Food Safety Testing Market Trends

Growth Drivers

• Rising Global Trade of Food – Food testing ensures that food quality matches the global parameters before trading. It is important to be transparent about product validation during international trade. According to a new report released today by the Food and Agriculture Organization of the United Nations, exports from emerging and developing nations are increasing and make up more than one-third of global exports. Moreover, the world's agri-food trade has increased by more than twofold since 1995, reaching USD 1.5 trillion in 2018.
• Higher Cases of Foodborne Illness – Food testing prevents the risk of foodborne illness and any hazards related to it. According to the World Health Organization, every year, 420 000 people worldwide die and an estimated 600 million get sick from eating spoiled food, resulting in 33 million years of healthy life. Moreover, 40% of foodborne disease deaths occur in children under the age of five, which results in 125 000 deaths annually.
• Technological Advancement of Food Safety– New innovation and the introduction of advanced technologies is expected to bring lucrative opportunities for market growth. For instance, in November 2020, the FOSS organization announced the launch of targeted-adulteration models, that enables milk testing facilities to design test equipment to identify the cause of milk adulteration by checking the samples of raw milk. Which further improves food safety in the dairy supply chain.
• Growing Popularity of Processed Food– To identify the accurate time of processed food is difficult, therefore it is important to regulate its shelf life through food testing. Nearly two-thirds of the world's population will reside in urban areas by 2050, which will increase demand for processed foods and meat protein. In Asia, protein intake will have increased by approximately 128%.
• Rising Public Concern for Food Safety – with the rising concern associated with food safety, food testing has become crucial to ensure the safety of the food. A study has observed around a 10% increase in global worry about food safety and future food supply in 2020, which is now at nearly 40%, up from about 30% in 2019. Furthermore, more than 50% of consumers consider increasing food safety to be not only the manufacturers’ responsibility despite the most urgent problem that needs to be addressed.

Challenges

• Lack of proper facility in food testing infrastructure- food safety testing is crucial for the health of the people, and it is important that testing should be performed at competent laboratories which are equipped with standard lab equipment. Moreover, these laboratories should be kept clean in order to obtain correct findings for food tests. There are many food testing facilities that lack the necessary infrastructure, adequate water, the latest technologies, and standardized procedure of testing. These drawbacks are likely to hamper the market growth.
• High cost of food safety equipment and their maintenance
• Shortage of technical expertise among small enterprises