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Food Safety Testing Market worth 17.16 Billion USD by 2021
The report "Food Safety Testing Market by Contaminant (Pathogens, Pesticides, GMOs, and Toxins), Food Tested (Meat & Poultry, Dairy Product, Processed Food, and Fruits & Vegetables), Technology (Traditional and Rapid), and by Region - Global Forecast to 2021", The food safety testing market is projected to reach a value of USD 17.16 Billion by 2021, at a CAGR of 7.4% from 2016. The market is driven by factors such as global increase in outbreaks of foodborne illnesses and implementation of stringent food safety regulations. The high growth potential in emerging markets and untapped regions provide new opportunities for market players.
Browse 91 market data Tables and 75 Figures spread through 213 Pages and in-depth TOC on "Food Safety Testing Market by Contaminant (Pathogens, Pesticides, GMOs, and Toxins), Food Tested (Meat & Poultry, Dairy Product, Processed Food, and Fruits & Vegetables), Technology (Traditional and Rapid), and by Region - Global Forecast to 2021"
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Pathogens segment to dominate among contaminants between 2016 and 2021
In 2015, among the contaminants of food, testing for pathogens dominated, with Salmonella accounting for the largest share in the food safety testing market. Many food product recalls by FDA have been recently registered in the U.S. and other countries, especially due to Salmonella contamination. Increasing food contamination and outbreaks of STEC poisoning have resulted in increasing the frequency of Campylobacter and E. coli testing across the world. Laboratories have been adopting rapid testing technologies to obtain faster results in response to the demand from the food manufacturers. The rising concerns regarding health issues due to contaminants are expected to drive its testing services market.
Rapid technology segment is projected to lead the market through 2021
The rapid technology segment is projected to grow at the highest CAGR from 2016 to 2021. The food safety testing market is driven by the advancement of testing technologies and the increase in demand for advanced and rapid technology systems. The importance of this technology is increasing due to its quick, accurate, efficient, and easy-to-use characteristics. The stakeholders demand new and emerging technologies for analytical testing and ensure certification denoting the high quality of their products. This has been driving the market for rapid technologies in food safety testing.
Significant growth for food safety testing is observed in the Asia-Pacific region
Asia-Pacific is projected to be the fastest-growing region in the food safety testing market. Infrastructure development such as sustainable transformation of the food safety testing policies, and various rules and regulations implemented by different countries in the region are estimated to drive the growth of the food safety testing market in this region. Moreover, Japan has shown tremendous efforts towards growth of food safety testing by implementing stringent regulations. The Japanese food safety testing laboratories have been constantly registering patents for developing technologies to detect contaminants. The Southeast Asian food safety testing market has shown a tremendous growth opportunities. This has impacted the demand for food safety testing in the country.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such Eurofins Scientific SE (Luxembourg), Silliker Inc. (U.S.), SGS S.A. (Switzerland), Bureau Veritas S.A. (France), and Intertek Group Plc (U.K.).
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