Global Markets and Technologies for Food Safety Testing

The U.S. market for food-safety testing was valued at $3.3 billion in 2011 and is projected to increase slightly in 2012. In 2017, the market should reach nearly $4.4 billion after increasing at a five-year compound annual growth rate (CAGR) of 5.6%.

• The total U.S. food safety testing market is valued at $3.4 billion in 2010 and is projected to increase at a 6.6% compound annual growth rate (CAGR) over the next 5 years.  The total sector market value should climb to $4.7 billion in 2015.
  
• The need to preserve foreign markets has testing for genetically modified organisms (GMOs) on the upswing and should propel a compound annual growth rate (CAGR) in that market at a projected 4.7% through 2015 when the market value should be $126 million, up from $100 million for 2010.
  
• At present, the sheer number of bacteria, and the amount of routine testing conducted, give pathogens the lion’s share ($3 billion) of the $3.4 billion U.S. food-safety testing market value for 2010. This sector will increase at a 6.7% compound annual growth rate (CAGR) to reach $4.2 billion in 2015.

• The U.S. food safety testing market value increased from $2.0 billion in 2006 to an estimated $2.1 billion in 2007. it should reach $2.8 billion by 2012, a compound annual growth rate (CAGR) of 5.8%.
• The growth rate reflects demand for pathogen testing, where implementation of standard hygiene practices and a stringent regulatory environment has slowed the incidence of microbial infections.
• The potency of toxins should propel testing for contaminants from a $78 million market in 2007 to a $135 million market in 2012, a CAGR of 11.6%.

• The U.S. market for food safety testing was valued at $276.7 million in 2004 (31.339 million tests) and should increase to $415.6 million in 2009 (40.309 million tests), rising at an average annual growth rate (AAGR) of 8.5%.
• The largest share of sales will be for tests to detect pathogens ($171.4 million in 2004 and $259.6 million in 2009), because of the threat they pose to consumer health and safety
• Tests for pesticide residues represent a significantly smaller market, but will see a similar growth rate.
• The desire to preserve foreign markets and for food processors to protect themselves at every stage is propelling the 13.7% AAGR for testing for GMOs. Sales of $29.9 million should climb to $56.7 million in 2009.
• For other contaminants, testing is expected to continue at a sustained pace (5.1%) through 2009.

• Sales in the U.S. of food testing products will increase from $149.5 million in 2000 to $239.4 million in 2005 at an AAGR (average annual growth rate) of 9.9%.
• The total number of tests for pathogens and pesticides performed in 2000 will be 27.53 million, rising to 34.15 million in 2005.
• The larger share (82%) will be for tests to detect pathogens. These will rise at an AAGR of 9.4% to $192.5 million in 2005.
• Sales of pesticide-residue tests will increase at an AAGR of 7.7% from $8.9 million in 2000 to $12.9 million in 2005.
• The GM testing market, worth $18 million in 2000, is expected to have the fastest growth of 13.6% per year on average.