Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Food safety products and testing refers to the testing of food in order to detect the presence of disease-causing organism or other harmful products in the food. They are majorly used in processed and ready-to-eat food products. On the basis of technology used the food safety products and the testing market is classified into q-PCR-based testing and d- PCR-based testing.
The global Food Safety Products and Testing Market is accounted for US$ 867.2 Mn in terms of value by the end of 2019.
The rising prevalence of foodborne disease around the globe is expected to augment the market growth of food safety products and testing. According to the World Health Organization, an estimated 600 million – almost 1 in 10 people in the world – fall ill after eating contaminated food and 420 000 die every year. Diarrhoeal diseases are the most common illnesses resulting from the consumption of contaminated food, causing 550 million people to fall ill and 230 000 deaths every year.
Increasing use of pesticides in order to eliminate the pests which destroy the crop yield is expected to fuel the market growth. These pesticide mainly used to enhance the yield of the crop but they also contain toxic chemicals and their overuse can cause various health issues. Consumption of food that has pesticide residues may lead to various chronic disorders. Hence, food testing technologies are used to detect the presence of pesticide residue in the crop.
Europe region dominated the global Food Safety Products and Testing market in 2019, accounting for 36.7% share in terms of value, followed by North America and Asia Pacific, respectively.
Figure 1. Global Food Safety Products and Testing Market Revenue Share (%), By Region, 2019
Lack of proper regulatory guidelines for the sale and cultivation of genetically modified organism (GMO) food products is expected to hinder the market growth. Moreover, different regions have different guidelines for the trading of food and agriculture products. This is expected to hinder the market growth.
Complexities associated with the testing techniques are expected to restrict the adoption of this technology. Moreover, lack of awareness regarding the food testing solution among food manufacturers of the developing region is also expected to hamper the market growth.
Food Safety Products and Testing Market Report Coverage
||Market Size in 2019:
||US$ 867.2 Mn
|Historical Data for:
||2016 to 2019
||2020 to 2027
|Forecast Period 2020 to 2027 CAGR:
||2027 Value Projection:
||US$ 1,492.3 Mn
U.S., Canada, Brazil, Argentina, Mexico, Rest of Latin America, U.K., Germany, France, Italy, Spain, Russia, Rest of Europe, China, India, Japan, ASEAN, South Korea, Australia, Rest of Asia Pacific, Middle East, Africa
- By End-Use:
- Food: Snack Foods, Meat, Poultry & Sea Food, Dairy Products, Bakery & Confectionery, Fresh & Frozen Fruits & Vegetables, Frozen Foods, Others.
- Agriculture: Crops, Seeds.
- Environment: Water Testing, Pesticide & Residue Analysis, Soil Testing.
- By Contaminants:
- Pathogens: Bacteria, Viruses, Fungus, Others.
- Genetically Modified Organisms, Chemicals and toxins, Others.
- By Technology: q-PCR-Based Testing, d- PCR-Based Testing.
Intertek Group Plc, SGS SA, Eurofins Scientific SE, Thermo Fisher Scientific, Inc., ALS Limited, Laboratory Corp. of America Holdings, Asurequality Limited, Bio-Rad Laboratories, Inc., Bureau Veritas SA, Scientific Analysis Laboratories Limited
- Rising prevalence of foodborne disease around the globe
- Increasing use of pesticides in order to eliminate the pests
- New product development and continuous innovations in packaging of products
|Restraints & Challenges:
- Complexities associated with the testing techniques
- Stringent rules and regulations
Increasing use of preservatives in the beverages in order to increase the shelf-life of the drinks is expected to result in an increase of use of safety techniques. The manufacturers are focusing on ensuring the quality and longer shelf-life of the beverages such as energy drinks, soft drinks, and fruit juices in order to meet the demand. However, the consumption of preservatives based food leads to various health issues.
Growing consumption and production of meat products is expected to serve major growth opportunities to the market of food safety products and testing. The U.S. meat production totaled 52 billion pounds in 2017 and U.S. poultry production totaled 48 billion pounds in 2017. In 2017, the meat and poultry industry processed: 9 billion chickens, 241.7 million turkeys, 32.2 million cattle and calves, and 121 million hogs. Thus, the production of meat products is expected to foster the market growth of food safety products and testing.
Figure 2. Global Food Safety Products and Testing Market – Opportunity Analysis
For any segment information:
On the basis of end use, food segment dominated the global Food Safety Products and Testing Market in 2019, accounting for 56.5% share in terms of value, followed by Agriculture and enviornment, respectively.
Market Trends/Key Takeaways
Upgrading existing food testing laboratory technology by the manufacturer is a key trend in the market. This is attributed to the growing need for better food safety testing solutions. For instance, in January 2017, Bio-Rad Laboratories, Inc., which is a U.S.-based the company integrated digital PCR and next-generation sequencing (NGS) technologies such as massively parallel or deep sequencing to analyze cancer liquid biopsies.
Certified and clean label products such as allergen-free food products are gaining traction in the market. Increasing use of antimicrobial and additives in processed food products are also expected to boost demand for food safety and product testing. Moreover, the shift in behavior and demographics of populations especially across Asia Pacific region which is growing consumption of packaged food products are further anticipated to bolster the market growth.
Figure 3. Global Food Safety Products and Testing Market Revenue Share (%), By End Use, 2019
Food safety products & testing Market - Impact of Coronavirus (Covid-19) Pandemic
The food safety products & testing market is expected to witness a moderate growth owing to relaxations provided by governments on the food label norms manufacturers have to comply with during the pandemic outbreak. This is necessarily done to ensure sufficient supply of essential food products to the population particularly in economies affected by lockdown. Thus, it can be said that the food safety products & testing market will continue to grow, even during times of pandemic. However, the growth rate would be lower as compared to normal market situations.
- Intertek Group Plc
- SGS SA
- Eurofins Scientific SE
- Thermo Fisher Scientific, Inc.
- ALS Limited
- Laboratory Corp. of America Holdings
- Asurequality Limited
- Bio-Rad Laboratories, Inc.
- Bureau Veritas SA
- Scientific Analysis Laboratories Limited
Few Recent Developments
Intertek Group Plc
In August 2018, Intertek Group plc announced its plan to acquire Alchemy Investment Holdings, Inc. Alchemy’s training software and courses have been deployed by hundreds of food and retail companies including Kellogg’s, Ocean Spray, JBS, Pilgrim’s, Shake Shack, The Home Depot, Tillamook, SoulCycle, and Macy’s to train frontline workforces.