Pre and Post COVID-19 impact overview of the Global Food Safety Testing Market
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As per a Research Dive latest report, the global food safety testing market is estimated to generate $32,100.0 million
and grow at a CAGR of 7.3% during the forecast period from 2019 to 2026.
Europe food safety
testing market is projected to have dominant position throughout the forecast
period mainly due to the increasing occurrence of food borne diseases coupled
with the growing demand for food testing in the region.
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Market Dynamics
The growing awareness
of consumers regarding food safety is the major factor projected to boost the
growth of the global food safety testing market over the forecast period. In
addition, the rising penetration of population across the globe is another
factor expected to propel the market growth by 2026. Moreover, the emergence of
new techniques such as Bio-Electric Tongue and other innovative techniques
developed by manufacturers to test food is expected to create lucrative
opportunities for the global market growth in the upcoming years. Conversely,
the increasing population across the globe and the desire of consumers for ready-to-eat
food have stemmed in a longer as well as more complex food chain, which is
estimated to hinder the market growth in the projected period.
Key Segment Takeaways of the Market:
The report
segments the global food safety testing market into Technology, Type,
Contamination, and Region.
·
By technology, the overall
market is bifurcated into rapid and traditional. Of these, the rapid technology segment is predicted to
grow at a significant rate by the end of 2026 owing to growing incidences of
food borne diseases.
·
By type, the global market is
segmented into meat, seafood, poultry, dairy, grain, cereal, processed food,
and pulse. Among these, the meat, seafood, and poultry segments are anticipated
to witness significant growth during the forecast period mainly because these
food products can be simply observed during packaging and processing.
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·
By contamination, the global
market is classified into toxins, chemicals, pathogens, and others. Among
these, the pathogens segment is
projected to hold the largest share in the global market over the forecast
period mainly due to the ongoing developments in technology.
·
By region, the overall industry
is divided into Asia Pacific, North America, LAMEA, and Europe. The Asia
Pacific and Europe regions are expected to grow at a considerable rate in the
forecast period owing to the increasing healthcare expenditure and growing
prevalence of monogenetic diseases.
Major Market Players
The prominent
players of the global food safety testing market include Bureau Veritas S.A, ALS Limited, DTS Food Laboratories, Covance,
Charles River Laboratories International Inc., Genetic ID, and Eurofins
Scientific. Further, the report outlines several aspects of all these
industry players such as SWOT analysis, recent strategic moves &
developments, financial performance, and product portfolio.
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Research Dive is a market research firm based in
Pune, India. Maintaining the integrity and authenticity of the services, the
firm provides the services that are solely based on its exclusive data model,
compelled by the 360-degree research methodology, which guarantees
comprehensive and accurate analysis. With unprecedented access to several paid
data resources, team of expert researchers, and strict work ethic, the firm
offers insights that are extremely precise and reliable. Scrutinizing relevant
news releases, government publications, decades of trade data, and technical
& white papers, Research dive deliver the required services to its clients
well within the required timeframe. Its expertise is focused on examining niche
markets, targeting its major driving factors, and spotting threatening
hindrances. Complementarily, it also has a seamless collaboration with the
major industry aficionado that further offers its research an edge.
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