Food Safety Testing Industry Statistics

In this post, we will explore key statistics and trends shaping the food safety testing industry. From the projected market size to growth rates, regional insights, and emerging segments, the data presented sheds light on the dynamic landscape of ensuring food safety in a global context.

Statistic 1

"The global food safety testing market size is expected to reach USD 32.21 billion by 2027."

Statistic 2

"The food safety testing industry is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.9% between 2020-2027."

Statistic 3

"North America led the food safety testing market, accounting for over 38.3% of the global revenue in 2019."

Statistic 4

"The market for food pathogen testing will likely reach USD 5.3 billion by 2023."

Statistic 5

"Europe is even stricter in food pathogen regulations than the US, leading to a bigger market size."

Statistic 6

"By 2025, the genetically modified organism (GMO)test market in food safety testing is expected to reach USD 2.34 billion."

Statistic 7

"The seafood sector demanded the second-largest share in the food safety testing market in 2019."

Statistic 8

"The meat & poultry segment held the largest share in the food safety testing market in 2019."

Statistic 9

"Pesticide residue testing is anticipated to witness the fastest CAGR of 8.4% from 2020 to 2027."

Statistic 10

"In 2020, laboratories conducted nearly 50 percent of total food safety tests."

Statistic 11

"By 2021, 90% of the food safety testing market is expected to comply with ISO 17025."

Statistic 12

"The outsourcing of testing services held a market share of 69% in 2019."

Statistic 13

"Almost 78% of the food producers plan to increase their budget for food safety testing by 2022."

Statistic 14

"PCR-based rapid tests accounted for the highest share in the global market in 2019."

Statistic 15

"In 2019, the rapid technology type food safety testing segment was estimated to reach USD 11.54 billion."

Statistic 16

"According to a report published in 2016, almost 20% of the food products tested in India had contaminants that were above the permissible limits."

Statistic 17

"Dairy product tests will register the highest growth rate in the food safety testing market over the forecast period."

Statistic 18

"Mycotoxins are projected to be the largest and fastest-growing segment in the food safety testing market during the forecast period due to their high toxicity levels."

The statistics presented clearly indicate a thriving food safety testing industry with significant market growth and trends. The market is projected to expand substantially, with various segments such as food pathogen testing, GMO testing, and pesticide residue testing expected to witness notable growth. Notably, North America and Europe emerge as key players in implementing stringent regulations, driving market demand. The increasing focus on compliance with industry standards like ISO 17025 and the rise in outsourcing testing services further underscore the importance of food safety in the global market. Overall, the data signifies a robust and evolving landscape for food safety testing, with continuous innovation and investment anticipated in the coming years.