Global Food Safety Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Food Safety Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

From farm to factory to fork, food products may encounter any number of health hazards during their journey through the supply chain. Safe food handling practices and procedures are thus implemented at every stage of the food production life cycle in order to curb these risks and prevent harm to consumers.

Food Safety is about testing, consulting, auditing and inspecting of food throughout the food supply chain from farm to fork to ensure that food processing safety is carried out wherever food products are sourced, manufactured, prepared, stored, or sold.

Market Overview:


The latest research study on the global Food Safety market finds that the global Food Safety market reached a value of USD 20925.94 million in 2022. It’s expected that the market will achieve USD 38138.25 million by 2028, exhibiting a CAGR of 10.52% during the forecast period.

Increased regulations and regulations related to food safety

Governments and food producers are increasing their efforts to ensure the safety and quality of food due to health concerns, economic losses from foodborne illnesses and the presence of contaminants, and increased consumer awareness of food safety. Governments have launched several initiatives, including Good Agricultural Practice (GFP), Good Agricultural Practice (GAP) and Good Manufacturing Practice (GMP), to ensure food safety. This will be one of the opportunities for the development of the Food Safety industry.

Change of Health Concept and Enhancement of Food Safety Awareness

The younger generation, the main consumer, pays more and more attention to healthy diet, and begins to pay attention to the various nutrients and harmful substances contained in the diet. In addition, the development of news media has increased the exposure of food safety incidents, and people's awareness of food safety has been continuously enhanced. The choice of non-polluting healthy food has become the pursuit of many families. The transformation of health concepts and the enhancement of food safety awareness have brought opportunities for rapid development of the food safety industry. On the one hand, in order to meet market demand and gain market competitive advantages, various food manufacturers and distributors will take the initiative to strengthen their own product testing to avoid product quality risks, thus expanding the scale of customers for food safety testing. On the other hand, from the perspective of consumers, food safety testing can help consumers choose safe and secure food and improve consumers' health and quality of life. In the future, the food safety testing market has broad prospects and will become an important means to ensure terminal food safety.

Region Overview:


In 2021, the share of the Food Safety market in Americas stood at 43.53%.

Company Overview:


Eurofins Scientific, Mérieux NutriSciences Corporation, SGS were the top 3 players in the Food Safety market in 2022, taking up a market share of 7.47% together.

Segmentation Overview:


Among different product types, Food Preparation segment is anticipated to contribute the largest market share in 2027.

Application Overview:


By application, the Farming in Both of Crop Plants/Animals/Seafood Agriculture segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Food Safety market covered in Chapter 3:

PONY
Eurofins Scientific
Procuro
SGS
NEOGEN Corporation
FoodLogiQ
Mérieux NutriSciences Corporation
Bureau Veritas
TÜV SÜD
Intertek
CTI
Bio-Rad Laboratories
AsureQuality
Safefood 360°
Tive
ALS

In Chapter 4 and Chapter 14.2, on the basis of types, the Food Safety market from 2018 to 2029 is primarily split into:

Food Preparation
Food Processing
Food Storage
Food Distribution

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Food Safety market from 2018 to 2029 covers:

Farming in Both of Crop Plants/Animals/Seafood Agriculture
Food Retailers
Restaurants/Cloud Kitchen
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)