-- Food Safety Testing Market Research Report includes various topics like total Market Size, Key Market Drivers, Challenges, Growth Opportunities, Industry Share, Growth, Demand, Outlook etc. Furthermore, it covers key market updates, the impact of regulations and technological updates in. The report addresses the need to stay updated in this competitive market conditions and this provides and comprehensive data for making strategies and decision to stimulate the market growth and profitability.
Market Analysis:
The food safety testing market is continuously growing at the rapid pace; mainly due to the growing concerns for food contamination and the burgeoning food & beverage sector. Validating the product quality and ingredient authenticity is a paramount concern for the F&B industry. Also, confirmation that food does not contain ingredients unacceptable to certain ethnic groups is highly important. Testing facilities should be able to trust their technology so that consumers can trust the labeling on food.
Factors substantiating the market growth include the stringent food safety regulations, the increasing number of food poisoning outbreaks, and spreading consumer awareness towards food safety and its implications. Simultaneously, the trend of globalization in food supply trade is expected to create huge traction in the food safety testing market further.
Inadequate cooking, poor handling, and improper storage systems lead to contamination. Besides, the factors such as the requirement of implementation of quality measures in the bakery products, dried processed products, ready to eat meals, infant diet, and preserved & canned food products owing to its easy contaminant retention nature drives the market growth to an extent.
Furthermore, augmented import and export activities provide impetus to the market growth, resulting in the food supply trade globalization that increases contaminant level due to the inadequate control and monitoring. Also, the increasing adulteration level to improve product shelf life along with some significant entities such as Good Agricultural Practices (GAP), Good Manufacturing Practices (GMP), Good Hygiene Practices (GHP), and Hazard Analysis Critical Control Point (HACCP) support the market growth.
However, lack of awareness among manufacturers about the food regulations due to which they overlook to perform food safety testing is likely to impede the market growth.
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Market Segments:
The MRFR analysis is segmented into four key dynamics for the convenience of understanding;
By Contaminants: Comprises Pathogens, GMOs, Pesticides, and Toxins, among others.
By Technologies: Traditional and Rapid Technology among others.
By Food Types: Meat and Poultry Products, Dairy Products, Fruit & Vegetables, and Processed Foods, among others.
By Regions: North America, Europe, APAC and the Rest-of-the-World.
The subsegment - Pathogens, By Contaminants Detections accounts for a significant market share followed by GMOs which hold a considerable market share.
Regional Analysis:
Globally, the North American region accounts for the largest market for food safety testing. The market is projected to continue with its dominance throughout the forecast period attributing to some of the burgeoning sectors such as food and beverage, healthcare, hospitality, pharmaceuticals, and personal care in the region, Further, the demanding research and development initiatives are expected to create a substantial revenue pocket. Additional factors substantiating the market growth include high healthcare expenditures and substantial investments in the R&D activities in the field of healthcare.
Europe accounts for the second-largest market for food safety testing which is expected to grow at a considerable CAGR. Favorable governmental support and initiatives drive the growth in the market extensively. The proliferating healthcare sector in the region, backed by the resurging economy is fostering the market growth brilliantly allowing the region to acquire a significant market share.
Whereas, the Asia Pacific food safety testing market is proliferating rapidly, emerging as one of the lucrative markets, globally. Countries in the Asian region especially, provide immense growth opportunities for the food safety testing market, accounting over half of the world’s total population. The region is estimated to register a staggering CAGR during the review period.
Competitive Analysis:
The global food safety testing market appears to be highly competitive. Key players are focusing on optimizing situational awareness towards customers to ensure their mission success. Matured players are increasingly seeking market expansion through various strategic activities such as M&A, innovation, increasing investments in R&D and cost-effective product portfolio.
Matured players tap the growing markets for expansions. They are addressing the critical needs of the market with a broad range of solutions and effective and complete workflow.
Key Players:
The market leaders profiled in the MRFR analysis include Adpen Laboratories, Accugen Laboratories, Aegis Food Testing Laboratories, Avomeen Analytical Services, ALS Limited, Bio-Rad Laboratories, Bureau Veritas Sa, Campden Bri, and Genevac Ltd.
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Industry/Innovation/Related News:
September 11, 2018 – FreshDetect GmbH (Germany) announced the development of a hand-held device - BFD-100 that can accurately measure bacterial contamination in food quickly and inexpensively. The innovation has created a new dimension in food safety.
This portable fluorescence spectroscopy device currently can determine bacterial contamination in raw meat within seconds with a level of accuracy that of a standard microbiological method.
September 07, 2018 – Hygiena (Canada), a Warburg Pincus portfolio company that specializes in rapid food safety and environmental sanitation testing, announced the acquisition of the Food Safety division of a Spanish allergen tests company - Biomedal S L (Spain).
The acquisition supports Hygiena with a wider array of allergen tests to suit the growing business requirement. The company also confirmed its keenness to continue investing in new product R&D to expand its allergen product portfolio further.
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