Food Safety Products and Testing Market to Reach US$859.1 Mn in 2021

Food Safety Products and Testing Market
Food Safety Products and Testing Market 


Market Overview:

The global Food Safety Products and Testing Market is estimated to be valued at US$859.1 million in 2021 and is expected to exhibit a CAGR of 9.6% over the forecast period from 2022 to 2030, according to a new report published by Coherent Market Insights. Food safety products and testing play a crucial role in ensuring the safety and quality of food products. These products are used to detect and eliminate harmful substances, such as pathogens, pesticides, and contaminants, from food items. The increasing consumer awareness and concern about foodborne illnesses and the stringent government regulations regarding food safety are driving the demand for food safety products and testing in the market.

Market Key Trends:

Foodborne illnesses and contamination outbreaks have been a major concern globally, leading to an increased emphasis on food safety measures. As a result, there is a growing trend of adopting advanced testing solutions for food safety. One key trend in the market is the increasing use of rapid testing methods. Rapid testing techniques, such as PCR (polymerase chain reaction), ELISA (enzyme-linked immunosorbent assay), and biosensors, provide quick and accurate results compared to traditional methods. These methods help in detecting pathogens, allergens, and contaminants in a shorter time frame, thus facilitating timely interventions and reducing the risk of foodborne illnesses. The demand for rapid testing methods is expected to grow significantly over the forecast period, driven by the need for efficient and reliable food safety screening.


Segment Analysis:

The food safety products and testing market is segmented based on product type, technology, application, and region. In terms of product type, the dominating segment is testing kits and reagents. This segment is expected to hold a significant market share in the forecast period. The increasing number of food safety regulations and the need for rapid and accurate testing methods are driving the demand for testing kits and reagents. These products offer quick and reliable results, ensuring the safety and quality of food products. Advances in technology have led to the development of innovative testing kits and reagents, further propelling the growth of this segment. Additionally, the accessibility and cost-effectiveness of these products make them highly attractive to food manufacturers and testing laboratories.

Key Takeaways:

The global food safety products and testing market is expected to witness high growth, exhibiting a CAGR of 9.6% over the forecast period. This growth is primarily driven by increasing awareness regarding food safety and the implementation of stringent regulations by regulatory authorities. The growing consumer demand for safe and high-quality food products is also contributing to market growth. Furthermore, advancements in technology, such as rapid testing methods and the development of innovative products, are fueling market expansion.

In terms of regional analysis, North America is the fastest-growing and dominating region in the food safety products and testing market. The region has a well-established food safety infrastructure and regulatory framework. Stringent regulations set by the FDA and other regulatory bodies have compelled food manufacturers and testing laboratories to adopt advanced testing methods and ensure compliance with food safety standards. Additionally, increasing consumer awareness and demand for safe food products are driving the market in this region.

Key players operating in the food safety products and testing market include Intertek Group Plc, SGS SA, Eurofins Scientific SE, Thermo Fisher Scientific, Inc., ALS Limited, Asurequality Limited, Bio-Rad Laboratories, Inc., and Bureau Veritas SA. These key players have a strong presence in the market and offer a wide range of food safety products and testing services. They are actively involved in research and development activities to introduce new and improved testing methods and technologies. These players also focus on strategic collaborations, acquisitions, and partnerships to expand their market share and strengthen their position in the food safety products and testing industry.

Read More:

https://www.ukwebwire.com/food-safety-products-and-testing-market-increasing-demand-for-food-safety-measures-drives-market-growth/

 

Comments

Post a Comment

Popular posts from this blog

Interior Fit Out Market is Estimated To Witness High Growth Owing To Rising Construction Expenditure

Image
Interior Fit Out Market  The global Interior Fit Out Market is estimated to be valued at US$ 58.91 Bn in 2022 and is expected to exhibit a CAGR of 7.9% over the forecast period 2023-2030. Market Overview: Interior fit out involves furnishing and equipping commercial spaces with necessary fixtures, furniture and equipment. It enhances productivity by providing a healthy, elegant and efficient workspace. Interior fit outs provide adaptability, easy maintenance and upgradeability to interior spaces. Market key trends: One of the key trends in the interior fit out market is increased adoption of sustainable interior fit out solutions. Growing environmental concerns have prompted various organizations to incorporate eco-friendly materials and energy efficient fixtures in their interior designs. For example, usage of recycled, recyclable and zero VOC content materials for flooring, partitions and furniture. Furthermore, efficient lighting and HVAC systems are being integrated to reduce ener
Read more

India Pharmaceutical Packaging Market Projected to Reach US$1.7 Bn by 2023, with a CAGR of 9.7%

Image
India Pharmaceutical Packaging Market Market Overview: The India pharmaceutical packaging market is expected to witness significant growth over the forecast period 2023-2030. The market is estimated to be valued at US$1.7 billion in 2023, with a projected compound annual growth rate (CAGR) of 9.7% during the forecast period. The pharmaceutical packaging products provide essential functionalities such as protection, containment, and tamper evidence for various pharmaceutical products. These packaging solutions not only ensure product integrity but also help in maintaining drug safety and efficacy. Thus, the increasing need for secure and compliant packaging solutions to meet regulatory requirements and ensure product quality is fueling the demand for pharmaceutical packaging in India. Market Key Trends: One of the key trends observed in the India pharmaceutical packaging market is the shift towards sustainable and eco-friendly packaging solutions. With the growing concern for the envir
Read more

Global Aluminum Railing Market Is Estimated To Witness High Growth Owing To Rapid Urbanization and Increasing Demand for Low-Maintenance Building Materials.

Image
Aluminum Railing Market  The Aluminum Railing Market is estimated to be valued at US$970.9 million in 2023 and is expected to exhibit a CAGR of 2.7% over the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights. Market Overview: Aluminum railings are widely used in various constructions due to their lightweight, durability, and low maintenance. These railings find extensive applications in residential, commercial, and industrial buildings, providing safety and enhancing the aesthetics of the structures. They are also preferred over other materials due to their corrosion resistance and ability to withstand harsh weather conditions. The increasing emphasis on architectural designs and the growing urbanization trends are driving the demand for aluminum railings globally. Additionally, the need for low-maintenance building materials and the rising construction activities in emerging economies are further fueling the market growth. Market Dynam
Read more