Food Safety Testing Kits Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Contaminant [Pathogens (Salmonella, E.coli, Listeria, Campylobacter, S. aureus, and Others), Pesticides, Toxins, GMOs, and Others], Technology [Traditional and Rapid (PCR-Based Testing, Immunoassay-Based Testing, LAMP, and Others)], and Food Type (Meat, Poultry, and Seafood Products; Dairy Products; Cereals and Grains; Processed Food; Fruits and Vegetables; and Others)
Publication Month: Nov 2022 | Report Code: TIPRE00029783 | No. of Pages: 181 | Category: Food and Beverages | Status: Published
The food safety testing kits market size is expected to grow from US$ 22,247.0 million in 2022 to US$ 34,142.5 million by 2028; it is estimated to grow at a CAGR of 7.4% from 2022 to 2028.
Food safety testing is a scientific analysis of food products and their contents to find information about various characteristics such as physiochemical properties, composition, and structure. The information is used to determine product safety for consumption. The rising incidence of foodborne illnesses triggers the demand for food safety testing kits. In addition, product recalls hamper the profitability and brand image of manufacturers, which compels manufacturers to adopt food safety testing kits to detect contaminants or adulterants in early stages.
In 2021, North America held the largest share of the food safety testing kits market; however, Asia Pacific is estimated to register the highest CAGR during the forecast period. Foodborne illnesses have become a major concern for health systems in Asia Pacific. The Food and Agriculture Organization (FAO) of the United Nations (UN) published data in 2019 that suggested that ~275 million people in Asia Pacific fall sick due to foodborne illnesses annually. Food safety concerns also lead to adverse effects on the food trade. The FAO report also suggested that unsafe water and food kill more people each year than measles, malaria, and AIDS combined worldwide, and the issue requires utmost attention by all countries, especially ones in Asia Pacific, considering their poor record of preventing foodborne illnesses.
Strategic Insights
Impact of COVID-19 Pandemic on Food Safety Testing Kits Market
The COVID-19 pandemic has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various food manufacturing plants in North America, Europe, Asia Pacific, South America, and the Middle East & Africa has adversely affected global supply chains, manufacturing capabilities, delivery schedules, and sales, subsequently impacting the financial status of firms and the global economy. Food & beverages is one of the major industries that suffered serious disruptions, such as supply chain breaks and production plant shutdowns. However, the manufacturing soon picked pace amid the pandemic recovery period, with a resultant surge in demand for food safety testing kits.
Food Safety Testing Kits Market Breakdown, by Region
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Market Insights
Strategic Developments by Key Players Favor Food Safety Testing Kits Market Growth
In June 2021, SGS Announced the official opening of its new food testing laboratory in Papua New Guinea. The SGS group's latest addition in Port Moresby, Papua New Guinea, is a purpose-built NATA ISO17025 Accredited Laboratory. The new laboratory offers internationally recognized quality testing products for food manufacturing, hospitality, and retail market segments. The facility also offers a wide range of testing services, such as food microbiology indicators, food microbiology pathogens, water microbiology, and water chemistry.
Technology Insights
Based on technology, the food safety testing market is bifurcated into traditional and rapid. The rapid segment held a larger market share in 2021 and is expected to register a higher CAGR from 2022 to 2028. The high sales of rapid food safety testing kits is due to low costs, better and faster results, and real-time functionality. Rapid testing is expected to become an integral part of quality control/quality assurance programs in the food industry and regulatory applications across the world.
Food Safety Testing Kits Market, by Technology – 2022 and 2028
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Food Type Insights
Based on food type, the food safety testing kits market is segmented into meat, poultry, and seafood products; dairy products; cereals and grains; processed food; fruits and vegetables; and others. The meat, poultry, and seafood segment held the largest market share in 2021, and it is projected to register the highest CAGR during the forecast period. The meat, poultry, and seafood products testing include testing for contaminants and adulteration, wherein one meat type may be adulterated with other meat types. The products may be tested for ash, fat, moisture, protein/nitrogen, heavy metals, pesticides, antibiotics and drugs, salt, chloride, and nitrates and nitrites. The testing helps minimize the risk of food fraud and ensures appropriate product labelling. This is extremely essential for countries in the Middle East where pork or pig meat is not consumed due to religious purposes, and most food products containing meat are required to have Halal certification.
SGS SA, Eurofins Scientific, Intertek Group Plc TÜV SÜD, AES Laboratories Pvt. Ltd., TÜV NORD GROUP, Bureau Veritas, ALS Limited, NEOGEN Corporation, and AsureQuality are a few of the major players operating in the food safety testing kits market. These companies mainly focus on product innovation to expand their market size and follow emerging market trends.
Report Spotlights
- Progressive industry trends in the food safety testing kits market to help companies develop effective long-term strategies
- Business growth strategies adopted by the food safety testing kits market players in the developed and developing countries
- Quantitative analysis of the market from 2022 to 2028
- Estimation of global demand for food safety testing kits
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers in the food safety testing kits market
- Recent developments to understand the competitive market scenario
- Market trends and outlook, as well as factors driving and restraining the growth of the food safety testing kits market
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest
- Size of the food safety testing kits market at various nodes
- Detailed overview and segmentation of the market, and growth dynamics of the food safety testing kits industry
- Size of the food safety testing kits market in various regions with promising growth opportunities
Frequently Asked Questions
The List of Companies - Food Safety Testing Kits Market
- SGS SA
- Eurofins Scientific
- Intertek Group Plc
- TÜV SÜD
- AES Laboratories Pvt. Ltd.
- TÜV NORD GROUP
- Bureau Veritas
- ALS Limited
- NEOGEN Corporation
- AsureQuality
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global food safety testing kits market, thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
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