Food Safety Testing Market: Implementation of Strict Food Safety Rules Bolsters Development of Market

The global food safety testing market has been projected in a report by Transparency Market Research (TMR) to hold a tellingly fragmented nature owing to the presence of a number of small and medium-sized firms competing against the big giants in the business. According to the researchers, it could be significantly unlikely for a player to come under consolidation. Only a 20.0% of the total market share had been bagged by five leading companies of the industry in 2016. Players could offer premium services to leverage new opportunities from the potential market landscape for budding firms. Thermo Fisher Scientific Inc., SGS S.A., and Eurofins Scientific SE are few of the prominent names in the market.

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TMR has prognosticated the global food safety testing market to post an 8.9% CAGR during the forecast tenure 2017-2025 to bag revenue earnings worth a more than US$1.3 bn by 2025. In 2017, the market had been worth a US$0.6 bn. In 2017, pathogens surpassed all other segments by the contaminant classification while accounting for a colossal share of 42.5%. By region, Europe could continue with its dominance in the market considering its 36.3% share attained in 2017.

Market Rests Hopes on Globalization of Food Supply Chain to Attract Demand

Globalization of food supply chain has been anticipated to be one of the most significant factors augmenting the demand for food safety testing in the current time. The world food safety testing market could gain impetus on the back of the implementation of stringent food safety regulations by a number of regulatory authorities. There has been a rise in the demand for different methods to keep foods safe due to the rising prevalence of diseases spread through food contamination. Moreover, food safety has gained a whole lot of prominence in the recent years because of increasing awareness created with the use of media.

While the above factors have been expected to substantially catapult the growth of the world food safety testing market, there could be other reasons projected to improve growth in the coming years.

Unavailability of Ideal Infrastructure for Food Administration Dents Growth

Lack of proper food administration infrastructure could paralyze the growth of the international food safety testing market in the near future. Moreover, limitations on the part of resources required for arranging a controlled food infrastructure and a related safety environment could hamper market growth as predicted by TMR analysts. Yet, there could be more factors hindering the demand for food safety testing. For instance, today, people are unaware about the harmful consequences of ignoring food safety tests.

However, the advent of new and advanced technologies for food safety testing could accelerate growth in the coming years. Furthermore, there could be some rewarding prospects available in developing economies as a result of improving awareness about food safety testing.

The information presented in this review is based on a TMR report, titled “Food Safety Testing Market (Contaminant - Pathogens (Bacteria, Viruses, and Funguses), Genetically Modified Organisms, Chemicals, and Toxins; End Use - Foods (Snack Foods, Meat, Poultry, and Sea Foods, Dairy Products, Bakery and Confectionery, Fresh and Frozen Fruits and Vegetables, and Frozen Foods), Agriculture (Crops and Seeds), and Environment (Water Testing, Pesticide and Residue Analysis, and Soil Testing); Technology - q-PCR-based Methods and d-PCR- based Methods) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025.”

Key Takeaways

• Limited resources available for setting up a controlled food infrastructure impede market growth.
• New and advanced technologies significantly accelerating testing processes create lucrative opportunities.

Food Safety Testing Market To Reach Worth US$1.3 bn by 2025

Global Food Safety Products and Food Safety Testing Market: Overview

Food safety is a highly documented effort conducted across the world in many ways. Players in the global food safety products and food safety testing market are constantly required to be on their toes regarding policy changes and implementations, strictly adhering to the regulatory framework set up by known organizations such as the Food and Drug Association.

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This research on the global food safety products and food safety testing market is specially designed to estimate and analyze its demand and performance parameters. The report provides in- depth analysis for each segment of the global food safety products and food safety testing market in terms of revenues, manufacturer details, sales, key market trends, and geography based demand charts. Company profiles included in the report provides, company and financial overview, strategies adopted by the companies and their recent developments.

Global Food Safety Products and Food Safety Testing Market: Trends and Opportunities:

The growing cases of foodborne diseases across the world is currently the leading factor pushing for the growth and development of the global food safety products and food safety testing market. The market also benefits massively from the growing rate of awareness among consumers regarding better hygiene standards for food purchase, storage, consumption. The developed of technologies further facilitates for a solid growth rate in the global food safety products and food safety testing market, in terms of creating tests that are easy to conduct and provide a high level of accuracy.

The overall growth of the food industry and the food processing industry, attributed to the globally increasing population and the growing demand for foods, especially convenience foods. The current rate of increase in the global demand for food and beverage diagnostics suggest a consistently high rate of growth for the market segment, owing to a steady incline in global convenience and packaged food demands. However, the global food safety products and food safety testing market is currently being stifled by the greater lack of awareness of consumers and industry counterparts regarding the newer technologies diagnostics available in emerging economies, as well as their relatively disorganized regulatory frameworks regarding food safety.

Global Food Safety Products and Food Safety Testing Market: Region-wise Outlook:

Emerging markets are highly likely to become the key lookouts for players from the global food safety products and food safety testing market over the coming years. Nations such as such as India and China are expected to provide players, both regional as well as the globally prominent, noteworthy opportunities, supplemented by increasing government support. The food processing sectors in these regions are also being imposed with stricter hygiene standards, which when combined with the healthy growth of food trade, and the rising preference for convenience foods, has created a massive range of opportunities in the global food safety products and food safety testing market.

Meanwhile, Europe has been leading the global food safety products and food safety testing market in the recent past, thanks to highly stringent regulatory policies implemented by national governments when it comes to food safety. The region is also the hub for several of the leading players in the market and their development centers, thereby allowing Europe to avail advanced technologies in the market at a faster rate. Driven by rising emphasis on the food quality, the food safety products and food safety testing market in North America has also been expanding to a great extent.

Companies Mentioned in the Research Report:

The leading players in the global food safety products and food safety testing market over recent times, include Biocontrol Systems Incorporated, Thermofischer Scientific, Biomerieux SA, Roka Bioscience, 3M Company, Agilent Technologies Incorporated, Bio-Rad Laboratories Incorporated, Douglas Scientific, IDDEX Laboratories INC, EL DU Pont De Nemours & Co. and Ecolab Incorporated.

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.

Food Safety Testing Market: Increasing Awareness among Consumers & Reduced Time for Testing to Propel Market Growth

The global market for food safety testing is a highly fragmented one due to presence of several small and medium sized companies that are competing with large players. In 2016, the top five players in the global food safety testing market accounted for mere 20% of the overall share in the market and it is highly unlikely for any company to come under consolidation. That being mentioned, the players in operating in the global market are expected to benefit from the new opportunities by offering premium services in the potential market landscape of upcoming companies. Some of the key players in the global food safety testing market include names such as Eurofins Scientific SE, SGS SA, Thermo Fisher Scientific Inc., Bio-Rad Laboratories, and Intertek Group Plc. among others.

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The global market for food safety testing stood at an overall valuation of US$0.685 bn in the year 2017. However, the valuation is expected to rise significantly and reach a figure worth US$1.3 bn over the course of the given forecast period of 2017 to 2025. This growth is expected to be achieved with the help an impressive CAGR of 8.9% over the same period of forecast. The key players in the global food safety testing market are expected to concentrate upon more attention from the consumers by keeping a close eye on the rapidly altering patterns of testing, enhancing their products at the same time so as to offer precise tests. Establishing a strong brand is also projected to aid these market players to sustain their client base.

Implementation of Strict Rules for Food Safety to Drive Market Growth

There are a various factors that are vital for the growth of the global food safety testing market. One of the important factors responsible for driving the development of the global food safety testing market include globalization of supply chain of food. Implementation of strict food safety rules by various regulatory agencies is also expected to drive the overall development of the global food safety testing market. This, backed by growing incidences of outbreaks and diseases spread through food is also driving the demand for ways of keeping food safer. In addition to this, media impact on the customers is creating more awareness about the safety of food. It is expected to considerably propel the growth of the global market for food safety testing. Furthermore, with upcoming new and advanced technologies which have significantly accelerated the processes of testing is also helping in augmenting the growth of the global market.

Lack of Food Control Infrastructure to Hamper Market Growth

However, there are certain factors that may have a negative impact on the growth of the global food safety testing market. One of the key restraining factor for the growth of the global market is the lack of a clear infrastructure for food administration. In addition to this, resources available for setting up a controlled food infrastructure and related safety environment is also limited. It is also expected to significantly hamper the growth of the global market for food safety testing. Furthermore, there is a limited awareness among the customers about the hazardous effects of skipping safety tests on food.

Nonetheless, the players in the global market for food safety testing are expected to benefit from the new opportunities that are expected to arise in the emerging markets as well the increasing awareness among customers.

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