increase in involvement of government agencies is driving the Food Safety Testing Market
Technavio analyzes that the Food Safety Testing Market is expected to grow at a CAGR of 8.28% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 10.51 billion.There are various factors that contribute to the growth of the market. The Food Safety Testing Market has witnessed significant growth due in part to the increased involvement of government agencies in ensuring food safety and regulatory compliance. Governments worldwide are implementing stringent regulations to safeguard public health, driving the demand for advanced food testing technologies and services. This heightened focus on food safety is expected to continue, providing opportunities for market expansion.
The global food safety testing market in 2023 is dominated by the meat and poultry segment due to the inherent risks associated with these food categories, as evidenced by frequent recalls and safety scandals. To ensure compliance with stringent regulatory requirements and maintain brand reputation, businesses require dedicated physical space, specialized equipment, and skilled staff for food safety testing. This includes solutions for meat identification using ELISA, freshness control using the quality index method and organoleptic checks, and testing for heavy metals, pesticides, biotoxins, and pathogens such as salmonella, campylobacter, listeria, and E. coli. Hidden costs, including ongoing training and certification, must also be factored into the cost-benefit analysis. The integration of advanced technologies, such as real-time PCR and mass spectrometry, is essential to enhance testing capabilities and improve overall food safety.
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Food Safety Testing Market Segmentation
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The Food Safety Testing Market caters to food companies by conducting various food safety tests, including microbiological analysis, to ensure the safety and quality of their products. Microbes such as Listeria and Mould, as well as pathogens, are detected to prevent food poisoning outbreaks. Food production processes and ingredients are scrutinized to meet consumer interests and regulatory standards. In-house laboratories require physical space, specialized equipment, and staffing to carry out these tests efficiently. Turnaround time requirements and hidden costs are critical factors for clients, while new technologies continue to evolve to enhance safety and quality in food consumption. Testing methodologies are continually refined to address food safety and quality issues, and social media scrutiny adds to the pressure for transparency and accountability.
The Food Safety Testing Market is a significant segment of the larger Global Life Sciences Tools and Services Market, which encompasses companies and products involved in the research and development (R&D) of various life sciences tools, instruments, accessories, consumables, and services. This market, valued at USD132.53 billion in 2023, includes offerings for pharmaceuticals and biotechnology, as well as laboratory diagnosis of diseases. More specifically, the Food Safety Testing Market focuses on microbiological analysis, detecting food contaminants such as Listeria, mould, and pathogens, ensuring food safety and quality. This market is expected to grow moderately during the forecast period, maintaining a professional and formal tone in all communications.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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