Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
The Global COVID-19 Impact on Food Safety Testing Market bolstering the market share owing to consumer safety concern and emerging testing technologies
The global COVID-19 impact on the food safety testing market has the potential to grow with USD 13.2 billion with propelling CAGR in the forecast period from 2020-2021. The emerging demand for food safety testing across the world is due to the outbreak of coronavirus, the emerging market for testing virus technologies. To provide an adequate food supply chain and maintain safety and security in food products.
Food safety has always been the focus of public concern, and food safety testing has become an essential part of eliminating food safety issues, and it has increasingly received market attention. Thus, the rapid development of food safety testing equipment and instruments mainly used to detect, inspect, and analyze toxic and harmful substances in food is rising.
The outbreak of COVID-19 impacted many industries contributing to the economy in the world are close to follow the guidelines to maintain social distancing to break the chain of the virus. But the food sector is the only industry which is working to provide a basic necessity to the consumer and keeping the safety and security of food in priority. The food industry is also majorly affected as their shortage of fertilizers, supply chains, and restaurants are closed to reduce the sales and production of food.
Moreover, with the virus spreading, people are concerned about buying processed food and vegetables. Therefore, countries across the world are investing massive amounts on labs, kits and instruments, and devices to detect the pathogens, viruses and provide safe and secure food to the consumers.
Testing Technology overview in the Global COVID-19 Impact on Food Safety Testing Market
Based on the testing technology, the global COVID-19 impact on the food safety testing market segment into DNA-based, Immunoassay-based, Chromatography- & Spectroscopy-based. The DNA-based segment accounted for the largest share in the global food safety testing market. DNA-based testing technology helps in providing a complete solution for detecting the presence or absence of pathogens in food. It can quickly identify animal species and provide results in the shortest period. DNA testing technology is a safe and fastest testing method and commonly identifies bacteria within a single experiment. Therefore, the demand for the food safety testing market is propelling with emerging testing technologies like DNA.
Targets Tested overview in the Global COVID-19 Impact on Food Safety Testing Market
Based on the targets tested, the global COVID-19 impact on the food safety testing market classified into Pathogen, GMO, Allergen, and Mycotoxin. The pathogen segment is estimated to dominates the maximum share of the food safety testing market in the forecast period. Various technologies such as automated microbial rapid identification system, using a combination of computer and instrument to complete for pathogen detection. Thus, these technologies and methods used to identify pathogens from food and provide rapid results and with uniform accuracy to ensure the safety of food.
Region overview in the Global COVID-19 Impact on Food Safety Testing Market
Based on geography, the global COVID-19 impact on the food safety testing market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America region is capturing the largest market share of the global food safety testing market. It is mainly due to the adoption of reliable technologies that helps in providing safety and security in the food industry. Moreover, the government in North America is investing in testing kits, and new technologies to identify the pathogens on food and eliminates the risk of virus spreading.
Global COVID-19 Impact on Food Safety Testing Market: Competitive Landscape
Companies such as Eurofins, SGS, Intertek, Bureau Veritas, TUV SUD, and others are key players in the global COVID-19 impact on the food safety testing market.