Global Food Safety Testing Market Trends and Opportunity Analysis to 2025

Global Food Safety Testing Market Overview:

Food safety tests include the inspection of food products to identify pathogens, chemicals and other hazardous materials. Generally, it targets three main food contaminants, namely pathogens, chemicals and genetically modified organisms (GMOs). Food fraud is committed when food is deliberately modified for profits which results in production of cheap quality in order to deceive consumers. The Food Standards Agency (FSA) defines two main types of food fraud, the sale of inadequate and potentially dangerous food and the deliberate misrepresentation of food.

The Global Food Safety Testing Market was valued at USD 10.66 Billion in 2016 and is expected to reach USD 19.92 Billion by 2025, projecting a CAGR of 7.40% during the forecast period, according to a new report published by Research Cosmos.

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Global Food Safety Testing Market Drivers and Restraints:

The implementation of several food safety regulations, particularly in developed economies, is driving the growth of the global market for food safety testing. The recycling of animal by-products, the sale of products whose date of use has been exceeded, the inclusion of harmful ingredients and the processing of dangerous foodstuffs constitute some of the main activities of food fraud. The consumption of contaminated food, including toxic chemicals and radioactive materials, causes foodborne illness that can even lead to death. The implementation of strict regulations by many leading food safety organizations, such as the Food Standards Agency, the European Food Safety Authority, the Indian Food Safety and Security Authority and the Canadian Food Inspection Agency, is expected to prevent poor consumer health and food fraud, which in turn drives global market for food safety testing. Also, the increase in economically motivated adulteration (EMA) due to strong competition between food producers and food degradation, such as pesticides, artificial flavor enhancers and certifications, has stimulated market growth of food safety tests. However, the lack of food control infrastructures in developing economies, the complexity of testing techniques and the lack of regulatory harmonization are expected to hamper market growth.

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Global Food Safety Testing Market Geographical Segmentation:

On the basis of region, the global market for food safety testing has been divided as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa regions. North America is the leading market supplying more than two-fifths of the global food safety testing industry. However, emerging markets, such as China and India, are one of the most potential markets for the food testing industry, followed by the Latin America and Middle East and Africa regions.

Key players mentioned Global Food Safety Testing Market report are:

Eurofins Scientific, Bureau Veritas SA, SGS SA, ALS limited, Intertek Group plc, AsureQuality Ltd., DNV GL, Bio-Rad Laboratories, TUV SUD, and Laboratory Corporation of America Holdings are the major players of the market.

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