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Sustainable Growth Opportunities in the Food Safety Testing Market

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Sustainable Growth Opportunities in the Food Safety Testing Market

December 13
20:40 2022
Sustainable Growth Opportunities in the Food Safety Testing Market
MarketsandMarkets™
The consumption of contaminated food can have legal consequences as well. With that, food safety testing is conducted at stages across the production process to ensure food safety and quality is another factor propelling the food safety testing market growth.

Food safety testing market was estimated at USD 21.1 billion in 2022; it is projected to grow at a CAGR of 8.1% to reach USD 31.1 billion by 2027. The importance of food safety testing is rising as a result of growing public interest in food safety and quality issues, as well as the ability to broadcast these issues quickly via social media and the expansion of regulatory innovation, such as the Food Safety Modernization Act (FSMA).

Food Safety Testing Market

Europe is projected to achieve the highest market share in the food safety testing market.

According to the European Food Safety Authority (EFSA) and the European Centre for Disease Prevention and Control (ECDC), in 2018, the EU member states reported 5,146 foodborne outbreaks, affecting 48,365 people. Salmonella outbreaks in countries such as Slovakia, Spain, and Poland, accounted for 67% of the total outbreaks. Therefore, these outbreaks were mainly caused due to the consumption of eggs. In Europe, food safety policies are emphasized on by Control Laboratories (CLs), National Reference Laboratories (NRLs), and EU Reference Laboratories (EURLs). These authorities aim at protecting consumers’ health by ensuring the quality of the food supply chain. A growing number of food-borne illnesses, food contamination, and consumer awareness of food quality and safety are driving the growth of the market for food safety testing in Europe.

Key Market Players:

The key players in food safety testing market include SGS SA (Switzerland), Eurofins Scientific (Luxembourg), Intertek Group plc (UK), Bureau Veritas (France), ALS Limited (Australia), TÜV SÜD (Germany), TÜV Nord Group (Germany), NEOGEN Corporation (US), Mérieux NutriSciences (US), AsureQuality (New Zealand), FoodChain ID (US), R J Hill Laboratories Limited (New Zealand), Microbac Laboratories, Inc. (US), Romer Labs (Austria), and Symbio Laboratories (Australia). These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Through its companies, Eurofins Scientific leads the world in contract research services for agroscience, forensics, discovery pharmacology, pharmaceutical and cosmetic product testing, and advanced material sciences. Additionally, it is a market leader in biopharma contract development and manufacturing, genomics, clinical study assistance, and other independent global markets. Additionally, in both Europe and the USA, Eurofins is a significant developing participant in the field of esoteric and molecular clinical diagnostic testing.

Intertek is a provider of quality and safety services. It caters chemicals, food and health care, government and trade, hospitality and tourism, energy and commodities, product and retail, construction and engineering industries. It operates through three business divisions, namely, products, trade, and resources. The company offers food safety testing services through its products division. In order to assist customers’ Quality Assurance initiatives, Intertek adopts a holistic approach that covers R&D, raw material procurement, component suppliers, production, transportation, distribution and retail channels, and consumer management. Intertek has a global network of over 1,000 laboratories, including 29 state-of-the-art food testing laboratories in Germany, the UK, and China, and expert testing facilities in the US, Canada, India, Vietnam, South Korea, Peru, Sweden, Italy, Chile, Poland, Turkey, Indonesia, Sri Lanka, the UAE, Thailand, Hong Kong, and the Philippines.  The company runs via 1,000 locations in 100 plus countries across the world. It has 23 principal subsidiaries, some of which are Intertek Testing Services Shenzhen Ltd. (China), Intertek Testing Services NA Inc. (US), Intertek Testing Services Holdings Limited (UK), Intertek Vietnam Limited (Vietnam), and Intertek Testing Services (Thailand) Limited. Major competitors of the company include SGS (Switzerland), Eurofins (Luxembourg), and Bureau Veritas (France).

Bureau Veritas is one of the forefront players in food safety testing market and is engaged in providing testing, inspection, and certification services in order to fulfill the rising challenges of quality, safety, environmental protection, and social responsibility.  The company offers its services through six business verticals—buildings & infrastructure, agri-food & commodities, industry, consumer products, marine & offshore, and certification. The company offers food safety testing services through its agri-food & commodities segment. The company has established a strong network of 400,000 clients. They operate in North America, South America, Europe, the Middle East, Africa, and Asia Pacific through a network of 1,400 offices and laboratories in 140 countries. It has more than 250 subsidiaries, a few of which include BV Australia Pty Ltd. (Australia), BVCPS Germany (Germany), Bureau Veritas India (India), and Bureau Veritas North America Inc. (US). Major competitors of the company include Eurofins (Luxembourg), Intertek (UK), SGS (Switzerland), and ALS Limited (Australia).

The PCR based testing, by Rapid technology segment is estimated to account for the largest market share in the Food safety testing market during the forecast period.

Nowadays, any food producer can now set up a PCR laboratory almost next to the production line and utilize the same food production staff to do the testing; this is mainly because of Recent Developments in closed-tube and automated PCR and the accessibility of reasonably inexpensive kits and equipment. Furthermore, the automation of PCR setup enhances throughput and reproducibility while greatly reducing hands-on time and therefore supported the growth of food safety testing market.

Related Reports:

Top 10 Food Safety Testing and Technologies Trends – (Food Safety, GM Food Safety, Food Pathogen, Meat Speciation, Food Authenticity, Pesticide Residue, Mycotoxin, Allergen, Water, and Bottled Water) – Global Forecast to 2022

Grain Analysis Market by Grain Type (Cereals, Oilseeds, Pulses), Target Tested (Pathogens, Pesticides, GMO, Mycotoxins), Technology (Traditional, Rapid), End Use (Food, Feed), Component, and Region – Global Forecast to 2022

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