This article is written and sponsored by Transparency Market Research.
Industrial production of food is subject to handling errors, undercooking, and inappropriate storage conditions that could lead to contamination. Additionally, new pathogens, chemical hazards, and disease can affect farmers, food manufacturers, and other entities across the food value chain.
The consumption of contaminated food can have legal consequences as well. With that, food safety testing is conducted at stages across the production process to ensure food safety and quality.
In light of these factors, the food safety testing market is estimated to expand at a CAGR of 8.1% during the forecast period from 2020 to 2030.
As the global population grows, farmers will need to boost agricultural produce, which in turn, provides support to the food safety testing market.
According to projections by the United Nations Food and Agriculture Organization, food production must be increased by 70% by 2050 to meet the growing food demand.
The outbreak of COVID-19 created opportunities in the food safety testing market, highlighting the need for safe and healthy food production.
Adoption of Novel Technologies Gaining Steam
Emerging economies in the Asia Pacific and Middle East & Africa regions are becoming key growth areas for the food safety testing market, attracting the interest of large market players.
Authorities in several countries are developing stringent food safety regulations for food producers, food processing units, importers, and exporters to control the food quality.
Food manufacturers are increasingly getting their products tested to avoid penalty by authorized food testing companies.
Blockchain, NGS, and IoT are some novel technologies that are being incorporated into food safety testing.
Dairy products and meat & poultry products are the leading segments of the food safety testing market.
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