The North America Food Safety Testing Market would witness market growth of 6.3% CAGR during the forecast period (2023-2030).
Sensor technologies and the Internet of Things (IoT) are being utilized to monitor and regulate various food production and distribution parameters. Intelligent sensors furnish up-to-the-minute information, facilitating preemptive actions to avert contamination or deterioration. Data analytics and artificial intelligence (AI) are transforming data interpretation and decision-making in food safety testing. By analyzing enormous datasets, recognizing patterns, and forecasting potential risks, these technologies contribute to developing more effective preventive measures.
An elevated emphasis has been placed on allergen and GMO testing as a result of the expanding use of genetically modified organisms (GMOs) and the rising incidence of food allergies. Sophisticated methodologies are presently under development to identify and quantify particular allergens and genetic modifications. Increased awareness among consumers regarding the quality of their food has resulted in a greater need for transparent production methods and labeling. As a consequence of this development, it is becoming more reliant on precise and transparent data concerning the constituents of food items. This trend is influencing it by necessitating accurate and clear information regarding the composition of food products.
As per the data from the Government of Canada, in 2022, the food and beverage processing industry were the largest manufacturing industry in Canada in terms of production value, with sales of goods manufactured worth $156.5 billion. In 2022, processed food and beverage product exports reached a noteworthy $54.3 billion in value, reflecting a 14.1% growth compared to 2021. This figure accounted for 34.7% of the total value of production. Thus, rising food safety initiatives and the food and beverage sector in North America will help in the expansion of the market.
The US market dominated the North America Food Safety Testing Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $7,602.8 million by 2030. The Canada market would register a CAGR of 8.7% during (2023 - 2030). Additionally, The Mexico market is showcasing a CAGR of 7.7% during (2023 - 2030).
Free Valuable Insights: The Food Safety Testing Market is Predict to reach $32.5 Billion by 2030, at a CAGR of 7.1%
Based on Food Tested, the market is segmented into Processed Food, Meat & Meat Product, Cereals, Grains & Pulses, Dairy & Dairy Product and Others. Based on Technology, the market is segmented into PCR-Based Assay, Immunoassay-Based, Agar Culturing and Others. Based on Type, the market is segmented into Pathogen, Genetically Modified Organism (GMO), Chemical & Toxin and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Food Tested
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