Food safety products and testing market consists of equipment, test kits, and reagents required for food safety testing and analysis for various contaminants including pathogens, GMOs, toxins, pesticides, and others. Food safety testing is carried out to ensure the quality of food products and compliance with national and international food safety standards. The increasing incidents of foodborne illness outbreaks globally have heightened safety concerns among consumers and regulatory authorities, prompting them to raise food safety standards. Stringent regulations regarding food quality and safety are further driving the demand for various food safety testing equipment, kits, and analysis.
The global food safety products and testing market is estimated to be valued at US$ 1188.82 Mn in 2023 and is expected to exhibit a CAGR of 3.8% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends accelerating the growth of the food safety products and testing market is increased spending on advanced food safety testing technologies by manufacturers. Adoption of high-throughput platforms, portable devices, immunoassay-based test kits, and genetic/molecular-based testing methods is on the rise. These novel testing solutions enable rapid, reliable, and cost-effective testing of multiple contaminants simultaneously. They aid in complying with stringent regulations and gaining consumer confidence, driving their increased uptake. Furthermore, mandatory safety screening of food imports and exports has also elevated demand for fast and reliable testing technologies suitable for screening large volumes of products.
Segment Analysis
The global food safety products and testing market is dominated by the testing kits & consumables sub-segment. The sub-segment held around 44.67% share of the market in 2024 owing to the wide usage of various testing kits and consumables in food safety testing procedures. Testing kits and consumables help detect pathogens, pesticides, GMOs, toxins, and other contaminants present in food products. Their repeated usage on a large scale boosts the growth of this dominating sub-segment.
Key Takeaways
The Global Food Safety Products And Testing Market Size is expected to witness high growth over the forecast period of 2024 to 2031 due to rising awareness about foodborne diseases globally. The global food safety products and testing market is estimated to be valued at US$ 1188.82 Mn in 2023 and is expected to exhibit a CAGR of 3.8% over the forecast period 2024 to 2031.
The Asia Pacific region is expected to be the fastest growing as well as most dominating regional market. Countries like India, China, and Japan are major contributors to the growth of the Asia Pacific food safety testing market. These countries have strong domestic demand and are witnessing rapid economic development which is increasing consumption of food products. This necessitates adhering to stringent food safety regulations and thereby drives market growth.
Key players operating in the food safety products and testing market are Ercros, CCP, Celanese, LCY Chemical, Nantong Jiangtian, Hebei Jintaida Chemical, Shangdong Aldehyde Chemical, Yinhe Chemical, Shouguang Xudong, LINYI TAIER, Merck, Mitsubishi Gas Chemical, Chemanol, Xiangrui Chemical, Caldic. Their focus is on expanding their geographical presence and introducing new technologies to remain competitive in the market.
Get More Insights Here
https://www.newsstatix.com/food-safety-products-and-testing-market-size-share-growth-outlook-2023/
https://lotstoexpress.com/whispers-of-the-genomics-exploring-the-secrets-hidden-in-every-stand/
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