According to a new report, published by KBV research, The Global Food Safety Testing Market size is expected to reach $32.5 billion by 2030, rising at a market growth of 7.1% CAGR during the forecast period.
The Meat & Meat Product segment is showcasing a CAGR of 6.7% during (2023 - 2030). Ensuring the safety of meat and meat products is paramount due to the potential health risks associated with contamination. Microbial pathogens, such as Salmonella, E. coli, and Listeria, can pose significant threats to public health if not adequately addressed through rigorous testing measures. Thus, these factors will assist in the expansion of the segment.
The PCR-Based Assay market is leading the Global Food Safety Testing Market by Technology in 2022; thereby, achieving a market value of $15.3 billion by 2030. PCR-based assays offer high sensitivity and specificity in detecting target DNA or RNA sequences. This level of precision is crucial in identifying even trace amounts of pathogens or contaminants in food samples, enhancing the accuracy of testing results. Multiplexing is a capability of PCR that permits the detection of multiple target sequences simultaneously in a single reaction. This capability is advantageous in food safety testing, where multiple pathogens or genetic markers may need to be assessed in a single sample. Therefore, these factors will assist in the growth of the segment.
The Genetically Modified Organism (GMO) segment is registering a CAGR of 7.3% during (2023 - 2030). Genetically modified ingredients have become prevalent in various food products, ranging from crops like corn and soy to processed foods containing derivatives of GMOs. This increased adoption is driven by improved crop yields, resistance to pests, and enhanced nutritional profiles. Thus, these factors will boost the demand in the segment.
Full Report: https://www.kbvresearch.com/food-safety-testing-market/
The North America region dominated the Global Food Safety Testing Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $10.6 billion by 2030. The Europe region is experiencing a CAGR of 6.8% during (2023 - 2030). Additionally, The Asia Pacific region would exhibit a CAGR of 7.7% during (2023 - 2030).
By Food Tested
By Technology
By Type
By Geography
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