from 2024 to 2030, reaching nearly USD 40.72 Billion by 2030.
Food Safety Testing Market Report Overview:
The research provides a complete study of insights into the Food Safety Testing market, covering dynamic patterns, industry landscape, and all major market elements. The Food Safety Testing market research also includes a detailed analysis of leading players.
Food Safety Testing Market Dynamics:
Factors Driving Growth in the Food Safety Testing Market
The growing awareness of safe and healthy food is the primary driver of the Food Safety Testing Market. Customers are growing more aware of their nutritional choices and preferring organic, non-GMO items that promote overall wellness. Consumers are looking for items that cater to special dietary requirements as they become more aware of allergens and other dietary restrictions. The Food Safety Testing Market is being driven by a preference for products marked with few additives, preservatives, and artificial agents, as well as a desire for food testing services to guarantee that products are free of GMOs and other dangerous pollutants. The use of rapid technology such as PCR, LC-MS/MS, and immunoassay produces quick and exact findings.
Food Safety Testing Market Scope and Research Methodology
The purpose of this report is to evaluate and forecast the size of the Food Safety Testing market. It provides strategic profiles of key market participants, providing a clear picture of the competitive landscape in the worldwide Food Safety Testing market. This covers a thorough examination of current developments such as new product introductions, acquisitions, mergers, joint ventures, brand activities, and important players in the Food Safety Testing sector. The research provides insights into industry trends, dynamics, and potentials, helping professionals stay up to date on the current trends and sector performance. This information helps project increase and fall in Food Safety Testing market share during the predicted period.
A thorough grasp of the Food Safety Testing industry was gained through a combination of primary and secondary research techniques. To achieve reliable results, a variety of approaches were used, including PESTLE, PORTER, and SWOT analysis. SWOT analysis was used to identify the strengths, weaknesses, opportunities, and problems for important companies in the Food Safety Testing industry. Furthermore, the application of PORTER and PESTLE analysis enabled an understanding of the microeconomic and macroeconomic aspects driving the Food Safety Testing industry.
Food Safety Testing Market Segmentation:
by Food Tested
Meat, Poultry, and Sea Food
Dairy Products
Processed Foods
Fruits and Vegetables
Cereals and Grains
Beverages
by Contaminants Targeted
Pathogens
Chemical Contaminants
Allergens
by Technology
Polymerase Chain Reaction
ImmunoAssay Technologies
Chromatography and Spectroscopy
According to Foods Tested, the Meat, poultry, and seafood segment had the greatest market share of about 30% in the worldwide food safety testing market in 2023. According to the MMR analysis, the category is predicted to rise at an 8.5% CAGR during the forecast period, making it the prominent segment in the food safety testing market. Consumers' health consciousness and increased emphasis on higher protein intake, as well as food safety, reinforced this market segment analysis. Furthermore, the quality of meat, poultry, and fish is determined by its tenderness, firmness, and roughness. While other food products can integrate a range of flavours to earn customer favour, meat, poultry, and seafood rely purely on sensory evaluation.
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Food Safety Testing Market Key Players:
1. SGS S.A.
2. NSF International
3. Eurofins Scientific SE
4. Intertek Group PLC
5. Merieux Nutrisciences
6. TUV SUD
7. UL LLC
8. AsureQuality Limited
9. Bureau Veritas S.A.
10. Intertek Group plc
11. ALS Limited
12. Thermo Fisher Scientific Inc.
13. Mérieux NutriSciences Corporation
14. Neogen Corporation
15. Bio-Rad Laboratories, Inc.
16. PerkinElmer, Inc.
17. Romer Labs Division Holding GmbH
Food Safety Testing Market Regional Analysis:
The report is segmented into several key countries, with market size, growth rate, import and export of Food Safety Testing market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.
Key Questions Addressed in This Report:
How has the Food Safety Testing market performed so far and how will it perform in the coming years?
What is the market segmentation of the global Food Safety Testing market?
What is the regional breakup of the global Food Safety Testing market?
What are the price trends of various feedstocks in the Food Safety Testing industry?
What is the structure of the Food Safety Testing industry and who are the key players?
What are the various unit operations involved in a Food Safety Testing processing plant?
What is the total size of land required for setting up a Food Safety Testing processing plant?
What is the layout of a Food Safety Testing processing plant?
What are the machinery requirements for setting up a Food Safety Testing processing plant?
What are the raw material requirements for setting up a Food Safety Testing processing plant?
What are the packaging requirements for setting up a Food Safety Testing processing plant?
What are the transportation requirements for setting up a Food Safety Testing processing plant?
What are the utility requirements for setting up a Food Safety Testing processing plant?
What are the human resource requirements for setting up a Food Safety Testing processing plant?
What are the infrastructure costs for setting up a Food Safety Testing processing plant?
What are the capital costs for setting up a Food Safety Testing processing plant?
What are the operating costs for setting up a Food Safety Testing processing plant?
What should be the pricing mechanism of the final product?
What will be the income and expenditures for a Food Safety Testing processing plant?
What is the time required to break even?
What are the profit projections for setting up a Food Safety Testing processing plant?
What are the key success and risk factors in the Food Safety Testing industry?
What are the key regulatory procedures and requirements for setting up a Food Safety Testing processing plant?
What are the key certifications required for setting up a Food Safety Testing processing plant?
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Key Offerings:
- A detailed Analysis of the Market Overview
- Market Share, Size & Forecast by Revenue | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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