Food Safety Testing Market, by (Application: Bakery & Confectionery, Dairy Products, Processed & Packaged Food, Infant Food, Alcoholic & Non-alcoholic Beverages, Functional Food, Meat & Poultry Products, and Seafood; Test Technology: Traditional and Rapid; and Target Test: Pathogens, Allergens, Residues & Contaminants, Chemical & Nutritional, Shelf-life, GMO, and Others) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).
The global Food Safety Testing Market size is projected to reach a CAGR of 8.1% from 2023-2030.
Food safety is a crucial concern for the food manufacturing, retail, and hospitality industries. Productivity is influenced by food quality and hygiene. Both purposeful and inadvertent adulteration have grown high-tech in recent years, and all testing facilities can assist in detecting these food adulterants.
The rise in the use of preservatives in beverages will create new market opportunities during the forecast period. The increased use of preservatives in beverages to extend their shelf life is projected to increase the use of safety procedures. To meet demand, manufacturers are focused on assuring the quality and shelf-life of beverages such as energy drinks, soft drinks, and fruit juices. The increasing consumption and production of meat products and technological advancement will boost new market opportunities for the market's growth rate. Moreover, a rise in strategic collaborations and emerging new markets will act as market drivers and further boost beneficial opportunities for the market's growth rate.
On the other hand, the market is projected to be hampered by a lack of effective regulatory rules for selling and cultivating genetically modified organisms (GMO) food products. Furthermore, different regions have distinct trading rules for food and agricultural items. This is projected to stifle market expansion.
The onset of the novel COVID-19 pandemic is expected to have a minor impact on the overall state of the global food safety testing market. However, routine surveillance of food facilities and farms has been postponed in several regions of the world due to the ongoing COVID-19 pandemic following which the demand for a range of food products has experienced a slight decline. However, although the retail supply chain has remained unaffected by the COVID-19 pandemic, the production of several food and beverages has witnessed a drastic decline in several regions.
The application of preservatives to enhance the longevity of beverages is expected to prompt the implementation of safety protocols. An upswing in the manufacturing and consumption of meat products and the latest advancements in technology will create more prospects for market expansion. The food manufacturing, retail, and hospitality sectors consider food safety to be an essential matter. The quality and hygiene of food products affect productivity. The industry needs to make sure the food products are safe, hygienic, and have superior quality to boost growth.
The forecast period anticipates new market opportunities due to the increasing use of preservatives in beverages, which are aimed to extend their shelf life. As a result, safety procedures are projected to become more prevalent as a means of addressing this trend.
Asia Pacific to Dominate the Market