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Food Safety and TIC

Food Safety and TIC Market Research Reports

"Impact of Regulatory and Technological Advances on the Food Safety and TIC Market (2024 Market Size: USD 27.3 billion)"!

Food Safety and TIC Industry Overview

In recent years, the food safety and TIC (Testing, Inspection, and Certification) market has experienced substantial development and transformation, which technological advancements, stricter regulations, and increased consumer awareness have influenced. The global food safety testing market size was USD 22.3 billion in 2023 and will grow at a CAGR of 5.3% annually. The food safety testing market size is USD 27.3 billion in 2024. This expansion is stimulated by the escalating prevalence of infectious illnesses and the strict government regulations that are designed to guarantee food safety. The food safety and TIC market will be USD 41.3 billion by 2031, with a CAGR 5.3%. The incorporation of advanced technologies such as blockchain, AI, and IoT has transformed the TIC market. For instance, blockchain technology is improving the transparency and traceability of the food supply chain. In 2024, more than 20% of global agricultural companies will have implemented blockchain technology for traceability purposes. 

The strict food safety regulations are still driving the demand for TIC services. The Food Safety Modernization Act (FSMA) has had a substantial effect on the market in the United States. In the same vein, the General Food Law Regulation of the European Union has played a critical role in the development of the TIC landscape in Europe. Increased compliance and testing were required as a result of the updates to food safety regulations in more than 30 countries in 2023. Consumers are increasingly concerned with the purity and safety of their food. According to a 2023 survey, 68% of consumers are amenable to paying an additional fee for products that are certified to meet higher safety standards. Companies are being compelled to implement rigorous testing and certification procedures in order to establish a competitive advantage as a result of this consumer behavior. 

The market remains dominated by prominent companies in the TIC market, including Bureau Veritas, Intertek Group plc, and SGS SA. SGS SA experienced a 7.2% increase in revenue in 2023, which was primarily due to the increasing demand for food safety testing and certification services. The Asia-Pacific region is becoming a significant participant in the TIC market of food safety. The market in the region is expanding at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2024, a trend that is fueled by rapid urbanization, growing consumer awareness, and an expanding middle-class population.

Top Countries Contributing in Food Safety and TIC Market

United States (2024 Market Size: USD 6.1 billion)

The global food safety and TIC market was dominated by the United States in 2023, with a market size USD 5.6 billion. In 2024 the U.S. Food Safety and TIC market size is USD 6.1 billion in 2024, with a compound annual growth rate (CAGR) of 4.5%. Agriculture, meat and poultry, and processed foods are the primary markets that are propelling this demand. The Food Safety Modernization Act (FSMA) has considerably increased the demand for robust testing, inspection, and certification services. At the same time, the U.S. food safety landscape is heavily influenced by its strict regulations. United States holds 25% of the global market share in the food safety TIC market. The adoption of advanced technologies including AI and blockchain, increased by 20% in 2023, thereby improving the efficiency and traceability of food safety management. In 2024, more than 30% of U.S. food companies will integrate these technologies into their operations.

Germany (2024 Market Size: USD 2.3 billion)

According to cognitive market research, The Germany's food safety and TIC market share is 12% of the total revenue generated and its market size was USD 2.1 billion 2023, and will be USD 2.3 billion in 2024 with a compound annual growth rate (CAGR) of 4.8%. Dairy, confectionery, and confectionery are among the sectors that primarily employ TIC services. The high demand for TIC services is a result of the Federal Office of Consumer Protection and Food Safety (BVL)'s stringent food safety regulations in Germany. The adoption rates of IoT and AI technologies in food safety in Germany experienced a 25% increase in 2023 and in 2024, more than 35% of food processing companies will incorporate these technologies to improve food safety and quality control.

China (2024 Market Size: USD 4 billion)

The China's food safety and TIC market size is USD 4 billion in 2024, with a compound annual growth rate (CAGR) of 5.7%. In 2023, the market was valued at USD 3.5 billion. Dairy, seafood, and fresh produce comprise the primary sectors that propel this market. China's food safety regulations, which are enforced by the China Food and Drug Administration (CFDA), have been instrumental in the expansion of the TIC market. China holds 15% of the global market share. In 2023, there was a 30% increase in the integration of sophisticated technologies, such as blockchain, for traceability and 40% of food companies in China will implement these technologies by 2024 to guarantee compliance and improve food safety standards.

Japan (2024 Market Size: USD 2.1 billion)

According to cognitive market research, the Japan food safety and TIC market was valued at USD 1.9 billion and will be USD 2.1 billion in 2024, with a compound annual growth rate (CAGR) of 4.9%. Processed foods, seafood, and beverages comprise critical sectors. The demand for TIC services is fueled by the Ministry of Health, Labour, and Welfare (MHLW)'s strict enforcement of food safety regulations. Japan holds 10% of the global market. The utilization of AI and machine learning in food safety processes has increased by 22% in 2023. These technologies are will implemented by more than 25% of food manufacturers in Japan in 2024 in order to enhance quality and safety standards.

United Kingdom (2024 Market Size: USD 2 billion)

In 2024, the food safety and TIC market size in the United Kingdom is USD 2 billion, with a compound annual growth rate (CAGR) of 4.4%. In 2023, the market was valued at USD 1.8 billion. Dairy, livestock, poultry, and beverages comprise the primary sectors. The Food Standards Agency (FSA) is instrumental in the regulation of food safety, which in turn stimulates the TIC market. United Kingdom holds 9% of the global market share. The utilization of blockchain technology to enhance supply chain transparency experienced an 18% increase in 2023. and 28% of UK food companies will incorporate blockchain technology to improve food safety and traceability by 2024.

France (2024 Market Size: USD 1.9 billion)

According to cognitive market research, the France food safety and TIC market size was USD 1.7 billion in 2023 and will be USD 1.9 billion in 2024, with a compound annual growth rate (CAGR) of 4.6%. Dairy, livestock, and bakery comprise critical sectors. The French Agency for Food, Environmental, and Occupational Health & Safety (ANSES) is responsible for the enforcement of rigorous food safety regulations. France holds 8% of the global market share. The adoption of IoT technologies for food safety management has increased by 20% in 2023 and 30% of French food companies will implement these technologies by 2024 to enhance safety standards and assure compliance.

Canada (2024 Market Size: USD 1.7 billion)

The Canada food safety and TIC market share is 7% of the total revenue generated and its market size was USD 1.5 billion in 2023 and will be USD 1.7 billion in 2024, with a compound annual growth rate (CAGR) of 4.5%. Meat and poultry, seafood, and dairy comprise the primary sectors. The TIC market is stimulated by the Canadian Food Inspection Agency (CFIA)'s strict enforcement of food safety standards. The integration of AI in food safety testing has increased by 19% in 2023 and 25% of Canadian food companies will implement AI technologies to improve food safety and quality control by 2024.

Italy (2024 Market Size: USD 1.6 billion)

As per cognitive market research, the food safety and TIC market in Italy was valued at USD 1.4 billion in 2023 and will be USD 1.6 billion in 2024, with a compound annual growth rate (CAGR) of 4.3%. Dairy, wine, and processed consumables comprise critical sectors. The TIC market is considerably impacted by the Ministry of Health's strict food safety regulations. Italy holds a 6% of the global market share. The adoption of blockchain for food traceability has increased by 21% in 2023 and 27% of Italian food companies will implement blockchain technology to improve transparency and safety by 2024.

Australia (2024 Market Size: USD 1.5 billion)

The food safety and TIC market share is 5% of the total revenue generated and its market size was USD 1.3 billion in 2023 and will be USD 1.5 billion in 2024, with a compound annual growth rate (CAGR) of 4.7%. Meat, seafood, and dairy comprise the primary sectors. Food safety is regulated by Food Standards Australia New Zealand (FSANZ), which fuels the demand for TIC services. The utilization of IoT technologies for food safety has increased by 23% in 2023 and 29% of Australian food corporations will implement these technologies to improve safety and compliance by 2024.

Netherlands(2024 Market Size: USD 1.4 billion)

The Netherlands' food safety and TIC market size is USD 1.4 billion in 2024, with a compound annual growth rate (CAGR) of 4.5%. In 2023, the food safety and TIC market was valued at USD 1.2 billion. Dairy, meat, and processed consumables comprise critical sectors. The TIC market is propelled by the strict regulations of the Netherlands Food and Consumer Product Safety Authority (NVWA). Netherland holds 4% of the global market share. The adoption of AI in food safety processes has increased by 20% in 2023 and 26% of Dutch food companies will incorporate AI technologies to enhance food safety and quality standards by 2024.

PESTEL Analysis of Food Safety and TIC Market

Political

The food safety and TIC (Testing, Inspection, and Certification) market is significantly influenced by the political landscape. The demand for TIC services is significantly influenced by the strict enforcement of food safety regulations by governments worldwide in order to safeguard public health. The Food Safety Modernization Act (FSMA) in countries such as the United States mandates stringent standards for food production and distribution, which necessitates extensive testing and certification processes. In the same vein, the TIC market in Europe is encouraged by the European Union's General Food Law Regulation, which imposes stringent safety standards and compliance requirements. International trade agreements and policies also influence the market. For example, free trade agreements (FTAs) can facilitate cross-border commerce, but they also impose specific food safety standards that exporting countries must adhere to. Thorough testing and certification are frequently necessary to ensure compliance with these standards, which in turn leads to an increase in the demand for TIC services. The market's development prospects are further bolstered by governmental support for food safety initiatives and political stability. TIC markets are more robust in countries with stable political environments and proactive food safety policies.

Economical

The food safety and TIC (Testing, Inspection, and Certification) market are significantly influenced by the economic environment. The demand for food products is directly influenced by economic growth and consumer purchasing patterns, which in turn affect the need for TIC services. The growth of the food industry is stimulated by increased consumer expenditure on food and beverages during periods of economic prosperity, which in turn increases the demand for food safety testing, inspection, and certification services. Additionally, the expansion of international trade and globalization are critical. Extensive testing and certification are required as food products are required to adhere to a variety of international standards and regulations as they are transported across borders. The TIC market has experienced development as a result of the increased complexity and necessity for rigorous food safety measures that have resulted from the globalization of food supply chains. Nevertheless, economic downturns can present obstacles. Reduced consumer expenditure on premium and certified food products during economic recessions can result in a decrease in demand for TIC services.

Social

The food safety and TIC (Testing, Inspection, and Certification) market is significantly influenced by social factors. The market is significantly influenced by the growing awareness of food safety and the evolving preferences of consumers. Consumers are currently more informed and concerned about the quality and safety of the food they consume. This increased awareness generates a greater demand for food products that have been certified and tested, which in turn stimulates growth in the TIC market. Additionally, the escalation of infectious illnesses and public health concerns are significant factors. High-profile food safety scandals and outbreaks have intensified public scrutiny and demand for rigorous food safety protocols. Consequently, food companies are obligated to implement rigorous testing and certification procedures to guarantee that their products are both safe and in compliance with regulations. This trend is notably apparent in developed countries, where consumer expectations regarding food safety standards are elevated. The market has also been impacted by the escalating incidence of lifestyle diseases, including obesity, diabetes, and heart disease. Consumers are increasingly concerned with their health and are inclined to favor food products that are clearly labeled and contain nutritional information. The demand for comprehensive testing and certification services is driven by this change in consumer behavior, which is necessary to verify product claims and ensure compliance with health standards. In the food safety and TIC (Testing, Inspection, and Certification) market, technological advancements are a critical factor in driving growth and innovation. The implementation of state-of-the-art technologies, including blockchain, artificial intelligence (AI), and the Internet of Things (IoT), is revolutionizing the management of food safety and improving the efficacy and precision of TIC services. Blockchain technology is particularly effective in enhancing transparency and traceability throughout the food supply chain. Blockchain facilitates the monitoring of the origin, handling, and processing of food products by maintaining an immutable record of transactions. 

Technological

At the core of the food and beverage processing sector, technological advancements are the propelling force behind sustainability, innovation, and efficiency. The sector is distinguished by the accelerated adoption of state-of-the-art technologies, including automation, artificial intelligence (AI), the Internet of Things (IoT), and advanced packaging solutions. Food processing is being revolutionized by automation and robotics, which are facilitating increased productivity and consistent quality. Labor costs are reduced, and efficiency is enhanced through the implementation of automated systems for tasks such as sorting packaging, and quality control. The utilization of robotic systems in food processing plants worldwide will increase to 35% in 2024 from 30% in 2023. These technologies assist in the acceleration of production processes, the reduction of human error, and the preservation of sanitation standards. The utilization of AI and machine learning for predictive maintenance, supply chain optimization, and food safety monitoring is on the rise. AI algorithms analyze immense quantities of data to anticipate equipment failures in advance, thereby reducing maintenance costs and downtime. 

Environmental

The food safety and TIC (Testing, Inspection, and Certification) market is significantly influenced by environmental factors. The demand for stringent testing and certification services has been driven by the heightened scrutiny of food production processes and supply chains as a result of the increasing emphasis on sustainability and environmental conservation. The food safety and TIC market are significantly impacted by climate change, which is a significant environmental concern. Fluctuations may influence crop yields, food quality, and safety in temperature, precipitation patterns, and the frequency of extreme weather events. These environmental changes can result in the proliferation of foodborne pathogens and contaminants, which requires the implementation of more thorough testing and inspection protocols. For example, the risk of bacterial contamination in food products can be elevated by higher temperatures, necessitating the implementation of rigorous safety protocols. Consumer demand for environmentally friendly and health-conscious products is propelling the growth of sustainable agricultural practices and organic food production. This trend has resulted in a heightened demand for certification and verification services to guarantee that products adhere to organic and sustainability standards. The food industry's environmentally responsible practices are promoted by the TIC market, which is instrumental in ensuring compliance with these standards.

Legal

The food safety and TIC (Testing, Inspection, and Certification) market is significantly influenced by legal factors, as regulatory frameworks and compliance requirements drive the demand for these services. In order to safeguard public health, governments worldwide implement rigorous food safety regulations that necessitate rigorous testing and certification processes. The Food Safety Modernization Act (FSMA) in the United States is a comprehensive revision of food safety laws that prioritizes stringent compliance standards and preventive measures. This legislation has substantially elevated the demand for TIC services, as food companies are obliged to comply with stringent regulatory standards to guarantee the safety of their products for human consumption. Regular inspections, hazard analysis, and risk-based preventive controls are all required by the FSMA, and they necessitate comprehensive testing and certification. In the same vein, the General Food Law Regulation of the European Union establishes a harmonized approach to food safety, guaranteeing high levels of protection for consumer interests and human health. The demand for TIC services is driven by the necessity of rigorous testing, inspection, and certification processes to ensure compliance with safety standards as mandated by the regulation.

Key Players of Food Safety and TIC Market

SGS SA

SGS SA, a Swiss multinational corporation, generated USD 6.6 billion in revenue from its operations in 2023. The food safety and TIC market contributed USD 1.5 billion and will be USD 1.65 billion in 2024, indicating a compound annual growth rate (CAGR) of 5%. SGS SA allocates 7% of its revenue to innovation and technological advancements in 2023, with a particular emphasis on the integration of advanced technologies such as blockchain and AI to improve traceability and efficiency, as well as the enhancement of food safety protocols. The company invests significantly in research and development. Agriculture, food, life sciences, oil and gas, and industrial services comprise SGS SA's principal business segments. The food market is a substantial component of their operations, with food safety and TIC services being a critical segment. SGS SA offers a comprehensive array of services, such as testing, inspection, certification, and verification services, to guarantee that global food safety standards are met. SGS SA is a market leader in the food safety and TIC market, with an 15% of the global market share.

Intertek Group plc

In 2023, Intertek Group plc, a multinational corporation headquartered in the United Kingdom, generated revenue of USD 4.2 billion. The food safety and TIC market accounted for USD 1.2 billion of this total. In 2024, the market will expand to USD 1.3 billion, indicating a compound annual growth rate (CAGR) of 4.5%. Intertek is recognized for its considerable investment in research and development, allocating 6% of its revenue to the development of innovative solutions for quality assurance and food safety. Intertek's primary business segments consist of product testing, certification, inspection, and assurance services, with a particular emphasis on industrial services, pharmaceuticals, consumer goods, and food. Intertek's food safety and TIC segment is essential, as it offers services such as nutritional testing, food labeling, and contamination analysis. Intertek occupies 12% of the global market share in the TIC and food safety market. This market share is bolstered by their robust reputation for quality and reliability, as well as their extensive global presence.

Bureau Veritas

Bureau Veritas, which is headquartered in France, generated USD 5.3 billion in revenue in 2023. The food safety and TIC market contributed USD 1.3 billion. In 2024, this market will expand to USD 1.4 billion, with a compound annual growth rate (CAGR) of 4.6%. Bureau Veritas allocates 5% of its revenue to research and development, with an emphasis on the advancement of sophisticated food safety technologies and methodologies. Marine and offshore, industry, structures and infrastructure, certification, and consumer products comprise Bureau Veritas' principal business segments. The food safety and TIC market is a critical segment that offers a variety of services, including food testing, auditing, certification, and compliance verification. Bureau Veritas occupies 10% of the global market share in the TIC and food safety market. Their exhaustive service offerings and robust global presence have contributed to their substantial market share. Bureau Veritas experienced a 12% increase in demand for its food safety auditing services in 2023, which was primarily driven by the increasingly intricate global food supply chains and regulatory requirements.

Eurofins Scientific

In 2023, Eurofins Scientific, a Luxembourg-based corporation, generated a revenue of USD 6 billion, with the food safety and TIC market contributing USD 2 billion. In 2024, this market will expand to USD 2.2 billion, with a compound annual growth rate (CAGR) of 5%. Eurofins is distinguished by its substantial investment in research and development, allocating 8% of its revenue to the advancement of state-of-the-art testing and certification technologies. Food and feed testing, pharmaceutical testing, environmental testing, and clinical diagnostics comprise Eurofins' principal business segments. The food safety and TIC segment is a fundamental component of their operations, offering a diverse array of services such as microbiological testing, pesticide residue analysis, and food authenticity testing. Eurofins is a major participant in the global food safety and TIC market, with an 18% of the market share. Their sophisticated technological capabilities and extensive laboratory network serve as the foundation for this substantial market share. The demand for Eurofins' comprehensive food testing services increased by 20% in 2023 as a result of the heightened consumer demand for transparency and the implementation of more stringent food safety regulations.

TÜV SÜD

TÜV SÜD, a German company, generated USD 3.5 billion in revenue in 2023, with the food safety and TIC market accounting for USD 900 million. This market will expand to USD 1 billion in  2024, with a compound annual growth rate (CAGR) of 4.7%. TÜV SÜD allocates 6% of its revenue to research and development, with an emphasis on the integration of cutting-edge technologies into its services and the enhancement of food safety standards. Industrial services, mobility, and certification comprise TÜV SÜD's principal business segments. The food safety and TIC market is a significant segment that offers services such as food product testing, auditing, and certification to ensure compliance with global standards. TÜV SÜD occupies 8% of the global market share in the TIC and food safety market. Their exhaustive service offerings, as well as their strong reputation for quality and safety standards, have contributed to this market share. The increasing complexity of food supply chains and regulatory requirements drove a 14% increase in demand for TÜV SÜD's food safety certification services in 2023.

Recent developments in Food Safety and TIC Market

  • June 2023: Agilent Technologies, Inc. (US) introduced the 6495 triple quadrupole LC/MS system in June 2023. This system was specifically designed to meet the requirements of research and testing laboratories that specialize in high-volume sample processing. This system accomplishes its objectives by employing cutting-edge iFunnel technology.

Conclusion

Tight rules, new technologies, and more conscious consumers are fueling explosive development and change in the food safety and TIC (Testing, Inspection, and Certification) industry. The worldwide market for food safety testing was valued at USD 22.3 billion in 2023 and will be USD 27.3 billion in 2024, growing at a CAGR of 5.3%. The food safety and TIC market will be USD 41.3 billion by 2031, with a CAGR 5.3%. Due to their advanced technical adoption and strict regulatory frameworks, leading countries like the US, Germany, and China control a large portion of the global market.

Innovations in technology like blockchain, AI, and the Internet of Things are causing a dramatic shift in the industry. In order to improve the accuracy and efficiency of food safety testing, the use of artificial intelligence will rise by 35% by 2024, and more than 30% of enterprises worldwide will employ blockchain technology by the same year. In the lead, we see companies like SGS SA, Intertek Group plc, and Eurofins Scientific, who have invested much in research and development and provide complete services and who together control a large chunk of the market. Over 30 nations will update their food safety standards in 2023, adding to the ever-changing regulatory landscape. This will lead to increasing compliance and demand for TIC services. Additionally, consumer trends are highly influential; for example, 68% of people are prepared to pay more for products that have been independently verified as safe, which is compelling businesses to implement stringent testing and certification procedures.