The global market for food safety testing should grow from $16.3 billion in 2019 to reach $23.4 billion by 2024 at a compound annual growth rate (CAGR) of 7.5% for the period of 2019-2024.
- 122 tables
- Comprehensive study and an in-depth analysis of the global markets for food safety testing technologies
- Analyses of global market trends, with data from 2018, estimates for 2019, and projections of compound annual growth rates (CAGRs) through 2024
- Coverage of market size for the various testing technologies, and information on how each test satisfies the needs of food processors and, in turn, consumers
- Assessment of the now sizable expenditures in government food safety testing and the market effect of government regulatory programs
- Identification of new technologies in the food-safety testing industry and analyses of patent activity
- Company profiles of the leading market players, including 3M Co., Bio-Rad Laboratories, Inc., Biotest AG, Perkin Elmer, Inc., and Strategic Diagnostics, Inc. (SDIX)
The scope of this report is comprehensive, covering the present status and future prospects for the markets for food safety testing in North America, Europe, Asia Pacific, South America, and the rest of the world (ROW). The food safety testing market is analyzed globally based on the types of contaminants, namely pathogens, pesticides, GMOs, toxins, residues, and others, and also in terms of their testing processes.
The major food types tested in food safety testing are meat and poultry, dairy, grains, eggs, fish and seafood, beverages, and other food types. The market for testing every contaminant in food is covered in this report. The revenue forecasts from 2019 to 2024 are explained for each food testing method by technology, food and region.
The report also provides a detailed analysis of the major food safety testing product vendors, as well as company profiles. It also explains the major market drivers for the global food safety testing market, the current trends within the industry and major end-user industries for the food safety testing market.
Projected and forecasted revenue values are in constant U.S. dollars, unadjusted for inflation.
Andrew McWilliams spent more than 25 years as a consultant with Ernst & Young, McKinsey & Company and A.T. Kearny focused on manufacturing before segueing into research analysis. He has been covering myriad technology categories for BCC Research for more than 15 years. McWilliams has a BA from Princeton University and an MA from Harvard University. He has worked in more than 40 countries and he resides in the greater Boston area.
The global food safety testing market reached $10.5 billion in 2014, and should reach about $13.6 billion in 2019 with a five year compound annual growth (CAGR) of 5.3% through 2019.
- An overview of the global market for food safety testing and related technologies.
- Analyses of global market trends, with data from 2013, estimates for 2014, and projections of compound annual growth rates (CAGRs) through 2019.
- Discussion on the development and marketing of food safety testing technologies.
- Descriptions of market trends for various testing technologies in terms of how each test satisfies the needs of food processors and, in turn, consumers.
- Analysis of the market effect of government regulatory programs.
- Relevant patent analysis.
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.
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