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Food Safety Testing Market Size To Reach USD 44.9 Billion By 2032 CAGR: 8.3%. Report By DataHorizzon Research
DataHorizzon Research
DataHorizzon Research

According to DataHorizzon Research, The food safety testing market size was valued at USD 20.4 Billion in 2022 and is anticipated to reach a market size of USD 44.9 Billion by 2032 with a CAGR of 8.3%.

Fort Collins, Colorado, Sept. 27, 2023 (GLOBE NEWSWIRE) -- DataHorizzon Research Published a report titled, "Food Safety Testing Market Size, Trends, Growth, Share, Statistics Analysis Report, By Method (Chemical Methods, Microbiological Methods, Biological Methods, Macro Analytical Methods, Laboratory Quality Management Manuals), By Food Type, By Region, And Segment Forecasts, 2023-2032."

According to DataHorizzon Research, The food safety testing market size was valued at USD 20.4 Billion in 2022 and is anticipated to reach a market size of USD 44.9 Billion by 2032 with a CAGR of 8.3%. The global food safety testing market report comprehensively analyzes the latest trends and market conditions. It also covers the latest insights from the industry and delves into market opportunities. The prevalence of foodborne illnesses has been on the rise, which has led to a heightened consciousness of food safety among consumers. Strict food safety regulations have been implemented to ensure good health. Additionally, consumers' demand for packaged and convenient food items has increased. As technology advances, there is a substantial growth potential for providers of food safety testing, which will further enhance the food safety testing market. Maintaining the quality and safety of the food consumed is imperative, and the food safety testing market plays a crucial role in achieving this goal.

The importance of this particular industry cannot be overstated, as its primary role is to ensure the general public's safety by detecting and eliminating hazardous pollutants, foodborne toxins, and viruses. With the increasing number of reported cases of food contamination and resultant illnesses, it has become a matter of great concern for the public, especially when fatalities and hospitalizations are involved.

Awareness of the potential dangers of consuming contaminated or spoiled food is crucial, as it can lead to a foodborne illness. Various microorganisms, including bacteria, fungi, parasites, viruses, and other pollutants like mycotoxins, heavy metals, and chemicals can cause this. To combat this growing concern, there has been a rise in demand for food testing kits, machinery, and systems to prevent the occurrence of foodborne diseases.

The global food safety testing market is experiencing a surge in growth due to various factors. The demand for nutritious and wholesome food additives has increased, as has awareness of their health benefits. Food safety concerns, as are the aging population and healthcare costs, are also rising. Additionally, shifting lifestyle habits and the accessibility of various food safety testing techniques contribute to the market's expansion.