Food Safety Testing Market-Overview:
The popularity of ready-to-eat food products is likely to create an impetus for the food safety testing market in the upcoming period. The burgeoning growth in the food processing industry is expected to further stimulate the food safety testing market in the forecast period.
The stringent nature of food safety regulations around the world is estimated to bolster the Food Safety Testing Market Size 2023. The food, beverages nutrition reports are made by Market Research Future, which includes market options for advancement. A CAGR of 7.10% is estimated to reinforce the market earnings to reach USD 21.31 Billion by 2030.
Detailed Regional Analysis:
The regional investigation of the food safety testing market includes Europe, Asia Pacific, North America, and other vital regions. The regional market in North America is projected to institute a central share of the food safety testing market in the forecast period. The US is among the foremost backers to the development of the North American food safety testing market. The Altering consumption patterns, prevalent outbreaks of food-borne diseases, developments in food safety science, along with the recognition of new hazards have resulted in numerous initiatives being taken by government agencies such as the FSIS. The role of the agencies has helped in decreasing the occurrence of food-borne diseases, therefore, decreasing the load on the healthcare industry. Also, the European food safety testing market holds a noticeable share of the global market due to the mounting concern of food safety.
Competitive Analysis:
The consumer demand which had slackened due to the pandemic disruption is likely to gain its intensity for growth in the future. The fortifying effects of government policies are estimated further to reduce the achievement of future goals in the market. It is estimated that the factors of the market that were previously not leveraged will be employed to boost the potential of the market in the approaching period. The rivalry in the market is estimated to take a muted course in the progression of the forecast period. The focus on external business factors is further estimated to create promising changes in several areas of the market at a global level in the future. The market is likely to evolve at a relatively stable pace in the course of the forecast period. The benefactors in the market are likely to contribute in a consistent arable manner to the growing requirement in the market. Also, the breakthroughs that have come to fruition in the market are estimated to transform the overall Market development through the coming years.
The renowned companies in the food safety testing market are Microbac Laboratories, Inc. (US), Intertek Group plc (UK), ALS Limited (Australia), Bureau Veritas (US), AsureQuality Ltd. (New Zealand), Neogen Corporation (US), SGS SA (Switzerland), TÜV SÜD (Germany), Eurofins Scientific (Luxembourg), and ADPEN Laboratories Inc. (US).
Industry Updates:
Jul 2020 the delivery boys employed with Swiggy and Zomato in Ranchi, India will have to be scanned for Covid-19 as a preventive measure to prevent the spread of infection among consumers, The health department has supervised deputy commissioners of all regions to carry out COVID tests of vegetable and fruit vendors as they were possible to multiply the infection among a huge number of people.
Segmental Analysis:
The segmental investigation of the Food Safety Testing Market Overview is carried out on the basis of food type, contaminant, technology, and region. On the basis of technology, the food safety testing market is segmented into traditional and rapid. The rapid segment further comprises of Convenience-Based Testing, Immunoassay-Based Testing, PCR-Based testing, and others. Based on the region, the food safety testing market is segmented into Europe, Asia Pacific, North America, and other vital regions. On the basis of food type, the food safety testing market has been segmented into seafood products, cereals grains, meat, processed food, fruits vegetables, poultry, and others. Based on the contaminant, the food safety testing market is segmented into pathogens such as E. coli, Listeria, Salmonella, Campylobacter, and other key segments like toxins, GMOs, pesticides, and others.
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