Food Safety Testing Market Worth $29.6 Billion by 2027- Exclusive Report Covering Pre and Post COVID-19 Market Analysis by Meticulous Research
LONDON, July 29, 2020 /PRNewswire/ -- According to a new market research report titled "Food Safety Testing Market by Testing Type (Pathogens, Pesticides, GMO, and Toxins), Technology (Traditional and Rapid), and Food Tested (Meat, Poultry, & Seafood, Processed Food, Fruits & Vegetables, Dairy Products) – Global Forecast to 2027", The food safety testing market is expected to grow at a CAGR of 7.6% from 2020 to 2027 to reach $29.6 billion by 2027.
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Food safety is an important consideration for everyone in the food chain, from producers, suppliers, and vendors right through to the consumer. Contaminants may be introduced at any stage, so it is important that monitoring is performed at multiple points through the food production and supply chain. Common contaminants that are introduced prior to harvest or processing include pesticides, heavy metals, and other environmental contaminants. During processing, substances associated with the processing and machinery can pose a risk, and even after production, chemicals such as per - and poly-fluoroalkyl substances (PFASs) can leach from packaging into the products, termed food contact contaminants. With so many potential routes for contaminants, both natural and otherwise, having the tools to detect them, determine the source of the problem, and preventing them from reaching the consumer is therefore vitally important.
The key factors driving the growth of the overall food safety testing market are rising incidences of food-borne illnesses, growing consumer awareness regarding the safety of food, implementation of stringent food safety regulations, and rising demand for convenience and packaged food products among consumers.
Impact of COVID-19 on the Food Safety Testing Market
The COVID-19 outbreak has affected populations across the world. The world is exposed to a critical situation and faced with numerous medical, social, and economic challenges. Countries around the globe have introduced far-reaching restrictions on daily life to prevent and control the spread of the virus. In many cases, this resulted in a complete shut-down of whole cities, regions, and even countries. The spread of COVID-19 has impacted the health, nutrition, livelihoods, and wellbeing of most vulnerable populations and will have lasting effects on people. Nutrition is the backbone of human development and wellbeing. The nutritional, environmental, and economic impacts are the main concerns of changing consumer preferences in food safety. There is also increasing awareness of the linkages between food demand and dietary choice, global food security, and environmental outcomes such as water use and climate change. There is a need to understand how consumer preferences for food and beverages are changing and what are the implications for the future.