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Rupali Patil posted an update in the group Food Safety – News and Updates
3 years ago
The food safety testing market is estimated at USD 19.5 billion in 2021; it is projected to grow at a CAGR of 7.9% to reach USD 28.6 billion by 2026. The food industry is complex and dynamic.
Download PDF Brochure:
https://tinyurl.com/4hf6pb29It is projected to grow with the continuous growth in population and the resulting rise in demand for convenience and processed food.
COVID-19 Impact on the global food safety testing market
The COVID-19 pandemic is projected to have a significant impact on the food market, as it has highlighted the significance of safe, healthy, and nutritive eating. Food security, food safety, and food sustainability are recognized as strongly affected dimensions of food systems during the Covid-19 pandemic. The use of e-commerce to order deliveries of groceries and restaurant meals has risen sharply. Restaurant operators with established drive-thru and pick-up operations have fared much better than those competitors without. Sharp shifts in consumer behavior related to the food they consume were observed, with a higher preference for safety and quality.
Key players in this market include SGS SA (Switzerland), Eurofins Scientific (Luxembourg), Intertek Group plc (UK), Bureau Veritas (France), ALS Limited (Australia), and TÜV SÜD (Germany). These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.
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Download PDF Brochure - Food Safety Testing Market Size, Share, Growth Trends, and Forecasts to 2026 | MarketsandMarkets