Food Safety Testing Market Size to Garner $37.5 Billion by 2031, According to Allied Market Research

PORTLAND, Ore. — Allied Market Research published a report, titled, "Food Safety Testing Market by Technology (Agar Culturing, PCR-based Assay, Immunoassay-based, Others), by Food Tested (Meat and Meat Product, Dairy and Dairy Product, Cereals, Grains, and Pulses, Processed Food, Others), by Type (Pathogen, Genetically Modified Organism (GMO), Chemical and Toxin, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031" According to the report, the global food safety testing industry was valued at $18.7 billion in 2021 and is estimated to generate $37.5 billion by 2031, witnessing a CAGR of 7.2% from 2021 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

Drivers, Restraints and Opportunities

The growing population, rise in disposable income of consumers, rise in incidence of food frauds, the growing economically motivated adulteration (EMA) owing to high competition, and enhanced food safety testing drive the food safety testing market growth. However, a lack of necessary infrastructure for food safety control in the developing or poor nations, and a lack of communication between players in food safety testing market and their clients hinders the global market growth. On the other hand, introduction of new and cutting-edge techniques in food safety testing and various regulations on food safety, particularly in the developed economies will present new growth opportunities for the global food safety testing market in the coming years.

Covid-19 Scenario

The COVID-19 pandemic led to the increased consumer demand for food products owing to panic buying. This factor along with rushed industry audits and the pressure on the food industry exposed more vulnerabilities in an already complicated system.

However, in the post-pandemic period, the demand for food safety testing rose quickly due to the increased consumer awareness of food safety.

The pathogen segment to dominate the market in terms of revenue during the forecast period

Based on type, the pathogen segment contributed to the largest share of two-fifths of the global food safety testing market in 2021 and is expected to dominate the market during the forecast period. Different kinds of pathogens, including viruses, bacterial strains, fungi, or parasites can make their host sick. In order to ensure customer safety, pathogen testing is regularly carried out throughout the production process, from raw materials through end product screening. However, the chemical and toxin segment is expected to witness the fastest CAGR of 7.8% from 2021 to 2031. Bacterial toxins or specific plant toxins, like the pyrrolizidine alkaloids found in honey, milk, or eggs are examples of poisons in food. In order to cover the broad polarity range of potential organic chemical pollutants, modern food contaminant testing laboratories use both GC-MS and LC-MS.

The PCR-based assay segment to maintain its leadership during the forecast period

Based on technology, the PCR-based assay segment grabbed the highest share of nearly half of the overall food safety testing market in 2021 and is projected to maintain its dominance in 2031. Moreover, the same segment is expected to witness the fastest CAGR of 7.6% from 2021 to 2031. Polymerase chain reaction technology is used by the agricultural biotechnology sector at various stages of the product development. The approach is primarily used to assess the amount of genetically modified material contained in a product or verify the presence or absence of genetically modified material in a sample of the product.

North America to dominate the market by 2031