The food pathogen testing market is poised for substantial growth, with an estimated value of USD 15.1 billion in 2023, projected to reach USD 22.7 billion by 2028, at a CAGR of 8.4% from 2023 to 2028. This surge in demand is attributed to the increasing awareness of foodborne illnesses and the need for safer food options.
Asia Pacific is projected to be the fastest-growing market for food pathogen testing, driven by increasing compliance with safety standards, high-volume food trade within the region, and strict safety regulations followed by developed economies worldwide.
Leading the way in the Asia-Pacific food pathogen testing market, Japan and Australia are taking significant measures to ensure food safety and combat foodborne illnesses. These mature markets demonstrate steady growth rates and are driven by stringent regulations and increasing consumer awareness.
Australia, in particular, places significant importance on food pathogen testing due to the frequent occurrence of foodborne disease outbreaks. Stricter food safety regulations, growing trade relations with other countries, and a consistent number of food recalls have driven the need for comprehensive food pathogen testing services.
The implementation of a robust food safety system has contributed to a reduction in foodborne disease incidences in Australia. Additionally, technological advancements and increasing regulatory norms have further fueled market growth in the country. The food industry in Australia adheres to strict quality control standards to ensure the safety of its products.
Key players operating in the food pathogen testing market include SGS Société Générale de Surveillance SA, Bureau Veritas, Intertek Group Plc., Eurofins Scientific, ALS, JBT, TÜV NORD GROUP, and AsureQuality.
