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Food Safety Testing Market Size Worth $33.28 Billion By 2028 | CAGR: 7.8% :Polaris Market Research

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Food Safety Testing Market Size Worth $33.28 Billion By 2028 | CAGR: 7.8% :Polaris Market Research

October 21
00:30 2021
Food Safety Testing Market Size Worth $33.28 Billion By 2028 | CAGR: 7.8% :Polaris Market Research
Polaris Market Research
The global food safety testing market was valued at USD 19.09 billion in 2020 and is expected to reach USD 33.28 billion by 2028 to grow at a CAGR of 7.8% during the forecast period

The global food safety testing market size is expected to reach USD 33.28 billion by 2028 according to a new study by Polaris Market Research. The report “Food Safety Testing Market Share, Size, Trends, Industry Analysis Report, By Test (Allergen Testing, Chemical & Nutritional Testing, Genetically Modified Organism Testing, Microbiological Testing, Residues & Contamination Testing, Others); By Application; By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The increasing number of health conditions because of consuming contaminated food is the key market driver across the globe. Busy lifestyle has propelled the need for packaged food among the youth population to whom food quality is the major concerned as they are stored for a longer period on the shelves. Food and beverage industries are focusing on catering to the rising demand for processed food for which chemical preservatives are used which is further expected to fuel the market growth for safety testing.

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Prominent players in the food safety testing market include :

SGS S.A., Intertek Group plc, Romer Labs Division Holding GmbH, Bureau Veritas SA, Eurofins Scientific SE, Covance Inc., Merieux NutriSciences, Microbac Laboratories, Inc., NSF International, Nova Biologicals, Inc., Campden BRI, Certified Laboratories, Inc., AsureQuality Ltd., ALS Ltd., Foodchain ID, Inc., Agrolab GmbH, WSS World Survey Services SA, Seidlaboratory Cia. Ltda., AGQ Labs.

Major market players are investing in expanding across Europe, Asia Pacific and North America with collaborations, mergers, partnerships, and acquisitions. The market is competitive with global as well as regional industries creating an entry barrier for new competitors.

Market Insight :

Genetically modified organism testing (GMO) dominated the market in the year 2020, attributed to its use in chemical, biochemical, biological, and molecular methods for detecting microorganisms in foods. Residue & contamination segment has potential growth opportunities in the coming year considering the rising demand in detecting contamination in poultry, meat, and meat products.

Europe had the largest market share in terms of revenue in the year 2020, due to the high occurrence of food-associated allergies in the region. The largest food industries across the globe exist in Germany, Italy, France, Spain, and the UK, which is expected to boost the market for food safety testing in the region. Allergen testing had market growth in North America owing to the stringent regulations by FDA. 

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Polaris Market research has segmented the food safety testing market report on the basis of Test, function, application, and region: 

Food Safety Testing, Test Outlook (Revenue – USD Million, 2016 – 2028)

 

  • Allergen Testing
  • Chemical & Nutritional Testing
  • Genetically Modified Organism (GMO) Testing
  • Microbiological Testing
  • Residues & Contamination Testing
  • Others

 

Food Safety Testing, Application Outlook (Revenue – USD Million, 2016 – 2028)

 

  • Meat, Poultry, & Seafood Products
  • Dairy & Dairy Products
  • Processed Food
  • Beverages
  • Cereals & Grains

 

Food Safety Testing, by Regional Outlook (Revenue – USD Million, 2016 – 2028)

 

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • Germany
    • UK
    • Italy
    • Spain
    • Netherlands
    • Austria
  • Asia Pacific
    • China
    • India
    • Japan
    • Malaysia
    • South Korea
    • Indonesia
  • Central & South America
    • Mexico
    • Brazil
    • Argentina
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

 

Have Any Query Or Specific Requirement? Feel Free To Ask Our Industry Experts At : https://www.polarismarketresearch.com/industry-analysis/food-safety-testing-market/speak-to-analyst

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Other Studies Relevant to this industry: https://www.polarismarketresearch.com/industry/Food-and-Beverages

 

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers

Media Contact
Company Name: Polaris Market Research and Consulting
Contact Person: Mr. Likhil G
Email: Send Email
Phone: +1-917-985-9017
Address:30 Wall Street 8th Floor
City: New York
State: New York 10005
Country: United States
Website: https://www.polarismarketresearch.com/industry-analysis/food-safety-testing-market

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