Overview of the Global Food Safety Testing Market: Key Statistics and Trends:
According to the latest report by MarkNtel Advisors, titled “Global Food Safety Testing Market By Testing Type (Allergen Testing, Residues and Contamination Testing, GMO Testing, Mycotoxin (Fungi) and Microbiological Testing, Pathogen Testing, Toxic Heavy Metals Testing, andOthers (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]), and others, The Global Food Safety Testing Market size was valued at around USD 19.5 billion in 2023 & is expected to grow at a CAGR of around 7.90% during the forecast period, i.e., 2024-30. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Global Food Safety Testing Market Growth and Scope:
Base Year: 2023
Forecast Period: 2024-30
Historical Data: 2019-22
CAGR (2024-2030): 7.90%
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Global Food Safety Testing Market Possible Restraint:
High Costs of Testing Equipment and Lack of Skilled Technicians – Food safety testing is paramount to ensuring public health. For toxicity & contaminant detection in various food products, automated testing systems integrated with advanced features & functionalities are used, which are highly reliable. However, their initial costs and infrastructure requirements are on the higher side. In addition, rigorous R&D activities and the continuous need for accuracy & reliability of test results are further accelerating the price of these machines. Moreover, skilled technicians are also needed to operate these systems. Hence, developing countries with weak economies suffer immensely, owing to high equipment costs and lack of infrastructure required for food safety testing. These aspects are hindering the growth of the global market.
A Comprehensive Analysis of Leading Companies of Food Safety Testing Market by MarkNtel Advisors:
- 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
Key Food Safety Testing Market Segmentation:
Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/global-food-safety-testing-market.html
-By Testing Type
- Allergen Testing
- Residues & Contamination Testing
- GMO Testing
- Mycotoxin (Fungi) & Microbiological Testing
- Pathogen Testing
- Toxic Heavy Metals Testing
- Others (Chemical or Nutritional Testing)
Of them all, pathogen testing holds a notable share of the Global Food Safety Testing Market.
-By Technology
- Traditional Technology
- Rapid Technology
Here, rapid technology would continue holding the maximum share of the food safety testing market through 2030.
-By Application
- Food- Market Size & Forecast 2019-2030, USD Million
- Beverages- Market Size & Forecast 2019-2030, USD Million
Geographical Analysis
-By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Of all regions globally, North America holds a noteworthy share of the Global Food Safety Testing Market.
Key Reports Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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Key Advantages of the Report by MarkNtel Advisors:
- Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
- Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
- Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.
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