April 20, 2020
According to the research report titled ‘Global Food Safety Testing Market Size By Contaminant,, By Technology, By Food Type Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, global food safety testing market is expected to register substantial growth during 2019-2025.
Evolving agricultural practices and enhanced eatable processing methods along with increasing health awareness are major factors driving the growth of food safety testing industry. There has been an upsurge in number of cases of food adulteration. Consumer concerns regarding adulteration and increasing consumption of convenience food products due to busy lifestyle have enhanced the demand for rapid testing methods, which in turn is further fueling the market expansion. Advancements in the safety testing methods such as ELISA (enzyme-linked immunosorbent assay) and microbiological testing using advanced analytical techniques are also stimulating the industry outlook.
Increased pervasiveness of contamination as well as fraudulent practices in food processing industries are fostering the demand for food safety testing devices. Strict regulatory directives for facility inspections in food processing sector is also favoring the market outlook.
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In terms of contaminant type, the pathogens segment held 40% market share in 2018. Growing consciousness pertaining to healthy eating habits and rising prevalence of foodborne illnesses are bolstering the demand for food safety testing.
As per technology, rapid segment is presumed to expand with a CAGR of 7.5% through 2025. Rapid food safety testing devices offer better reliability and accuracy. Rising popularity of immunoassay, PCR-based techniques and convenience-based tests for early detection of pathogens are promoting the business scenario.
The report states that meat, poultry & seafood segment held 25% market share in 2018 and is expected to grow consistently during the study period. Improper cleaning procedures in butcheries lead to contamination of food products. Concerns regarding microbiological limit in poultry and meat is stimulating the market size.
Considering the geographical landscape, Asia-Pacific food safety testing market is predicted to witness a growth rate of 7% between 2019 and 2025. Increasing cases of food poisoning owing to consumption of contaminated meat products along with rapid expansion of supply chain sector is augmenting the demand for food safety testing kits in Asia-Pacific.
Major contenders prevailing in food safety testing industry are Bio-Rad Laboratories, Asurequality Ltd., Intertek Group PLC, ALS Ltd., Aegis and Neogen Corp. among others.
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