Global Food Pathogen Testing Market to Reach $22.6 Billion by 2030
The global market for Food Pathogen Testing estimated at US$14.4 Billion in the year 2023, is expected to reach US$22.6 Billion by 2030, growing at a CAGR of 6.7% over the analysis period 2023-2030. Salmonella Testing, one of the segments analyzed in the report, is expected to record a 7.5% CAGR and reach US$8.9 Billion by the end of the analysis period. Growth in the E.Coli Testing segment is estimated at 6.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.8 Billion, While China is Forecast to Grow at 10.2% CAGR
The Food Pathogen Testing market in the U.S. is estimated at US$3.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.5 Billion by the year 2030 trailing a CAGR of 10.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.2 Billion by the year 2030.
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