Food Safety Testing Market research report by Delvens focuses on primary sections such as – market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market’s current scenario which includes various aspects to perform further marketing activity.
The global Food Safety Testing Market size is projected to reach a CAGR of 8.1% from 2023-2030.
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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.
Key Findings:
• Food safety is a crucial concern for the food manufacturing, retail, and hospitality industries. Productivity is influenced by food quality and hygiene.
• 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.
• 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.
• The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. APAC is projected to account for the highest CAGR in the Food safety testing market during the forecast period.
Competitive Landscape
• Thermo Fischer Scientific Inc.
• UL LLC
• EMSL Analytical Inc.
• Microbac Laboratories, Inc.
• Silliker, Inc.
• Covance Inc.
• Intertek Group Plc.
• SGS SA
• Bureau Veritas S.A.
• Eurofins Scientific SE
• The SOCOTEC Group
• International Laboratory Services
• ALS Limited
• AsureQuality Limited
• DTS Food Laboratories
• Aspirata
• Symbio
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Recent Developments
• In July 2021, Intertek Group plc acquired Brazil-based JLA Brasil Laboratório de Análises de Alimentos S.A. ('JLA'), one of the leading providers of food, agriculture, and environmental testing solutions based in Brazil. This acquisition will help Intertek to enhance its food safety testing service portfolio for Brazilian customers.
• In May 2021, Eurofins Scientific acquired UK-based Eurofins Scientific Alliance Technical Laboratories (ATL) Ltd. This acquisition is to enhance the company’s food, water, and feed testing service facility in the UK.
Reasons to Acquire
• Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
• Gain authentic and granular data access for Food Safety Testing Market to understand the trends and the factors involved in changing market situations.
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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In addition to the market data for Food Safety Testing Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirement.
Key Features of Global Market Report:
• Analyze competitive developments like expansions, deployments, new product launches, and acquisitions.
• Identify growth opportunities for stakeholders by pinpointing high-growth segments.
• Study global industries status and forecast, focusing on key regions.
• Conduct an in-depth analysis of product segments and applications, offering strategic recommendations for competitive advantage.
• Provide a comprehensive analysis of key regions, including SWOT and Porter's Five Forces analyses.
• Assist in making strategic business decisions and investment plans.
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