Global Food Safety Testing Market By Testing Type (Pathogens, GMO, Toxins, Pesticides, Others), By Technology (Polymerase Chain Reaction, Immunoassay, Enzyme Linked Immunosorbent Assay, Chromatography, Biochip/Biosensor, Microarrays, Rapid assay, Flow cytometry, Others), By Contaminants (Salmonella, Escherichia coli, Pseudomonas, Bacillus, Moulds, Others), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast to 2025
Global Food Safety Testing Market is expected to reach USD 22,327.02 million by 2025 from USD 12,760.00 million in 2017, at a CAGR of 7.5% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
The major factors contributing to the growth of the market includes factors such as rising outbreak of food borne illness, stringent regulations imposed in food industry, increased globalization of food trade, advancements in technology, rising demand of convenience and packaged food products and augmented incidences of outbreaks of chemical contamination in food processing. On the other hand, lack of infrastructure for food control may hinder the growth of the market.
Market Segmentation: Global Food Safety Testing Market
- The global food safety testing market is segmented based on testing type into five notable segments; pathogens, pesticides, GMO, toxins and others. Pathogens are sub segmented into E.coli, Salmonella, Campylobacter, Listeria and others. In 2018, pathogen segment is estimated to rule with 70.8% shares and will cross USD 15,788.68 million by 2025, rising at the CAGR of 7.5%. However, GMO is expected to grow at the highest CAGR of 8.2% in the forecast period, and is expected to reach USD 3,211.09 million in 2025 from USD 1,740.68 million in 2017.
- The global food safety testing market is segmented based on technology into nine notable segments; polymerase chain reaction, immunoassay, chromatography, enzyme linked immunosorbent assay, biochip or biosensor, flow cytometry, microarrays, rapid assay and others. In 2018, polymerase chain reaction segment is valued to rule with 41.6% shares and will cross USD 9,889.68 million by 2025, rising at the highest CAGR of 8.5%. Chromatography is sub segmented into liquid chromatography, gas chromatography, thin layer chromatography, paper chromatography and column chromatography.
- The global food safety testing market is segmented based on food categories into seven notable segments; processed foods, meat and poultry, dairy products, fruits and vegetables, grains and cereals, seafood and others. In 2018, meat and poultry segment is projected to rule with 30.7% shares and will cross USD 6,953.70 million by 2025, rising at the CAGR of 7.7%. However, fruits and vegetables is expected to grow at the highest CAGR of 8.4% in the forecast period, and is expected to reach USD 5,384.20 million in 2025 from USD 2,883.12 million in 2017.
- The global food safety testing market is segmented based on contaminants into six notable segments; Salmonella, Escherichia coli, Pseudomonas, Bacillus, moulds and others. In 2018, Salmonella segment is likely to rule with 29.9% shares and will cross USD 6,980.73 million by 2025, rising at the maximum CAGR of 8.2%. Each contaminant is sub segmented into different food category such as processed foods, meat and poultry, dairy products, fruits and vegetables, grains and cereals, seafood and others.
- Based on geography, the market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and Middle East and Africa.
Key Drivers: Global Food Safety Testing Market
Some of the major factors driving the market for global food safety testing market are raising outbreak of food borne illness, stringent regulations imposed in food industry, increased globalization of food trade, advancements in technology, rising demand of convenience and packaged food products and augmented incidences of outbreaks of chemical contamination in food processing.
On the other hand, lack of infrastructure for food control may hinder the growth of the market.
Key Points: Global Food Safety Testing Market
SGS SA is going to dominate the global food safety testing market followed by Eurofins Scientific, Bureau Veritas, Bio-Rad Laboratories, Inc. and ALS Limited. Intertek Group plc, TÜV SÜD, TÜV NORD GROUP, AsureQuality, Mérieux NutriSciences, LabCorp, Microbac Laboratories, Inc., Accugen Laboratories, Inc., ADPEN Laboratories Inc., Genetic ID NA, Inc. among others.
- The pathogens segment is dominating the global food safety testing market.
- The Salmonella is expected to grow with the highest CAGR of 8.2% in the forecast period 2018 to 2025.
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