Food Safety Testing Market Estimated to Record Highest CAGR by 2025
Food safety includes better handling, preparation, and storage of prepared food in a safe way to avoid spoilage. Food safety testing is an important process because contaminated food paves the way for unhygienic bacteria, parasites, and viruses that can lead to food poisoning. Consumption of contaminated food items can cause more than 200 diseases ranging from diarrhea to cancer. Demise due to foodborne diseases in one of the leading causes of deaths at the global level nowadays. According to World Health Organization (WHO), approximately 1 out of 10 people had suffered from various diseases post consumption of contaminated food, thereby, claiming an approximate of 420,000 lives per year.
According to Center of Disease Control and Prevention (CDC), in the U.S., 1 out of every 6 consumer fall ill due to the consumption of contaminated food every year. These factors have increased the awareness level among the consumers due to which they have shifted their focus towards tested food items. The global food safety testing market is mainly driven by the stringent government regulations imposed on the food and beverage industry about the safety level of food items across every region
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Rising demand for convenient and packaged food products among the consumers is another major factor stimulating the demand for food safety testing market at the global level. Processed food comprise of approximately 10% of daily food consumption, while ultra-processed food comprise of more than 55% of daily food consumption. The rise in the consumption of processed food has paved the way for food safety testing market and the impact of this driver is expected to strengthen in the future.
However, the market is expected to face challenge from the emerging countries, where the food control infrastructure and resources are comparatively less. However, the impact of this restraint is expected to minimize by the end of the forecast period.
Based on contaminants tested, the food safety testing market has been classified into pathogens, pesticides, genetically modified organisms (GMO’s), toxins and others. Food pathogens contamination testing market was the major revenue generator in global food safety testing market in 2016 and is expected to lead the market throughout the forecast period. Extensive research and development activities in the field of food testing have already highlighted the adverse effects of pathogens on health. Presence of pathogens such as E Coli, campylobacter, and listeria in food and beverage items results in intestinal disorders which can eventually lead to death.
Based on technology, the food safety testing market has been classified into rapid technology and traditional technology, where the former which is inclusive of polymerase chain reaction (PCR), Immunoassay and others dominated the market in 2016 and is expected to retain the same position in the market throughout the forecast period.
North America accounted for the largest market share in global food safety testing market in 2016 and is anticipated to maintain its supremacy throughout the forecast period due to stringent regulations imposed by the regulating bodies on food safety. In addition, the Food and Drug Administration (FDA) has authorized consumers to raise concern regarding the safety of food or beverage item and take that up with the manufacturers in case of any discrepancy. U.S. is the major contributor for the growth of the food safety testing market in North America. High consumer awareness regarding various types of food borne diseases and the benefits of food safety is a major factor propelling the growth of the food safety testing market in the U.S. Further, stringent government regulations with respect to food safety coupled with rapid implementation of the same is another key factor boosting the demand for food safety testing in that region.
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Asia Pacific is anticipated to be the fastest growing market for food safety testing. Increasing consumer awareness about food safety coupled with rising initiatives taken by the regulating bodies regarding food borne diseases and it’s after effects on human health and the benefits of food safety testing. India, China, and Japan are expected to dominate the food safety testing market in Asia Pacific throughout the forecast period on account of rapid urbanization, changing consumer lifestyle in terms of their feeding habits and the rising processed food industry in these countries.
The global food safety testing market was valued at US$ 10.66 Billion in 2016 and is expected to witness a CAGR of 7.4% in terms of revenue during the forecast period of 2017 – 2025.
Major Players in the Global Food Safety Testing Market
Some of the major players operating in the field of food safety testing market include Intertek Group plc, Eurofins Scientific, SGS SA, Bureau Veritas, Det Norske Veritas, ALS Laboratory, Bio-Rad Laboratories and various others.
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