Market Size of Europe Food Safety Testing Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.13 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Food Safety Testing Market Analysis
Europe food safety testing market is forecasted to grow at a CAGR of 6.13% during the forecast period (2021-2026).
Covid-19 has shown a significant impact on the food safety testing market growth owing to the increased need for food safety testing in this situation. However, the inadequacy of food control infrastructure may limit food safety testing market growth due to COVID-19 regulations. Sharp shifts in consumer behavior related to the food they consume were observed, with a higher preference for safety and quality. These have further propelled the manufacturers to assess the safety parameters of their food products to be able to sustain their product values in the market.
- Food safety is a credence attribute as it cannot be observed by consumers before or after purchasing the product. Thus, testing methodologies, like traceability, microbiological quality, have been implemented both at the European and national levels to ensure effective monitoring and overall control.
- The increase in food-borne diseases, contamination in food products, and rise in consumer awareness about food quality and safety are giving rise to the food safety testing market. Moreover, strict government regulations that safeguard the processed and unprocessed food products are supporting the market growth in Europe.
