Food and Beverages

Food Safety Testing Market to Grow US$ 32.21 Billion by 2027

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The global Food Safety Testing market size is expected to surpass around US$ 32.21 billion by 2027 and the market is expected to garner growth at a CAGR of 7.2% over the forecast period 2021 to 2027.

The Food Safety Testing market report covers a detailed analysis for the historic period 2017-2020, considering 2021 as the base year and forecast (growth) for 2021-2027.

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Growth Factors

Escalating sales of processed and packaged food in developing and developed nations due to influences such as increasing popularity of quick-service restaurants and varying lifestyles is expected to push the requirement for safety testing of eatable items. Furthermore, intensifying need for quality tests for unprocessed and processed meats is influencing the growth of global food safety testing market. Upsurge in the frequencies of food-borne infections that have led to the employment of stern food safety regulations is also projected to drive the market expansion during years to come.

The fruits and vegetables testing demand is anticipated to propagate at noteworthy growth rate throughout the assessment period. Countless outbreaks of food-borne infection principally in the U.S., Japan, and Canada have been credited to pathogen contamination, particularly E. coli 0157 and Salmonella in fruit juices and sprouted seeds. Good agricultural practices and noble sanitation practices are the foundation for the safe production of fresh vegetables and fruits. Nevertheless, the monitoring and detection of effective acute control points in the production of vegetables and fruits still remains a fact of apprehension Fresh fruits and vegetables testing need traditional and rapid technical methods, however, rapid technology is generally utilized for GMO testing of vegetables and fruit.

Market Report Scope

Report Highlights Details
Market Size USD 32.21 Billion by 2027
Growth Rate CAGR of 7.2% from 2021 to 2027
Largest Market Europe
Fastest Growing Market North America
Base Year 2021
Forecast Period 2021 to 2027

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Market Overview

A recent study by Precedence Research on the Food Safety Testing market offers a forecast for 2021 and 2027. The study analyzes crucial trends that are currently determining the growth of the Food Safety Testing market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of Food Safety Testing. The study also provides the dynamics that are responsible for influencing the future status of the Food Safety Testing market over the forecast period.

A detailed assessment of the Food Safety Testing market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the Food Safety Testing market along with their product portfolio enhances the reliability of this comprehensive research study.

Report Highlights

  • Global food safety testing market is compelled by augmented user alertness concerning the safety facets of different food items
  • There has also been an elevated need for innovative food testing technologies to identify the incidence of food pollutants, as they are more effectual and lucrative than outdated manual, time-consuming approaches
  • The Europe occupied prevalent revenue share in the global food safety testing market in 2019
  • North American food testing market is estimated to show healthy growth due to implementation of stringent food safety regulations across the region
  • The major key players operating in the food safety testing market are SGS S.A., Eurofins SGS Group, TUV SUD, Bureau Veritas, Intertek, Agilent Technologies Inc, Thermo fisher Scientific Inc, Shimadzu Corporation, and PerkinElmer Inc

Regional Snapshots

Europe occupied prevalent revenue share in the global food safety testing market with more than 35% share in 2019. High pervasiveness of food-related a version amongst users in the region is anticipated to lead to an amplified confidence on safety testing measures. Likewise, implementation of rigorous regulatory standards in the region is anticipated to lead to enormous market revenue in the region. Further, Asia Pacific is projected to list notable gains due to attempts commenced by concerned agencies concerning the safety of eatable items. The Food Safety and Standards Authority of India capitalized about USD 72.3 million to reinforce food testing infrastructure, which is similarly estimated to trigger the growth of food testing market in this economy.

OBJECTIVES OF THE STUDY

  • To analyze and forecast the electric motor market, in terms of value and volume
  • To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To define, segment, and project the size of the global electric motor market on the product type, end-use and other segments
  • To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
  • To strategically analyze micro markets with respect to individual growth trends, growth prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To strategically profile key players and comprehensively analyze their core competencies
  • To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the electric motor market

Research Methodology

  • Market estimate for 2020
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Major Players Covered in this Report

The updated market research report on electric motor market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Major key players operating in the market are

  • SGS S.A.
  • Eurofins SGS Group
  • TUV SUD
  • Bureau Veritas
  • Intertek
  • Agilent Technologies Inc
  • Thermo fisher Scientific Inc
  • Shimadzu Corporation
  • PerkinElmer Inc

Segments Covered in the Report

By Application

  • Beverages
  • Meat, poultry, & seafood products
  • Dairy & dairy product
  • Cereal, grain, & pulse
  • Processed food
  • Others

By Technology

  • Genetically Modified Organism Testing
  • Allergen Testing
  • Chemical & Nutritional Testing
  • Residues & Contamination Testing
  • Microbiological Testing
  • Others

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Middle East & Africa
  • Latin America

Why should you invest in this report?

If you are aiming to enter the global Food Safety Testing market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Food Safety Testing are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027, so that you can plan your strategies to enter this market accordingly. Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Food Safety Testing Market, By Technology

7.1. Food Safety Testing Market, by Technology Type, 2020-2027
7.1.1. Genetically Modified Organism Testing
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Allergen Testing
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Chemical & Nutritional Testing
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Residues & Contamination Testing
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. Microbiological Testing
7.1.5.1. Market Revenue and Forecast (2016-2027)
7.1.6. Others
7.1.6.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Food Safety Testing Market, By Application

8.1. Food Safety Testing Market, by Application, 2020-2027
8.1.1. Beverages
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Meat, poultry, & seafood products
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Dairy & dairy product
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Cereal, grain, & pulse
8.1.4.1. Market Revenue and Forecast (2016-2027)
8.1.5. Processed food
8.1.5.1. Market Revenue and Forecast (2016-2027)
8.1.6. Others
8.1.6.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Food Safety Testing Market, Regional Estimates and Trend Forecast

9.1. North America
9.1.1. Market Revenue and Forecast, by Technology (2016-2027)
9.1.2. Market Revenue and Forecast, by Application (2016-2027)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Technology (2016-2027)
9.1.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Technology (2016-2027)
9.1.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Technology (2016-2027)
9.2.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Technology (2016-2027)
9.2.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Technology (2016-2027)
9.2.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Technology (2016-2027)
9.2.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Technology (2016-2027)
9.2.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Technology (2016-2027)
9.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Technology (2016-2027)
9.3.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Technology (2016-2027)
9.3.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Technology (2016-2027)
9.3.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Technology (2016-2027)
9.3.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Technology (2016-2027)
9.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Technology (2016-2027)
9.4.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Technology (2016-2027)
9.4.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Technology (2016-2027)
9.4.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Technology (2016-2027)
9.4.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Technology (2016-2027)
9.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Technology (2016-2027)
9.5.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Technology (2016-2027)
9.5.4.2. Market Revenue and Forecast, by Application (2016-2027)

Chapter 10. Company Profiles

10.1. SGS S.A.
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Eurofins SGS Group
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. TUV SUD
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Bureau Veritas
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Intertek
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Agilent Technologies Inc
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Thermo fisher Scientific Inc
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Shimadzu Corporation
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. PerkinElmer Inc
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions

Chapter 12. Appendix

12.1. About Us
12.2. Glossary of Terms

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Janet Edward

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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