Food safety testing is carried out to regularize the food quality and prevent the unsolicited occurrences of food-borne diseases or toxicity. The testing is necessary for frozen, processed, canned as well as farm-fresh food products to determine that these products are safe for human consumption. The rising number of food poisoning outbreaks, increasing awareness among consumers about food safety, and stringent food safety regulations are driving factors for the food safety testing market. According to Esticast Research, the food safety testing market accounted for a market value of $12.14 billion in 2016 and is anticipated to reach $21.43 billion by 2026, growing at a CAGR of 7.4% from 2017-2024.
In recent years, the growth in the number of health-conscious consumers has resulted in a rise in the demand for food products that qualify the food safety standards. The growing preference for health-enhancing food has stimulated food product manufacturers to embrace technologies that offer accuracy in the food testing services performed. Currently, some market players such as Intertek Group plc utilizes advanced technologies for food safety testing which assist food product manufacturers to adhere to stringent food regulations and thus maintain its brand reputation. Moreover, owing to the growth in food contamination and foodborne diseases, food companies are ensuring food safety by conducting pathogen-food safety tests. According to the Centers for Disease Control & Prevention, in the U.S., nearly 48 million people fall sick, about 128,000 individuals are hospitalized and nearly 3,000 people die from foodborne diseases yearly.
The trend of globalization of food trade is anticipated to create opportunities for the global market. With the growth in international trade, the food industry has progressively begun to recognize the role of food testing laboratories to guarantee that the food exported from different countries adhere to international regulatory standards. Further, the growing demand for packaged and processed food in developed as well as developing nations, due to factors such as increasing popularity of quick-serve restaurants and changing lifestyle is projected to boost the need for safety testing of edible food products. In addition, the increasing demand for quality testing for unprocessed and processed meats is anticipated to contribute to market growth.
Based on geography, North America is anticipated to be a major region in the global market. The growing prevalence of food-related allergies among the consumers and the presence of strict regulatory standards are expected to support the market growth in the region. Moreover, the Asia Pacific region is projected to witness significant growth owing to factors such as the outbreaks of diseases related to meat products, increasing disposable income, and efforts undertaken by concern organizations in the region such as the Food Safety and Standards Authority of India (FSSAI) regarding the safety of food products.
Prominent player functioning in the market include Eurofins Scientific, SGS S.A, Intertek Group plc, AsureQuality Ltd, Bureau Veritas S.A, Mérieux NutriSciences, and ALS Ltd. Partnerships, mergers, acquisitions, and investment in R&D are some strategies adopted by market players. For instance, in January 2019, Bureau Veritas S.A entered into a partnership with AsureQuality Ltd for the formation of BVAQ, a company providing food testing services to the South East Asian markets.
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