Tuesday, 02 January 2024 12:17 GMT

Food Safety Testing Market From 2024-2032 On The Rise: Expected To Reach US$ 40.91 With Strong 7.3% CAGR


(MENAFN- EIN Presswire)

Food Safety Testing Market

Growing cases of food-borne illnesses are driving the market demand.

Ascertaining the standard and security of the food is vital, rendering food safety testing significant.” - Polaris Market ResearchNEW YORK CITY, NY, UNITED STATES, October 17, 2024 /EINPresswire / -- Our food safety testing market report has been prepared using advanced methodologies and research techniques to help businesses make strategic business decisions.

According to an exhaustive report by Polaris Market Research, the global food safety testing market is poised for significant growth over the next decade. In 2023, global sales income reached USD 23.21 billion. Predicted to boost at a robust CAGR of 7.3%, the market is estimated to reach USD 40.91 billion by 2032.

Market Introduction:
Food safety testing laboratories and food firms continuously carry out food safety tests to ascertain the product made by them is edible utilizing microbiological analysis. But relying on the ingredients of the recipe, the laboratories suggest appropriate testing for microbes. The laboratories do not test for pathogens or food that has been deliberately polluted. Food production firms execute food safety testing to prohibit food poisoning upsurge.

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Currently, the surge in the attentiveness of consumers to food safety and quality problems and the potential of speedily allocating these problems through social media merged with augmenting regulatory resourcefulness such as the Food Safety Testing Modernization Act (FSMA) has enhanced the significance of testing. The majority of food-making firms have occupied themselves in reconsidering the alternatives to carry out food safety tests as productively as feasible. One of the supreme alternatives includes the establishment of an in-house laboratory, pushing the food safety testing market demand.

Market Drivers and Opportunities:
Growing Awareness about Food Contamination: The market is witnessing growth due to the growing public recognition of food pollutants and food-borne diseases together with the progression in testing methodologies boosting the demand for food safety testing market growth.

Rise in Food-Borne Illnesses: Food-borne diseases essentially result from the intake of polluted, blemished, and declining food items serving as breeding platforms for several microorganisms such as fungi, bacteria, parasites, and viruses. The surge in cases is propelling a notable escalation in demand for food testing kits, machinery, and systems, thus pushing the market.

Long Lasting Disabilities: Listeria contamination may cause miscarriage in pregnant women or termination of newborns, while chemical contamination can create critical poisoning or outcome in extended diseases such as cancer. Foodborne illnesses have a probability of enduring impairment and death.

Some of the major players operating in the global market include:
.AsureQuality Limited
.Bureau Veritas
.Eurofins Scientific SE
.Intertek Group PLC
.Merieux Nutrisciences
.NSF International
.SGS S.A.
.TUV SUD
.UL LLC

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Segmental Analysis:
.The food safety testing market segmentation is based on test, application, and region.

.By test analysis, the microbiological testing segment held the largest market share. This is due to it playing an important part in recognizing microorganisms in food utilizing biological, chemical, molecular or biochemical approaches offering accurate perspective into their composition.

.By application analysis, the meat, poultry, and seafood product segment is poised to register a significant CAGR. This is due to the growing aggregate of persons eating processed poultry in several settings, including homes, restaurants, fast food joints, and other locations.

Regional Overview:
The research report covers all the major regions and sub-regions of the food safety testing market. The study provides market insights into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

North America: North America accounted for the largest market share. This is primarily because of engaging futuristic manufacturing and marketing policies.

Asia Pacific: Asia Pacific is anticipated to witness the fastest CAGR from 2024 to 2032. The region's execution of strict directives regarding food safety. Governments have set in motion several directives earmarking selectors, consumers, and producers.

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FAQs:
What is the CAGR estimated to be calculated for the food safety testing market?
The market exhibited a CAGR of 7.3% during the forecast period.

What are the key segments covered in the food safety testing market?
The market report covering key segments are test, application, and region.

What are the key driving factors in the market?
The key driving factors in the market are the increasing occurrences of foodborne illnesses.

What will be the market value estimated by the end of 2032?
The market size worth USD 40.91 Billion By 2032.

Browse PMR's Food Safety Testing Market Report Coverage from Different Publications:

Food Safety Testing Market Size Expected to Boom, Reaching $40.91 Billion by 2032 As Revealed In New Report

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About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

Likhil G
Polaris Market Research and Consulting
+ + 1 929-297-9727
email us here
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Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

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