Definition of Market/Industry:
Food safety products and testing is the process of testing food product for determining the presence of contaminants such as toxins, pathogens, chemicals, radioactive elements, and GMOs in the food. Food &beverage, environment, and agriculture are some of the major end-use application of food safety products and testing. In agriculture, it is used to detect the pathogens in the seeds and crops whereas in environment application it is used in soil testing, pesticide analysis, and water 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.
Growing cases of food adulteration coupled with the increasing production of genetically modified organisms based food products are expected to drive the market growth. Genetically modified organisms help in enhancing the yield of the crops and also improve resistance against plant disease. However, the consumption of GMOs food products can cause various health issues such as lower the immune response. Due to such risk government of various countries have implemented rules for food safety tests in order to identify the presence of GMO in food products. This is expected to fuel market growth.
Increasing trade of food and agriculture food products around the globe is expected to bring market opportunities in the near future. According to the India Brand Equity Foundation, in India exports of agricultural and processed food products, totaled US$ 38.49 billion in 2019. During the period, top exported commodities were basmati rice (US$ 4.72 billion), buffalo meat (US$ 3.60 billion) and non-basmati rice (US$ 3.04 billion). Thus, increasing trade of food products around the globe is projected to augment the market growth.
Lack of infrastructure and testing laboratories across developing countries such as Africa is expected to hamper the market growth of the food safety products and testing. Also, budget constraints for upgrading existing food testing equipment and infrastructure across developing countries is further anticipated to restrict market growth.
For segment 1 information:
Europe region in the Global Food Safety Products and Testing Market was valued at US$ 318.2 Mn in 2019 and is forecast to grow at a CAGR of 9.3% between 2020 and 2027. In the recent past, Europe region had experienced numerous food safety issues. To combat with such issues, food safety policies have been emphasized from EU Reference Laboratories, National Reference Laboratories and Control Laboratories. These authorities provides guidelines for food safety and therefore play an important role in protecting the health of consumers and ensuring the quality of food across the supply chain.
For segment 2 information:
On the basis of contaminants, Pathogens segment dominated the global Food Safety Products and Testing Market in 2019, accounting for 42.8% share in terms of value, followed by Genitically 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 the growth of the market.
For segment 3 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. The food testing is majorly required for food products such as Meat, poultry, & seafood and processed food among other food products. The processed food have higher shelf life and therefore require more testing to ensure that it can be preserved without any contamination.
For segment 4 information:
On the basis of technology, q-PCR dominated the global Food Safety Products and Testing Market in 2019, accounting for 54.9% share in terms of value, followed by d-PCR.
The growing health wellness trend is driving demand for food safety solution, thereby fueling the market growth. Rapid urbanization, economic development and the growing disposable income of the consumers are positively shaping the food &beverage industry growth. Additionally, the growing popularity of convenience food products coupled with the growing government initiatives to reduce the prevalence of the foodborne disease will further favor the market growth.
Growing consumption of frozen meals and ready to eat food products is a current trend in the market due to hectic lifestyle and an increasing number of women population. This is expected to augment the market growth of food safety and product testing over the forecast period. Moreover, growing demand for contamination testing in food products to ensure food quality is further expected to augment the market growth of food safety and product testing.
Food Safety Products and Testing Market - Impact of Coronavirus (Covid-19) Pandemic
The global Food Safety Products and Testing Market is largely impacted by COVID-19 pandemic and the situation is expected to prevail in the global economy until the virus stops spreading. The outbreak of novel coronavirus has resulted in surging sales of frozen food and ready-to-cook food, globally. These frozen food and ready-to-cook food are required to be tested before they are made available for the public at large. Therefore, it can be said that despite the emergence of coronavirus pandemic, the Food Safety Products and Testing Market would experience a positive growth in near future.
Few Recent Developments
In March 2019, SGS, an inspection, verification, testing, and Certification Company, announce the opening of a new, state-of-the-art food microbiological testing laboratory in Carson, California USA. 2,400 sq. ft. the facility utilizes a robust information technology platform to offer food producers, manufacturers, and suppliers a broad spectrum of food and agricultural testing services across every food category.