The food safety testing market size is estimated at USD 21.1 billion in 2022; it is projected to grow at a CAGR of 8.1% to reach USD 31.1 billion by 2027. The implementation of strict regulations by various leading food safety organizations, including the Food Standards Agency, European Food Safety Authority, Food Safety and Standards Authority of India, and Canadian Food Inspection Agency, to prevent consumer illness and food fraud is expected to fuel the growth of the global food safety testing market.
Food Safety Testing Market Drivers: Rising food recalls due to non-compliant food products
A food recall occurs when a food manufacturer removes a product from the market because there is a possibility that it could make consumers ill. Government agencies may ask for or require a food recall in certain circumstances. There are several reasons for food recalls, including but not limited to:
· Discovery of organisms, including bacteria like Salmonella and parasites like Cyclospora.
· Discovery of foreign items, such as metal or broken glass
· Discovery of a significant allergen that is not listed on the product label.
The massive increase in recalls has many causes, but some of them include the increasingly global and complex food supply chain, a few dramatic, large-scale recalls, like the intentional shipment of Salmonella-contaminated peanut products by the Peanut Corporation of America and the recall of over a half billion fresh eggs from Wright County Egg and Hillandale Farms, and the heightened regulatory oversight and media coverage that followed.
Food recalls are primarily a public health concern, but they are also significant economic issues. According to a joint industry study by the Food Marketing Institute and the Grocery Manufacturers Association, the average cost of a recall to a food company is $10M in direct costs, in addition to brand damage and lost sales. According to the Food Safety and Inspection Service (FSIS) of the U.S. Department of Agriculture, Russellville, Arkansas-based Conagra Brands, Inc. recently recalled about 119,581 pounds of frozen beef products because of misbranding and undeclared allergens. An allergy known as egg is included in the product but is not disclosed on the label.
The processed food, by food tested segment is projected to account for the second largest market share in the Food safety testing market during the forecast period.
The increase in consumption of processed food in the form of convenience food, both in developing and developed countries, is creating a significant opportunity for convenience food testing. Ready-to-eat or minimally processed foodstuffs of plant and animal origins have become very popular among consumers. This is mainly because of their fast-paced lifestyle, changing tastes and preferences, and modernization of food technologies.
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The PCR based testing, by Rapid technology segment is estimated to account for the largest market share in the Food safety testing market during the forecast period.
Nowadays, any food producer can now set up a PCR laboratory almost next to the production line and utilize the same food production staff to do the testing; this is mainly because of recent developments in closed tube and automated PCR and the accessibility of reasonably inexpensive kits and equipment. Furthermore, the automation of PCR setup enhances throughput and reproducibility while greatly reducing hands-on time and therefore supported the growth of market.
APAC is projected to account for the highest CAGR in the Food safety testing market during the forecast period.
The Asia Pacific food safety market is growing owing to the implementation of stringent rules and regulation regarding food. Governments have put different regulations in place for consumers, producers, and regulators. The market growth in this region is largely driven by rising demand for processed food in emerging and developing nations like India, China, Indonesia, and Thailand, as well as an increase in poisoning outbreaks caused by consumption of contaminated meat and rise in cases of food degradation like contamination, pesticides, and artificial flavouring. In 2007, the APEC Food Safety Cooperation Forum (FSCF), led by China and Australia, was established to improve the technical competence of food safety management and detection practices throughout the food supply chain.
Top Companies in the Food Safety Testing Market
The food safety testing market consists of a few globally established players such as SGS SA (Switzerland), Eurofins Scientific (Luxembourg), Intertek Group plc (UK), Bureau Veritas (France), ALS Limited (Australia), TÜV SÜD (Germany), TÜV Nord Group (Germany), NEOGEN Corporation (US), Mérieux NutriSciences (US), AsureQuality (New Zealand), FoodChain ID (US), R J Hill Laboratories Limited (New Zealand), Microbac Laboratories, Inc. (US), Romer Labs (Austria), and Symbio Laboratories (Australia).
Intertek is a provider of quality and safety services. It caters chemicals, food and health care, government and trade, hospitality and tourism, energy and commodities, product and retail, construction and engineering industries. It operates through three business divisions, namely, products, trade, and resources. The company offers food safety testing services through its products division. To assist customers’ Quality Assurance initiatives, Intertek adopts a holistic approach that covers R&D, raw material procurement, component suppliers, production, transportation, distribution and retail channels, and consumer management. Intertek has a global network of over 1,000 laboratories, including 29 state-of-the-art food testing laboratories in Germany, the UK, and China, and expert testing facilities in the US, Canada, India, Vietnam, South Korea, Peru, Sweden, Italy, Chile, Poland, Turkey, Indonesia, Sri Lanka, the UAE, Thailand, Hong Kong, and the Philippines. The company runs via 1,000 locations in 100 plus countries across the world. It has 23 principal subsidiaries, some of which are Intertek Testing Services Shenzhen Ltd. (China), Intertek Testing Services NA Inc. (US), Intertek Testing Services Holdings Limited (UK), Intertek Vietnam Limited (Vietnam), and Intertek Testing Services (Thailand) Limited. Major competitors of the company include SGS (Switzerland), Eurofins (Luxembourg), and Bureau Veritas (France).
Bureau Veritas is one of the forefront players in food safety testing market and is engaged in providing testing, inspection, and certification services in order to fulfil the rising challenges of quality, safety, environmental protection, and social responsibility. The company offers its services through six business verticals—buildings & infrastructure, agri-food & commodities, industry, consumer products, marine & offshore, and certification. The company offers food safety testing services through its agri-food & commodities segment. The company has established a strong network of 400,000 clients. They operate in North America, South America, Europe, the Middle East, Africa, and Asia Pacific through a network of 1,400 offices and laboratories in 140 countries. It has more than 250 subsidiaries, a few of which include BV Australia Pty Ltd. (Australia), BVCPS Germany (Germany), Bureau Veritas India (India), and Bureau Veritas North America Inc. (US). Major competitors of the company include Eurofins (Luxembourg), Intertek (UK), SGS (Switzerland), and ALS Limited (Australia).
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Food Safety Testing Market Segmentation:
This research report categorizes the food safety testing market based on food tested, target tested, technology and Region
Based on Food tested (Revenue, USD billion, 2022 - 2027)
· Meat, poultry, and seafood
· Dairy products
· Processed food
· Fruits & vegetables
· Cereals & grains
· Other food products tested
Based on target tested
· Pathogens
· E. coli
· Salmonella
· Campylobacter
· Listeria
· Others
· Pesticides
· GMOs
· Mycotoxin
· Allergens
· Heavy metals
· Other targets tested
Based on the technology
· Traditional
· Rapid
· Convenience-based
· Polymerase chain reaction (PCR)
· Immunoassay
· Chromatography & spectrometry
Based on the region
· North America
· Europe
· Asia Pacific
· RoW (South America, Middle East & Africa)
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