Food Safety Testing System Market Size- Industry Share, Growth, Trends and Forecast 2027 by Top Leading Key Players UiPath, SolveXia, Appian, Mitsubishi Electric Corporation, Automation Anywhere Inc.
Research Reports
Jan 14, 2021
Market Size – USD 492.1 Million in 2019, Market Growth – CAGR of 18.2%, Market Trends –Growing automation trend in the manufacturing sector
Food safety is often used as an instrument for the control and taxation of trade and the imposition of tariffs. In addition, a shift in the behavior and demographics of the population across the Asian Pacific is expected to stimulate food consumption, which is likely to increase food safety assessment demand over the forecast period. Due to the massive change in people’s lifestyles and the increasing popularity of restaurants that provide quick service, there is a growing demand for packaged food products. In developing and developed economies, there is an increase in outbreaks of chemical contamination in the food processing industries, which is driving demand for the food safety testing system market during the forecast period.
There is a growing demand for packaged food products due to the massive change in the lifestyle of people and the increasing popularity of restaurants that provide quick service. There is an increase in outbreaks of chemical contamination in food processing industries in the developing and developed economies due to the improper usage of techniques and chemicals in the production of ready-to-eat meals, which is driving the demand of the product in the market over the forecast period.
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Key participants include UiPath, SolveXia, Appian, Mitsubishi Electric Corporation, Automation Anywhere Inc., Allerin Tech Pvt. Ltd., OneGlobe LLC, Wipro Limited, Tata Consultancy Services Ltd., and Catalytic Inc., among others.
Food Safety Testing System Market Drivers
The market size of the global food safety testing system was valued in 2019 at USD 19.94 billion and is expected to reach USD 33.78 billion at a CAGR of 6.5% by the year 2027. Increased chemical pollution in the food processing industry is likely to increase market demand over the forecast period. Inappropriate use of ready-to-eat food production techniques will also stimulate market growth. Due to factors such as massive lifestyle changes, and the increasing popularity of fast-service restaurants, the need for safety testing for food items is on the rise. Growth in the food safety testing sector is also expected to increase the demand for quality tests for processed or unprocessed meats.
Food Safety Testing System Market: Regional Outlook
As a leading business area, Europe has emerged, accounting for a market share of 36.1% in 2019, and SA represents the bulk of the revenue market share. The high prevalence of food-related allergies is projected to increase the reliance of consumers in the region on safety checks. The Asia Pacific food safety testing system market is expected to report substantial progress due to rise in the food safety activities.
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Technology Outlook (Revenue, USD Billion; 2017-2027)
Robotic Process Automation (RPA)
Artificial Intelligence (AI)
Machine Learning (ML)
Biometrics
Chatbots
Natural Language Generation (NLG)
Others
Industry Verticals Outlook (Revenue, USD Billion; 2017-2027)
BFSI
Retail
Manufacturing
Healthcare
Others
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