Summary
Major players in the heavy metal testing in food and beverage application market are SGS SA, Eurofins Scientific SE, Intertek Group plc, Bureau Veritas, ALS Limited, Mérieux NutriSciences, Neogen Corporation, AsureQuality Limited, AES Laboratories Private Limited, Envirologix Inc., EMSL Analytical Inc., CIS Laboratory, Cotecna SA, Activation Laboratories Limited, and AGQ Labs USA.
The global heavy metal testing in food and beverage application market is expected to grow from $3.18 billion in 2022 to $3.46 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The heavy metal testing in food and beverage application market is expected to grow to $4.77 billion in 2027 at a CAGR of 8.4%.
Heavy metal testing in the food and beverage application market consists of revenues earned by providing food testing services for food such as meat, poultry, seafood, dairy products, processed food, nuts, seeds, spices, and cereals.The market value includes the value of related goods sold by the service provider or included within the service offering.
Heavy metal testing in the food and beverage application market also includes sales of inductively coupled plasma atomic emission spectroscopy, molecular spectroscopy, near-infrared spectroscopy, far-infrared spectroscopy, and fluorescence spectroscopy for testing heavy metals in food ingredients and beverages.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
Heavy metal testing in food and beverage application refers to checking for high levels of toxic or potentially harmful heavy metals in foods and beverages, including lead, mercury, cadmium, chromium, and arsenic. Tests for lead, cadmium, copper, and zinc can be performed using atomic absorption spectrometry (AAS).
North America was the largest region in the heavy metal testing in food and beverages application market in 2022. The regions covered in the heavy metal testing in food and beverages application market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main metal types of heavy metal testing in the food and beverage application market are arsenic, cadmium, lead, mercury, chromium, and other metal types.Arsenic refers to a solid chemical element that is used in a range of products such as wood preservatives, alloys, and semiconductors.
The various sample includes food, water, blood, and other samples. The various technologies include inductively coupled plasma mass spectrometry and optical emission spectrometry, atomic absorption spectroscopy, and other technology used by various end-user industries such as food, beverage, dietary supplement, animal feed, fat and oil, and other end-user industries.
The increasing number of people suffering from food allergies is expected to propel the growth of heavy metal testing in the food and beverage application market going forward.A food allergy is an immune system response to a particular food that causes allergies which can trigger digestive problems, hives, and swelling in the airways with even a tiny amount of allergenic food.
Heavy metal testing checks for high levels of toxic or potentially harmful heavy metals in foods and beverages and ensures food safety, as a result, the increasing number of people suffering from food allergies increases the demand for the adoption of several heavy metal testing technologies.For instance, in May 2022, according to Food Insight, a food information hub created by International Food Information Council, a non-profit organization, In the United States, approximately, 32 million people are having a food allergy, and approximately 200,000 people seek emergency medical care, every year, due to food allergies.
Further, one in every 13 children are being diagnosed with a food allergy. Therefore, the increasing number of people suffering from food allergies drives heavy metal testing in the food and beverage application market.
Product innovations are a key trend gaining popularity in heavy metal testing in the food and beverage application market.Major companies operating in heavy metal testing in the food and beverage application market are developing innovative products to sustain their position in the market.
For instance, in December 2021, Agilent, a US-based company operating in heavy metal testing in food and beverage application launched an innovative product, the Cary 3500 UV-Vis Spectrophotometer Compatibility with OpenLab, which is functional with the Agilent OpenLab software family. The unique features of this product are that it can be handled, safeguarded, and kept in a secure central database, making it easier to comply with international regulatory standards.
In December 2020, Cotecna, an India-based company that provides products for testing, inspection, and certification, acquired Wimpey Laboratories for an undisclosed amount.With this acquisition, Cotecna is now able to test more products and grow its network throughout the UAE.
Wimpey Laboratories is a UAE-based industry leader in analytical testing services.
The countries covered in the heavy metal testing in food and beverage application market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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