Food Safety Testing Market

Market Leaders : SGS SA (Switzerland), Eurofins Scientific (Luxembourg), Intertek Group PLC (UK), Bureau Veritas (France) and ALS Limited (Australia), are projected to Dominate the market due to their Innovative Service and usage of Different Distribution Channels to meet Consumer Demands in Food Safety Testing Market

The market for Food safety testing is estimated at USD 21.1 billion in 2022; it is projected to grow at a CAGR of 8.1% to reach USD 31.1 billion by 2027. The implementation of strict regulations by various leading food safety organizations, including the Food Standards Agency, European Food Safety Authority, Food Safety and Standards Authority of India, and Canadian Food Inspection Agency, to prevent consumer illness and food fraud is expected to fuel the growth of the global food safety testing market.

The Food safety testing market consists of a few globally established players such as SGS SA (Switzerland), Eurofins Scientific (Luxembourg), Intertek Group plc (UK), Bureau Veritas (France), ALS Limited (Australia), TÜV SÜD (Germany), TÜV Nord Group (Germany), NEOGEN Corporation (US), Mérieux NutriSciences (US), AsureQuality (New Zealand), FoodChain ID (US), R J Hill Laboratories Limited (New Zealand), Microbac Laboratories, Inc. (US), Romer Labs (Austria), and Symbio Laboratories (Australia). Strategic partnerships were the dominant strategy adopted by the key players, followed by expansions and new product launches. These strategies have helped them to increase their presence in different regions and industrial segments

Through its companies, Eurofins Scientific leads the world in contract research services for agroscience, forensics, discovery pharmacology, pharmaceutical and cosmetic product testing, and advanced material sciences. Additionally, it is a market leader in biopharma contract development and manufacturing, genomics, clinical study assistance, and other independent global markets. Additionally, in both Europe and the USA, Eurofins is a significant developing participant in the field of esoteric and molecular clinical diagnostic testing.

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The company operates via five business segments-biopharmaceutical services, food and feed testing, clinical diagnostics, environment testing and consumer product testing. The food safety testing services come under food and feed testing section. Eurofins, which employs over 61,000 people across a network of over 1,000 independent companies in 59 different countries and runs 940 laboratories, provides a portfolio of over 200,000 analytical methods for assessing the composition, identity, authenticity, purity, and origin of biological substances and products as well as for cutting-edge clinical diagnostics. The goal of Eurofins enterprises is to offer their clients top-notch services, precise results on schedule, and professional advice from their highly qualified employees. The company has a strong footprint in Europe, North America, and South America, with a growing presence in the Asia Pacific. It has several subsidiaries that include Eurofins Food Chemistry Testing France Holding SAS (France), Eurofins Food Testing Germany East Holding GmbH (Germany), and Eurofins BECIT GmbH (Germany). Eurofins Scientific’s key competitors include SGS (Switzerland), Intertek (UK), and Bureau Veritas (France).

Intertek is a provider of quality and safety services. It caters chemicals, food and health care, government and trade, hospitality and tourism, energy and commodities, product and retail, construction and engineering industries. It operates through three business divisions, namely, products, trade, and resources. The company offers food safety testing services through its products division. In order to assist customers’ Quality Assurance initiatives, Intertek adopts a holistic approach that covers R&D, raw material procurement, component suppliers, production, transportation, distribution and retail channels, and consumer management. Intertek has a global network of over 1,000 laboratories, including 29 state-of-the-art food testing laboratories in Germany, the UK, and China, and expert testing facilities in the US, Canada, India, Vietnam, South Korea, Peru, Sweden, Italy, Chile, Poland, Turkey, Indonesia, Sri Lanka, the UAE, Thailand, Hong Kong, and the Philippines.  The company runs via 1,000 locations in 100 plus countries across the world. It has 23 principal subsidiaries, some of which are Intertek Testing Services Shenzhen Ltd. (China), Intertek Testing Services NA Inc. (US), Intertek Testing Services Holdings Limited (UK), Intertek Vietnam Limited (Vietnam), and Intertek Testing Services (Thailand) Limited. Major competitors of the company include SGS (Switzerland), Eurofins (Luxembourg), and Bureau Veritas (France).

Bureau Veritas is one of the forefront players in food safety testing market and is engaged in providing testing, inspection, and certification services in order to fulfill the rising challenges of quality, safety, environmental protection, and social responsibility.  The company offers its services through six business verticals—buildings & infrastructure, agri-food & commodities, industry, consumer products, marine & offshore, and certification. The company offers food safety testing services through its agri-food & commodities segment. The company has established a strong network of 400,000 clients. They operate in North America, South America, Europe, the Middle East, Africa, and Asia Pacific through a network of 1,400 offices and laboratories in 140 countries. It has more than 250 subsidiaries, a few of which include BV Australia Pty Ltd. (Australia), BVCPS Germany (Germany), Bureau Veritas India (India), and Bureau Veritas North America Inc. (US). Major competitors of the company include Eurofins (Luxembourg), Intertek (UK), SGS (Switzerland), and ALS Limited (Australia).

ALS Limited offers diversified testing services across various industries. The company deals in analytical & testing services, and its businesses span major sectors such as mining, natural resource, environmental, food, agriculture, pharmaceutical, industrial, and inspection services. The company operates in three business verticals namely life sciences, commodities, and industrial. The life sciences division offers analytical testing and sampling services and remote monitoring for the environmental, food, pharmaceutical, and consumer product markets. ALS has operations in over 300 sites in over 65 countries across Africa, Asia, Australia, Europe, and the Americas. Some of its subsidiaries includes ALS Technichem (Singapore) Pte Ltd, ALS Canada Limited (Canada), and Consultancy Services Pty Ltd (Turkey). Major competitors of the company include SGS (Switzerland), Eurofins (Luxembourg), and Intertek (UK).

Related Reports:

Food Safety Testing Market by Target Tested, Technology (Traditional and Rapid), Food Tested (Meat, Poultry, Seafood, Dairy, Processed Foods, Fruits & Vegetables, and Cereals & grains) and Region - Global Forecast to 2027

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Food Safety Testing Market Size,  Share & Growth Report
Report Code
FB 3059
RI Published ON
9/26/2022
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