Autonomous Vehicle Testing Is Fastest Growing Segment Fueling The Growth Of Food Safety Products And Testing Market

https://www.coherentmarketinsights.com/market-insight/food-safety-testing-market-753
Food Safety Products And Testing Market



The food safety products and testing market comprises of different products and solutions that helps in ensuring safety of food products. Food safety testing kits are used for testing microbial, chemical and GMO contents in food. These kits helps in detecting pathogens, toxins, and other contaminants.

Market key trends:

One of the key trends in the food safety products and testing market is the growing demand for faster testing methods. Earlier, conventional testing methods used to take 2-7 days to obtain test results. However, with advancement in technologies, rapid testing kits have been developed that can provide results within hours or days. For example, enzyme immunoassays (EIA) and enzyme-linked immunosorbent assay (ELISA) provide results much faster compared to conventional methods. Growing demand for rapid testing from food processors and regulatory agencies is expected to drive the demand for faster testing methods in the market over the forecast period.

The global Food Safety Products and Testing Market Share is estimated to be valued at US$ 1031.96 Mn in 2023 and is expected to exhibit a CAGR of 9.6% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Segment Analysis

The global food safety products and testing market is segmented based on type, technology, and food tested. Based on type, the market is segmented into testing systems, consumables, and accessories & equipment. Among these, the testing systems segment dominates the market as it enables easy detection of pathogens in food products. The segment is expected to continue dominating during the forecast period due to the rising need for rapid testing of food products from manufacturers as well as regulators.

Key Takeaways

The Global Food Safety Products And Testing Market is expected to witness high growth, exhibiting a CAGR of 9.6% over the forecast period, due to increasing foodborne diseases and rising demand for rapid testing technologies.

Regional analysis
North America dominates the global food safety products and testing market with a share of over 30% in 2023 owing to stringent food safety regulations in the region. Asia Pacific is expected to grow at the fastest pace during the forecast period due to rising food demand from the growing population as well as increasing awareness regarding food safety.

Key players
Key players operating in the food safety products and testing market are Intertek Group Plc, SGS SA, Eurofins Scientific SE, Thermo Fisher Scientific, Inc., ALS Limited, Asurequality Limited, Bio-Rad Laboratories, Inc., and Bureau Veritas SA. These players are focusing on new product launches and mergers & acquisitions to strengthen their presence in the market.


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