Global Food Safety Testing Market Anticipated Growing at a 7.7% CAGR

CHICAGO, Nov. 04, 2019 (GLOBE NEWSWIRE) — According to the study titled, “ by Target Tested (Pathogens, Pesticides, GMOs, Mycotoxin, and Allergens), Technology (Traditional and Rapid), Food Tested (Meat, Poultry, Seafood, Dairy, Processed Foods, and Fruits & Vegetables), and Region-Global Forecast to 2023” launched by MarketsandMarkets, the global food safety testing market size is expected to grow from an estimate of USD 17.0 billion in 2018 to USD 24.6 billion by 2023.

The development in the food safety testing market is attributed to the worldwide increase in the number of outbreaks of foodborne illnesses, the implementation of stringent food safety regulations, and the globalization of food supply. According to the Centers for Disease Control and Prevention (CDC), in 2018, nearly 48 million people in the US were affected by foodborne illnesses, with 128,000 hospitalized and 3,000 dying. In the US, foods with the highest chance of poisoning are meat products. Furthermore, in the UK, around 1 million people suffer from foodborne illness, and nearly 20,000 people receive medical treatment for foodborne diseases every year. Additionally, approximately 500 death cases have been reported due to food poisoning each year, costing close to USD 2.0 billion.

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The North American market has been growing consistently over the past few years. However, the increase in concerns of food poisoning and toxicity and the introduction of new testing services and products by key market players have fueled the growth of the European food safety testing market. Asia Pacific is likely to witness tremendous growth in the near future. The RoW region is in the development phase and has been witnessing increasing consumer awareness, due to better testing services, which is expected to drive the market growth.

European healthcare systems spent billions of euros as a consequence of contaminant-driven illnesses. The UK government has started schemes such as no-fault compensation to families diagnosed with foodborne diseases. Consumers and regulatory bodies scrutinize food manufacturers, making it a mandate to provide more information about pathogens in their products. This has assisted in laying down food safety regulations and developing specificity of demand. The National Food Control System has approved the protection of the domestic consumer‘s health and assurance of exported food safety and quality. Though food safety has shown alarming signs across the world, some countries have been negligent in testing food for contaminants. In such cases, governments need to take steps to set food safety testing mechanisms. Nevertheless, this situation is expected to be tackled by the growing efforts of regulations, companies, and other partners of the food safety system.

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In 2018, the pathogens segment led the global food safety testing market. Increasing instances of food contamination and foodborne poisoning are significant reasons for the growth of the pathogen testing market. However, is anticipated to witness the highest growth during the forecast period. An increase in consumer awareness for genetically modified organisms in food, stringent regulatory restrictions on GMOs, and efficient technology trends are expected to drive the global market for GMO testing.

The meat, poultry, and seafood segment is estimated to dominate the food safety testing market in 2018. However, the fruits & vegetable segment is anticipated to witness the fastest growth as they are highly susceptible to microbial & other contaminations, along with the increasing number of tests as they are used extensively as ingredients. Stringent government policies & regulations for meat, poultry, and seafood products and assurance of safe meat to consumers have led to consistent food safety testing with checkpoints at different stages to eliminate any incidences of meat contamination.

In 2018, rapid technology is estimated to dominate the food safety testing market for food safety testing. The segment is also anticipated to grow at a higher CAGR from 2018 to 2023 as compared to the traditional technology segment. Low turnaround time, higher accuracy, sensitivity, and ability to test a wide range of contaminants in comparison to traditional technology are expected to drive the .

Bureau Veritas (France), Eurofins Scientific (Luxembourg), SGS SA (Switzerland), Intertek Group plc. (UK), ALS Limited (Australia), Merieux (US), TUV SUD (Germany), TUV Nord Group (Germany), Microbac Laboratories (US), Romer Labs (Austria), AsureQuality (New Zealand), FoodChain ID (US), Neogen (US), and Symbio Laboratories (Australia) dominate the global food safety testing market. The presence of several players has resulted in the fragmentation of the global food safety testing industry landscape.

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