The food safety testing market is expected to grow at CAGR of 7.23% during the forecast period of 2018 to 2025. Increase in demand for convenience and packaged food products, coupled with growing food- borne diseases by contaminated food products available in the marketplace.
The food safety testing market is segmented on the basis of contaminants, which is further classified as pathogens, genetically modified organisms, toxins, and others. Pathogens are further divided into bacteria, viruses, fungus, and others. The technology is classified as traditional and rapid technology. Rapid technology is further classified into DuPont BAX System, PCR-Based testing, and others. The food type is classified as dairy, fruits & vegetables, meat & poultry products, processed foods, and others.
On the basis of contaminants, pathogens are expected to dominate the food safety testing market throughout the forecast period. This is due to the rise in the negative outcome of ingested foods such as food poisoning and food-borne illness. Recent concerns about microbial contaminants such as E. coli and Salmonella are becoming serious health issues. Hence, to take charge of the negative outcome, food safety testing plays a pivotal role and is growing at a rapid rate in the food safety testing market.
The rapid technology is expected to witness the highest CAGR during the forecast period due to the increase in innovative technologies offering efficient, easy-to-use. This has enhanced their functionality in the food industry.
North America constituted the largest food safety testing market in 2017. However, Asia-Pacific is expected to witness the highest CAGR and is driven by the increase in testing procedures from countries such as China and India. The scientific reports on an outbreak of food-borne diseases in the region over the past 30 years due to chemical & microbiological contamination have forced government authorities to focus on the issue of food safety. Authorities, such as China Food and Drug Administration (CFDA) and the Food Safety and Standards Authority of India, have been established to take serious steps toward ensuring food safety.
Some of the major players operating in the food safety testing market include the SGS SA, Eurofins Scientific, Intertek Group, Bureau Veritas SA, ALS Limited, Mérieux NutriSciences, TÜV SÜD, TÜV Nord Group, AsureQuality, Microbac Laboratories, and Genetic ID NA.
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