Global Food Safety Testing and Technologies Market Growth (Status and Outlook) 2023-2029

Global Food Safety Testing and Technologies Market Growth (Status and Outlook) 2023-2029

Food safety testing and its technology are the scientific analysis of food and its ingredients. This is done to provide information on various properties of the food, including structure, composition and physicochemical properties. The food safety testing and technology industry includes genetically modified food safety testing market, food pathogen testing market, meat form testing market, food authenticity testing market, pesticide residue testing market, mycotoxin testing market, allergen testing market, etc.

Food safety testing techniques are some of the most common analytical laboratory methods used by the Food and Drug Administration (FDA) to ensure food safety testing. Most companies in the food industry also use some of the technologies mentioned below. These include:

PCR technology: An ideal and convenient technology in use for pathogen detection in food industry. PCR is one of the most frequently used technologies. The test enables the detection of a single bacterial pathogen, including E. Coli, Salmonella and Listeria, present in food by detecting a specific target DNA sequence. Aiding to such advantages, various business conglomerates that are involved in the food pathogen testing industry are taking strategic measures to bring forth novel innovations and practices in the space.

ELISA assays: The Enzyme-Linked Immunosorbent Assay (ELISA) method is the most common and preferred technique in detecting food allergens. ELISA methods detect the allergen protein molecule by binding antibodies to the allergen. The samples are processed and change color to confirm the presence of the allergen protein. However, ELISA methods may not provide reliable results depending on the situation. Some food types interfere with the ELISA method or can cause cross-reactivity, as is seen with chocolate or different kinds of nuts. The ELISA method may not be suitable for cooked or heated products, as the protein molecules are destroyed or broken down. The allergen may no longer be detectable but can still cause problems for sensitive individuals.

LPI (LP Information)' newest research report, the “Food Safety Testing and Technologies Industry Forecast” looks at past sales and reviews total world Food Safety Testing and Technologies sales in 2022, providing a comprehensive analysis by region and market sector of projected Food Safety Testing and Technologies sales for 2023 through 2029. With Food Safety Testing and Technologies sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Food Safety Testing and Technologies industry.

This Insight Report provides a comprehensive analysis of the global Food Safety Testing and Technologies landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Food Safety Testing and Technologies portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Food Safety Testing and Technologies market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Food Safety Testing and Technologies and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Food Safety Testing and Technologies.

The global Food Safety Testing and Technologies market size is projected to grow from US$ 18070 million in 2022 to US$ 25560 million in 2029; it is expected to grow at a CAGR of 5.1% from 2023 to 2029.

SGS and Intertek Group are the top 2 companies in global food safety testing and technologies market and account for about 10% of total market share. Geographically speaking, Asia Pacific holds about 40% of global market share, followed by North America with about 30% share. In terms of type, microbiological testing segment holds an main share of about 25%. In terms of end users, government users segment accounts for about 67% of the global share.

This report presents a comprehensive overview, market shares, and growth opportunities of Food Safety Testing and Technologies market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Residue Testing
Microbiological Testing
Nutritional Composition Testing
Others

Segmentation by application
Enterprise Users
Government Users

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
SGS
Intertek Group
Bureau Veritas
Eurofins Scientific
Tentamus Analytics
UL
ALS
AsureQuality
Romer Labs Diagnostic
CCIC

Please note: The report will take approximately 2 business days to prepare and deliver.