Increasing Number of Foodborne Illnesses Worldwide to Drive the Growth of the Food Safety Testing Market


Posted May 28, 2019 by kmitalee

SGS S.A. (Switzerland), Bureau Veritas S.A. (France), and Intertek Group plc (U.K.) are some of the prominent players in the top 10 trends in food safety testing and technologies industry.

 
The markets covered under food safety testing and technologies include food safety testing market, GM food safety testing market, food pathogen testing market, meat speciation testing market, food authenticity testing market, pesticide residue testing market, mycotoxin testing market, and food allergen testing market. The markets covered under water safety testing and technologies include water testing & analysis market and bottled water testing market. On the basis of key regions, the food safety testing and technologies industry has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Rest of the World (RoW).

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The top 10 trends in the food safety testing and technologies industry are influenced by factors such as the rapid technological changes, growth in food consumption, change in lifestyles of consumers, and demand for convenience food; these factors have also led to stringent government regulations.

The meat speciation testing market is projected to grow at the highest CAGR of 8.2% for the next six years. Increase in a number of fraud and adulteration incidents for meat & meat products, religious beliefs driving the demand for speciation testing, and increase in stringency of the regulatory body over safety and meat authenticity are projected to propel the market growth for the next six years in most regions of the world.

GM food safety testing market is projected to grow at a CAGR of 8.1% for the next six years. Its global market is driven by various factors such as technological evolution of farming practices and diverse processed GM foods manufacturing; several countries such as Australia, Brazil, China, Germany, the U.K., India, and Italy that mandate labeling of GM products are also projected to propel the market growth for the next six years in most regions of the world.

The global food pathogen testing market is projected to grow at a CAGR of 7.9% for the next six years. The global market for food pathogen testing is dominated by North America, owing to stringent regulations and effective monitoring; strict emphasis on the need for food products to meet regulatory compliance drives the market for food pathogen testing in Canada.

The global water testing and analysis market is driven by factors such as growth in industrial applications, increase in government and private funding for tackling environment issues, and technological integration to provide end users with innovative products and improved capabilities; these factors are projected to propel the market growth in the next six years in most regions of the world.

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The Asia-Pacific region is expected to be the fastest-growing for the food safety testing market and water testing & analysis market between 2016 and 2022. The driving factors for the market in this region are rise in population and health issues in its countries; it is expected that demand for food safety from consumers, producers, and regulators will rise. Japan is the fastest-growing country in the Asia-Pacific food safety testing market.

The North American market for GM food safety testing is projected to grow at the highest CAGR from 2016 to 2022, as exports of GM products is high in North America.

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Issued By MarketsandMarkets™ INC.
Country United States
Categories Food
Tags food safety testing market , Food Safety Testing
Last Updated May 28, 2019