The Food Safety Testing Kits Market size is projected to reach US$ 42.14 billion by 2031 from US$ 23.83 billion in 2023. The market is expected to register a CAGR of 7.4% in 2023–2031. Significantly growing food & beverages industry is likely to remain key food safety testing kits market trends.
All antibiotics and other antimicrobials are used to treat infections caused by bacteria. The misuse and overuse of antimicrobials in human and veterinary medicine has been linked to the emergence of resistant bacteria rendering the treatment of humans and animals ineffective. Antimicrobial medicine is identified as one of the biggest threats to modern medicine. Therefore, it has become extremely important to detect the contaminants beforehand and prevent them from entering the food chain. Thus, the importance of food safety testing kits has been increasing globally in terms of volume. Moreover, the decline in food service demand for oilseeds and grains harmed sales during 2020, the reopening of global foodservice platforms and higher selling prices is expected to boost the food safety testing kits market growth over the forecast period.
Food safety testing is a scientific analysis of a food product and its contents to find information about various characteristics such as physiochemical properties, composition, and structure. The information is used to determine the safety of the product for consumption. The rising prevalence of foodborne illnesses demands food safety testing for all food and beverage products to prevent health hazards, which boosts the growth of the food safety testing kits market.
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Food Safety Testing Kits Market: Strategic Insights
The food and beverages industry is all companies involved in distributing, packaging, and processing of food materials. This includes non-alcoholic beverages, alcoholic beverages, packaged foods, and fresh foods. Almost all products meant for human consumption, excluding pharmaceutical products, are included in this industry. The food and beverage industry is becoming increasingly focused on mechanical manipulation and technology to create more value-added products. Moreover, with population growth and rising middle class in developing countries, the demand for variety of food products is increasing. Thus, with growing food & beverage industry driving the food safety testing kits market growth.
The dairy sector is one of the most vulnerable sectors to foodborne illnesses as dairy products harbor a variety of microorganisms. As pasteurization may not destroy all pathogens in milk, testing of milk becomes essential to ensure safety. Milk is also one of the products that is consumed daily in large quantities all over the world. Thus, the high milk consumption leads to a higher volume of food safety testing kits driving the market further.
Key segments that contributed to the derivation of the food safety testing kits market analysis are contaminants, technology, and food type.
The geographic scope of the food safety testing kits market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
The food safety testing kits market in North America is significantly In North America, the food safety testing kits market is currently in the growth phase and experiencing exponential growth. North America is a major hub for food processing. According to the US Food and Drug Administration (FDA), 99,451 domestic food facilities were registered as of September 2022, in the US. Countries in North America have strict regulatory bodies pertaining to food safety the high quantity of food processing in the region is expected to affect the food safety testing kits market growth positively.
The regional trends and factors influencing the Food Safety Testing Kits Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Food Safety Testing Kits Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 23.83 Billion |
| Market Size by 2031 | US$ 42.14 Billion |
| Global CAGR (2023 - 2031) | 7.4% |
| Historical Data | 2021-2022 |
| Forecast period | 2023-2031 |
| Segments Covered |
By Contaminant
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Food Safety Testing Kits Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Food Safety Testing Kits Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The food safety testing kits market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion and strategies:
The “Food Safety Testing Kits Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas: