As indicated by Acumen Research and Consulting, the global food safety testing market size is evaluated to grow at CAGR around 7.5% over the estimate time frame. escalating demand for healthy and nutritional food additives, increasing concerns about food safety, growing awareness regarding various health benefits, increasing geriatric population, ever-increasing healthcare costs, changing lifestyle patterns and ease of availability of various food safety testing techniques are some of the key factors that are fueling the food safety testing market growth across the globe. Food safety testing is a process of examination of food products for chemicals, disease-causing organisms and other harmful materials. It is commonly targeted at three main food pollutants such as chemicals, pathogens and hereditarily adapted organisms. The North America market is likely to grow at remarkable CAGR due to the growing awareness towards the food safety, improved consciousness about health benefits and technological advancements. Continuously changing lifestyle is playing the major role in the growth of regional food safety testing market.
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Meat, Poultry, & Seafood Products Segment is Also Anticipated to Witness a High Demand over the Forecast Period
On the basis of product, the food safety testing market is segmented into meat, poultry, & seafood, dairy, processed food, fruits & vegetables. Meat, poultry, & seafood products segment is anticipated to dominate the global food safety testing market over the forecast period owing to the rising demand for these foods. Furthermore, unhealthy food habits, inactive lifestyle, and rising consumer consciousness about the advantages offered by various seafood and meat products are some of the key factors boosting the demand for meat, poultry, & seafood products, thereby increasing the growth of the segment. Escalating demand for healthy and nutritional food preservatives is one of the main factors influencing the growth of the global market. Growing meat consumption is also anticipated to spur the growth of overall food safety testing market. Various health benefits such as enhanced protein intake and healthy nutrition and increase in outdoor dinners are also supplementing the growth of the global food safety testing market. Escalating health consciousness and growing need for enhanced quality food products are some of the key factors that positively influencing the global market growth.
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North America to Continue to Grow at Significant Growth Rate during the Forecast Period
Geographically, the global food safety testing market has been divided into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America is expected to accumulate highest market share in the global food safety testing market. North America is expected to grow at significant growth rate over the forecast period owing to the growing concerns about health related problems, improved consciousness about health benefits and technological advancements. Continuously changing lifestyle is playing the major role in the growth of regional food safety testing market. Growth in the adoption of food safety testing and ongoing technological advancements in the region is also helping the growth of the regional market. Growth in the aged population and inclination towards more healthy food are supplementing the regional market growth. Food safety testing providers from the region are also focusing on the offering various advanced products to customers. Government support for new product developments, food safety inspections and plenty of specialty health products are some of the fundamental factors driving the regional market growth. Asia Pacific is also anticipated to growth at considerable pace during the forecast period owing to the increasing high quality food demand, increased awareness towards health issues and huge population. Increasing focus of healthcare organizations on outdoor programs in order to promote health care awareness is also further propelling the growth of the regional market.
Bureau Veritas S.A., Neogen Corporation, Intertek Group PLC are Likely to Continue to Lead the Global Food safety testing Market
The food safety testing market is consolidated with limited number of manufacturers. The company profiling of key players in the market includes company overview, major business strategies and revenues. The key players of the market are Eurofins Scientific, Bureau Veritas S.A., Neogen Corporation, Intertek Group PLC, SGS AG, Idexx Laboratories Inc. and Bio-Rad Laboratories.
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