The US food safety testing market was valued at $3.3 billion in 2011 and is projected to increase slightly in 2012. By 2017 the market is forecast to increase at a five-year compound annual growth rate (CAGR) of 5.6%, to reach a total market value of nearly $4.4 billion.
The food safety testing market is dominated by pathogen testing due to their high prevalence in the contamination of food. Typical pathogens include E. coli, campylobacter, listeria and salmonella. The pathogens segment is expected to increase from nearly $3 billion in 2012 to $3.9 billion in 2017, a CAGR of 5.7%.
Toxins are expected to jump from $141 million in 2012 to $162 million in 2017, a CAGR of 2.8%.
By type, meat and poultry accounted for the major share in the food testing market; estimated to be around $654 million in 2010; and is expected to increase to $1107 million in 2015 at a CAGR of 11.09% for the same period.
Processed food follows as the next largest and fastest growing segment in the food safety testing market, which is estimated to grow at a CAGR of 11.58% from 2010 to 2015.
Europe accounts for the largest share in the global food safety testing market; primarily due to the stringent nature of food safety regulations pertaining to certain pathogens, especially in member states of the European Union such as Germany, UK, and Italy. However, Asia-Pacific represents the fastest growing region.
Key players in the food safety testing market are Agilent Technologies, whose US operations are headquartered in Santa Clara, California; and Celsis International, headquartered in Chicago.
For more information on the food safety testing market, see the latest research: Food Safety Testing Market Report
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