How Big is the Food Safety Testing Market and What will its Growth Rate be in the Near Future?
The food safety testing market has seen substantial growth recently and is expected to continue this trend. The market is estimated to expand from $25.56 billion in 2024 to $28.04 billion in 2025 at a compound annual growth rate (CAGR) of 9.7%. This growth can be largely credited to increased consumer awareness of food safety issues, stringent government regulations and compliance standards, the rise in foodborne illnesses and outbreaks, along with a stronger focus on quality assurance and risk management.
The food safety testing market is anticipated to witness swift growth, reaching $42.23 billion in 2029 with a CAGR of 10.8%. Key contributors to this forecasted growth include the adoption of rapid and high-throughput testing technologies, emphasis on blockchain and traceability, research and development in next-generation testing platforms, increased demand for genetic testing in food authentication, and the importance of environmental monitoring in food production.
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What Key Factors are Driving the Growth of the Food Safety Testing Market?
A rising demand for processed and convenience food due to increased income levels, especially in developing nations, is a major driver of the food safety testing market. The processed food industry relies on food safety testing to ensure the quality of packaged food. For instance, a joint study by ASSOCHAM and Grant Thornton predicted that by 2024, the processed food sector in India will attract $33 billion in investments and will demand considerable investment in food processing technologies and equipment.
What are the Key Segments within the Food Safety Testing Market?
The food safety testing market covered in this report includes the following segments:
1) By Contaminant: Pathogens, Pesticides, Genetically Modified Organisms (GMOs), Toxins, Other Contaminants
2) By Technology: Traditional, Rapid
3) By Application: Meat, Poultry, And Seafood Products, Dairy And Dairy Products, Processed Food, Beverages, Cereals And Grains
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Who are the Major Players in the Food Safety Testing Market?
Major companies operating in the food safety testing market include SGS SA, Eurofins Scientific SE, Intertek Group plc, Bureau Veritas SA, ALS Limited, TÜV SÜD AG, AsureQuality Limited, Bio-Rad Laboratories Inc., Thermo Fisher Scientific Inc., Microbac Laboratories Inc., among others.
On What Technology Advancements are Affecting the Food Safety Testing Market?
Technological advancements are a major factor contributing to the evolution of the food safety testing market. There is a steady adoption of smart testing techniques in the field of analytical chemistry, which provide accurate and cost-effective analytical solutions being implemented by the global food and beverage manufacturers. For instance, Neogen Corporation, a US-based biotechnology company, improved efficiency in food safety testing laboratories by launching the Petrifilm Automated Feeder in June 2024.
What Regions Will Experience Fastest Growth in the Food Safety Testing Market?
In 2024, North America was the largest regional player in the food safety testing market, however, Asia-Pacific is expected to experience the quickest growth during the forecast period.
What Does The Food Safety Testing Market Report 2025 Offer?
Food safety testing refers to scientifically evaluating the management, quality and storage of food to certify it is safe for consumption. The Food Safety Testing Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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