Food Safety Testing Systems and Services Market Growth, Opportunities, Forecast 2019-2025

Posted December 15, 2021 by bisrsrch

During the forecast period, food safety testing technologies, such as inductive coupled plasma (ICP) technology, are expected to register the fastest growth rate.
The global market is witnessing an increasing change in the types of systems and services offered, along with a high level of consolidation of players in the regional market. The market is dominated by large corporations that have the wherewithal for expensive systems and technologically advances services that offer accurate and efficient results for food safety.

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The growth in the global market is attributable to the increasing demand for innovative and efficient systems and services for accurate detection of contaminants. This growth can also be attributed to the rising outbreak of foodborne illness, advancements in the usage of the latest technology for food safety testing, stringent regulations, and globalization of food supply.

High growth in the market is driven by the rising awareness among the consumers about the usage of safe food products along with the need to protect the environment. Further, the rising concerns over global food security and sustainability have led to extensive investments by the various governments across the globe. The key players in the global food safety testing market are expanding their product and service offerings by working upon different patterns of testing, enhancing their products to provide better tests.

The systems manufacturers are the players who offer food safety testing products, such as diagnostic kits, HPLC systems, pathogen and toxin testing products, and general lab equipment and supplies to the testing laboratories of the food production companies or a third-party testing laboratory. Some of the established system providers in the industry are 3M, Thermo Fisher, BioMerieux, Merck, Agilent Technologies, and Bio-Rad Laboratories.

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The key service providers operating in the industry are the large food testing laboratories that provide testing services to the food manufacturing companies and the public. The systems and services segment comprises of a huge number of large- and medium-sized laboratories spread across all the regions. Some of the leading players in this sector are SGS, Bureau Veritas, Intertek, TUV SUD, AsureQuality, Eurofins, and ALS Ltd.

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Last Updated December 15, 2021