Articles

Food Safety Testing Market Size, Share, Growth, Trend & Forecast 2026

by Mack Nene SEO | Digital Marketing

The global food safety testing market is anticipated to grow at a substantial rate during the forecast period owing to increasing awareness among customers regarding food safety. The growing demand for packaged and processed food is also supporting the growth of food safety testing market. Further, the rising prevalence of various diseases which might occur due to food contamination is also acting as growth driver for this market. Moreover, increasing requirement for quality tests of processed and unprocessed meats is expected to fuel the global food safety testing market by 2026.

Stringent regulations related to food safety in various regions is further contributing to the increasing demand of food safety testing. Increasing import and export of food items has led to increased contaminant levels due to improper monitoring. This is further creating a need for food safety testing. Additionally, growth in food & beverage industry is poised to support the growth of food safety testing market in the coming years.

Global food safety testing market can be segmented based on technology, food tested, target tested and region. Based on technology, the market is segmented into traditional and rapid technologies. Among them, the traditional technology dominated the market, especially in developing economies owing to its low cost and high number of service providers using traditional methods for food testing. However, the rapid technology is expected to undergo the fastest growth by 2026 as they give accurate results in limited timespan.

Regionally, North America dominated the market in 2020 and is expected to continue its dominance until 2026 due to stringent regulations relating to food safety and increasing outbreaks of foodborne illnesses. Also, technological advancements and high competitiveness among food manufacturers is leading to high demand for food safety testing services in the region.

Major companies operating in the global food safety testing market include SGS S.A., Romer Labs Division Holding GmbH, Intertek Group plc, Bureau Veritas SA, NSF International, Eurofins Scientific SE, Microbac Laboratories, Inc., Covance Inc., Merieux NutriSciences and Nova Biologicals, Inc., among others. The key trend being observed in the market is merger & acquisitions to expand the global market share. The recent outbreak of COVID-19 has also led to the surge in demand for food safety testing services.

Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022–2026

Objective of the Study:

  • To analyse and forecast the market size of global food safety testing market.
  • To forecast global food safety testing market based on technology, food tested, target tested, company and regional distribution.
  • To identify drivers and challenges for global food safety testing market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. in global food safety testing market.
  • To identify and analyse the profile of leading players operating in the global food safety testing market.

Click here to download the sample

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of food safety testing companies across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the vendors which could not be identified due to the limitations of secondary research.

TechSci Research calculated global food safety testing market size using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: sales@techsciresearch.com

Web:   https://www.techsciresearch.com/

Our Blog: https://techsciblog.com/


Sponsor Ads


About Mack Nene Senior     SEO | Digital Marketing

185 connections, 2 recommendations, 765 honor points.
Joined APSense since, August 24th, 2015, From Noida, India.

Created on Apr 30th 2021 06:13. Viewed 203 times.

Comments

No comment, be the first to comment.
Please sign in before you comment.