Food Safety Products and Testing Market Is Estimated To Witness High Growth
The Food Safety Products and Testing Market is estimated to be valued at US$ 859.1 Million in 2021 and is expected to exhibit a CAGR of 9.6% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The food safety products and testing industry refers to the products and services used for ensuring the safety and quality of food products. This includes testing for pathogens, chemical contaminants, allergens, and other potential risks. The market is driven by the increasing awareness and concerns regarding food safety among consumers and the stringent regulations imposed by regulatory bodies.
Key Takeaways:
The global food safety products and testing market is expected to witness high growth, exhibiting a CAGR of 9.6% over the forecast period, due to increasing concerns about food safety and the implementation of strict regulations. The market is dominated by the North America region, which is the fastest-growing and largest market for food safety products and testing. Key players operating in the food safety products and testing market include Intertek Group Plc, SGS SA, Eurofins Scientific SE, Thermo Fisher Scientific, Inc., ALS Limited, Asurequality Limited, Bio-Rad Laboratories, Inc., and Bureau Veritas SA. These companies provide a wide range of testing services and products to ensure food safety and compliance with regulations.
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