India Food Safety Testing Market
India Food Safety Testing Market Booming to Touch Value of USD 637 Million by 2030
Published | 21 September 2024
India Food Safety Testing Market is flourishing due to heightened public awareness about foodborne illnesses, globalization of food supply chains, and advancements in testing methodologies.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India Food Safety Testing Market size by value at USD 388.03 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects India Food Safety Testing Market size to expand at a CAGR of 7.82% reaching a value of USD 636.9 million by 2030. The Food Safety Testing Market in India is propelled by the growing consumer awareness about food safety and quality concerns and rapidly expanding population. The stringent regulatory framework enforced by the Food Safety and Standards Authority of India (FSSAI) is instrumental, in ensuring compliance with rigorous safety standards. The market encompasses diverse testing methodologies, including microbiological, chemical, and physical testing, with a notable trend toward rapid and automated technologies. The demand for food safety testing is particularly pronounced in urban areas but is poised to extend into rural regions as government initiatives promote awareness and infrastructure development. Moreover, the globalization of the food supply chain is creating a pressing need for comprehensive testing solutions, especially for imported products.
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Opportunity - Growing Interest in Personalized Nutrition
The growing interest in personalized nutrition presents a significant opportunity for the India Food Safety Testing Market. As consumers increasingly seek customized dietary solutions to manage weight and prevent disease, the demand for accurate and reliable food testing has surged. This trend highlights the need for rigorous testing of food products to ensure they meet safety standards and support personalized nutrition goals. With advancements in technologies such as genomics, proteomics, and metabolomics, coupled with a rising emphasis on health and wellness, the market for food safety testing in India is poised for robust growth. This expanding market is driven by the need to validate nutritional content and ensure the safety of personalized dietary recommendations, further underscoring the critical role of food safety testing in supporting the personalized nutrition sector.
South India Dominates India Food Safety Testing Market
South India's burgeoning food processing sector, coupled with heightened consumer awareness and stringent regulatory oversight, has catalyzed a surge in demand for comprehensive food testing services. Karnataka, Tamil Nadu, and Kerala have witnessed a proliferation of food-related enterprises, driving the need for robust quality assurance measures. The region's prominence is further cemented by the presence of leading food testing laboratories and research institutions, complemented by proactive state government initiatives to bolster food safety. As urbanization accelerates and consumer preferences evolve, the imperative for rigorous food testing to safeguard public health and ensure adherence to standards becomes increasingly paramount.
Impact of Escalating Geopolitical Tensions on India Food Safety Testing Market
India Food Safety Testing Market may face significant challenges from intensifying geopolitical tensions across the world. These tensions can disrupt global supply chains, leading to delays in the movement of food products and raw materials. Such disruptions can compromise the safety and quality of these items. Moreover, increased geopolitical risks may divert focus and resources away from food safety initiatives towards national security concerns. The diversion could hinder the development and implementation of advanced food testing technologies, ultimately affecting the market's growth and the ability to maintain high food safety standards.
Competitive Landscape
India Food Safety Testing Market is fragmented, with numerous players serving the market. The key players dominating India Food Safety Testing Market include SGS India Private Limited, TUV India Private Limited, Intertek India Private Limited, ALS Testing Services India Private Limited, BioMerieux India Private Limited, Qiagen India Private Limited, Bio-Rad Laboratories India Private Limited, Eurofins Analytical Services India Private Limited, Bureau Veritas Consumer Products Services Private Limited, and Thermo Fisher Scientific India Private Limited. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and India Food Safety Testing Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Food Safety Testing Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2030 |
Base Year – 2023 |
|
Estimated Year – 2024 |
|
Forecast Period – 2024–2030 |
|
Facts Covered |
USD Million |
Market Coverage |
India |
Product/ Service Segmentation |
Target Tested, Food Tested, Technology, Food Test, Application, Region |
Key Players |
SGS India Private Limited, TUV India Private Limited, Intertek India Private Limited, ALS Testing Services India Private Limited, BioMerieux India Private Limited, Qiagen India Private Limited, Bio-Rad Laboratories India Private Limited, Eurofins Analytical Services India Private Limited, Bureau Veritas Consumer Products Services Private Limited, Thermo Fisher Scientific India Private Limited |
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Related Report
Publish Date: September 2024
Growing awareness about foodborne illnesses, globalization of food supply chains, and innovations in testing techniques, such as rapid methods and molecular biology are expected to drive India Food Safety Testing Market during the forecast period between 2024 and 2030.
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