The market for food safety testing is projected to grow from USD 17.0 billion in 2018 to USD 24.6 billion by 2023, at a CAGR of 7.7% during the forecast period. This is attributed to the growth in demand for convenience and packaged food products, an increase in outbreaks of chemical contamination in food processing industries, and the rise in consumer awareness about food safety. However, the increase in global outbreaks of foodborne illnesses and globalization in food trade drive the demand for food safety testing services.

The meat, poultry, and seafood segment is projected to account for the largest market share during the forecast period.

Among foods tested, the market is estimated to be dominated by the meat, poultry, and seafood segment in 2018. The contamination of meat & poultry products is often observed during processing, packaging, and storing. The Food Safety and Inspection Service (FSIS) has framed regulations to control the contamination of meat & poultry products in slaughterhouses and processing plants, based on the HACCP food safety control system. A major factor that drives the growth of the seafood testing service industry is the high demand for seafood products such as crustaceans, shrimp, crabs, lobsters, tuna, marlin, and swordfish, due to their nutritional values such as the presence of omega fatty acids and other essential nutrients.

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Europe is projected to account for the largest market share during the forecast period.

The European market accounted for the largest share in the food safety testing market. European countries have recorded many issues related to food safety over the past few years. As a result, stringent policies have been regulated to implement complete food safety for the public. In Europe, food safety policies have been emphasized by efforts from Control Laboratories (CLs), National Reference Laboratories (NRLs), and EU Reference Laboratories (EURLs). These authorities have played an important role in maintaining food standards and protecting consumer health by ensuring the quality of the food supply chain.

Key Market Players

The major vendors in the global food safety testing market are SGS (Switzerland), Eurofins (Luxemburg), Intertek (UK), Bureau Veritas (France), Mérieux (US), ALS Limited (Australia), TUV SÜD (Germany), and TÜV Nord Group (Germany), Microbac Laboratories (US), AsureQuality (Australia), FoodChain ID (US), Romer Labs (Australia), Symbio Laboratories (Australia), and RJ Hill Laboratories (New Zealand). These players have broad industry coverage and strong operational and financial strength; they have grown organically and inorganically in the recent past. The industry players, such as SGS (Switzerland) acquired Oleotest NV (Belgium), a provider of chemical testing services for food, feed, and agricultural commodities. This acquisition was expected to provide the company an entry into a complementary segment for chemical analyses, thereby strengthening its leading position for agriculture & food testing in Belgium, in April 2018.