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Food Safety Testing Market Expected To Enhance USD 30.1 Billion By 2025: Grand View Research, Inc.

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Food Safety Testing Market Expected To Enhance USD 30.1 Billion By 2025: Grand View Research, Inc.

September 23
03:16 2019
Food Safety Testing Market Expected To Enhance USD 30.1 Billion By 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research,- Rising demand for packaged and processed food in developed and developing economies owing to factors, such as changing lifestyle and growing popularity of quick-service restaurants, is anticipated to drive the need for safety testing of edible items. In addition, rising demand for quality tests for processed and unprocessed meats is expected to drive the food safety testing market growth.

According to a report, “ Food Safety Testing Market Size, Share & Trends Analysis Report By Test (Allergen Testing, Chemical & Nutritional Testing), By Application (Meat, Poultry, & Seafood Products), By Region, And Segment Forecasts, 2019 – 2025 ”, published by Grand View Research, Inc., 

The global food safety testing market size is expected to reach USD 30.1 billion by 2025, escalating at a CAGR of 7.7% over the forecast period, as per a new report by Grand View Research Inc. Rise in the outbreak of foodborne diseases and the enforcement of stringent regulatory norms regarding optimum quality of edible items are expected to drive the demand for product safety in the market over the projected period.

Governments and food producers have undertaken extensive efforts to improve the quality of edible products owing to health concerns and economic losses caused by contamination. In addition, the presence of authorities, such as the FDA and FSSAI, to ensure conformance to quality standards for the products, is expected to result in increased safety checks. The market for this type of safety checks is highly competitive in nature as key players compete not only with other companies that conduct tests but also with the internal analytics departments of end users and government agencies.

The food safety testing market is witnessing notable technological developments such as the usage of electrical biosensors in microbiological safety testing. This is expected to reduce the analysis time with increased accuracy in results. In addition, increasing expenditure by processing companies to ensure higher quality of edible items is expected to bode well for market growth.

The existence of inadequate regulatory infrastructure in underdeveloped countries due to limited resources and lack of restructuring of food regulatory agencies is expected to limit growth. However, the industry in Asia Pacific is expected to grow owing to notable growth of food processing sector in developing economies such as India and China and the enforcement of stringent regulations regarding product safety. Increasing awareness regarding quality checks and the examining of edible products are also expected to contribute to the market growth over the forecast period.

U.S. Food Safety Testing market

Further key findings from the report suggest:

  • Allergen segment accounted for 12.8% of the revenue share of the market in 2018 owing to its extensive usage in advanced production processes and minimize contamination risks

  • Dairy & dairy products segment is expected to grow at a CAGR of 7.7% from 2019 to 2025 owing to increasing assessment of shelf-life for milk & dairy products to demonstrate compliance with statutory requirements

  • The food safety testing market in Asia Pacific is expected to grow at 8.9% from 2019 to 2025.

Application Insights

Meat, poultry, & seafood products segment accounted for a dominant food safety testing market revenue share of over 29.6% in 2018 and the trend is expected to continue over the forecast period. Increasing consumption of meat and meat products across the globe and high risk of diseases in red meats are expected to drive the segment growth over the forecast period.

Processed food emerged as the second-largest segment, in terms of revenue, in 2018, which is anticipated to register notable gains owing to the growing demand for packaged products such as frozen meals, snacks, ready-to-eat convenient products, and cake mixes. In addition, high shelf life of processed products leads to the enforcement of stringent regulations related to such products.

Global food safety testing market

 

Dairy & dairy products segment is expected to record a high growth rate in the market over the forecast period on account of a number of instances of contamination during the production process. In addition, demand for safety tests conducted for the segment is expected to rise on account of stringent regulations in place concerning standard milk composition.

Ask Our Industry Expert for More Details on Report – www.grandviewresearch.com/inquiry/47/ibb

Manufacturers in the market are focusing on catering to the growing requirements of the customer to ensure quality and longer shelf life of beverages including soft drinks, energy drinks, and fruit juices. In addition, growth in the use of preservatives and concentrates in milk and milk products is expected to result in increased safety testing procedures, which, in turn, is expected to drive the market.

Regional Insights

Europe emerged as a dominant region for the industry and accounted for 35.3% of the market revenue share in 2018. High prevalence of food-related allergies among consumers in the region is projected to lead to an increased reliance on safety testing procedures. In addition, enforcement of stringent regulatory norms in the region is also projected to lead to a large market size in the region.

Allergen testing is expected to account for a significant share in the North American market for food safety testing owing to norms mandated by the Food and Drug Administration (FDA) in the U.S. However, unlike other regions, North America has a comparatively lower share of GMO testing owing to the lack of strong regulation for GMO crops cultivation and production in the U.S.

The industry in Asia Pacific is expected to register notable gains on account of efforts undertaken by concerned agencies regarding the safety of edible products. The Food Safety and Standards Authority of India (FSSAI) invested around USD 72.3 million to strengthen food testing infrastructure, which is expected to propel the market growth in the economy.

The market in Central & South America exhibits a steady demand for such tests due to a rise in the consumption of packaged and processed edible products. The region was impacted severely by JBS’s meat scandal in Brazil, which is expected to result in the enforcement of stringent regulations in the country, further benefitting the market growth.

Browse Related Report: 

Food Packaging Equipment Market – Demand for ready-to-eat, dairy and other perishable products, and convenience food items, is projected to favor growth of the market. Increasing Health awareness and changing dietary habits are expected to further fuel the growth. Westernization in terms of food choices and lifestyle, in Asia Pacific and other developing regions, is projected to augment demand for food packaging equipment market.

Food Waste Management Market  Rising use of organic waste for the production of animal feed and fertilizers, reducing greenhouse emissions, and growing energy requirements are the factors projected to drive demand for the food waste management systems. Increasing consumption of processed food, including ready-to-eat meals is also likely to boost the demand.

Grand View Research has segmented the global food safety testing market on the basis of test, end-use, and region:

Food Safety Testing Test Outlook (Revenue, USD Million, 2014 – 2025)

  • Allergen Testing

  • Chemical & Nutritional Testing

  • Genetically Modified Organism (GMO) Testing

  • Microbiological Testing

  • Residues & Contamination Testing

  • Others

Food Safety Testing Application Outlook (Revenue, USD Million, 2014 – 2025)

  • Meat, Poultry & Seafood Products

  • Dairy & Dairy Products

  • Processed Food

  • Beverages

  • Cereals & Grains

  • Others

Food Safety Testing Region Outlook (Revenue, USD Million, 2014 – 2025)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

  • Asia Pacific

    • China

    • Japan

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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