Food Safety Products And Testing Market

The food safety products and testing market is estimated to be valued at USD 2.43 Bn in 2024, growing at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031. Food safety is a major concern worldwide due to risks associated with contamination and foodborne illnesses. Rising health awareness and stringent regulations have augmented the demand for reliable and advanced food safety products and testing solutions. Next-generation techniques like sequencing-based testing, biosensors, and rapid methods have significantly improved detection capabilities. Rapid testing allows for prompt risk assessment and recalls in case of contamination. Growing international food trade has further intensified the need for robust quality checks and certifications. The global food safety products and testing market is poised to expand steadily, driven by new product innovations, regulatory adherence, and efforts to establish food safety protocols across supply chains.

 Market Dynamics:

The food safety products and testing market is primarily driven by stringent norms and regulations imposed by governments and regulatory bodies globally to ensure food safety. Rapid methods for testing contamination are gaining prominence due to their benefits of faster results. Technological advancements have increased sensitivity and specificity of testing procedures. However, the market remains constrained by high costs of advanced analytical instruments and infrastructure requirements for extensive testing. Moreover, unorganized food businesses in developing nations pose challenges regarding certification and quality adherence. The market presents opportunities for portable instruments, biosensor-based devices, and PCR/sequencing technologies that enable on-site and lab-free testing. Collaborations to establish testing facilities across major supply chains also present new prospects.

 Key Features of the Study:

• This report provides in-depth analysis of the global food safety products and testing market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global food safety products and testing market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Intertek Group Plc, SGS SA, Eurofins Scientific SE, Thermo Fisher Scientific, Inc., ALS Limited, Asurequality Limited, Bio-Rad Laboratories, Inc., Bureau Veritas SA., NSF International, Merieux Nutrisciences, TUV SUD, UL LLC, AsureQuality Limited, and Cotecna, FSNS
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global food safety products and testing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global food safety products and testing market

Market Segmentation

• Test Type:
• • Chemical & Nutritional Testing
  • Allergen Testing
  • Genetically Modified Organism (GMO) Testing
  • Microbiological Testing
  • Others (Residues & Contamination Testing, etc.)
• Application:
• • Meat, Poultry, & Seafood Products
  • Dairy & Dairy Products
  • Processed Food
  • Beverages
  • Cereals & Grains
  • Others
• Regional:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • Intertek Group Plc
  • SGS SA
  • Eurofins Scientific SE
  • Thermo Fisher Scientific, Inc.
  • ALS Limited, Asurequality Limited
  • Bio-Rad Laboratories, Inc.
  • Bureau Veritas SA.
  • NSF International
  • Merieux Nutrisciences
  • TUV SUD
  • UL LLC
  • AsureQuality Limited
  • Cotecna
  • FSNS