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Food safety is a priority throughout the world. By 2020, the food safety testing market is forecasted to reach $16.2 billion, representing an annual growth rate of 7.1%.
Accuray Research’s report Global Food Safety Testing Market Analysis examines the key players in the industry, technological innovations and market strategies. The report also studies 17 nations in-depth, analyzing them by region.
Food testing checks for chemical residues, food allergens, GMOs, pathogens, pesticides, and toxins.
In China, the food safety testing market is forecasted to reach $791.5 million by 2020, representing an annual growth rate of 9.9%. The market has been boosted by an increased demand for food safety as government regulations have increased amid outbreaks of foodborne illnesses. MarketsandMarkets report China Food Safety Testing Market and Regulations examines the market, current Chinese regulations and factors affecting the market.
In Australia, as trade with other nations has increased, so have foodborne illnesses and food recalls. The pathogens food with the greatest number in Australian foods are E. Coli, salmonella and campylobacter. Processed foods contain the highest number of contaminants with processed meat, poultry and seafood at the top of the list.
Food Standards Australia New Zealand sets the bar for food safety regulations. The food safety testing market in Australia is forecasted to reach $588 million in 2020. That represents 9.3% growth from 2015. For more information on this market, consult Micro Market Monitor’s report Australia Food Safety Testing Market by Contaminant.
Despite all the testing available, outbreaks still happen. In April, a Hepatitis A outbreak was linked to frozen berries sold in Canadian Costco stores. Twelve were sickened, three requiring hospitalization.
Foods also are sometimes recalled because of manufacturer mistakes. Jarred fruits sold in U.S. Walgreen stores in April contained pieces of glass.
As genetically modified organisms (GMOs) become more common, the market for GMO test is expected to increase, according to SB Wire. By 2020, the market will be worth $1.9 billion, which represents 7.9% annual growth. The segment with the largest percentage of growth is the stacked trait segment, the combination of more than one transgene in one crop. Biofortified crops are an example of stacked traits.
The foods tested the most for GMOs are crops, bakery items, breakfast cereals and food additives.
Europe is the largest market for GMO testing. The European Union has very strict GMO regulations.
Meanwhile, in the U.S., a new law is about to take affect which will allow the Food and Drug Administration to greater regulate fresh produce. The law was written in response to a series of food outbreaks. Annually, 48 million Americans are sickened by foodborne illness with 3,000 dying, according to Governing, costing $15.5 billion.
We hope this information has been helpful to you. There is more useful information about the food safety within the food market in ReportLinker’s portal. If you have any additional questions or needs, please feel free to contact us.