Globally, the demands for food safety testing are rising at a rapid rate owing to the globalization of the food supply, mass catering, and changing food habits. Food poising outbreaks and stringent government regulations are some of the factors responsible for the growth of the food testing systems market. According to the latest market intelligence report by BIS Research titled, ‘Global Food Safety Testing Systems & Services Market- Analysis and Forecast (2018-2022),’ the market is anticipated to reach $19.63 billion by the year 2022. This significant market growth is attributed to the increase in the number of food-borne illness, rising food recalls, improvement in food testing technologies, and stringent government regulations.
Food safety testing is the infection or contamination testing done in the food production chain to ensure that the food quality and safety are maintained. Polymerase Chain Reaction (PCR) based techniques, immunoassay, rapid culture detection, and biosensors are the major techniques used for the food testing systems and services. With the technological advancement, various new techniques are developed such as gluten sensitivities, food fraud, rapid pathogen detection, and antibiotics, among others. Food safety testing systems are replacing the traditional tests owing to their much better accuracy as compared to the traditional tests. The prominent market players in the global market for food safety testing are expanding their product service offerings by working upon different food testing patterns and technologies.
To sustain in the intensely competitive market for food safety testing systems & services, market players are coming up with various strategies to widen their consumer base as well as to gain popularity. Joint Ventures, new product launches and developments, mergers & acquisitions, business expansions & contracts, and partnerships & collaborations are some of the extensively used strategies by the key market players. TUV SUD, SGS SA, Eurofins Scientific, Bureau Veritas SA, ALS Limited, and Laboratory Corporation of America Holding are some of the noticeable food safety testing service providers in the global market for food safety testing systems and services.
The global market for food safety testing systems can be segmented on the basis of target tested, technology, food tested, and geographical regions. The various target tested are pathogens, residue, allergens, GMO testing, pesticides, toxins, and others. Among target tested, pathogens segment holds a prominent market share, owing to the shift from traditional methods to high price rapid technology-based solutions. Geographically, North America accounted for the highest market share in 2017 due to the increase in outbreaks of foodborne illness, and stringent regulations pertaining to food safety. Asia-Pacific (APAC) is anticipated to register the highest CAGR during the forecast period.
BIS Research has conducted extensive research on the global food safety testing system & services market and compiled the observation and insight in this report. The market intelligence report aims at providing an in-depth analysis of the key development strategies, marketing strategies and market trend dynamics which include drivers, restraints, and opportunities prevailing in the industry.
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