Demand for product safety testing is growing

worldwide Demand for product safety testing is growing globally

The global food safety testing market will reach $24.4 billion by 2026, according to an analysis by Global Industry Analysts (GIA).

it is now valued at $17.4 billion. The increased interest in food safety testing is associated with the spread of the new CORONAVIRUS, as well as the need to prevent foodborne illnesses from being transmitted through food. “Lack of proper handling measures, inappropriate storage conditions and undercooking are the main causes of food contamination. This, combined with a growing need to take action to ensure the quality of canned foods, dried convenience foods, baked goods, ready-to-eat foods and baby food, is driving growth,” the GIA report, cited by foodsafetynews.com, said.

The developed countries of Europe and North America are leading in the global food safety testing markets. According to experts, now this market in the US alone is estimated at $3.9 billion. This is almost a quarter of the world's testing volumes. Further growth is expected primarily at the expense of developed countries.

The market for food safety testing in CHINA, the world's second largest economy, will reach $1.6 billion by 2026, while research volumes in Japan, CANADA and Germany will grow by 5.1-5.6%, analysts expect.

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