GLOBAL – The Global Food Safety Testing market, valued at U.S$18.7 billion in 2021, is estimated to generate U.S$37.5 billion by 2031, witnessing a CAGR of 7.2% from 2021 to 2031.
Allied Market Research published a report, titled, “Food Safety Testing Market by Technology (Agar Culturing, PCR-based Assay, Immunoassay-based, Others), by Food Tested (Meat and Meat Product, Dairy and Dairy Product, Cereals, Grains, and Pulses, Processed Food, Others), by Type (Pathogen, Genetically Modified Organism (GMO), Chemical and Toxin, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031”.
Consumer demand for food products soared as a result of panic buying during the COVID-19 pandemic.
This element, in combination with hurried industry audits and the pressure on the food industry, revealed further weaknesses in an already complex system.
Yet, when public awareness of food safety increased after the pandemic, there was a sharp increase in the need for food safety testing.
The food safety testing market is expected to rise as a result of the growing population, rise in disposable income of consumers, rise in the incidence of food frauds, the growing economically motivated adulteration (EMA) owing to high competition, and enhanced food safety.
However, the development of the worldwide market is hampered by a lack of the infrastructure required for food safety control in developing or underdeveloped countries, as well as a lack of communication between market participants engaged in food safety testing and their customers.
On the other hand, in the years to come, the global market for food safety testing will see new development prospects due to the introduction of innovative and cutting-edge techniques in food safety testing and numerous regulations on food safety, particularly in developed economies.
Pathogen segment to lead the market in terms of revenue
In terms of type, the pathogen sector accounted for the greatest proportion of the global food safety testing market in 2021, accounting for two-fifths of the total.
Many pathogens, such as viruses, bacterial strains, fungi, or parasites, have the ability to sicken their host.
Pathogen testing is routinely done throughout the production process, from raw materials through final product screening, to assure consumer safety.
The fastest CAGR is anticipated to occur in the chemical and toxin segment from 2021 to 2031 at 7.8%.
Food poisons include bacterial toxins and particular plant toxins, such as the pyrrolizidine alkaloids present in honey, milk, and eggs.
Modern food contaminant testing labs use both GC-MS and LC-MS to cover the wide polarity range of possible organic chemical contaminants.
PCR-based assay segment to uphold its leadership
Based on technology, the PCR-based assay segment captured the largest portion—nearly half—of the market for food safety testing in 2021, and it is anticipated that it will continue to hold the lead in 2031.
Also, from 2021 to 2031, the same industry is anticipated to experience the fastest CAGR of 7.6%.
The agricultural biotechnology industry uses polymerase chain reaction technologies at many stages of the product development process.
The method is generally used to determine whether or not there is genetically modified material in a product sample or to estimate the amount of genetically modified material present in a product.
North America to dominate the market by 2031
According to region, North America’s market accounted for more than one-third of the global market for food safety testing in 2021 and is expected to continue to lead in terms of revenue in 2031.
This is because foodborne infections have a high public health impact in Mississippi (MS). According to the Mississippi State Department of Health, the three most common foodborne infections in Mississippi are salmonellosis, campylobacteriosis, and shigellosis (MSDH).
Mississippi is also one of the top agricultural states, with significant rates of obesity and associated health disparities. As a result, the number of companies offering food safety testing in the North American region is projected to grow.
However, the market in Asia-Pacific is anticipated to exhibit the quickest CAGR of 7.7% over the anticipated period.
This is attributed to the rise in consumer disposable income and the rising demand for efficient food safety testing are to blame for this.
The major players operating in global food safety testing are SGS SA, Eurofins Scientific, Intertek Group PLC, Bureau veritas SA, ALS Limited, TUV SUD, AsureQuality Ltd, DNV GL, Bio-Rad Laboratories, Thermo Fisher Scientific, Inc.