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Europe Food Safety Testing Market
No. of Pages: 140 | Report Code: TIPRE00026204 | Category: Consumer Goods
No. of Pages: 140 | Report Code: TIPRE00026204 | Category: Consumer Goods
Market Introduction
Food safety testing is a scientific analysis of a food product and its contents to find information about various characteristics such as physiochemical properties, composition, and structure. The information is used to determine the safety of the product for consumption. The rising prevalence of foodborne illnesses demands food safety testing for all food and beverage products to prevent health hazards, which boosts the growth of the food safety testing market.
Strategic insights for the Europe Food Safety Testing provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Europe Food Safety Testing refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.Europe Food Safety Testing Strategic Insights
Europe Food Safety Testing Report Scope
Report Attribute
Details
Market size in 2021
US$ 5,758.8 Million
Market Size by 2028
US$ 9,146.8 Million
Global CAGR (2021 - 2028)
6.8%
Historical Data
2019-2020
Forecast period
2022-2028
Segments Covered
By Contaminant
By Technology
By Food Type
Regions and Countries Covered
Europe
Market leaders and key company profiles
Europe Food Safety Testing Regional Insights
Market Overview and Dynamics
The Europe food safety testing market is projected to reach US$ 9,146.8 million by 2028 from an estimated value of US$ 5,758.8 million in 2021; it is likely to grow at a CAGR of 6.8% from 2021 to 2028. The major factors driving the market’s growth are the greater emergence of foodborne illness and the ascension of Europe food & beverages industry. However, the insufficient food safety testing methods are hampering the market growth.
The food & beverages industry of all companies involves distributing, packaging, and processing of food materials. The food & beverages industry is increasingly focused on mechanical manipulation and technology to create more value-added products. Changing lifestyles and hectic schedules are leading to increased consumption of ready-to-eat meals. Many industries reported to have suffered heavy losses and stagnancy or low growth during amid lockdowns enforced worldwide due to the COVID-19 pandemic in 2020. However, the food & beverages industry was one of the very few industries that reported growth in 2020. The growth was especially observed in fast moving consumer goods (FMCG) in food products recording double-digit growth in 2020. Although the decline in foodservice demand for oilseeds and grains negatively impacted sales in 2020, the reopening of Europe foodservice platforms and higher selling prices are expected to boost the market during the forecast period. The fruit, vegetables, and specialty foods sector that includes fresh, frozen, and canned foods grew owing to strong demand. Consumers also hoarded frozen food products amid tensions around lockdown and unavailability of food products. The dairy sector witnessed high growth rates and is expected to continue to grow during forecast period. The dairy sector is one of the most vulnerable sectors to foodborne illnesses as dairy products harbor a variety of microorganisms. As pasteurization may not destroy all pathogens in milk, testing of milk becomes essential to ensure safety. Hence, the high consumption of milk leads to a higher volume of food safety testing, thereby driving the market further.
In Europe, the UK, France, and Russia are the hardest-hit countries by the COVID-19 outbreak. The UK is estimated to suffer an economic hit due to lack of revenue from various industries, as the country recorded the highest-number of COVID-19 cases, followed by France, Spain, Italy, and Germany. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to impact market growth in Europe. The lockdown restrictions were slowly lifted in a few countries in Europe; for instance, in Denmark, shops, restaurants have reopened. Italy was in the “yellow zone” and had slowly lifted the lockdown restrictions. All these factors are likely to positively impact the food & beverages industry, which will translate to the recovery of the food safety testing market.
Key Market Segments
Based on contaminant, the Europe food safety testing market is segmented into pathogens, pesticides, toxins, GMOS, and others. The pathogens segment is further sub-segmented into salmonella, E. coli, listeria, and others. The pathogens segment would hold the largest market share in 2021; however, the GMOS segment is anticipated to register the highest CAGR during the forecast period.
Based on technology, the Europe food safety testing market is bifurcated into traditional and rapid. The rapid segment is further sub-segmented into PCR-Based testing, immunoassay-based testing, and others. The rapid segment is likely to hold a larger market share in 2021 and is expected to grow at a faster CAGR from 2021 to 2028.
Based on food type, the Europe food safety testing market is segmented into meat, poultry, and seafood products, dairy products, cereals and grains, processed food, fruits and vegetables, and others. The meat, poultry, & seafood products segment would hold the largest market share in 2021; however, the fruits and vegetables segment is anticipated to register the highest CAGR during the forecast period.
Major Sources and Companies Listed
A few market players referred to while preparing the report on the Europe food safety testing market are SGS SA, Eurofins Scientific, and Intertek Group Plc.
easons to buy the report
EUROPE FOOD SAFETY TESTING MARKET SEGMENTATION
By
Contaminant
By
Technology
By Food Type
By Country
Company Profiles
The Europe Food Safety Testing Market is valued at US$ 5,758.8 Million in 2021, it is projected to reach US$ 9,146.8 Million by 2028.
As per our report Europe Food Safety Testing Market, the market size is valued at US$ 5,758.8 Million in 2021, projecting it to reach US$ 9,146.8 Million by 2028. This translates to a CAGR of approximately 6.8% during the forecast period.
The Europe Food Safety Testing Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Food Safety Testing Market report:
The Europe Food Safety Testing Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Food Safety Testing Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Food Safety Testing Market value chain can benefit from the information contained in a comprehensive market report.