What is the Size of Food Testing Market ? :
IMARC Group’s latest report, titled “Food Safety Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the food safety testing market revenue. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global food safety testing market size reached US$ 21.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 36.4 Billion by 2028, exhibiting a growth rate (CAGR) of 9.7% during 2023-2028.
What are Food Safety Testing and Uses ? :
Food safety testing involves the examination of various food products to identify the presence of microorganisms, chemicals, and other potentially harmful substances. Its primary purpose is to safeguard the health and welfare of consumers by ensuring the quality of food. Several methods are employed for food safety testing, including microbiological, chemical and nutritional, allergen, residues and contamination, and genetically modified organism (GMO) testing. These tests play a critical role in maintaining food hygiene and preventing foodborne illnesses. As a result, food safety testing procedures find extensive applications across the globe.
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Who are the key Players Operating in the Industry ? :
What are the Growth Prospects and Trends in the Food Safety Testing Industry ? :
The increasing occurrence of food adulteration and contamination, which heightens the risk of foodborne illnesses, is the primary driver of the food safety testing market. Additionally, the escalating awareness about the importance of food hygiene and safety to ensure product quality and mitigate potential health hazards for consumers is acting as another significant growth-inducing factor. Besides this, the inflating demand for packaged and processed foods, owing to urbanization, busy lifestyles, and higher incomes, and the elevating popularity of fast-food restaurants are further fueling the global market.
Moreover, the growing advancements in testing procedures and stringent food safety regulations are prompting food processors to adopt immunoassays (IAs) for food safety testing, which is also influencing the market growth. Apart from this, the launch of polymerase chain reaction (PCR) kits, immune sera, and standard and chromogenic media by leading companies to detect pathogens in real-time with enhanced speed and accuracy and the rising focus in research and development (R&D) to introduce innovative food testing techniques, are creating a positive outlook for food safety testing market in the coming years.
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What is Included in Market Segmentation ? :
Breakup by Type:
Breakup by Food Tested:
Breakup by Technology:
Breakup by Region:
Key Highlights of the Report:
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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