Competitive Benchmarking and Vendor Forecasts for 2022-2026
The food safety testing market and it is expected to grow by $ 8115.46 million, accelerating at a CAGR of almost 7.69% during the forecast period. The market is fragmented. The research report provides insights into the top market players and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. Market players must distinguish their product and service offerings through a clear and unique value proposition in order to secure a substantial share of the market. This report will provide a detailed study of the key players with insights into their product portfolio and future pipeline.
ADPEN Laboratories Inc., Agilent Technologies Inc., ALS Ltd., AsureQuality Ltd., Bio Rad Laboratories Inc., bioMerieux SA, Bureau Veritas SA, Campden BRI, Cotecna Inspection SA, DNV Group AS, Element Materials Technology Group Ltd., EMSL Analytical Inc., Eurofins Scientific SE, Food Hygiene and Health Laboratory, FoodChain ID Group Inc., IDEXX Laboratories Inc., Intertek Group Plc, Merieux NutriSciences Corp., Microbac Laboratories Inc., Neogen Corp., PerkinElmer Inc., QIAGEN NV, RJ Hill Laboratories Ltd., Romer Labs Division Holding GmbH, SGS SA, Symbio Laboratories, Thermo Fisher Scientific Inc., TUV NORD AG, and TUV SUD are some of the major participants in the market.
Food Safety Testing Market: Market Highlights
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Customer landscape
Geographic Landscape
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The report provides insights into the following FAQs:
Technavio Evaluates the Importance of Food Safety in the Wake of COVID-19
Food Safety or food hygiene has always been important for consumers as well as businesses, but it is one area which has assumed gargantuan importance in the wake of the COVID-19 pandemic. The focus is now moving towards prevention of food contamination instead of mitigating the impact. This shift was long overdue and has led to a change in how food manufacturing processes are established. The entire process from sourcing of ingredients to packaging and logistics is under scrutiny from both regulators as well as consumers. The Global Food Safety Testing Market has the potential to grow by $ 6.62 bn during 2020-2024, and the market’s growth momentum will accelerate at a CAGR of almost 8%.
Food Safety Testing Market: Receive FREE sample report
This food safety testing market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by Application (Meat and poultry, Fruits and vegetables, Processed foods, Dairy, and Other applications) and Geography (Asia, Europe, North America, and ROW). The food safety testing market report also offers information on several market vendors, including ALS Ltd., AsureQuality, Bio-Rad Laboratories Inc., Bureau Veritas, Charles River Laboratories International Inc., Eurofins Scientific Group, Intertek Group Plc, NEOGEN Corp., QIAGEN NV, and and Thermo Fisher Scientific Inc. among others.
Food Safety Testing Market: Top Drivers to Impact Market Growth
Food Safety Testing Market: Report Highlights:
The COVID-19 pandemic brought about unforeseen struggles for the food & beverage manufacturing industry. Yet, projects moved forward and now a year later we see evidence of growth in the food and beverage industry which is indicative of agility and resilience within this industry. With industry-to-market practices, food safety considerations include the origin of food, food labeling, food hygiene, food additives, and pesticide residues; policies on biotechnology and food; and guidelines for the management of governmental import and export inspection and certification systems for foods.
Technavio market research has analyzed several industries related to food manufacturing and packaging industries which will enable clients to adopt best practices and optimize their businesses. Some of the reports that fall under the purview of food safety and related markets are listed below:
The Food Safety Testing Market report provides insights into the following FAQs:
Food Safety Testing Market Size to Grow by $ 6.62 bn through 2020-2024
Technavio research projects the food safety testing market to grow by $ 6.62 bn, accelerating at a CAGR of almost 8% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Food Safety Testing Market: Key Market Driver
One of the primary factors that will trigger the growth of the food safety testing market size is growing importance of food safety standards. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Food Safety Testing Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ALS Ltd., AsureQuality, Bio-Rad Laboratories Inc., Bureau Veritas, Charles River Laboratories International Inc., Eurofins Scientific Group, Intertek Group Plc, NEOGEN Corp., QIAGEN NV, and and Thermo Fisher Scientific Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
For more insights on this market: Download a Free Sample Report
The Global Food Safety Testing Market and it is expected to grow by USD 6.62 billion, accelerating at a CAGR of almost 8% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. View our Free Sample Report
The growing implementation of food safety standards is one of the significant factors driving the food safety testing market growth. The increasing need for nutritious food has given rise to various food safety standards. For instance, IFS Food is a food safety standard which lists specific compliance requirements related to customer specifications. This helps to maximize transparency, reduce costs, and optimize resources for end-users. FSSC 22000 is another food safety standard related to the processing, manufacture, and handling of a wide range of foods. These standards ensure the implementation of validated and controlled manufacturing processes, which help to minimize risks and augment the manufacturer’s reputation by producing high-quality and safe products. Several market vendors with their network of food testing laboratories, inspectors, and auditors are specialized in providing such certifications to food manufacturers.
During 2020, the meat and poutry segment dominated the market. Frequent recalls, and safety scandals make meat and poultry as one of the highest-risk categories, which necessitate food safety testing. To comply with strict safety regulations, meat and poultry manufacturers must guarantee the safety of their products at every stage, right from farms and processing facilities to distribution centers and stores. These factors have increased the use of food testing solutions such as enzyme-linked immunosorbent assay (ELISA), which is contributing to the growth of the food safety testing market by the meat and poultry segment. However market growth by the meat and poultry segment will be slower than the growth of the market by the fruits and vegetables segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the food safety testing market size.
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ALS Ltd., AsureQuality, Bio-Rad Laboratories Inc., Bureau Veritas, Charles River Laboratories International Inc., Eurofins Scientific Group, Intertek Group Plc, NEOGEN Corp., QIAGEN NV, and and Thermo Fisher Scientific Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio forecasts three scenarios (optimistic, probable, and pessimistic) to evaluate the impact of COVID-19 Download a Free Sample Report. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
