Food Safety Testing Market Worth $29.6 Billion by 2027- Exclusive Report Covering Pre and Post COVID-19 Market Analysis by Meticulous Research - Seite 3

Based on technology, the rapid technology segment is estimated to command the largest share of the overall food safety testing market in 2020. The large share of this segment is mainly due to the factors such as multi-functional testing options in less time; flexible testing to end-user industry; increasing incidences of foodborne diseases, viruses, and other microbiological contaminants associated with inadequate storage conditions; and unsanitary food handling practices. This segment is also expected to grow at the highest CAGR during the forecast period, mainly due to its ability to test a wide range of contaminants in comparison to traditional technology. The rapid technology segment is further divided into Polymerase Chain Reaction (PCR), DNA sequencing/NGS, immunoassay, chromatography, and spectroscopy. The Polymerase Chain Reaction (PCR) technology segment is estimated to command the largest share of the overall rapid food safety testing market in 2020. The large share of this segment is mainly attributed to the increase in food contamination due to its wide range of advantages including speed, an excellent detection limit, selectivity, specificity, sensitivity, and the potential for automation. However, the DNA sequencing/NGS technology segment is expected to grow at the fastest CAGR during the forecast period.

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Based on food tested, the meat, poultry, and seafood segment is estimated to command the largest share of the overall food safety testing market in 2020. This is primarily attributed to the factors such as growing meat production and consumption; increasing demand for seafood products such as shrimp, marlin, crabs, lobsters, and tuna, among others; and increasing consumer awareness and foodborne pathogen outbreaks through meat, poultry, and seafood products. However, the fruits & vegetables segment is expected to witness a significant growth. The growth of this segment is mainly attributed to the rapidly growing fresh fruits and vegetable industry.