What Is The Future Scope Of The Food Safety Testing Market Amidst covid-19

By Author: Kerry Fido
Total Articles: 33
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The market for food safety testing will see an upward trend in the near future due to the outbreak of COVID-19 and pandemic caused by it across the globe. Rising household income, consumer demand for better food quality and safety, and increasing awareness of maintaining a healthy diet are the major factors that have led to the demand for the food safety testing market.

The need for food safety testing is substantial in developed regions such as North America and Europe and emerging in other developing regions such as Asia Pacific. The demand for food safety testing is expected to grow in the coming years. This consumer trend and growth in stringent regulations have increased the growth potential of food safety testing of packed and processed food products.

COVID-19 impact on food safety testing market is estimated to be valued at USD 10.5 billion in 2020 in the realistic scenario, whereas it is projected to reach USD 13.3 billion by 2021 in the optimistic scenario. The ...
... CAGR for the optimistic scenario is expected to be 21.4% from 2019 to 2021.

The rising number of health-conscious consumers and increasing awareness about healthy and safe food products have led to the demand for food safety testing. Moreover, the outbreaks caused due to foodborne diseases have further encouraged the government to introduce various regulations on food safety and its quality; these factors have significantly driven the growth of the food safety testing market.

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The Asia Pacific food safety testing market is projected to have higher growth potential in the coming years. A large consumer market and increasing disposable income in India and China are driving the growth of demand for high-quality and safe food products. Also, China and India are major exporting countries for food products, due to which they need to follow the regulations provided by the federal bodies of importing countries, thus leading to the growth of the food safety testing market in the region.

The key players in this market include Eurofins (Luxembourg), SGS (Switzerland), Intertek (UK), Bureau Veritas (France), and TUV SUD (Germany). Eurofins (Luxembourg) is an international group of laboratories that provide testing and support services to the food industries as well as to governments. The company capitalizes on a portfolio of 150,000 reliable analytical methods that enable it to offer services that characterize and study the safety, identity, purity, composition, authenticity, and origin of products & biological substances. As a result of the COVID-19 outbreak, the company is providing the guidelines for handling food products to have better and safe food for consumption.

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