This report is an update of an earlier report (FOD011K) published in 2019. This report provides market insights into the global market for food safety testing, with a specific focus on the global markets. It provides an array of information including market size, expected growth rates, market drivers and restraints, as well as other trends and developments in the market. This report analyzes the market trends of food safety testing with data for 2020, estimates for 2021, projections of compound annual growth rates through 2026 (forecast period of 2021 to 2026), and regional markets of the food safety testing market. The publisher analyzed key categories and regions to determine the present and future food safety testing market status and forecasted market growth from 2021 to 2026.
The major food types tested in food safety testing are meat and poultry, dairy, grains, eggs, fish and seafood, beverages, and other food types. The market for testing every contaminant in food is covered in this report. The revenue forecasts from 2021 to 2026 are explained for each food testing method by technology, food and region. The report also provides a detailed analysis of the major food safety testing product vendors as well as company profiles. It also explains the major market drivers for the global food safety testing market, the current trends within the industry and major end-user industries for the food safety testing market.
Report Includes:
- 70 data tables and 11 additional tables
- An overview of the global markets and technologies for food safety testing
- Estimation of the market size and analyses of market trends, with data from 2021, estimates for 2022-2025, with projections of compound annual growth rates (CAGRs) through 2026
- Coverage of market size for the various testing technologies, and information on how each test satisfies the needs of food processors and, in turn, consumers
- Characterization and quantification of market potential for food safety testing technologies by contaminant, technology, type, food type and region
- Assessment of the sizable expenditures in government food safety testing and the market effect of government regulatory programs
- Identification of new technologies in the food-safety testing industry and analyses of patent activity
- Market share analysis of the key companies of the industry and coverage of their proprietary technologies, strategic alliances and other key market strategies
- Company profiles of the leading market players, including 3M Co., ALS Ltd., Bio-Rad Laboratories Inc., Intertek Group PLC and SGS SA
Table of Contents
Executive Summary
The food safety testing market remains a technologically dynamic and flourishing market in the world primarily due to the increasing cases of foodborne illnesses. Foodborne illnesses can be prevented by using food safety testing methods.
For instance, according to the U.S. Centers for Disease Control and Prevention’s (CDC) Foodborne Diseases Active Surveillance Network (FoodNet), there were 24,484 illnesses, 5,677 hospitalizations, and 122 deaths in the United States in 2017, the most recent year for which data are available.
Reasons for Doing This Study
The principal driving force behind the economic demand for food safety testing is mortality and morbidity due to foodborne illness. In the U.S., where there are somewhat reliable data, the CDC (Centers for Disease Control and Prevention) estimates that 48 million illnesses, 128,000 hospitalizations and 3,000 deaths are linked to foodborne illness annually. However, the number of laboratory confirmed illnesses is far below the actual annual incidence of foodborne illness. With more regulatory laws and guidelines emerging worldwide, the food safety sector is substantially growing. The Food Safety Modernization Act (FSMA) has given the U.S. Food and Drug Administration (FDA) new authority to review records, including details of how critical verification testing is conducted. The new FSMA based inspections have only begun, but it is expected that FDA investigators will be questioning the scientific validity of test results. This may lead to in-depth documentation reviews of the laboratory testing. Customers of ingredient suppliers are also beginning to look closely at how verification testing is conducted. The goal of enacting FSMA is to understand how hazards are being controlled and monitored throughout the supply chain. In many cases, it is expected that ingredients will be tested in an ISO accredited lab or a lab that has been audited and approved.
Companies Mentioned
- 3M Co.
- Als Ltd.
- Asure Quality Ltd.
- Bio-Rad Laboratories Inc.
- Biocontrol Systems Inc.
- Biomedica Gruppe Osterreich
- Biomerieux S.A.
- Biotest AG
- Charm Sciences Inc.
- Covance Inc.
- Elisa Technologies Inc.
- Emsl Analytical Inc.
- Envirologix Inc.
- Eriez Magnetics Inc.
- Eurofins Scientific Inc.
- Food Chek Systems Inc.
- Food Hygiene and Health Laboratory
- Genetic Id Na Inc.
- Global Food Safety Initiative
- Hardy Diagnostics
- Ieh Laboratories & Consulting Group
- Intertek Group plc
- Laboratory Corp. Of America Holdings
- Merieux Nutrisciences Corp.
- Micreos Food Safety
- Micro Identification Technologies Inc.
- Microbac Laboratories Inc.
- Milliporesigma
- Nestle Usa Inc.
- Oceanit Laboratories Inc.
- Perkin Elmer Inc.
- Promega Corp.
- R-Biopharm AG
- Randox Laboratories Ltd.
- Research International Inc.
- Sgs Sa
- Strategic Diagnostics Inc. (Sdix)
- Takara Bio Usa Inc.
- Tuv Sud Ag
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 164 |
| Published | March 2022 |
| Forecast Period | 2021 - 2026 |
| Estimated Market Value ( USD | $ 18.9 Billion |
| Forecasted Market Value ( USD | $ 27.1 Billion |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 39 |
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