Europe Food Safety Testing Market is expected to reach US$ 9,146.8 million by 2028

PRESS RELEASE BY The Insight Partners 13 Dec 2021

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The rapid segment by technology is estimated to lead the market growth during the forecast period.

According to The Insight Partners market research study of “Europe Food Safety Testing Forecast to 2028 - COVID-19 Impact and Regional Analysis by Contaminant, Technology, Food Type and Country.” The Europe food safety testing market is projected to reach US$ 9,146.8 million by 2028 from an estimated value of US$ 5,758.8 million in 2021; it is likely to grow at a CAGR of 6.8% from 2021 to 2028. The report highlights trends prevailing in the Europe food safety testing market and the factors driving the market along with those that act as hindrances.

The food & beverages industry of all companies involves distributing, packaging, and processing of food materials. The food & beverages industry is increasingly focused on mechanical manipulation and technology to create more value-added products. Changing lifestyles and hectic schedules are leading to increased consumption of ready-to-eat meals. Many industries reported to have suffered heavy losses and stagnancy or low growth during amid lockdowns enforced worldwide due to the COVID-19 pandemic in 2020. However, the food & beverages industry was one of the very few industries that reported growth in 2020. The growth was especially observed in fast moving consumer goods (FMCG) in food products recording double-digit growth in 2020. Although the decline in foodservice demand for oilseeds and grains negatively impacted sales in 2020, the reopening of Europe foodservice platforms and higher selling prices are expected to boost the market during the forecast period. The fruit, vegetables, and specialty foods sector that includes fresh, frozen, and canned foods grew owing to strong demand. Consumers also hoarded frozen food products amid tensions around lockdown and unavailability of food products. The dairy sector witnessed high growth rates and is expected to continue to grow during forecast period. The dairy sector is one of the most vulnerable sectors to foodborne illnesses as dairy products harbor a variety of microorganisms. As pasteurization may not destroy all pathogens in milk, testing of milk becomes essential to ensure safety. Hence, the high consumption of milk leads to a higher volume of food safety testing, thereby driving the market further.

In Europe, the UK, France, and Russia are the hardest-hit countries by the COVID-19 outbreak. The UK is estimated to suffer an economic hit due to lack of revenue from various industries, as the country recorded the highest-number of COVID-19 cases, followed by France, Spain, Italy, and Germany. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to impact market growth in Europe. The lockdown restrictions were slowly lifted in a few countries in Europe; for instance, in Denmark, shops, restaurants have reopened. Italy was in the “yellow zone” and had slowly lifted the lockdown restrictions. All these factors are likely to positively impact the food & beverages industry, which will translate to the recovery of the food safety testing market.

Based on contaminant, the Europe food safety testing market is segmented into pathogens, pesticides, toxins, GMOS, and others. The pathogens segment is further sub-segmented into salmonella, E. coli, listeria, and others. Based on technology, the Europe food safety testing market is bifurcated into traditional and rapid. The rapid segment is further sub-segmented into PCR-Based testing, immunoassay-based testing, and others. Based on food type, the Europe food safety testing market is segmented into meat, poultry, and seafood products, dairy products, cereals and grains, processed food, fruits and vegetables, and others. Geographically, the Europe food safety testing market can be segmented into Russia, France, Germany, UK, Italy and Rest of Europe

SGS SA, Eurofins Scientific, Intertek Group Plc, TÜV SÜD, TÜV NORD GROUP, Bureau Veritas, NEOGEN Corporation, and ALS Limited are among the leading companies operating in the Europe food safety testing market.

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