Food Safety all the More Important as Food-borne Illnesses Spread

The global market for food safety products and food safety testing might never be unneeded. As long as the scope for food-borne illnesses exist, food testing will be an inherent part of the food and beverages industry. Even if we were to discount the intentional use of harmful chemicals and products in the food we eat, there will still be a sizeable margin left for human error and the use of chemicals presumed to be non-toxic. With the recent increase in the number of patients suffering from food poisoning, the global food safety products and food safety testing market could witness a significant rise.

Projected to exhibit a CAGR of 8.60% between 2010 and 2018, the global food safety products and food safety testing market can be expected to rise from US$10.1 bn in 2010 to US$19.4 bn by 2018. At the moment, the key players influencing and thriving in the global food safety products and food safety testing market are Ecolab, Bio-Rad Laboratories, Inc., IDDEX Laboratories, Inc., Roka Bioscience, Agilent Technologies, Inc., Douglas Scientific, Biocontrol Systems, Inc., and Thermo Fisher Scientific. Each company holds its own major stake in the market over single or multiple regions, depending on their reach.

Key Players in the Market and their Recent Activities

Thermo Fisher Scientific recently received the U.S. FDA’s approval for releasing a new set of tests for detecting allergen components in hazelnut, cashews, and walnuts. The firm is one of the topmost players in the global food safety products and food safety testing market and continues to grow alongside this market. This allows the company to use five new tests for IgE sensitization in the given product. The five new ImmunoCAP Allergen Components tests will be conducted in the lab systems provided by Phadia Laboratory Systems.

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Food Testing in High Demand in Emerging Economies

From a geographical standpoint, the global food safety products and food safety testing market is already quite developed in North America and Europe. Europe led the market in 2011 with a share of 34% in the market, followed by North America and Asia Pacific. The future of the global food safety products and food safety testing market, however, resides in the exceptionally high demand posted by the emerging economies in the Asia Pacific region.

Smart Tags and their Effect on Food Testing’s Future

The largest product segment of the global food safety products and food safety testing market in 2011 was disinfection. With a 43% share in the market for that year, disinfection products were, and continue to be, the most sought-after products for food testing. Indeed, disinfection products are exhibiting a CAGR of 8.20% between 2010 and 2018. They totaled at US$4.4 bn in 2010 and can be expected to reach around US$8.3 bn by the end of 2018. The future of the global food safety products and food safety testing market could, however, lie in the rapidly expanding smart labels and tags segment.

Researchers from the Peking University, Beijing, had already been working on smart tags that can tell when a food or medicine product is spoilt. The tags change color from orange to green, signifying a range of food integrity between “100% fresh” to “100% stale”. With tech like this, the future of the global food safety products and food safety testing market could be built around instant procedures to test food and make it safer.