Food Safety Products and Testing Market Was Valued at US$ 859.1 Mn in 2021 - Coherent Market Insights

Global Food Safety Products and Testing Market is estimated to be valued at US$ 859.1 Million in 2021, according to the Food Safety Products and Testing Market Report, 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), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa), published by Coherent Market Insights.  

Global Food Safety Products and Testing market was valued at US$ 859.1 Million in 2021. Food Safety Products and Testing Market is expected to register a CAGR of 9.6% over the forecast period (2022–2030). Food Safety Products and Testing is used in detecting the presence of disease-causing organism or other harmful elements in the food. They are majorly used in processed and ready-to-eat food products.

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https://www.coherentmarketinsights.com/market-insight/food-safety-testing-market-753

Browse 50 market data tables* and 40 figures* on "Global Food Safety Products and Testing Market” - Forecast to 2030.

Key Trends and Analysis of the Global Food Safety Products and Testing Market:

• On the basis of contaminants, Pathogens segment dominated the global food safety products and testing market in 2021, accounting for 8%share in terms of value, followed by Genetically Modified Organisms and Chemicals and Toxins, respectively. The consumption of microbial pathogens, such as bacteria, viruses, environmental toxins, food allergens, adulterants, residues of drugs, and agricultural chemicals, is hazardous to human beings. Therefore, testing of pathogens is mandatory and is driving growth of market.

Key Takeaways of the Global Food Safety Products and Testing Market:

On the basis of technology, q-PCR dominated the global Food Safety Products and Testing Market in 2021, accounting for 54.9% share in terms of value, followed by d-PCR.

North America held the second largest market for the global food safety products and testing market, owing to the rising number of foodborne disease outbreaks and adulteration. According to the Centre for Disease Control and Prevention (CDCP) 2022 data, every year around 48 million people are affected from foodborne illness, 128,000 are hospitalized, and 3,000 die. Thereby, the Food Safety Products and Testing Market is shifting toward rapid culture-independent molecular or microbiological tests. Furthermore, the rising consumer interest in food quality has also propelled market growth through enhanced surveillance and strict regulations. For instance, the new Food Safety Modernization Act (FSMA) rules of United States guides the food manufacturers of U.S. to ensure the food safety. Therefore, these factors are driving the food safety products and testing market growth in North America.

New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities for the Food Safety Products and Testing plants are key strategies adopted by players in the global Food Safety Products and Testing market. For instance, in June 2022, Clear Labs, a genomics testing provider, announced to develop diagnostics and surveillance for high accuracy as well as efficiency in Food Safety Products and Testing technology. It involves next-generation sequencing for strain identification and pathogen detection to prevent prevalence of foodborne outbreaks.