Market Leaders: Bureau Veritas (France), Intertek Group PLC (UK), Europhins Scientific (Luxembourg) are Leading Players Adopting Strategies Like Collaborations and Acquisitions are leading players in Top 10 Food Safety Testing and Technologies Trends
The food safety testing market is projected to grow at a CAGR of 8.2% from an estimated value of USD 22.7 billion in 2023 to reach USD 33.7 billion by 2028. The food safety testing market has seen significant growth globally, driven by growing public awareness of foodborne illnesses and food safety concerns has led to increased demand for stringent testing and monitoring of food products. High-profile outbreaks and recalls have raised consumer consciousness about the importance of food safety. North America, Europe, and Asia-Pacific are the major regions where the market is expanding, with a wide range of companies offering food safety testing.
The food safety testing market is witnessing a significant presence of various companies, each contributing to the growth and development of this sector. The key players in the top trends of the food safety testing and technologies market include SGS Société Générale de Surveillance SA. (Switzerland), Bureau Veritas (France), Intertek Group PLC (UK), Eurofins Scientific (Luxembourg), ALS (Australia), TUV Nord Group (Germany), AsureQuality (New Zealand), Mérieux NutriSciences Corporation (US), Microbac Laboratories, Inc. (Pennsylvania), IFP Institute for Product Quality GmbH (Germany), EMSL Analytical, Inc. (US), Symbio Laboratories (Australia), Hill Laboratories (New Zealand), Thermo Fisher Scientific Inc. (US), Bio-Rad Laboratories, Inc. (US), Romer Labs (Austria), FoodChain ID (US), Nova Biologicals (US), Certified Laboratories (US), IEH Inc. (US), PrimusLabs (US), PT Seafood Inspection Laboratory (Indonesia), Eureka
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which also contributes a significant share to the food safety testing market.
Bureau Veritas (France) is a globally renowned leader in providing testing, inspection, and certification services. Its comprehensive solutions are designed to meet the increasing demand for quality, safety, environmental protection, and social responsibility. The company holds 900 accreditations and delegations and has been certified with ISO 17020, making it the first accredited network. Bureau Veritas is an active member of respected international organizations, including the Grain and Feed Trade Association (GAFTA), the Federation of Oilseeds and Fats Association (FOSFA), the Sugar Association of London (SAL), and the Agri Committee of the International Federation of Inspection Agencies (IFIA). Within the agri-food sector, Bureau Veritas offers specialized services for raw, processed, and pet food products. The company provides comprehensive food testing certification, inspections, audits, and supply chain solutions and offers safety testing for a diverse range of products. In June 2022, Bureau Veritas acquired Advanced Testing Laboratory (ATL), which will help the company to strengthen its services for the North American consumer healthcare products, cosmetics & personal care, and medical device markets.
Intertek (UK) is a company that specializes in providing quality and safety services to manufacturers, retailers, governments, and traders worldwide. They offer various services across various industries, such as chemicals, energy & commodities, food & healthcare, products & retail, construction & engineering, and transportation & government trade. Their services include testing, inspection, and certification of products, commodities & systems, and more. With a global network of over 1,000 laboratories, including 20 high-tech food-testing laboratories in Germany, Great Britain, and Shanghai, and testing facilities in Beijing, India, Vietnam, and the Philippines, Intertek has a presence in over 100 countries across North and South America, Europe, the Middle East, Africa, and Asia Pacific. The company has 23 principal subsidiaries, including Intertek Testing Services Shenzhen Ltd. (China), Intertek Testing Services NA Inc. (US), and Intertek Testing Services Holdings Limited (UK). In July 2021, Intertek Group acquired Brazil-based JLA Brasil Laboratório de Análises de Alimentos SA ('JLA'), one of the leading providers of food, agriculture, and environmental testing solutions. This acquisition will help Intertek enhance its food safety testing service portfolio for Brazilian customers.
Related Reports:
Top 10 Food Safety Testing and Technologies Trends: (Food Safety, GM Food Safety, Food Pathogen, Meat Speciation, Food Authenticity, Pesticide Residue, Mycotoxin, Allergen, Water, and Bottled Water) - Global Forecast to 2028
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