GLOBAL – The global food safety testing market is expected to reach a value of US$ 33.4 Billion by 2027 growing at a CAGR of 9.97% during 2022-2027 forecast period.
According to the report by Research and Markets, the world’s largest market research store, poor hygiene during food preparation and processing can lead to contamination and serious diseases, such as diarrhea and cancer.
As a result, governing agencies of various countries are implementing stringent food safety guidelines to ensure that food products undergo vigorous testing procedures before being sold in the market.
“Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic,” reads the report.
Food safety testing focuses on detecting the presence of potential toxicants, such as harmful organisms, pathogens, preservatives, and chemicals, among different food products. It also assists in identifying adverse effects, maintaining food hygiene, and preventing and controlling foodborne illnesses.
Rising instances of food adulteration and contamination are among the major risk factors for the spread of foodborne diseases that contribute significantly to healthcare costs. This represents one of the key factors catalyzing the need for food safety testing across the globe.
It ensures maintenance of the quality of food products, which avoids potential health hazards to consumers.
Moreover, the growing consumption of packaged food products on account of rapid urbanization, busy lifestyles, and improving income levels is bolstering the market growth. The growing awareness among individuals about food hygiene and safety is also driving the market.
Aside from this, automation, versatility, and the speed of analysis, along with stringent regulatory frameworks on food safety, are encouraging food processors to adopt immunoassays (IAs) in food testing.
Furthermore, the report says, leading market players are introducing polymerase chain reaction (PCR) kits, standard and chromogenic media, and immune sera for the fast and qualitative detection of pathogens in real-time.
They are also focusing on developing methods that help minimize the time and cost of food testing while ensuring accurate results. This is anticipated to positively influence the adoption of food safety testing worldwide.
The report has also listed some of the key plyers in the sector as ADPEN Laboratories Inc., ALS Limited, AsureQuality Limited, Bio-Rad Laboratories Inc., Bureau Veritas, DNV AS (Stiftelsen Det Norske Veritas), Eurofins Scientific, Intertek Group plc, Mérieux NutriSciences, NEOGEN Corporation, NSF International, SGS SA and TÜV SÜD