Food Safety Testing Market: Value Share, Supply Demand, share and Value Chain 2017 – 2025

Food Safety Testing Market: Overview

Food safety is extremely crucial for all types of foods to ascertain that they are suitable for human consumption. This includes processed or canned foods as well as farm-fresh products. The entry of contaminant or chemicals at any stage of the food value chain right from procuring raw materials to production till it reaches the consumers can lead to food poisoning, thereby necessitating the testing of such toxins.

Food Safety Testing Market: Key Trends

The global food safety testing market is displaying steady growth due to strict food safety stipulations, increasing consumer awareness about the importance of consuming safe food, and an increasing number of food poisoning flare-ups. The increasing globalization practices in food supply trade that has high chances of entry of contaminants is expected to present further opportunities for the food safety testing market. According to the World Health Organization, in 2014, over 2.5 million deaths were recorded from diarrheal diseases due to food contamination.

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Moreover, increasing consumer affordability and changing lifestyle displays positive indication for the processed food industry, thereby positively influencing the market’s growth. Processed food products, bakery, ready to eat meals, preserved and canned food, and infant diet that have inherent contaminant retention nature need to adhere to food safety norms. Under-cooking, improper handling or improper storage are other factors that lead to contamination of these foods.

In developed countries, FDA and EU compliances give authority to consumers to trace the value chain of products, which will favor the industry’s growth. This allows consumers to track an unwanted substance that may have entered the value chain at some point.

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Food Safety Testing Market: Market Potential 

Capacity expansion and mergers and acquisitions are strategic moves that players in this market are focused on for growth. In a recent industry development, SGS S.A., a leading bioanalytical contract solutions provider has announced the expansion of its elemental analysis testing capabilities of its facility located at Villeneuve-la-Garenne, France. The company has invested in a brand new inductively coupled plasma mass spectrometry system in order to address the latest ICH Q3D regulatory guidelines for elemental impurities.

In another major industry development, Eurofins Scientific has acquired ASL Análises Ambientais, which is a Brazilian major for environmental testing services.

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Food Safety Testing Market: Regional Outlook

The global food safety testing market can be analyzed with respect to the regional segments of North America, Europe, Asia Pacific, and Rest of the World. In North America, the U.S. accounted for a considerable revenue contribution to the market. The high medical expense incurred due to contaminant illness and development of the genetically modified organism (GMO) food industry that need to adhere to food safety standards are stimulating growth.

The U.K. and Germany account for a significant revenue contribution to the Europe market for food safety testing. In the U.K., almost one million individuals suffer from contaminant illnesses and more than 20 thousand individuals receive hospital treatment because of foodborne illness every year. Efforts from governments as well as consumers to reduce such outbreaks are supporting the regional market’s growth.

The high degree of food safety compliances that exist in Europe and North America is positively influencing the China food safety testing market to retain export trade.

Food Safety Testing Market: Competitive Landscape

Some of the leading players in this market include Eurofins Laboratories, Idexx Laboratories, ALS Laboratory, and Bio-Rad Laboratories. The food safety testing market features a high to moderate degree of competition due to the presence of a number of small-sized and large-sized firms. Top players in the market are focused on acquisitions and expansions to stay competitive in this market.

 The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

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