stockexchangecentral.com
unprecedented growth forecasted in global food safety testing 146

Market Trends

Unprecedented Growth Forecasted in Global Food Safety Testing

reading

Lauren Miller

April 5, 2024 - 08:05 am

reading

Exploring the Surge in Global Food Safety Testing Market Dynamics

NEW YORK, April 5, 2024 /PRNewswire/ -- The international landscape of food safety has never been more critical, and a new report by Technavio estimates a significant growth in the global food safety testing market. Over the coming years from 2024 to 2028, this sector is projected to expand by USD 10.51 billion. Propelling at a Compound Annual Growth Rate (CAGR) of 8.28%, the industry's upward trajectory is largely attributable to tighter controls enforced by authoritative bodies such as the European Commission and the European Food Safety Authority (EFSA).

These organizations vigilantly govern food safety parameters, setting caps on contamination levels and overseeing the testing of various harmful substances in food items, including metals, allergens, residues, and mycotoxins. Notably, they mandate the examination for nitrates in organic foods, addressing the concerns of health-conscious consumers worldwide.

Technological innovations have been instrumental in this growth, bringing forth an array of sophisticated testing apparatus, kits, systems, and mobile applications designed for the detection of allergens, microbial and chemical contaminants. Furthermore, they have contributed to the development of comprehensive traceability systems, significantly impacting food safety measures.

Consumer demands for food assurance play a pivotal role in steering this industry, where the anxiety over food-borne diseases remains a dominant issue. As a result, the food safety testing market has evolved into a high-cost arena focused on public health assurance and the prevention of illness due to contaminated food products.

Technavio Report: A Detailed Examination of the Food Safety Testing Market

A closer look at the Technavio report (Global Food Safety Testing Market 2024-2028) further elucidates the dynamics of the market. The study throws light on the exponential growth, forecasting an escalation propelled by the adoption of rapid testing methodologies catering to a myriad of food safety aspects.

These cutting-edge methods, encompassing technologies such as Polymerase Chain Reaction (PCR), immunoassays, biosensors, and molecular-based techniques, afford swift and accurate identification of pollutants. The process encapsulates the detection of heavy metals, mycotoxins, and chemicals, which are potential threats lurking in our daily food intake.

In the United States, the breadth of this market encompasses key industry players from food processing, meat and poultry, to dairy products sectors. Testing kits and machinery have become indispensable tools, diligently ensuring the safety aspect of food production and consumption. As health awareness and related concerns of foodborne diseases escalate, regulatory establishments like the Food Safety and Standards Authority of India (FSSAI) and the World Health Organization (WHO) have become more meticulous in enforcing stringent regulations ensuring food safety.

The adaption to technological advances, such as innovation in information technology, the advent of smartphone applications, and traceability systems, has refined the processes in the food safety testing sector. These improvements not only help in cutting down costs related to transportation but also play a crucial role in curbing the risks associated with cross-contamination.

Despite the technological progress and demand for food safety, the high costs associated with these sophisticated technologies pose a significant challenge for small-scale businesses and industries. In essence, the growing demand for food safety testing underscores its critical role in ensuring consumer health, reducing healthcare costs, and maintaining productivity by limiting foodborne diseases and contamination risks.

Regional Growth and Segment Analysis

With North America leading the charge, the food safety testing market is witnessing substantial growth. As much as 41% of the market's advancements are attributed to this region. This surge is partly due to the bolstered governmental aid and the formulation of stringent regulations such as the US FDA's Final Rule for Laboratory Accreditation, an integral part of the Food Safety and Modernization Act (FSMA) focusing on pre-emptive measures against the adulteration of food products.

Moreover, the WHO accentuates the importance of food safety, linking it directly to public health, productivity, and the management of medical costs. The emergence of technological innovations, including traceability tools and smart systems, is revolutionizing the domain of food safety testing. Prominent areas of priority include allergen, chemical, and contamination testing.

Targeted food groups like red meats, seafood products, shrimp, crustaceans, crabs, tuna, lobsters, swordfish, and marlin, are under rigorous scrutiny for potential threats. While the need for specialized equipment and expertise underlines the importance of precision and efficiency in testing practices, the industry faces hurdles including cross-contamination, sustainable practices, and adhering to stringent regulations. The food testing kits, machinery, and systems, including transportation and information technology, are indispensable components of this market. The American consciousness is increasingly receptive to the risks posed by pollutants such as heavy metals, mycotoxins, and chemicals present in food.

Market Drivers and Future Trends

The adoption of robotics in food manufacturing has become a significant driver in the food safety testing market. Robots come equipped with capabilities to function in harsh conditions, minimizing human contact with food, thus showcasing an elevation in safety standards. The World Health Organization has outlined the detrimental effect of contaminated food on public health and productivity, advocating for the necessity of rigorous testing for microbiological and chemical pollutants, as well as disease-causing pathogens.

Moreover, innovative tools designed for traceability, accuracy, efficiency in testing, and regulatory compliance are manifestations of technological progress within the industry. However, specialized equipment and expert analysis command a hefty investment, posing challenges, particularly for small-to-medium-sized enterprises.

Global segments like developing countries face a glaring dilemma—the dearth of affordable and accessible high-quality food safety testing, especially for high-risk foods such as red meats and seafood. The outsourcing and localization of equipment and system production have the potential to alleviate this concern to some extent. However, infrastructural inadequacies and workforce capability gaps continue to hinder the progress within these regions and industry sectors, such as India's Food Safety Department.

Advancements in Technology and Its Impact on Market Growth

Technological strides in areas like food testing kits, machinery, and system implementations have paved the way for advancements, but the crux lies in overcoming transportation and accessibility hurdles. The industry faces the pivotal challenge of democratizing technology, thus broadening its reach to ensure that advancements lead to tangible benefits in food testing across diverse economic landscapes.

Market growth is unquestionably driven by heightened consumer awareness, a surge in demand for safer and healthier food options, and the stringent regulations in play that demand advancements in the food safety sector. As innovations materialize, they foster an easier compliance pathway, reduce cross-contamination risks, and enhance the overall ethos of food safety.

Ensuring Food Safety and Guarding Against Future Threats

In conclusion, the Food Safety Testing Market stands as a sentinel, safeguarding public health and ensuring food products meet safety and hygiene standards. This market encapsulates a myriad of testing technologies and tackles various contaminants, from chemical pollutants to deadly pathogens. As it stretches across multiple food industry sectors, its raison d'être is to ensure compliance with regulatory mandates and address consumer safety concerns.

The upswing in advanced technological solutions offering real-time monitoring positions the market on the cusp of a major evolutionary leap. With innovations such as blockchain and artificial intelligence entering the fray, future opportunities for growth and enhancement in the food safety testing space appear expansive and promising.

For in-depth insights into the market dynamics, including country and region-specific analyses and forecasts, readers are encouraged to access a sample report provided by Technavio through the following link: Request a sample report!

About Technavio

Technavio is a global frontrunner in technological research and advisory services. Their comprehensive research spans emerging market trends and furnishes businesses with actionable insights, aiding in the identification of market opportunities and the development of efficacious market strategies. Their vast roster of reports supports a clientele that includes enterprises of varying sizes, including numerous Fortune 500 companies. Visit Technavio's official website at www.technavio.com for more information.

For additional queries, please reach out to Technavio Research Media & Marketing Executive Jesse Maida via email at [email protected] or visit their official website.

Contacts

Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com

SOURCE: Technavio