Saudi Arabia Food Safety Testing Market Size Expands at Significant CAGR of 6.26% to Touch USD 468.14 Million by 2030

Published | 02 July 2024

Saudi Arabia Food Safety Testing Market is flourishing due to the government’s increasing focus on containing rising foodborne illnesses by stringent regulatory standards, growing consumer awareness, rapid adoption of technological advancements, and a spurring demand for processed and packaged foods.

BlueWeave Consulting, a leading strategic consulting, and Market research firm, in its recent study, estimated Saudi Arabia Food Safety Testing Market size by value at USD 300.83 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Saudi Arabia Food Safety Testing Market size to expand at a CAGR of 6.26% reaching a value of USD 468.14 million in 2030. Food Safety Testing Market in Saudi Arabia is growing due to foodborne illnesses and an increasing demand for safety testing from the thriving Saudi Arabia food & beverages industry. The industry is focusing on mechanical manipulation and technology to create value-added products. Despite lockdowns, the food & beverages industry experienced growth, particularly in fast-moving consumer goods (FMCG) and dairy. High consumption of milk leads to increased food safety testing, driving the market further. Notably, the increased consumption of ready-to-eat meals is also driving market growth.

Opportunity – Increasing global food trade

Saudi Arabia Food Safety Testing Market is experiencing growth due to the increasing global food trade and the increasing importation of diverse food products. Advancements in testing technologies and processes and regulatory scrutiny are driving market growth, while the Kingdom's strategic position and complexities in the global food supply chain underscore the importance of sophisticated testing mechanisms.

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Impact of Escalating Geopolitical Tensions on Saudi Arabia Food Safety Testing Market

Intensifying geopolitical tensions across the world, particularly in the Middle East, can affect the growth of Saudi Arabia Food Safety Testing Market due to increased import restrictions and border controls. This has led to potential delays in food testing materials and technologies, necessitating robust domestic facilities and advanced testing protocols. Political instability and economic fluctuations across Middle Eastern and African countries may affect the funding and operational capabilities of food safety initiatives.

Saudi Arabia Food Safety Testing Market

Saudi Arabia Food Safety Testing Market – By Food Category

Based on food category, Saudi Arabia Food Safety Testing Market is divided into Meat, Poultry, Dairy, Processed Foods, Fruits & Vegetables, and Cereals & Grains segments. The meat, poultry, and seafood segment dominates Saudi Arabia Food Safety Testing Market due to high consumption and strict regulations. Increased consumer awareness about foodborne illnesses and health risks has driven demand for safe, high-quality meat products. Advanced testing methods detect contaminants, pathogens, and residues, ensuring the safety and quality of these products.

Competitive Landscape

Saudi Arabia Food Safety Testing Market is fiercely competitive. Major companies in the market include SGS, Bureau Veritas, Intertek, Eurofins Scientific, Mérieux NutriSciences, ALS Limited, Bio-Rad Laboratories, and Neogen Corporation. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Saudi Arabia Food Safety Testing Market.

Don’t miss the business opportunity Saudi Arabia Food Safety Testing Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Saudi Arabia Food Safety Testing Market. It also highlights the factors driving forecasts of total Market size. The report promises to provide recent technology trends in Saudi Arabia Food Safety Testing Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the Market.

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