Food Safety Testing Market to Witness Revolutionary Growth by 2026

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. It is projected to grow with the continuous growth in population and the resulting rise in demand for convenience and processed food.

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This increasing food demand has compelled farmers, food manufacturers, and suppliers to increase the quantity and improve the quality of agricultural produce and food products.

Presence of key players and strongly established end-use sector of food and beverages in the European region, accounts for the high market share of the region.
The UK, Germany, France, Italy, and Spain have the largest food industries that are estimated to be the leading markets for food safety testing in Europe. On the other hand, Denmark and the Netherlands are significant markets for raw materials of natural food safety testing. The high level of awareness about healthy foods and nutrition is projected to drive the market growth for functional food in Europe. This, in turn, is projected to drive the growth of the food safety testing industry in the region.

Key Market Players
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).