Globally, the demands for food safety testing are rising at a rapid rate owing to the globalization of the food supply, mass catering, and changing food habits. Food poising outbreaks and stringent government regulations are some of the factors responsible for the growth of the food testing systems market. According to the latest market intelligence report by BIS Research titled, ‘Global Food Safety Testing Systems & Services Market- Analysis and Forecast (2018-2022),’ the market is anticipated to reach $19.63 billion by the year 2022. This significant market growth is attributed to the increase in the number of food-borne illness, rising food recalls, improvement in food testing technologies, and stringent government regulations.
The rising concerns about the food borne illness, due to contamination of food with pathogens and other detrimental elements, has elevated the market growth of food safety tests globally. According to the latest report titled ‘Global Food Testing Market- Analysis and Forecast (2017-2021)’, the global food safety testing market is expected to reach a value of U.S. $ 17.7 billion by 2021, growing at a CAGR of 7.5% from 2017-2021. This growth is justified by the rise in foodborne outbreaks, advancement in testing technologies, globalization of food supply and stringent international food safety regulations. As per the data provided by the Academy of Nutrition and Dietetics (U.S.), every year one out of six Americans fall ill, 1,28,00 are hospitalized and 3,000 dies from foodborne disease.