Rising Expectation Around Transparency & Accountability – From Farm to Plate

“360iResearch predicts the global food safety testing market to grow from USD 15.32 billion in 2017 to USD 26.85 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 8.34%. The year 2017 has been considered as the base year, while the forecast perio”
The ever-growing instance of food safety misconduct, unethical public health scares, and outbreaks of food-borne illness emphasizes the importance and need for constant vigilance for food retailers and manufacturers. Meanwhile, the scale and complexity of current food supply chains pose a great challenge to traceability, making complete transparency and quality control measures paramount almost at every step.

Ensuring food safety is becoming increasingly important in the context of globalization of our food supply and changing food habits. Nevertheless, the social and economic factors supporting consumerism is promoting efforts to improve the food safety from the farm to the plate. To provide the guidance to the food industry on the production of a best and safest possible product and protect the interest of the consumer, the food and safety standards are there to address all the aspects to ensure the safe food production, process, and delivery to the way all to the consumer. Safety of the food products is approved, by conducting numerous tests on raw materials or finished products to verify and ensure that the product is free from possible traces of allergen and pathogens. However, the most important testing services are conducted on the production environment to test the related facilities to monitor the pathogen and to recognize the preventive measures taken against the contamination; the most important factor in the process of food processing that can result in the dissonance with the international food safety certifications such as ISO and COA (Certification of Analysis); standards and regulations such as FSMA (Food Safety Modernization Act), International Food Standards (IFS), and Food Safety and Standards Regulations (FSSAI); and Hazard Analysis Critical Control Point system(HACCP). By strictly controlling and monitoring each step in the process, It further stimulates and ensures the safety of food throughout the food processing industry and promotes healthy international and domestic food trade. 

After the increasing instances of reported adulteration and contamination in the food, the major companies in the food production are revaluating their operations for how to conduct critical food testing at their ends. Most among these retail food giants procure their raw material at the farm level so there exists a probability of instigation of microbial and chemical risk in the food chain, ultimately calls for the application of safe agricultural practices. Owing to the increased health consciousness, the demand for organic foods is showing traction in the urban settings irrespective of their comparatively high prices. Moreover, the change in lifestyle and eating habits, increase the demand for convenience food and packaged food have been asking for new opportunities in food safety testing services. On the other hand, increasing cases of obesity with the consumption of certain food has enforced companies to improve access to information on nutrition and its functionality by appropriate labeling to promote and support health wellness. In no time the transformative technologies such as blockchain would penetrate the food safety testing market for rising expectation around transparency. Another innovation area – packaging of the food material, has potential to offer made-to-order product protection not only to meet safety and quality standards but also accounts critical role in facilitating increased food availability and prevention from physical damage and chemical and microbiological contamination.

The report “Global Food Safety Testing Market – Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q4 2018 Update)“, published by 360iResearch, states that the global market was valued at USD 15.32 billion in 2017 and is projected to reach USD 26.85 billion by 2024, growing at a CAGR of 8.34% from 2017 to 2024.

Access Full Report: https://www.360iresearch.com/reports/view/global-food-safety-testing-market

The food safety testing market research study reveals hidden insights and dynamic, which in turn helps the players in the ecosystem take better strategic decisions. The firms looking for purchasing the global food safety testing market research report could look for following prospects on their way to better understand the market that can aid further decision making and possibly identify the best opportunities to exploit.

1. Evaluate the qualitative and quantitative aspects of the report and analyze the food safety testing market penetration with respect to industries and geographies.
2. Evaluate the key vendors in the food safety testing market in terms of products satisfaction and business strategy. This helps identify consumer preferences and understand its current position in 360iResearch FPNV Positioning Matrix.
3. Evaluates the key vendors and deeply analyze competitive landscape, revenue pockets, market trends, growth prospects, pain points, drivers, restraints, challenges and opportunities of the food safety testing market.

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Shikha Sachan is leading a talented team at 360iResearch and has a relentless passion as an insightful analyst always striving for a best possible and collaborative outcome that can solve customer queries. She is humble to the knowledge of others to create a stronger self-knowledgeable behavior needed to understand future technology and trends.

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