Global Food Safety Testing Market: Key Insights on Size, Share, and Industry Trends, Growth.
Markntel Advisors has conducted an in-depth analysis of the Global Food Safety Testing Market, encompassing the forecast period from 2023-28 and utilizing data from the historical span of 2018-21, with 2022 as the base year. Our proficient team of analysts has devoted substantial time to gather and examine the latest market information, ensuring the delivery of a comprehensive and current report. This market research analysis is particularly beneficial for decision-makers relying on data, including business owners and analysts. This research report on market by us serves as a strategic guide for businesses, offering a detailed roadmap to navigate the complexities of the market and capitalize on lucrative opportunities for sustainable Food Safety Testing Industry growth.
What is the current Global Food Safety Testing market size and its projected growth for the Coming Years 2028?
The Global Food Safety Testing Market is expected to grow at a CAGR of around 7.90% during the forecast period, i.e., 2023-28. The growth of the market is projected to be driven mainly by rising consumer concerns over food safety, the mounting incidence of foodborne diseases, significant improvements in inspection technologies, and the growing contamination of various food products.
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What are the Food Safety Testing Market Growth Prospects?
Rapidly Rising Cases of Food-borne Illnesses Worldwide - The world is witnessing a swiftly increasing number of individuals being diagnosed with food-borne illnesses, i.e., the primary aspect projected to drive the Global market during 2023-28. The major reason behind the rising incidence of these illnesses is the consumption of spoiled, contaminated, or expired food items with various microorganisms like fungi, bacteria, viruses, & parasites, among others. Consequently, there's a burgeoning demand for advanced food testing kits, equipment, and systems, which are accurate & can provide quick results in real-time, i.e., projected to stimulate the growth of the food safety testing industry in the years to come.
A Thorough Examination of the Fragmented Food Safety Testing Market
Our research yields valuable insights into crucial Food Safety Testing market trends, consumer behaviour, and competitive landscapes across various industries. We meticulously monitor market trends to illuminate both positive and negative factors that have historically impacted consumer behaviour. Additionally, our report provides an extensive analysis of market challenges and constraints that hindered growth in the past or are expected to emerge during the forecast period.
Name of Leading Food Safety Testing Companies in the Market-
The 3M Company
Agilent Technologies
ALS
Bio-merieux SA
Bio-Rad Laboratories
Bureau Veritas
Eurofins Scientific
Genetic ID NA Inc
Intertek Group
Merck Group
Merieux NutriSciences
Neogen Corporation
Qiagen Corporation
SGS S.A.
Others
Our inclusive coverage of lucrative prospects renders our research analysis valuable for investors and other stakeholders.
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What Segments Are Discussed in the Food Safety Testing Market Report?
The Food Safety Testing Market displays high resilience and fragmentation, comprising numerous segments like:
By Testing Type
Allergen Testing
Residues and Contamination Testing
GMO Testing
Mycotoxin (Fungi) and Microbiological Testing
Pathogen Testing
Toxic Heavy Metals Testing
Others (Chemical or Nutritional Testing)
By Technology
Traditional Technology
Rapid Technology
Molecular Detection System (MDS)
Rapid pathogen testing technology
Rapid Antibody-based Technology
By Application
Food
Dairy Products
Fruits & Vegetables
Seafood, Meat, and Poultry
Processed Food
Cereals & Grains
Others (Nuts and seeds)
Beverages
Water
Alcoholic Drinks
Milk Adulteration
further subdivided into various sub-segments. Recognizing market segmentation is crucial for businesses to tailor their strategies, products, and services to meet the specific needs and demands of their target customers. Through a meticulous analysis of market segments and associated sub-segments, businesses can identify new growth opportunities, forecast market trends, and formulate effective marketing and sales strategies.
On the geographical front, the Food Safety Testing Market expands across the following:
By Region
North America
South America
Europe
Asia Pacific
Middle East and Africa
This geographic segmentation empowers businesses to gain insights into geographical differences in consumer behaviour, preferences, and demand. Such insights can inform decisions related to expansion plans, partnerships, and product localization strategies.
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Gain insights into the industry's size, share, and growth patterns.
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In-depth analysis of factors influencing the industry's growth.
Insights into potential opportunities and development avenues in the Food Safety Testing market.
Understand the current and projected demand dynamics in the Food Safety Testing industry.
Make strategic decisions based on a thorough understanding of Food Safety Testing market demand.
Navigate the competitive landscape confidently with our industry-focused guide.
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