Food Safety Testing Global Market Report 2022: Technological Advancements in Testing Industry Present Opportunities - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--Nov 14, 2022--

The "Food Safety Testing Market by Target Tested, Technology (Traditional and Rapid), Food Tested (Meat, Poultry, Seafood, Dairy, Processed Foods, Fruits & Vegetables, and Cereals & Grains) and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The market for Food safety testing is estimated at USD 21.1 Billion in 2022; it is projected to grow at a CAGR of 8.1% to reach USD 31.1 Billion by 2027. The market for food safety testing is stridden with the increasing domestic demand/consumption of food products that would need food safety certification to meet regulatory compliances and with the increasing food trade across the globe has increased the demand for food safety testing globally to reduce the risk of foodborne outbreak and illness and prevent food fraud.

Food safety testing is a scientifically based method to determine food safety based on its microbiological, physical, or chemical composition. Food safety testing needs to be accurate, and definite. Food safety testing helps to address the world's growing demand for safer food and the sustainability of the food supply. Every year, food safety issues cause economic losses in countries all across the world. It has been estimated that low to middle-income countries suffers at least USD 100 billion in losses per year due to foodborne illnesses. There is a need for access to a clean, safe, and sustainable food supply for human consumption.