The food safety products and testing market includes products and equipment that are used to ensure protection of food from contamination and adherence to regulatory quality and safety standards. Food safety products and equipment comprise cleaning and disinfection products, packaging equipment and testing instruments. Growing concerns about food contamination and increased regulations regarding food safety is estimated to drive demand for food safety products and testing solutions.
The global food safety products and testing market is estimated to be valued at US$ 1188.82 Mn in 2024 and is expected to exhibit a CAGR of 3.8% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the food safety products and testing market are Ercros, CCP, Celanese, LCY Chemical, Nantong Jiangtian, Hebei Jintaida Chemical, Shangdong Aldehyde Chemical, Yinhe Chemical, Shouguang Xudong, LINYI TAIER, Merck, Mitsubishi Gas Chemical, Chemanol, Xiangrui Chemical, Caldic. The major players are focusing on new product launches and collaborations to expand their product portfolio and global presence. Growing investments by governments and food processing companies in advanced testing infrastructure and technologies is a key opportunity in the market. The rising global food trade and stringent safety regulations in emerging economies will support the expansion of the food safety products and testing market across regions over the forecast period.
Market Drivers
The key driver for the Food Safety Products And Testing Market Growth is the rising concerns about foodborne diseases globally. According to WHO, nearly one in 10 people fall ill due to consumption of contaminated food annually. Stringent regulations regarding food safety compliance across production, packaging, and distribution is also a major factor boosting the adoption of food safety solutions. Technological advancements in testing instruments resulting in faster and accurate test results is further supporting the market growth.
PEST Analysis
Political: Food safety is regulated by various government institutions across countries and regions to ensure the health and safety of consumers. These regulations influence the demand for food safety products and testing.
Economic: Economic growth supports increased consumer spending on food products, driving the need for improved food safety measures. Testing helps industries control costs from foodborne illness outbreaks and recalls.
Social: Rising health awareness increases consumer demand for safe and certified food products. Social media spreads information fast, so any outbreak impacts brands severely and raises scrutiny on testing.
Technological: Advancements in testing technologies like Rapid DNA sequencing enables faster and more accurate detection of pathogens. Technologies facilitate on-site and real-time monitoring for industries.
North America region accounted for the largest share of the food safety products and testing market in terms of value in 2024 due to strict regulatory standards and protocols. The United States dominated the North American market owing to implementation of FSMA regulations and increasing incidence of foodborne illness outbreaks. The Asia Pacific region is expected to be the fastest growing market during the forecast period due to increasing government investments and initiatives to strengthen food safety measures in densely populated countries like India and China.
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About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
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