Navigating Growth in Food Safety
The food safety testing market is evolving rapidly, driven by technology, regulations, and consumer demands.
Food Safety
Market Analysis
The global Food Safety Testing market is in a robust growth phase, set to rise from $24-25 billion in 2024 to $44.76 billion by 2033, with North America as the dominant region. Growth is primarily driven by rising concerns over foodborne illnesses, stricter food safety regulations like FSMA, and increasing consumer demand for safer food products. Technological advancements, particularly in rapid and DNA-based testing, are further propelling market expansion. However, regulatory complexity and high costs of advanced solutions pose barriers, especially for smaller players. Strategic innovation and global compliance remain critical for sustained success in this dynamic sector.
~
$
7.8
B
Market Value 2024 (U.S)
~
$
11.5
B
Market Value 2030 (U.S)
7.87
%
CAGR (U.S)
Key Market Drivers
Increasing incidences of foodborne illnesses
Stringent regulatory standards like FSMA
Technological advancements in testing methods
Market Inhibitors
Regulatory compliance complexities
High costs of implementing advanced testing technologies
Emerging contaminants and foodborne illnesses
Our Insights
The Food Safety sector is evolving rapidly, driven by regulatory demands, consumer expectations for transparency, and transformative technology adoption. Business leaders must prioritize agile compliance strategies, invest in advanced testing and digital traceability, and proactively address cost and data security risks. Differentiation hinges on embracing AI, blockchain, and IoT for operational efficiency and risk prevention, while strategic partnerships and sustainability initiatives build market trust. Targeting underserved niches and aligning innovation with evolving food trends will unlock growth. Ultimately, fostering a resilient food safety culture that champions transparency, continuous improvement, and global collaboration is essential to thrive amid ongoing industry consolidation and disruption.
Key Players in The Industry
Eurofins
Leading multinational life sciences company offering comprehensive analytical food safety testing services across the supply chain.
SGS Group
Specializes in inspection, verification, testing, and certification with a wide range of food safety services.
Bureau Veritas
Provides safety, quality, and sustainability testing services with a focus on compliance and risk management.
Recent
M&A Activity
The Consumer Discretionary sector related to Food Safety is undergoing consolidation primarily driven by private equity and strategic acquisitions. Companies are focusing on building scale, expanding market presence, and adopting advanced technologies such as blockchain and AI for enhanced food safety and traceability. Public-private partnerships are also emerging to support sustainable food systems. While overall annual deal volume decreased in 2024 compared to 2023, the trend of strategic, targeted deals persists, signaling focused growth and innovation in food safety.
acquisition
2023-06
BlueTriton Brands acquired Primo Water Corporation
Expand bottled water market presence
acquisition
2023-08
Butterfly Equity acquired The Duckhorn Portfolio
Investment in premium beverage sector
partnership
2024-11
Inclusion Technologies LLC established strategic partnerships with food OEMs
Enhance food safety and product innovation
