Market Overview —
The supply and quality of food are under a constant global threat. Due to this prevalent threat, there lies a growing demand for test products that can ensure both food safety and optimal food quality. Food safety is a process wherein the food is managed, prepared, and stored in different ways to protect it from being unhealthy or unsafe to eat. The testing is conducted to avoid food from being ineffective for consumption. It ensures that the food contains the necessary nutrients. Unsafe or unhealthy food and water are ones that are exposed to dirt or germs and can cause diseases and infection. Lack of food safety can cause food poisoning and other diseases, which can spread from one person to another. To avoid such occurrences, food safety principles are followed and performed.
Over the years, the practice of food safety testing has gained significant traction due to the growing incidences of food-borne diseases and food-poisoning caused by contaminated food items. Also, increasing consumer awareness concerning the safety of food items and the availability of the requisite technology to test food are further pushing the expansion of the market. Some of the measures followed herein are the proper storage of food items at suitable temperature and usage of secure raw materials and water. According to the research conducted by Market Research Future (MRFR)
Amidst all these positives, it is worth mentioning that a lack of awareness about food safety and regulations among food manufacturers as well as the lack of infrastructure can hinder the market growth of Food Safety Testing.
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Key Players and Industry Buzz
Some of the major companies identified under this market segmentation are
• Avomeen Analytical Services,
• Campden Bri,
• Bureau Veritas Sa,
• Adpen Laboratories,
• Genevac Ltd,
• ALS Limited,
• Accugen Laboratories,
• Bio-Rad Laboratories,
• Aegis Food Testing Laboratories
January 2019 saw the creation of a new computer program in the US, named Environmental monitoring with an Agent-based Model of listeria (EnABLe). Developed by the scientists at the Cornell University the program will help food professionals that are working to keep the production facilities to be free of food-borne pathogens.
January 2019 saw Fapas, a testing division that is part of the Fera Science, launch a pool of proficiency tests to ensure the safety of baby cereals and food products. The tests are specifically designed to identify the inclusion of ergot alkaloids in multigrain baby food and cereals.
The food safety and testing market is segmented on the basis of technology, food types, and contaminants.
By Technology: This segmentation includes traditional and rapid technology.
By Contaminant: This segmentation includes contaminants such as GMOs, Pathogens, Pesticides, Toxins, and others.
By Food Type: This segmentation includes dairy products, fruits & vegetables, meat & poultry products, processed food, and others.
The geographical segmentation of the Food Safety Testing Market includes regions like North America, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW).
The North American region holds the biggest market for food safety testing and is expected to continue its dominance throughout the forecast period. Proliferating sectors such as healthcare, hospitality, F&B, personal care, and pharmaceuticals are the biggest drivers behind the growth of the market in this region. Furthermore, the demanding R&D initiatives undertaken are estimated to create a substantial revenue pocket.
Europe stands tall as the second-largest market for food safety testing and is slated to grow at a considerable growth percentage. Herein, both favorable government support as well as the newly announced initiatives are the major growth drivers for the region.
Lastly, the proliferating growth of the Food Safety Testing market is expected to continue, thereby positioning the region as one of the most lucrative markets in the forthcoming years. The Asian region boasts immense growth potential with over half of the world’s total population living therein. These pointers indicate the growth potential in terms of CAGR percentage in Asia-Pacific to be nothing less than massive.
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