Food Safety Testing Market Projections: Size and Share Trends from 2024-30

 


Quick Overview of the Global Food Safety Testing Market Analysis

The Global Food Safety Testing Market Analysis, research report provides an in-depth market study with qualitative and quantitative research of the continuing industry trends, opportunities, growth areas, drivers, and challenges, which would enable stakeholders to align their market strategies according to the present & future market dynamics.

Detailed Analysis of Food Safety Testing Industry (2024-30): Reveals Further Growth &Market Expansion

According to the most recent study, the Global Food Safety Testing Market projected to grow at a CAGR of around 7.90% during the forecast period, i.e., 2024-30. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, regional landscape, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024-30.

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Global Food Safety Testing Market Possible Restraint:

High Costs of Testing Equipment and Lack of Skilled Technicians - Food safety testing is paramount to ensuring public health. For toxicity & contaminant detection in various food products, automated testing systems integrated with advanced features & functionalities are used, which are highly reliable. However, their initial costs and infrastructure requirements are on the higher side. In addition, rigorous R&D activities and the continuous need for accuracy & reliability of test results are further accelerating the price of these machines. Moreover, skilled technicians are also needed to operate these systems. Hence, developing countries with weak economies suffer immensely, owing to high equipment costs and lack of infrastructure required for food safety testing. These aspects are hindering the growth of the global market.

Food Safety Testing Market Segmentation Analysis

-By Testing Type

  • Allergen Testing- Market Size & Forecast 2019-2030, USD Million
  • Residues and Contamination Testing- Market Size & Forecast 2019-2030, USD Million
  • GMO Testing- Market Size & Forecast 2019-2030, USD Million
  • Mycotoxin (Fungi) and Microbiological Testing- Market Size & Forecast 2019-2030, USD Million
  • Pathogen Testing- Market Size & Forecast 2019-2030, USD Million
  • Toxic Heavy Metals Testing- Market Size & Forecast 2019-2030, USD Million
  • Others (Chemical or Nutritional Testing) - Market Size & Forecast 2019-2030, USD Million

-By Technology

  • Traditional Technology- Market Size & Forecast 2019-2030, USD Million
  • Rapid Technology - Market Size & Forecast 2019-2030, USD Million

-By Application

  • Food- Market Size & Forecast 2019-2030, USD Million
  • Beverages- Market Size & Forecast 2019-2030, USD Million

Explore Our Comprehensive Study:  https://www.marknteladvisors.com/research-library/global-food-safety-testing-market.html

Geographical Analysis:

-By Region

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East and Africa

Of all regions globally, North America holds a noteworthy share of the Global Food Safety Testing Market. It owes primarily to stringent regulations on food safety implemented by the regulatory bodies, the rapidly increasing production & consumption of packaged food, which makes safety testing crucial during every stage of food production, coupled with the rising incidence of foodborne diseases, especially in the US & Canada.

Consequently, food safety testing types, such as microbial & GMO testing, have been made mandatory by regulatory bodies across North America at all stages of food production & processing in order to ensure that consumers eat safe food. In addition, the ever-increasing health consciousness among people, entwined with the extensive presence of the leading food & beverage manufacturers and testing companies working actively on discovering more innovative technologies, are other prominent aspects driving the North America Food Safety Testing Market.

Key Players and Competitive Strategies in the Food Safety Testing Market

The report provides a study that looks at the requirements for manufacturing and processing, project expenses, finance, and economics, as well as projected profit margins and returns on investment. This also helps in identifying the major market players in the market such as:

  • 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

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Global Food Safety Testing Industry Recent Developments

  • On 17 April 2023, SGS S.A. announced giving certifications to Medjool Village, Jordan’s largest vertically integrated grower, packer & exporter of Medjool dates, for BRCGS Global Food Safety Standard. This new addition is on top of ISO 9001 & FSSC 22000 certifications, which has once again demonstrated Medjool Village’s commitment to food quality & safety.
  • On 2 May 2022, Bureau Veritas, a global leader in TIC (Testing, Inspection, & Certification) services, announced the opening of its third US microbiology laboratory in Reno, Nevada, which offers rapid pathogen testing & microbiology indicator analyses to ensure the safety of food & agriculture commodities.

Key Report Highlights

  • Market Dimensions & Projections
  • Pricing Evaluation,
  • Recent Strategic Moves by Companies,
  • Competitive Landscape Assessment,
  • Emerging Opportunities,
  • Market Trends and Indicators

Key Questions Answered in the Research Report

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends influencing the current scenario of the market?
  3. What key factors would propel and impede the industry across the globe?
  4. How has the industry been evolving in terms of geography and product adoption?
  5. How has the competition been shaping up across various regions?
  6. How have buying behaviour, customer inclination, and expectations from product manufacturers been evolving during 2024-30?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging Video Analytics geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.

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