The major restraining factors that affect the top 10 trends in the food safety testing and technologies industry are lack of food control infrastructure & resources in developing countries and lack of awareness about safety regulations among food manufacturers.
‘Farm to Fork’ Food Safety Trend on a Rise Due to the Growing Consumer Awareness for Health and Wellness
The tremendously growing global food trade is evolving into complexity. Food safety has become a growing concern for consumers who are aware of the various technologies, and they demand more information regarding the products they are consuming. Food safety is an assurance that food is not contaminated and is good for consumption by the consumers. The key trends in the food safety testing industry are GMO testing, food authenticity testing, food pathogen testing, meat speciation testing, pesticide residue market, mycotoxin testing, and allergen testing. Along with this, regulatory mandates for each level in the value chain are also boosting the market growth.
The global market for food safety testing and technologies is projected to reach USD 18.4 billion by 2022, recording a CAGR of 7.4%
The growing population has resulted in the rising demand for convenience and processed food. The growing food industry is eventually contributing to the growth of the food safety testing market, as farmers and manufacturers are compelled to offer high-quality agriculture produce and food products. Last few decades have observed an increase in the globalization of food trade, which has increased the risk of food contamination. The changing climatic conditions add to the problem of food safety threats. This is the reason the food safety testing markethas gained importance recently. Furthermore, the rising awareness among consumers about the safety of health is fueling the global food safety testing market. With the technological advancement, the market growth is projected to be for in the next few years.
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Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Scope of the Report
The food safety testing and Technologies industry has been segmented into:
o Food safety testing market
o GM food safety testing market
o Food pathogen testing market
o Meat speciation testing market
o Food authenticity testing market
o Pesticide residue testing market
o Mycotoxin testing market
o Allergen testing market
o Water testing and analysis market
o Bottled water testing equipment market
On the basis of Region, the food safety testing and technologies industry has been segmented into:
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Conclusion
Rising awareness among consumers about food safety is the reason for the growth of the food safety testing market. Furthermore, the rising global food trade and foodborne illnesseshave fueled the market for food safety testing. Using the right techniques and GMP for food preparation and handling processes can reduce the chance of food contamination. With technological advancement, various technologies were introduced in the food safety testing market. These includeLC-MS, GC-MS, and HPCL. Among the various targets of food safety testing, GMO testing is estimated to witness the highest growth rate. The market for GMO testing is driven by the need to ensure sufficient nutrient consumption and safeguarding crops against damage. North America and Europe are the dominating regions in the food safety testing market.As water testing and analysis is an important aspect of food safety, the global bottled water testing market is projected to witness significant growth with CAGR of 5.3%. The food safety testing market is competitive, with a large number of players. The major players in the market are SGS (Switzerland), Mérieux (US), Intertek (UK), Eurofins (Luxemburg), and Bureau Veritas (France). The Asia Pacific region is an emerging market receiving investments from various multinational manufacturers, especially in countries such as China, Japan, and Australia.
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