United States Food Safety Testing Market Booming at Significant CAGR to Surpass Value of USD 8.7 Billion by 2030

Published | 19 September 2024

United States Food Safety Testing Market is flourishing because of the increasing awareness about foodborne illnesses and innovations in testing techniques, such as rapid methods and molecular biology.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated United States Food Safety Testing Market size at USD 5.17 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects United States Food Safety Testing Market size to expand at a CAGR of 7.70% reaching a value of USD 8.74 billion by 2030. Growing rates of food-borne illnesses and strict government laws ensuring food safety are two major growth drivers for United States Food Safety Testing Market. It is also projected that growing consumer awareness about food safety as well as an increase in the demand for packaged and convenient foods would propel the growth of United States Food Safety Testing Market over the forecast period.

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Opportunity - Rising Consumption of Meat and Poultry Products

The meat & poultry segment dominates United States Food Safety Testing Market based on food tested. The high meat and poultry consumption across the country fuels the need for efficient foot safety testing to ensure they are safe for human consumption. In addition, increasing prevalence of zoonotic diseases and growing awareness toward animal-borne illnesses after the COVID-19 outbreak are anticipated to drive United States Food Safety Testing Market during the period in analysis. Other major segments United States Food Safety Testing Market by food tested include alcoholic & non-alcoholic beverages, bakery & confectionery, dairy products, fresh food, functional food, infant food, processed & packaged food, and seafood.

Impact of Escalating Geopolitical Tensions on United States Food Safety Testing Market

Escalating geopolitical tensions negatively impact the growth of United States Food Safety Testing Market. Due to trade restrictions enforced by many nations, geopolitical conflicts interrupt supply chains and result in a lack of food and supplies for food testing inside the nation. The cost of these products rises as a result of delays and shortages brought on by the increased demand for food safety testing and supply chain disruptions. Nonetheless, given geopolitical unrest, the government can bolster food safety laws and impose additional guidelines to safeguard the public's health as well as the interests of regional businesses. It is anticipated that this will encourage food safety testing in the marketplace to adhere to food compliance regulations.

Food Safety Testing Segment Holds Largest Market Share

The food safety testing segment accounts for the highest market share in United States Food Safety Testing Market by food testing. Food safety testing is conducted to ensure the food and food products are free from contaminants, such as pathogens, chemicals, and genetically modified organisms (GMOs). The test is also mandatory to show the food products' regulatory and safety standards. It also helps consumers make informed decisions about their food. The other major food testing segments in United States Food Safety Testing Market include food authenticity testing and food shelf-life testing.

Competitive Landscape

The United States Food Safety Testing market is intensely competitive, as a number of companies are competing to gain a significant market share. Key players in the market include NSF International, SGS SA, Bureau Veritas, Eurofins Scientific, Intertek Group PLC, Merieux Nutrisciences, TUV SUD, ALS Limited, AGQ Labs, and NEOGEN Corporation. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Don’t miss the business opportunity in United States 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 United States Food Safety Testing Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in United States Food Safety Testing Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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