Food Safety Testing Market Outlook and Forecast by 2025

Global Food Safety Testing Market: Snapshot

The global food safety testing market has witnessed impressive growth over the last few years due to rising incidence of food contamination there is a growing demand for food safety testing by food manufacturers. Owing to increasing awareness about foodborne diseases and various technologically advanced techniques and equipment deployed for food safety testing, the market for food safety testing has been treading along a healthy growth path over the past few years and the market is expected to continue to exhibit strong growth over the next few years as well. The vast expansion of the global food and beverages industry, coupled with the growth of the food service industry, has also been a key factor driving the growth of the global food safety testing market.

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Transparency Market Research estimates that the revenue generated from food safety testing will value at US$658.5 mn by the end of 2017. The market is expected to exhibit a CAGR of 8.9% from 2017 to 2025, rising to a valuation of US$1304.5 mn by the end of 2025.

Food Testing Services for Testing Pathogens to Gain Maximum Traction

In terms of contaminants, the report segments the global food safety testing market into pathogens, genetically modified organisms, chemicals, and toxins. Of these, the segment of pathogens is estimated to account for a massive 42.5% of the global market in 2017. The segment is expected to witness promising growth prospects over the report’s forecast period chiefly owing to value the increasing demand for testing bacteria such as salmonella and E.coli in food products. Increasing incidences of food contamination-related illnesses is the key factor driving this trend.

The segment of the genetically modified organisms segment is also anticipated to exhibit promising growth over the report’s forecast period, charting a CAGR of 8.9% in terms of value.

The vast rise in awareness regarding genetically modified fruits and vegetables among consumers and the stringent regulatory restrictions on GMO-derived foods are the key factors expected to drive growth of this segment over the report’s forecast period.

Market to Continue Thriving in Developed Economies

An exhaustive analysis and geographic assessment of the global food testing safety market has demonstrated that the global food safety testing market is largely dominated by developed economies across regions such as North America and Europe. Collectively, North America and Europe are expected to account for a massive 64.6% of the global market by the end of 2017 and account for a slightly larger share in the global market by the end of the forecast period. Europe is presently the leading contributor of revenue to the global market, and is estimated to hold about 36.3% of the market by the end of 2017.

Rising incidences of food contamination, technologically highly advanced food testing laboratories, and stringent regulations related to food safety in most countries in these regions contribute to the strong positions of North America and Europe in the global food testing safety market. While Europe holds the top spot in the global food safety testing market, the most promising growth rate is expected to be seen in the APAC region over the report’s forecast period. APAC market is expected to exhibit a promising CAGR of 8.6%, attributed chiefly to the growing food trade in this region. Furthermore, companies are focusing on making major investments in R&D activities, which is further driving growth of the food safety testing sector in the region.

Some of the leading companies operating in the global food safety testing market are Bio-Rad Laboratories, Inc., Intertek Group Plc, SGS SA, Eurofins Scientific SE, Thermo Fisher Scientific, Inc., ALS Limited. Laboratory Corp. of America Holdings, AsureQuality Limited, Bureau Veritas SA, and Scientific Analysis Laboratories Limited.

Global Food Safety Testing Market: Growing Consumer Awareness Driving Demand, says TMR

According to the findings of a recent intelligence study by Transparency Market Research (TMR), the global food safety testing market is highly fragmented between a large numbers of small- and medium-sized vendors. The report has detected that in 2016, the top five companies reserved merely 20% of the overall market and the consolidation of any company is quite unlikely in the near future. That being said, the companies operating in the global food safety products market will gain new opportunities by providing premium services in the potential market of emerging companies.

As per the estimations provided the by the TMR report, the demand in the global food safety market will increment at a robust CAGR of 8.9% during the forecast period of 2017 to 2025, reaching a valuation of US$1.3 bn by the end of 2025, significantly up from its evaluated worth of merely US$658.5 mn in 2017. The prominent vendors in the food safety market are expected to emphasize on gaining consumer attention by keeping close watch on the rapidly changing testing patterns, improving their products at the same time in order to provide accurate tests. Establishing a brand name is also expected to help these vendors to sustain their consumer base. The report identifies Thermo Fisher Scientific, Inc, Intertek Group Plc, Bio-Rad Laboratories, Inc., Eurofins Scientific SE, and SGS SA as some of the key companies currently operating in the global food safety testing market.

Genetically Modified Organisms Segment Projected for Robust Growth Rate

Based on contaminants, the TMR report segments the global food safety testing market into pathogens, genetically modified organisms, and chemicals and toxins. The pathogens segment has been sub-segmented into bacteria, fungus, and viruses, and currently is most profitable, accounting for 42.5% of the demand in the overall market in 2017. The prosperity of this segment is primarily attributed to the escalating requirement for testing bacteria such as E.coli and salmonella, which has been found out to be at the backbone of a number of food contamination-related illnesses. On the other hand, genetically modified organisms segment is also projected to gain added demand at a strong CAGR of 8.9% during the forecast period of 2017 to 2025. This shift will be a reflection of growing awareness regarding genetically modified fruits and vegetables, which face strict regulatory policies.

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Europe Remains Most Lucrative Region

Geographically, this report takes stock of the potential of food safety testing market in every important region, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa (MEA). In the present scenario, the developed regions of North America and Europe are most profitable, collectively accounting for 64.6% demand in 2017, with Europe serving slightly greater demand than North America. Growing incidences of food contamination, advancements in food testing methods and technologies, and strict regulation are some of the factors augmenting the demand for food safety testing from these two regions. On the other hand, Asia Pacific is expected to turn into a highly lucrative region towards the end of the forecast period, projected for 8.5% growth rate due to increasing food trade in this region.

Increase in Contamination-caused Illness Driving Demand

Some of the key factors driving the demand in the global food safety testing market are: worldwide increase in foodborne illness outbreaks, globalization of food supply, implementation of stringent food safety regulations, media influence on consumer awareness regarding food safety, and availability of advanced technology which has significantly quickened up the testing process. On the other hand, the lack of food control infrastructure, limited resources in emerging economies, and moderate awareness among the consumers are some of the restraints faced by this market. Nevertheless, the vendors operating in the global food safety testing market are expected to gain new opportunities in the developing countries as well as via increasing awareness among the consumers.

The information presented in this review is based on a Transparency Market Research report, titled, “Food Safety Testing Market (Contaminants- Pathogens, Genetically Modified Organisms, Chemicals, and Toxins; End-use - Food, Agriculture, and Environment; Technology - q-PCR and d-PCR) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025.”

Key segments of the Global Food Safety Products and Food Safety Testing Market:

Food Safety Products Market, by Types:

• Disinfection Products
• Diagnostic Products
• Disposable Gloves
• Smart Labels & Tags
• Software Tracking Systems

Food Safety Testing Market, by Contaminants:

• Pathogens
• Pesticides
• Genetically Modified Organisms (GMOs)
• Toxins
• Others

Food Safety Testing Market, by Pathogens:

• Listeria
• Salmonella
• Coli
• Campylobacter
• Others

Food Safety Testing Market, by Food Types:

• Processed Foods
• Meat & Poultry
• Dairy Products
• Fresh & Frozen Fruits & Vegetables
• Others

Food Safety Testing Market, by Technology:

• Traditional Methods
• Rapid Methods

Food Safety Rapid Testing Market, by Types:

• Convenience-Based Methods
• Immunoassay-Based Methods
• PCR-Based Methods
• Other Molecular-Based Methods

Rising Number of Food Recalls to Bolster Uptake of Safety Testing Technologies

The growing awareness about food adulteration among consumers has led to the adoption of various food safety testing equipment and technology. A burgeoning food services industry and substantial growth of the food and beverages sector have led to the need for technologies to monitor food safety and prevent adulteration. Over the past few years, the rising instances of massive food recalls in various parts of the world, especially in advanced nations such as the U.S., has made a considerable dent in the reputation of several food companies. This has catapulted the demand for food safety testing systems in these regions.

In recent years, next-generation sequencing technologies have gained prominence over conventional methods such as polymerase chain reactions and Elisa since they offer high-throughput food safety testing. In terms of revenue, the valuation of the food safety testing market is expected to reach US$658.5 mn by the end of 2017. The market is market is projected to expand at a CAGR of 8.9% during 2017–2025.

Which contaminant testing in food safety is expected to witness substantial adoption of the technology?

The major contaminants that can be tested for ensuring food safety are pathogens, chemicals, genetically modified organisms, and toxins. The rising consumption of thermally processes food in developed nations and robust governmental regulations in inspection and monitoring of processed food, such as meat, are expected to bolster the adoption of food safety testing for pathogens. The rising demand for testing food products for the presence of bacteria such as salmonella and E.coli is expected to expand the opportunities in the market in the coming years. In addition, the increasing number of food borne illnesses has further triggered governments in various nations to implement systems for testing pathogens. This segment is projected to account for a substantial market share of 42.5% in 2017.

ALS Global, a globally prominent analytical testing services provider, announced in June 2017 that it has acquired Wisconsin-based Marshfield Food Safety and the valuation of the deal amounted to US$20 million. The Australian company believes that this will help ALS to consolidate its presence in the U.S. food safety testing market. The U.S.-based company specializes in nutrition-based testing and offer testing of food products against salmonella. The acquisition is considered vital for both companies as this will expand opportunities for numerous clients in analytical testing and inspection services for food safety.

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Which geographic regions are anticipated to provide exciting growth avenues for market players?

The major regional markets are North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA). Of these, Europe is the leading market for food safety testing and is expected to contribute the major revenue of about 36.3% by the end of 2017. North America is a prominent market, and combined with Europe, its accounts for a whopping market share at present. Meanwhile, Asia Pacific is expected to rise at an impressive CAGR of 8.6% during the forecast period. The substantial growth of this regional market is propelled by massive spending in research and development of food testing technologies and substantial growth of food trade. The stellar demand for food safety testing in various emerging markets of Asia Pacific is further propelled by recent government support to adopt these technologies in various food services premises.

Global Food Safety Testing Market: Rising Incidences of Food Contamination Compel Food Manufacturers to Implement Safety Measures, says TMR

The global market for food safety testing has a largely fragmented vendor landscape, featuring the presence of a large number of small and large service providers, and the top five companies collectively holding only about 20% of the overall market in 2016, says Transparency Market Research in a recent report. It has also been observed that premium service providers are exploring growth avenues in high-potential markets, hinting towards a possible rise in the level of consolidation of the market over the next two to three years.

Key players in the market have emphasized on garnering the attention of the consumers by keeping pace with their ever-changing testing patterns. Product innovation to perform more accurate tests has seen an increasing demand from the supply side, to increase the brand appeal and also to provide better services, which is one of the most important parameters considered by consumers. Some of the leading players in the market are Bio-Rad Laboratories, Inc., Intertek Group Plc, SGS SA, Eurofins Scientific SE, and Thermo Fisher Scientific, Inc.

Transparency Market Research estimates that the market will exhibit a promising 8.9% CAGR over the period between 2017 and 2025, rising to a valuation of US$1304.5 mn by the end of 2025 from an estimated US$658.5 mn by the end of 2017.

Europe to Continue Holding Massive Share in Global Market’s Revenue

In terms of geography, the food safety testing market in Europe is expected to dominate the global market in terms of revenue contribution throughout the report’s forecast period. The regional market is expected to exhibit a promising CAGR of 9.3% over the report’s forecast period, continuing to retain its top spot in terms of revenue contribution as well as rate of growth as compared to other regional markets. In terms of type of contaminants, including pathogens, genetically modified organisms, chemicals, and toxins, the global market is expected to be dominated by the segment of pathogens over the forecast period. The segment is estimated to account for 42.5% of the global food safety testing market in 2017.

Rising Instances of Food Contamination to Remain Key to Demand

A number of factors have contributed towards establishing the market for food safety testing as one of the most important segment of the global food and beverages industry in the past few years. Factors such as the rising incidences of food contamination, the consecutive rise in demand for food safety testing tools and mechanisms from food manufacturers, and the rising production of genetically modified organisms-based foods and food products have helped the market thrive across the globe.

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The rising increasing awareness about foodborne diseases and various technologically advanced techniques and equipment deployed for food safety testing is also boosting the market. The vast rise in the population of individuals that are highly susceptible to food contaminations, including children aged five years and below, geriatrics, and people suffering from chronic disease such as diabetes, cancer, and AIDS, is also contributing to the overall development of the global good safety testing market. “According to a report by the World Health Organization (WHO), over 600 million people globally across the globe suffered from foodborne diseases or food contamination in 2010,” notes the lead author of the report.

Lack of Uniform Regulatory Guidelines to Hamper Growth Prospects

Despite having excellent growth opportunities, certain factors could hamper the growth of the global food safety testing market over the forecast period. These include the lack of uniformity in global regulatory guidelines and the lack of adequate infrastructure and testing laboratories in developing countries. Different regions have different guidelines for trading of consumer goods including food and feed, agricultural products, and other products. This is expected to adversely affect the growth of the global food safety testing market. Also, owing to the allocation of low budget and resources to food testing laboratories in developing countries, upgrades to food testing equipment and software are not easily achieved. This factor could also hamper the growth of the global food safety testing market to a certain extent.

This review of the global food safety testing market is based on a recent market research report published by Transparency Market Research, titled “Food Safety Testing Market (Contaminants- Pathogens, Genetically Modified Organisms, Chemicals, and Toxins; End-use - Food, Agriculture, and Environment; Technology - q-PCR and d-PCR) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025.”

For the study, the market has been segmented as follows:

Global Food Safety Testing market - By End-use

Food

• Snack Foods
• Meat, Poultry & Sea Food
• Dairy Products
• Bakery & Confectionery
• Fresh & Frozen Fruits & Vegetables
• Frozen Foods
• Others

Agriculture

• Crops
• Seeds

Environment

• Water Testing
• Pesticide & Residue Analysis
• Soil Testing

Global Food Safety Testing market - By Technology

• q-PCR-Based Testing
• d-PCR-Based Testing