The food safety products and testing market encompasses various testing instruments, reagents and kits that are used by food manufacturers and regulatory agencies to ensure that food products meet the required safety standards. Some key food safety testing technologies include PCR-based testing, chromatography-based testing and immunoassay-based testing. PCR technology allows rapid detection of pathogens in food through amplification of pathogen DNA, while chromatography finds application in pesticide residue screening and detection of drugs and toxins in food products. Immunoassay employs antibodies and antigens for identification of allergens, pathogens and other biological substances in food. With growing foodborne illness outbreaks and stringent regulations around the world, the demand for advanced food safety solutions has increased significantly in the global food industry.
The global Food Safety Products and Testing Market is estimated to be valued at US$ 1188.82 Mn in 2024 and is expected to exhibit a CAGR of 3.8% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Two key drivers bolstering the growth of the food safety products and testing market include heightened food safety regulations globally and increasing incidence of foodborne illnesses. Stringent food safety norms mandate regular testing and monitoring of food products at various stages of production and distribution to eliminate contamination risks. Meanwhile, outbreaks of foodborne pathogens continue to pose severe health hazards. This has boosted demand for advanced testing solutions to effectively detect and prevent contamination in the food chain. Rapid advancements in technology are also propelling the market as new tools provide faster, more accurate and affordable means of ensuring food safety. For instance, PCR-based platforms allow results in less than 24 hours compared to conventional methods requiring several days.
Segment Analysis
The food safety products and testing market can be segmented based on application, which includes environmental monitoring, meat & poultry, dairy, fruits & vegetables, processed foods, and others. The processed foods segment currently dominates the market and is expected to continue its dominance over the forecast period. This is due to the rising demand for processed and packaged food items worldwide. The processed foods segment is followed by the meat & poultry segment owing to strict food safety regulations regarding meat products.
PEST Analysis
Political: Food safety standards and regulations are becoming more stringent across countries to ensure the safety of food products. This is boosting demand for food safety products and testing. However, inconsistent regulations in developing nations can hamper market growth.
Economic: Rising per capita income and growing middle-class population have increased demand for packaged and processed food items globally. This is positively impacting the market. However, high costs associated may limit adoption in price-sensitive markets.
Social: Changing consumer preferences towards convenient and safe food options are fueling the market growth. Rising health awareness has increased demand for tested food products. Digitalization is also enabling access to data related to food safety standards.
Technological: Advancements in testing technologies like PCR, chromatography, and spectroscopy provide rapid and accurate detection of chemicals, pathogens, GMOs, heavy metals, and others in food items. Automation in testing processes is further supporting market growth.
Key Takeaways
The Global Food Safety Products And Testing Market Size is expected to witness high growth over the forecast period. The global Food Safety Products and Testing Market is estimated to be valued at US$ 1188.82 Mn in 2024 and is expected to exhibit a CAGR of 3.8% over the forecast period 2024 to 2031.
The Asia Pacific region is projected to be the fastest growing as well as dominating regional market between 2024-2031 owing to rising food safety concerns and increasing disposable incomes in major countries.
Some of the key players operating in the food safety products and testing market are Ercros, CCP, Celanese, LCY Chemical, Nantong Jiangtian, Hebei Jintaida Chemical,Shangdong Aldehyde Chemical, Yinhe Chemical, Shouguang Xudong, LINYI TAIER, Merck, Mitsubishi Gas Chemical, Chemanol, Xiangrui Chemical and Caldic.
Key players are focusing on new product launches, partnerships and acquisitions to enhance their market share. They are investing significantly in R&D to develop advanced food testing technologies with faster and more accurate results. Automation in testing processes and digitalization are anticipated to open new opportunities for players over the forecast period.
