Food Safety Testing Market Size is Growing with a CAGR of 7.2% and to Garner $37.5 Billion by 2031

PORTLAND, OR, US, November 7, 2023 /EINPresswire.com/ -- Food Safety Testing Market by Technology (Agar Culturing, PCR-based Assay, Immunoassay-based, Others), by Food Tested (Meat and Meat Product, Dairy and Dairy Product, Cereals, Grains, and Pulses, Processed Food, Others), by Type (Pathogen, Genetically Modified Organism (GMO), Chemical and Toxin, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031" According to the report, the global food safety testing industry was valued at $18.7 billion in 2021 and is estimated to generate $37.5 billion by 2031, witnessing a CAGR of 7.2% from 2021 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

𝐀𝐬𝐤 𝐟𝐨𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/request-sample/5033

Food fraud is committed when food is deliberately altered for financial gains with the intention of deceiving consumers. The food standards agency (FSA) specifies two main types of food frauds namely, sale of food that is unfit and another fraud includes potentially harmful foods with deliberate mis-description of ingredients or composition.

Increase in economically motivated adulteration (EMA) owing to high competition and rise in incidence of food frauds in the country, is the prime factor that boosts the growth of the U.S. food safety testing market during the forecast period.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

Based on region, the market in North America was the largest in 2021, accounting for more than one-third of the global food safety testing market and is likely to dominate in terms of revenue in 2031. This is due to the prevalence of public health burden of foodborne illnesses in the state of Mississippi (MS). The market in Asia-Pacific, however, is likely to show the fastest CAGR of 7.7% during the forecast period. This is due to the increase in disposable income of consumers and the high demand for effective food safety testing. The prevalence of improper usage of pesticide in developing countries such as India and China are expected to contribute to the growth of the food safety testing market.

By region, North America held the largest share in 2021 i.e., $6,830.4 million in 2021, and is expected to reach $13,339.2 million by 2031, growing at a CAGR of 6.9% during the forecast period, as the U.S. dominates the regional market for food safety testing due to the country's high demand for food safety equipment. By offering specific product lines and higher-quality workmanship along with cutting-edge marketing and manufacturing techniques, the manufacturers of food safety testing equipment are expected to attempt to recapture the North American market. The increase in disposable income in Canada is expected to cause the demand for food safety testing in the area to grow. In the U.S. each year, foodborne infections are thought to cause 9.4 million cases and 1351 fatalities, according to MDPI.

𝐁𝐮𝐲 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/checkout-final/3b12b08aabf0216d09d20aeb2859cc73

By food tested, processed food segment was the highest revenue contributor in 2021 i.e., $6,430.4 million in 2021, and is expected to reach $12,990 million by 2031, growing at a CAGR of 7.3% during the forecast period. Many chemicals are routinely added to processed foods to extend their shelf life and improve flavor & scent. However, the major food producers frequently include a number of food additives that are bad for health and are prohibited by the FDA to improve the food product. Food additives are substances that are added to food to enhance flavor, color, and shelf life. In addition, food additives are used in food processing to alter the taste, consistency, and packaging of the meal. To manufacture processed food in the right form, numerous chemicals are added to it. Depending on how frequently these substances are consumed everyday by the person, their health may be adversely harmed in the food safety testing market.

𝐓𝐨𝐩 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Intertek Group Plc
SGS SA
TUV SUD AG
ALS Limited
Bio-Rad Laboratories
AsureQuality Ltd.
Eurofins Scientific
Bureau Veritas SA
Thermo Fisher Scientific, Inc.
DNV AS

The report analyzes these key players of the global food safety testing market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞 : https://www.alliedmarketresearch.com/purchase-enquiry/5033

Based on type, the pathogen segment contributed to the largest share of two-fifths of the global food safety testing market in 2021 and is expected to dominate the market during the forecast period. Different kinds of pathogens, including viruses, bacterial strains, fungi, or parasites can make their host sick. In order to ensure customer safety, pathogen testing is regularly carried out throughout the production process, from raw materials through end product screening.

𝐊𝐞𝐲 𝐟𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐭𝐮𝐝𝐲

On the basis of technology, the PCR-based assay segment is estimated to witness a significant growth in the food safety testing market analysis, registering a CAGR of 7.6% during the forecast period.

On the basis of food-tested, the processed food segment is anticipated to grow at a CAGR of 7.3% during the forecast period.

On the basis of type, pathogen segment is estimated to witness significant growth, registering a CAGR of 7.1% during the forecast period.

On the basis of region, North America was the dominant region in 2021, occupying a major share of the food safety testing industry.

𝗧𝗿𝗲𝗻𝗱𝗶𝗻𝗴 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 𝗶𝗻 𝗙𝗼𝗼𝗱 𝗮𝗻𝗱 𝗕𝗲𝘃𝗲𝗿𝗮𝗴𝗲𝘀 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆

GMO Testing Market - https://www.prnewswire.com/news-releases/gmo-testing-market-size-to-register-6-2-billion-by-2031-allied-market-research-301781790.html

Food Processing Ingredients Market - https://www.alliedmarketresearch.com/food-processing-ingredients-market-A15473

Grain analysis Market - https://www.alliedmarketresearch.com/grain-analysis-market-A13553

South Africa Food Safety Testing Market - https://www.alliedmarketresearch.com/south-africa-food-safety-testing-market

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