Global Food Safety Testing Tech Market to Top $8B by 2021

The worldwide market for food safety testing technology is expected to grow at a compound annual growth rate (CAGR) of 7.8% to reach a value of $8.04 billion in 2021, fueled by rising rates of food borne illnesses and growing consumer awareness of food safety issues, according to a recent report by Zion Market Research.

“Globally, food safety is a major concern for consumers due to the constant threat of foodborne illnesses. Food safety testing is necessary to achieve a certificate of analysis of raw food products and ready to eat foods at several stages in food processing,” a Zion press release said.

The global demand for the equipment was valued at $4.8 billion in 2015. That year, according to Zion, rapid food testing technologies saw growth as a result of limitations in traditional systems.

The researchers note that all regions around the world are “experiencing food disease epidemic cases” resulting from microbial pathogens and chemical contaminations.  The detection of pathogens is forecasted to be the leading segment in the food safety market. The fastest growing segment of the market is projected to be GMO testing, according to Zion’s report.

“The key applications covered under this study include meat and poultry, dairy, process food, fruit and vegetables, and others,” a statement from Zion said. “Among all, meat and poultry were the largest application segments that accounted for a significant share of the global food safety testing market in 2015 and are expected to be the fastest growing segment for the predicted coming years.”

North America lead the market in 2015, owing to increasing government regulations regarding food safety and an uptick in the number of food disease cases. The Asia Pacific region has a large potential for growth, the researchers said, as more emphasis is placed on food security in the area.

Key players in the market during the forecast period were identified by Zion as Biocontrol Systems Inc., 3M Company, Roka Bioscience, Bio-Rad Laboratories Inc., Agilent Technologies Corp., Douglas Scientific, IDDEX Laboratories Inc., and Ecolab Inc.

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