By 2018, the market for food safety testing is projected to reach a value of approximately $19.7 billion.
Worldwide, the food testing market has grown at a rapid pace, according to research conducted by Global Industry Analysts, Inc. With outbreaks and contamination like salmonella, E. coli, listeria, and many more, the food testing market has expanded by American consumers.
According to this study, regulations and standards of food testing will become more stringent in foreign countries, and more profitable, with projected market value reaching more than $19 billion by 2018. While growth slowed in 2008 and 2009, related to economic downturn in European countries, the pace for increased market stability is picking up abroad.
The United States is still the largest market for food testing. However, the Asia-Pacific region of the world (which includes China and India) is the fastest growing region for food safety testing.
While many governments are adopting food regulations, producers are also contributing their influence to increase safety and stability of food testing.
Although pathogen testing is still the most dominant segment of food testing, Genetically Modified Organism (GMO) testing is the fastest growing food testing segment worldwide.
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