Heavy Metal Testing Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope

Heavy metal testing refers to analyzing and measuring the presence and concentration of heavy metals in various substances, including water, soil, food, biological samples, pharmaceuticals and industrial products. It safeguards human health, protects the environment and ensures compliance with regulations in various industries and applications.

Sizing and Forecast

The heavy metal testing market size has grown strongly in recent years. It will grow from $3.34 billion in 2023 to $3.58 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to increasing awareness of the health risks of heavy metal exposure, growing demand for food safety, growing focus on sustainability, growing demand for personalized medicine, .

The heavy metal testing market size is expected to see strong growth in the next few years. It will grow to $4.53 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to growing emphasis on environmental safety, growing industrialization, government initiatives, increasing demand for personal care and cosmetics products, growing demand for dietary supplements. Major trends in the forecast period include advancements in heavy metal testing, real-time and portable testing, increased automation, green testing practices.

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Segmentation & Regional Insights

The heavy metal testing market covered in this report is segmented –

1) By Type: Arsenic; Cadmium; Lead; Mercury; Other Types

2) By Technology: ICP-MS (Inductively Coupled Plasma Mass Spectrometry) And OES (Optical Emission Spectroscopy); AAS (Atomic Absorption Spectroscopy) Heavy Metal Testing; Other Technologies

3) By Application: Environmental; Industrial

4) By End User: Food; Beverage; Dietary Supplement; Animal Feed; Fat And Oils; Other End Users

North America was the largest region in the heavy metal testing market in 2023. Asia-Pacific is expected to be fastest growing region in the forecast period. The regions covered in heavy metal testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth

The increase in foodborne diseases is expected to propel the growth of the heavy metal testing market going forward. Foodborne diseases refer to illnesses caused by consuming contaminated food or beverages. Heavy metals in food can cause foodborne diseases when they contaminate food at elevated levels. Heavy metal testing is essential for identifying and keeping track of food contaminated with heavy metals. Determining the quantities of hazardous metals in different food categories helps prevent foodborne illnesses and ensure food safety. For instance, in December 2022, according to the European Food Safety Authority, an Italy-based independent agency for providing scientific advice on food and feed safety, nutrition and related issues, there were 4,005 foodborne outbreaks in 2021, an increase of 29.8% compared to 2020. The 27 EU Member States and Northern Ireland reported 32,543 human cases in 2021. Therefore, the increase in foodborne diseases is driving the growth of the heavy metal testing market.

Key Industry Players

Major players in the heavy metal testing market are Merck KGaA, Eurofins Scientific SE, SGS S.A., Bureau Veritas SA, Intertek Group PLC, Shimadzu Corporation, TUV SUD, Element Materials Technology Group Limited, Merieux NutriSciences Corporation, ALS Limited, LGC Limited, MTS Systems Corporation, Montrose Environmental Group Inc., Pace Analytical Services LLC, EMSL Analytical Inc., AsureQuality Ltd., Applied Technical Services Inc., Analytik Jena GmbH, Microbac Laboratories Inc., UFAG Laboratorien AG, Consumer Product Testing Company Inc., Quicksilver Scientific Inc., OMIC USA Inc., General Mills Inc., Brooks Applied Labs LLC, Innerbody Research, IFP Institute for Product Quality GmbH, Alex Stewart International Corporation Ltd., BLC Chemical Testing, Advanced MicroAnalytical.

The heavy metal testing market report table of contents includes: