Europe Food Safety Testing Market Revenue Will Reach $5006.3 Million by 2024, Says Esticast Research and Consulting
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As per the report “Europe Food Safety Testing Market By Contaminant Tested ( Pathogens, GMOs, Pesticides, Toxins ), By Technology ( Conventional, Rapid ), By Food Tested ( Meat & poultry, Dairy products, Organic Food, Infant Food, Beverages ), Industry Trends, Estimation & Forecast, 2017 – 2025″ Europe food safety testing market was valued at $3328.1 million in 2017, and is projected to reach $5006.3 million by 2025, growing at a CAGR of 5.1% from 2018 to 2024.
In 2016, the pathogen testing segment generated the highest revenue share in Europe food safety testing market. Among major regions, Germany market was the highest revenue generating market valued at $749.6 million in 2017.
“Globalization of the food supply is very much of a growing trend in the current scenario, but, this can also introduce new food safety risks, revive previously controlled risks, and even spread contaminated food widely. This has led to the generation of strict food safety regulations for both exported and imported food products in Europe.”
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As per the European Commission, the food German safety testing regulations are the most stringent in all over Europe, and have been found highly effective in controlling the quality of food products, both raw and processed. The food safety regulations have gone even stricter after the dioxin chicken and egg scandal which took place as a result of animal feed, contaminated with industrial fats, in 2011. In Germany, the legal foundation which deals with the food legislation is Lebensmitte- und Futtermittelgestetzbuch. Increasing globalization, hiking export and import activities of packaged food and high reliance upon international food safety certification standards are some major factors which are propelling the market growth in the very region. Growing concerns for enhancing the quality standards of ready to eat meals, bakery, infant diet, dried processed products, canned and preserved products are expected to drive the processed industry growth in the region, hence creating a growth opportunity for the food safety and testing companies in the region. U.K follows the Germany market by holding more than 20% of the total market in 2017.
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Germany Food safety testing market by contaminant tested, 2017
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Processed meat, Poultry and Seafood production firms have emerged out as the largest application platform for the food safety testing services in Europe
Meat and poultry products consist of mutton, chicken, beef, pork, veil, lamb, eggs, turkey, ostrich meat, boar meat, duck meat and many others. As per a research, poultry and meat products such as beef, have been found highly prone of being infected with fatal bacteria such as E-coli and salmonella. To comply with the stricter safety requirements and to protect consumer health and uphold their brand reputation, meat and poultry manufacturers try their best to guarantee the safety of their products at every stage. For meat and poultry, the food safety measures are seriously taken up from the farms and processing facilities up to distribution centers and stores. The European Commission’s Directorate-General for Health and Food Safety is the major authority which takes the charge for food safety in the EU. The segment held nearly 1/3rd of the total market in 2017.
Europe Food Safety Testing – Market Player Share, 2017
Pathogen Testing Segment led the overall European market in 2017 and is expected to exhibit its dominance throughout the forecast period
European food safety testing market size may register a considerable growth owing to strict safety regulations along with increasing consumer awareness. Contamination risk owing to meal trade has raised various safety concerns. Changing climatic conditions may contribute to increased incidences of toxins & diseases which is expected to drive food pathogen testing market size. Pathogens are most prone to culture in milk and milk products. The dairy products industry may witness a considerable growth during the forecast period. As per the statistics revealed by EFSA, more than 100,000 cases of salmonellosis are reported every year in EU. The European market for pathogen food safety testing is expected to hold approx. 2/5th of the overall market by 2025. However, GMO testing is expected to exhibit the fastest CAGR of 6.0% during the forecast period.
Key finds of Europe food safety testing market
• The Germany food safety testing market is expected to witness a CAGR of 4.3% during the forecast period.
• Dairy Products safety testing market followed the pathogen testing market in terms of revenue generation, holding more than 12% of the regional market in 2017.
• The toxin testing segment is expect to grow with a CAGR of 5.5% during the forecast period.
Acquisition and technological enhancement have emerged out as the most adopted strategy among the key market players in order to strengthen their foothold within the market. Some key market players of the market are SGS S.A., Intertek Group PLC. , Eurofins Scientific, Bureau Veritas S.A., bioMérieux S.A. and many others.