Overview of the Global Food Safety Testing Market to 2027 – Featuring ALS Limited, Eurofins Scientific and 3M among others


DUBLIN, December 01, 2021– (BUSINESS WIRE) – “Food Safety Testing – Global Market Trajectory and Analysis” report has been added to ResearchAndMarkets.com offer.

Amid the COVID-19 crisis, the global food safety testing market, estimated at US $ 17.4 billion in 2020, is expected to reach a revised size of US $ 25.8 billion by 2027, with a CAGR of 5.8% over the 2020-2027 analysis period.

Microbiological testing, one of the segments analyzed in the report, is expected to register a CAGR of 5.6% and reach $ 7.1 billion by the end of the analysis period. After an initial analysis of the business implications of the pandemic and its induced economic crisis, the growth of the residue and contamination testing segment is readjusted to a revised CAGR of 6% for the next 7-year period.

The US market is estimated at $ 3.7 billion, while China is expected to grow at 7.3% CAGR

The food safety testing market in the United States is estimated at US $ 3.7 billion in 2020. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 1.7 billion by 2027 , after a CAGR of 7.3% over the analysis period 2020 to 2027. Other notable geographies include Japan and Canada, each forecasting growth of 5.1% and 5.3% respectively over the period 2020-2027. In Europe, Germany is expected to grow by around 5.6% CAGR.

Chemical and Nutritional Testing Segment to Record 5% CAGR

In the global chemical and nutritional testing segment, the United States, Canada, Japan, China and Europe will lead the estimated 4.9% CAGR for this segment. These regional markets representing a combined market size of US $ 2.6 billion in 2020 will reach a projected size of US $ 3.7 billion by the end of the analysis period. China will remain among the fastest growing countries in this group of regional markets. Led by countries like Australia, India and South Korea, the Asia-Pacific market is expected to reach US $ 2 billion by 2027, while Latin America will grow at a CAGR of 5 , 7% during the analysis period.

Selected Competitors (Total 68 featured) –

  • ALS Limited

  • Bureau Veritas SA

  • DTS Food Insurance

  • Eurofins Scientific

  • Food chain identification test

  • ifp Institut fur Produktqualitat GmbH

  • Intertek Group PLC

  • Mérieux NutriSciences

  • Microbac Laboratories, Inc.

  • Neogen Corporation

  • Romer Labs, Inc.

  • SGS SA

  • 3M Company

  • Biolog, Inc.

  • Charm Sciences, Inc.

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • Overview of the influencer market

  • Global market trajectories

  • Impact of COVID-19 on the food safety testing industry

  • Growing risk of food fraud is a major concern for food companies

  • Growing Need for Universal Food Safety and Food Safety Regulatory Reforms

  • United States implements safety standards for food safety businesses

  • The FDA’s New Era for Smarter Food Safety

  • Food labeling requirements temporarily relaxed in the United States

  • Food safety appears to be a major concern for public health systems

  • Growing emphasis on safe, high-quality foods is propelling the food safety testing market

  • An overview of the food testing market

  • Growing Need To Combat Foodborne Illness Boosts Food Safety Testing Market

  • Developed economies dominate the food safety testing market

  • Developing economies will spearhead future market growth

  • Leader in the microbiological testing segment, GMO tests are about to post strong growth

  • Growing Threat Of Pathogen Contamination Drives Growth Of Pathogen Testing Market

  • Comparison of analysis methods for foodborne pathogens

  • E. coli Testing Market: Technological Advancements Driving Growth

  • GMO Tests: The Fastest Growing Category of Tests

  • Pesticide Residue Testing Market Benefits From Growing Need To Limit Pesticide Residues In Food Supply Chain

  • Meat, poultry and seafood: the largest end-use segment

  • Rapid testing gains in preference over traditional food testing procedures

  • Traditional test technologies continue to dominate

  • Major food processors prone to rapid microbiological testing

  • Competitive landscape

  • Key brands in the food testing market

  • Recent market activity

2. FOCUS ON CERTAIN PLAYERS

3. MARKET TRENDS AND FACTORS

  • Increase in Number and Complexity of Foodborne Outbreaks and Product Recalls: Food Safety Testing Market Positioned for Growth

  • Foodborne Illness Outbreak Investigations in the United States (2019 and 2020)

  • Growing food requirements of expanding global population emphasize food safety

  • Globalization injects universal demand for food diagnostics

  • Highly regulated food and beverage industry presents opportunities for testing market

  • Food Contract Laboratories Outperform Internal Laboratories

  • Outsourcing food safety testing is generating steam

  • Growing Food Microbiology Testing Market

  • Rapid and automated testing: an attractive solution for food processors

  • Emerging technologies are transforming the food safety testing market

  • Food safety tests based on NGS: a technology with strong growth promise

  • Innovative and tested technologies to stimulate growth

4. WORLD MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETETION

For more information on this report, visit https://www.researchandmarkets.com/r/tphnt0

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211201005887/en/

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