Food safety testing is crucial for ensuring safe and high-quality food products. It encompasses applications like pathogen detection, allergen testing, pesticide residue analysis, GMO testing, and food fraud detection. The key features include accurate and reliable testing methods, rapid turnaround time, and adherence to regulatory standards. Food safety testing is used to prevent foodborne illnesses, protect consumers with allergies, ensure compliance with safety regulations, maintain product integrity, and build consumer trust in the food industry.
According to Data Bridge Market Research, Singapore, Malaysia, Philippines, India, Thailand, Vietnam, Indonesia Food Safety Testing Market accounted for USD 29,693.35 million in 2022 and is expected to reach USD 55,368.75 million by 2030. The market is expected to grow with a CAGR of 8.1 % in the forecast period of 2023 to 2030.
“Rise in food-borne illness cases boosts the market’s growth”
The rise in food-borne illness cases in Singapore, Malaysia, Philippines, India, Thailand, Vietnam, and Indonesia has significantly boosted the growth of the food safety testing market in these countries. Heightened consumer awareness about food safety and increasing regulatory scrutiny have driven the demand for robust testing solutions. Food safety testing helps ensure the quality and safety of food products, preventing outbreaks and protecting public health. As a result, there is a growing emphasis on implementing stringent food safety regulations, leading to the expansion of the food safety testing market in these countries.
What restraints the growth of Singapore, Malaysia, Philippines, India, Thailand, Vietnam, Indonesia food safety testing market?
“High cost restraints the market’s growth”
The high cost associated with food safety testing has been a restraining factor in the growth of the food safety testing market in Singapore, Malaysia, Philippines, India, Thailand, Vietnam, and Indonesia. The expenses involved in establishing and maintaining testing laboratories, acquiring advanced equipment, and conducting comprehensive testing can be significant. This cost burden can limit the adoption of food safety testing, especially among small and medium-sized enterprises (SMEs) with limited financial resources. To accelerate market growth, efforts should focus on promoting affordable testing solutions and facilitating access to testing services for all stakeholders in the food industry.
Segmentation: Singapore, Malaysia, Philippines, India, Thailand, Vietnam, Indonesia Food Safety Testing Market
The Singapore, Malaysia, Philippines, India, Thailand, Vietnam, Indonesia food safety testing market is segmented on the basis of type of test, site, technology, application, testing type, and target tested.
- On the basis of type of test, the Singapore, Malaysia, Philippines, India, Thailand, Vietnam, Indonesia food safety testing market has been segmented into genetically modified organism testing, allergen testing, chemical and nutritional testing, residues and contamination test, microbiological testing, food safety testing, food authenticity testing, chemical, and toxins, food shelf-life testing.
- On the basis of site, the Singapore, Malaysia, Philippines, India, Thailand, Vietnam, Indonesia food safety testing market has been segmented into in-house/internal lab, outsourcing facility.
- On the basis of technology, the Singapore, Malaysia, Philippines, India, Thailand, Vietnam, Indonesia food safety testing market has been segmented into traditional, rapid, chromatography and spectrometry.
- On the basis of application, the Singapore, Malaysia, Philippines, India, Thailand, Vietnam, Indonesia food safety testing market has been segmented into animal feed and pet food, agar culturing, pcr based assay, immunoassay based food, cereals and grains, pulse, food and vegetables, oilseed and pulses, seafood, dairy, processed food, nuts, bakery and confectionary, infant food, alcoholic and non-alcoholic, beverages.
- On the basis of testing type, the Singapore, Malaysia, Philippines, India, Thailand, Vietnam, Indonesia food safety testing market has been segmented into system, test kits, consumables.
- On the basis of target tested, the Singapore, Malaysia, Philippines, India, Thailand, Vietnam, Indonesia food safety testing market has been segmented into pathogens, pesticides and residue testing, gmos, mycotoxin, allergens, residues and containment, chemical and nutritional, shelf life, heavy metals, others.
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Recent Developments
- In May, Biomerieux's acquisition of Specific Diagnostics, a privately held company specializing in antimicrobial susceptibility testing, enabled Biomerieux to strengthen its global leadership position.
- In April, FOSS introduced targeted adulteration models, which enable milk-testing facilities to program their test instruments to specifically screen raw milk samples for known sources of adulteration.
The Prominent Key Players Operating in the Singapore, Malaysia, Philippines, India, Thailand, Vietnam, Indonesia Food Safety Testing Market Include:
- Eurofins Scientific (Luxembourg)
- Shimadzu Corporation (Japan)
- Thermo Fisher Scientific Inc. (U.S.)
- PerkinElmer Inc. (U.S.)
- FOSS (Denamrk)
- ALS (U.S.)
- LexaGene (U.S.)
- ROKA BIO SCIENCE (U.S.)
- Biorex Food Diagnostics (BFD) (U.K.)
- Randox Laboratories Ltd.(U.K.)
- Omega Diagnostics Group PLC (U.K.)
- 3M (U.S.)
- Clear Labs, Inc. (U.S.)
- Invisible Sentinel (U.S.)
- Ring Biotechnology Co Ltd. (China)
- bioMérieux, Inc (U.S.)
- Agilent Technologies, Inc. (U.S.)
- NEOGEN Corporation (U.S.)
- Spectro Analytical Labs Pvt. Ltd. (India)
- Noack Group (Austria)
Above are the key players covered in the report, to know about more and exhaustive list of Singapore, Malaysia, Philippines, India, Thailand, Vietnam, Indonesia food safety testing market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Singapore, Malaysia, Philippines, India, Thailand, Vietnam, Indonesia Food Safety Testing Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
