Transparency Market Research (TMR) provides answers to a number of questions that may prove useful for upcoming players looking to invest in the market for food safety testing.
Q. What are the current key technologies gaining attention in the market?
The food safety testing market is emphasizing on technologies that are customizable and low-cost, enable rapid detection, and provide source identification. Key technologies involving the physical separation of contaminants, protection and packaging coatings, biosensors, and non-thermal and thermal interventions have been accepted within the food safety testing market. Hence, the requirement is to make more reliable, user-friendly, and precise materials and technologies offering the aforementioned properties. It has been observed that nanotechnology and nanomaterial-based technologies are gaining traction for carrying on swift pathogen testing.
In addition, a number of key sustainable technologies such as edible pathogen detection composition or edible coatings are predicted to gain dominance in the market beyond 2022. Furthermore, opportunities for the food safety technologies market are predicted to arise in hands-free wearable devices, rapid pathogen detector sensors, nanocomposite packaging, and smartphone mobile applications.
Q. What factors have brought about innovations in the food safety testing market?
The major drivers responsible for the increasing innovations in food safety are the strict requirements for food safety and quality being imposed by large fast food restaurants globally. This market is successful owing to the ability of large buyers of meat who enforce standards through process audits and testing. In addition, the increasing international trade also results in increased innovations in food safety. The demand from foreign buyers for high safety standards in testing products and the premium prices paid by these buyers will boost the overall innovation in food safety. Residue limit testing, labelling restrictions, and export and import testing will also result in new and improved testing methods by food laboratories to keep up with the volatile applicable laws.
Q. What are the key challenges that the market for food safety testing may experience?
Confusion over food regulations and standards amongst nations has created a lot of difficulty in establishing global food safety norms and has created uncertainties about the reliable set of food safety products to be adopted. In addition, the soaring cost of food safety technologies has also emerged as a key challenge for the market.