Market Demand Is Growing



Food safety will continue to be a global issue with more and more emphasis placed on it

Timely testing results are a close second requirement to quality of results of the food processors

  

The global market for Food Safety Testing is projected to reach U.S.$16.0 billion by 2020 driven by increasing demand for safe and high quality food, growing investments in new testing methods, and tightening government regulations over food safety. The industry is expected to grow at +/- 9% annually until 2018. 

  

Testing for pathogens is the largest segment of food testing market, having a value of $8.8 billion. This segment also has the largest growth rate of 5.5 %. Pathogen testing most commonly includes infectious organisms, such as Listeria, Salmonella, E. coli and Campylobacter

  

The Food Safety Inspection Service (FSIS) is currently undertaking a number of initiatives in order to place more responsibility on processors and has released its “Establishment Specific Data Release Strategy Plan”. As a result, this new initiative is expected to fuel stricter food safety testing among many small to medium sized processors.