Global Food Safety Testing Market Size was valued at USD 19.37 billion in 2020 and is predicted to reach USD xx.xx billion by 2027, at a CAGR of 7.5% throughout the forecast period. In this study, 2018 has been considered as the base year and 2020 to 2027 as the forecast period to approximated the market size for Food Safety Testing Market. The contamination present in the food is increasingly causing many food-related diseases. This has brought in many stringent foods a regulatory standard which is why the food safety market is gaining attention in the eyes of many. At the same time, the consumers are also much aware of the food safety and all these reasons have contributed to the growth of food safety industry over the past years and food safety supposedly will continue to be the ongoing trend until next 7 years.

However, it is important to understand that contaminations and chemicals are the most underlying causes of food poisoning which are suspected to degrade food quality at any stage starting from manufacturing until they are distributed to customers. Thus, it becomes highly necessary to carry out the required tests to identify any contamination in food or food products.

Almost 48 people died in Germany in 2011, due to a food-related illness called E. coli which is the short form for a novel strain of Escherichia coli. Furthermore, according to the statistics, around 1 million people suffer from food-related diseases in the U. K, out of which around 20,000 receive the treatment for food poisoning and yet sadly around 500 people die every year because of food-related disease. This is the reason why Governments and customers are becoming more alert so that they can likely prevent such outbreaks in the future and thus, are focusing on food products safety activities.

Nevertheless, without taking prohibitive actions such as creating food safety awareness in developing countries and overcoming the challenge of not being able of carrying out a number of food tests for different food types, there won't as much market growth in food safety industry as it is expected to be.

About one-third of the entire food safety market is functioning in Europe, making it one of the leading countries in the field of food safety products and testing followed by North America and the Asia Pacific. Interesting though, there are greater chances of market growth in the Asia Pacific for the companies involved in food safety testing.

Our market research study is meant to give you a clear understanding of market dynamics, trends, supply and demand of food safety testing industry. This report will give you deep insights into the current market along with a key understanding of macro as well micro level. This equips you with the detailed information, regarding estimates and forecasts for key contaminants including pathogens, pesticides, genetically modified organisms (GMO), toxins and others. We have also included a yearly forecast up to 2018 along with the information on food safety demand by food type and you will also find information on key regional markets.

This research report includes key factors which have contributed to the growth of the global food safety testing market over the past years. Additionally, the report analyzes the key contributing factors that have driven or restrained the market growth based on which market forecasts are made. You will be able to identify current opportunities in the market which may help you to grow as a business in the food safety testing industry.

Regional Analysis

The survey report includes a comprehensive investigation into the food safety testing Market, which is clearly arranged within the localities. The report provides an analysis for more than 20 countries of regional market players operating in the specific market, and results related to the target market. The report, which covers North America, South America, Europe, Asia Pacific (APAC), Africa and the Middle East, also contains a regional and country-level analysis of the market. The market is thoroughly analyzed in each region, allowing for the identification of regional market trends, impediments and opportunities for growth.

It is estimated that North America, the dominating country in food safety testing market will show considerable growth during the forecast period. The growth would be possible because of marketing analytics tools and because of existing players that are firmly established in the market since the beginning. In addition to that, government agencies, companies, third-party administrators, etc. are channelizing their efforts to make customer-centric products which will also contribute to the growth in this region. Rising demand, increased income, advanced technology and machinery, along with the programs for spreading the awareness of the need will likely cause the food safety testing market to grow substantially.

Global Food Safety Testing Market Size, Share, Global Trends By 2020

Asia-Pacific is supposed to have greater demand in the forecast year because of the fast-growing population. This factor alone stands out as the reason why the region will be dominating the food safety testing market share in the given forecast period. Due to improvements in GDP per capita and infrastructure development has urbanized the region to greater extent turning rural areas into urban areas. The sudden surge in the demand has caused the cities to fall into unsustainable consumption models. The top key players in the food safety testing market are located in the region.

As large projects are ongoing in countries like China, India, Japan, South Korea, Australia, and Indonesia in Asia Pacific, the region has potential to bypass any competition. This is also because of the great amount of reserves that the region has. Exploration activities in China are increasing which is why China may have great demand for tin catalysts and compounds. According to the National Bureau of Statistics, food safety testing market will increase the regional demand during the forecast period.

As the major players in the food safety testing market focus on the expansion of the business throughout the globe, the regions like Middle East and Africa will experience steady growth. Latin America will experience considerable market growth because of the small-scale manufacturers attempting for a noteworthy share in the demand. On the contrary, Europe is said to show sluggish growth because of well stabilized industries, less demand, smart development and it’s already developed countries. In the coming years situation will be change due to technological advancement and fast economic growth will drive the market during the forecast period that is 2020-2027.

Global Food Safety Testing Market Study Objective

1. To forecast the market size of food safety testing market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of food safety testing market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of food safety testing market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of food safety testing market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the food safety testing market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Competitive Landscape

A competitive landscape for the food safety testing market is given in the study. To differentiate business attributes, key players operating in the industry have been identified and profiled. Company overview, latest trends, financial standings, and SWOT are some of the characteristics of key players in the industry that have been profiled in this study. Main players covered by the study on the global market are: Accugen Laboratories, Adpen Laboratories, Aegis Food Testing Laboratories (Vanguard Sciences), ALS Limited, Asurequality Limited, Avomeen Analytical Services, Bio-Rad Laboratories, Bureau Veritas SA, Campden Bri, Det Norske Veritas As (DNV), Emsl Analytical Inc, Eurofins Scientific, Exova, Food Hygiene & Health Laboratory, Genon Laboratories Ltd, Idexx Laboratories Inc., IFP Institut Für Produktqualität Gmbh, ILS Limited, Intertek Group PLC, Lloyd’s Register Quality Assurance Limited, Neogen Corporation, NSF International, Romer Labs, Inc., SGS AG, Spectro Analytical Labs Limited.

The Report Provides Insights on The Following Pointers:

1. Market Development: Provides extensive information about emerging markets and analyzes the markets for the Global Food Safety Testing Market

2. Market Penetration: Offers detailed information provided by the key players in the Global Food Safety Testing Market

3. Competitive Assessment & Intelligence: Offers an exhaustive assessment of strategies, products, market shares and manufacturing capabilities of the leading players in the Global Food Safety Testing Market

4. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the Global Food Safety Testing Market

5. Market Diversification: Offers detailed information about recent developments, emerging geographies, new products launch, and investments in the Global Food Safety Testing Market

The Report Answers Questions Such As:

1. What is the global food safety testing market's competitive position?

2. What is the size of the food safety testing market globally?

3. What are the key factors driving the growth in the global food safety testing market during the forecast period?

4. What are the opportunities in the global food safety testing market?

5. Which are the main product fields to be invested in over the projected period in the global food safety testing market?