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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Food Safety Testing Market Size
The global food safety testing market attained a value of USD 24.04 billion in 2023. The market is expected to grow further during the forecast period of 2024-2032 at an estimated CAGR of 7.90%, reaching a value of USD 47.89 billion by 2032.
Increase in cases of food-borne illnesses, rising consumer awareness of food safety, and adoption of strict food safety regulations are contributing to the expansion of the global food safety testing market size. It is projected that the demand for packaged and processed food will increase in both developed and developing economies as a result of factors including changing lifestyles and the rising popularity of quick-service restaurants, thereby increasing the demand for food safety testing.
The food testing market is anticipated to develop as a result of the rising demand for quality checks on both processed and unprocessed meats. Also, the demand for food safety testing has increased due to the threat posed by the rise in foodborne illnesses, adulteration incidents, toxicity, and various contaminants, supporting the growth of the food safety testing market by contaminant.
Testing for food safety contributes to preserving the quality of food products in terms of their taste, appearance, and constituents. Strong demand is being created for food safety testing as a result of rising concerns over food safety and strict environmental regulations. The growing necessity to prevent food contamination and decline the frequency of foodborne illnesses is further increasing the food safety testing market revenue.
Food Safety Testing Market Report Snapshots
Food Safety Testing Market Size
Food Safety Testing Market Analysis
Food Safety Testing Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global food safety testing market attained a value of nearly USD 24.04 billion.
The market is projected to grow at a CAGR of 7.90% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 47.89 billion by 2032.
The frequent incidences of food poisoning and foodborne infections, rising middle-class population, busier lifestyles, increasing disposable incomes, rising food and beverage industry, rising technological innovations, and rising number of food regulations by various governments.
Rising concerns about food safety and increasing calls of food safety accountability are the key trends propelling the market growth.
The major regions in the market are North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
The various food testing methods in the market are chemical testing, physical testing, nutritional testing, food sensory analysis, microbiological testing, and allergen testing, among others.
By technology, the market can be bifurcated into traditional and rapid technology.
Dairy products, fruits and vegetables, seafood, meat, and poultry, processed food, cereals and grains, among others are the various types of food in the market.
The major players in the market are SGS Group, Bureau Veritas S. A., Eurofins Scientific, Intertek Group plc, ALS Limited., NSF International, Neogen Corporation, Merieux NutriSciences Corporation, Microbac Laboratories, Inc., IEH Laboratories & Consulting Group, QIMA Limited, AGQ Labs, NSF International, TÜV NORD GROUP, EMSL Analytical, Inc., Microbiologics, Inc, and Romer Labs Division Holding GmbH, among among others.
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