Food Safety Testing Market to Exceed USD 21.31 Billion Globally New Report by Market Research Future

New York, US, Dec 2022 /press release/- Market Research Future Published a Half-Cooked Research Report on Food Safety Testing Market Research Report.

The food safety testing market stats by the recent study by Market Research Future (MRFR) expects that the global market for food safety testing is set to experience impressive growth of around 7.10% CAGR over the evaluation period of 2022-2030. Food safety testing refers to the analysis of food to ensure that it complies with regulations and is free of contaminants and other unwanted components. It ensures the quality and safety of food products.

The food safety testing market data from the MRFR report highlights the food safety testing market growth drivers, opportunities, and restraining factors for the Food Safety Testing Market throughout the forecast period. Dynamics such as improving GDP in developing countries, growing number of foodborne diseases, stringent regulation in food quality, the ongoing food safety testing market trends of consumer awareness on health and wellbeing, growing food labeling, and improving technology and fast process are predicted to enhance the Food Safety Testing Market share throughout the assessment period.

Key Players

The list of prominent players across the market for food safety testing are 3M Company (US), Bio-Rad Laboratories, Inc. (US), Bruker Corporation (US), Eurofins Scientific SE (Luxembourg), Intertek Group plc (UK), Neogen Corporation (US), Thermo Fisher Scientific, Inc. (US), Microbac Laboratories, Inc. (US), Danaher Corporation (US), and SGS SA (Switzerland).Market Segmentation

The market for food safety testing is segmented based on product, contaminant, and region.

Based on the product, the market for food safety testing has been segmented into chromatography, spectroscopy, microbiological testing, and others.

Based on the contaminant, the market for food safety testing has been segmented into pathogenic microorganisms, GMOs, pesticide residue, toxins, and heavy metals.

Regional Analysis

The food safety testing market insights offered by the MRFR analysis reports suggest that the APAC region is expected to witness the highest growth in the market for food safety testing due to increased consumer demand for packaged and processed food, government initiatives for food safety, and the presence of major manufacturers of food products. India, China, and Japan are the major contributors to the growth of the market in the APAC region.

The North American region is estimated to hold the second-largest share of the market for food safety testing in 2018. This growth is attributed to consumer awareness of food safety and increasing contamination of food products, government funds to ensure food safety, and various advanced technologies such as detecting and analyzing microorganisms. The US is the major contributor to the market's development across the North American region over the coming years.

Market Forecast

The market for food safety testing is predicted to attain a size of around USD 27,334.4 million by the end of 2030 at an 7.1% CAGR over the evaluation period. The rise in consumer awareness, growing demand for packaged and processed food, stringent rules and regulations related to food safety, and technological advancements are accelerating the development of the Food Safety Testing Market.

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