Food Safety Testing Market to be Worth $16.1 Billion by 2020

New research by MarketsandMarkets projects continued growth for this sector.

September 1, 2015

PUNE, India - A new research report by MarketsandMarkets titled "Food Safety Testing Marketby Contaminant (Pathogen, GMO, Toxin, Pesticide), Technology (Traditional & Rapid), Food Type (Meat & Poultry, Dairy, Fruit & Vegetable, Convenience Food), & by Region - Global Trends & Forecast to 2020" noted that the market for Food Safety Testing is projected to reach a value of USD 16.1 Billion by 2020, at a CAGR of 7.4% from 2015.
Browse88 Tables and77 Figures spread through210 Pages and in-depth TOC on "Food Safety Testing Market"
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The market report defines and segments the Food Safety Testing Market with analyses and projections of the market size, in terms of value. The market has been segmented on the basis of technology, contaminant, and food tested.
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The report also identifies the driving and restraining factors of the global market with an analysis of trends, opportunities, and challenges. The market is segmented and the market size is projected on the basis of key regions such as North America, Europe, Asia-Pacific, and Rest of the World (RoW).
The North American government has spent billions of dollars to contain pathogen induced epidemics. The market will show rapid growth in developing regions such as Asia-Pacific, Africa/Middle East, Eastern Europe, and Central & South America. These regions will increase the global average growth rate. Globalizations in technology, industrialization bandwagon, and shift in living standards have also been essential factors for the increase in the demand for food safety testing throughout the world. Trade has been responsible for the growth of the Food Safety Testing Market in developing countries, since they need to meet the quality standards of the importing country.
Asia-Pacific is likely to be the fastest-growing region, due to the rising demand for food safety from consumers, producers, and regulators. The most rapid moving country in Asia-Pacific is China, and this will be amplified by the larger customer base. Australia has also been affected severely with pathogen induced foodborne diseases, and has prioritized food safety testing. Several billion Euros were spent by European health care system as a consequence of illnesses caused by contaminants.
Traditional technology includes traditional visual inspection, microbial assays, and culturing methods. The microbiological assays and culturing methods require minimum two to four days to produce results. It is a complex method and also time consuming. The time required for food safety testing is decisive for the quality and monitoring of food. Thus, the technological focus from conventional food safety testing methods has been shifting to rapid testing methods, which are efficient to generate results within a few hours, thereby driving the growth of the Food Safety Testing Market. Rapid testing methods such as PCR (Polymerase Chain Reaction) and immunoassay-based techniques are used to ensure timely analysis of a larger sample size and thereby reduce the time for food safety testing. These advanced technologies also ensure the detection of food contaminants of biological as well as chemical origins.
Meat, poultry, and dairy products are contaminated by salmonella and E. coli, while traces of campylobacter have been found in poultry, dairy products, and water. Listeria has been found to survive post-pasteurization techniques and re-contamination of processed products. The global food safety testing has been dominated by meat & poultry products owing to the fact that maximum number of illnesses have been due to meat & poultry products. The Asia-Pacific market is expected to grow due to the increase in agriculture produce trade supply. This is because the exported and imported products have to be safe and certified accordingly, based on the food safety regulations of that particular county.