Food Safety Testing Market Valued Over US$658.5 Million

  • Thursday, 06 July 2017 10:00
  • Published in Business News
  • Read 620 times

The food safety testing market is projected to increase at a CAGR of 8.9 percent from 2017 to 2025, according to market intelligence company Transparency Market Research.

The market is estimated to be valued over US$658.5 million in 2017. There is a growing demand for food safety testing by food manufacturers due to various factors—such as the rising incidences of food contamination. The market growth is boosted by increasing awareness on foodborne diseases, and technologically advanced techniques and equipment developed for food safety testing.

Various macroeconomic factors such as rising disposable incomes and increasing food trade in Asia Pacific and other developing regions are expected to fuel the demand for food safety testing over the forecast period. Diagnostic test products are primed for sturdy growth over the forecast period, aiding the expansion of the market. The growth of these products can be attributed to the increased inspection of food plants by regulatory bodies.

By contaminants type, the global food safety testing market is segmented into pathogens, genetically modified organisms, chemicals and toxins, and others. Among all the segments, the pathogens segment is estimated to account for 42.5 percent of market share, in the overall global food safety testing market.

By end-use, the global food safety testing market is segmented into food, agriculture and environment. Among all these segments, the food segment is expected to dominate the global food safety testing market by the end of forecast period. Factors such as increasing awareness regarding genetically modified fruits and vegetables and increasing regulatory restrictions on GMO-derived foods are factors expected to drive growth of this segment over the forecast period.

By technology, the global food safety testing market is segmented into quantitative polymerase chain reaction (q-PCR) and digital polymerase chain reaction (d-PCR). Among technology type, the d-PCR segment is expected to account for high CAGR in the market over the forecast period. q-PCR is expected to closely follow the d-PCR segment.

qPCR is an accurate gene analysis technique and is used for a broad range of applications including quantitative gene expression analysis, genotyping, SNP analysis, pathogen detection, drug target validation, and for measuring RNA interference. d-PCR is a new approach to nucleic acid detection and quantification, which is a different method of absolute quantification and rare allele detection relative to conventional qPCR, as it directly counts the number of target molecules rather than relying on reference standards or endogenous controls.

There are certain factors which might hamper the growth of the global food safety testing market such as lack of uniformity in global regulatory guidelines. This is due to different regions having different guidelines for trading of consumer goods—including food and feed, and agricultural products.

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Asia Pacific Food Industry (APFI) is Asia’s leading trade magazine for the food and beverage industry. Established in 1985, APFI is the first BPA-audited magazine and the publication of choice for professionals throughout the industry with its editorial coverage on the latest research, innovative technologies, health and nutrition trends, and market reports.

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