Food and Beverages

Food Safety Testing Market is Expected to Reach USD 43.37 Billion by 2031

May 2024

Food and Beverages

As per the report published by Kings Research, the global Food Safety Testing Market was valued at USD 22.56 billion in 2023 and is projected to reach USD 43.37 billion by 2031, growing at a CAGR of 8.53% from 2024 to 2031.

The global food safety testing market is experiencing robust growth, fueled by increased consumer concerns regarding foodborne illnesses and a growing demand for transparency in food production processes, which are driving the adoption of stringent food safety regulations worldwide. This, in turn, necessitates comprehensive testing of food products at various stages of the supply chain.

In addition to regulatory mandates, the expansion of the market is propelled by advancements in testing technologies. The emergence of rapid microbiological testing methods and the integration of automation and robotics are streamlining the testing process, enhancing efficiency, and facilitating quicker turnaround times. Additionally, the burgeoning popularity of organic and minimally processed foods necessitates targeted testing solutions to ensure safety without compromising the ‘clean label’ status.

Furthermore, the increasing prevalence of e-commerce in the food industry necessitates robust testing strategies to address the challenges associated with complex, globalized supply chains. The integration of rapid on-site testing technologies and blockchain-powered traceability systems holds promise in mitigating these risks and ensuring food safety.

Key Insights

  • Based on testing type, the pathogen testing segment held the largest market share of 47.93% in 2023
  • Based on technology type, the Immunoassay-based segment generated the highest revenue of USD 8.99 billion in 2023
  • On the basis of region, North America is projected to grow at a prominent CAGR of 8.20% over 2024-2031

Neogen’s Acquisition Strategy Advances Its Data Analytics Segment in Food Safety

February 2023: Neogen completed the acquisition of the technology platform and assets of Corvium, Inc., a Virginia-based company that offers software supporting Neogen Analytics. The advanced cloud-based Environmental Monitoring Program (EMP) software, developed by Corvium, Inc., integrates with both the AccuPoint Advanced NG and ANSR systems, enabling users to establish food safety systems that minimize risk and enhance compliance.

Growing Demand for Organic and Locally Sourced Produce to Aid Food Safety Testing Market Growth

The increasing consumer preference for organic and locally sourced produce is a significant factor shaping the food safety testing market landscape. Consumers are increasingly concerned about the origin and quality of their food, which is driving demand for products that are perceived as healthier, environmentally sustainable, and ethically sourced. This trend is further supported by a growing awareness of the potential health risks associated with conventional farming practices, including pesticide residues and genetic modification. As a result, food manufacturers and retailers are under pressure to meet consumer expectations by offering certified organic and locally sourced products. This trend necessitates rigorous testing and certification processes to ensure compliance with organic standards and verify the authenticity of locally sourced ingredients, thereby fueling the demand for food safety testing services and solutions.

Developing Rapid On-Site Testing Kits for Allergens to Offer Lucrative Growth Opportunities

The development of rapid on-site testing kits for allergens is presenting a potential opportunity for the food safety testing market growth, driven by the increasing prevalence of food allergies and intolerances. Allergen contamination poses serious health risks for individuals with allergies, highlighting the need for accurate and timely detection methods to prevent adverse reactions. Traditional laboratory-based testing methods often entail lengthy turnaround times and logistical challenges, making on-site testing kits an attractive solution for food manufacturers, retailers, and food service establishments. These kits enable quick and convenient allergen testing directly at the point of production or sale, facilitating prompt decision-making and risk mitigation. As allergen regulations become more stringent and consumer demand for allergen-free products rises, the market is expected to grow significantly, driving innovation and competition among manufacturers.

Expansion into Emerging Markets to Foster Food Safety Testing Market Growth

The expansion into emerging markets presents promising prospects for the development of the food safety testing market, driven by globalization, urbanization, and increasing consumer purchasing power in developing regions. As these markets undergo rapid economic growth and dietary transitions, there is a growing demand for safe and high-quality food products. However, the lack of robust food safety infrastructure and regulatory frameworks in several emerging markets poses challenges for food manufacturers and exporters seeking to enter these markets. Due to this, there is a growing need for food safety testing services and solutions to address regulatory compliance, mitigate foodborne risks, and build consumer trust. Market players are actively expanding their presence in emerging markets by establishing partnerships, investing in infrastructure development, and offering tailored testing solutions to meet the unique needs and challenges of these markets. This presents significant growth opportunities for the food safety testing market as it aims to capitalize on the expanding global food trade and address the evolving needs of consumers worldwide.

North America to Account for 40.31% Revenue Share by 2031 due to Stringent Regulatory Standards 

Based on region, the global food safety testing market is classified into North America, Europe, Asia Pacific, MEA, and Latin America. North America accounted for a prominent market share in 2023 and is projected to generate revenue of USD 11.84 billion by 2031. This growth is mainly driven by stringent regulatory standards, increased consumer awareness, and technological advancements. The region's robust food safety regulations, such as the Food Safety Modernization Act (FSMA) in the United States, mandate comprehensive testing protocols throughout the food supply chain, thereby fostering demand for testing services and solutions. Moreover, high-profile foodborne illness outbreaks, such as the E. coli contamination in romaine lettuce in 2018, have underscored the importance of rigorous food safety measures, prompting increased investment in advanced testing technologies. Additionally, consumer preferences for organic and minimally processed foods, coupled with growing concerns over allergen labeling and genetically modified organisms (GMOs), drive the need for accurate and reliable testing methods in North America. As a result, the region is expected to continue to experience robust growth in the food safety testing market.

Prominent Companies Forge Agreements to Enhance Industry Presence

The global food safety testing market is fragmented with key players such as Neogen Corporation, Mérieux NutriSciences Corporation, R-Biopharm, AsureQuality, QIAGEN, SGS SA, Eurofins Scientific, NSF, Bureau Veritas, Intertek Group plc and others. Companies employ a variety of strategic measures such as acquisitions, mergers, partnerships, product introductions, and collaborations to expand their business globally and enhance their competitive position.

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