Product Code: A289754
The global food safety monitoring system market is anticipated to reach $63,492.3 thousand by 2032, growing from $36,074.5 thousand in 2022 at a CAGR of 6.1% from 2023 to 2032.
A food safety monitoring system is a complete framework of practices, technologies, and protocols designed to ensure the security and quality of food products throughout the complete supply chain. It involves systematic monitoring, analysis, and management of various factors, including hygiene, illness risks, storage conditions, and transportation. Leveraging technologies such as sensors, information analytics, and traceability tools, the system aims to detect and mitigate potential hazards, comply with regulatory standards, and provide consumers with assurance regarding the security and quality of the food they consume.
Food safety guidelines are essential in achieving all-inclusive adherence to food security and achieving the significant global demand for safe food. These assessments typically examine a food's biochemical composition, physical attributes, and the potential presence of undesirable impurities. Well-established testing techniques are accessible for addressing each specific concern, such as conventional methods for detecting unwanted microbial growth. The identification of potential hazards constitutes an integral component of a comprehensive Hazard Analysis and Critical Control Points (HACCP compliance testing) testing plan and an overall food safety management system. Food testing prevents the risk of foodborne illness and any hazards related to it. According to the World Health Organization, every year, 420,000 people worldwide die and an estimated 600 million get sick from eating spoiled food, resulting in 33 million years of healthy life. Moreover, 40% of foodborne disease deaths occur in children under the age of five, which results in 125,000 deaths annually.
Food safety testing requires specialized equipment and expertise, both of which are expensive for businesses, particularly small ones. Some businesses find it difficult to implement adequate food safety measures because they lack the resources to invest in expensive testing equipment or hire trained personnel. Therefore, they choose to conduct less thorough testing or none, putting consumers at risk. Furthermore, the cost of testing is passed on to consumers, leading to higher food prices. The high cost of food safety testing equipment and services limits market growth, particularly in developing countries with limited resources.
The rising demand for food safety solutions, driven by the growing health and wellbeing trend, is the most important factor driving the food safety monitoring system market expansion. Factors such as rapid urbanization, economic development, and increased disposable income contribute positively to the expansion of the food & beverage industry. The market is further driven by the rising popularity of convenience food products and government initiatives to mitigate foodborne diseases. The current trend of increased consumption of frozen foods and ready-to-eat food products, influenced by a hectic lifestyle and a growing population, is predicted to substantially boost the food safety monitoring system market expansion during the forecast period.
The food safety monitoring system market experienced distinct phases post-COVID-19. During the pandemic, there was an increased focus on food safety, prompting increased adoption of monitoring systems to ensure product quality. Post-COVID-19, the market continues to evolve with sustained emphasis on safety protocols. The adoption of advanced technologies, like IoT and blockchain, has become imperative for real-time monitoring and traceability. The industry's resilience in adapting to new norms and prioritizing robust measures highlights a lasting commitment toward food safety. The convergence of regulatory compliance, technology, and consumer expectations remains pivotal, shaping the food safety monitoring system market in a post-pandemic landscape.
The key players profiled in this report include SGS SA, RJ Hill Laboratories Ltd., DuPont, Intertek Group PLC, Danaher Corporation, SAP, AsureQuality Ltd., SecureMetric Technology, IBM, and Bureau Veritas SA. The market players are continuously striving to achieve a dominant position in this competitive market using strategies such as collaborations and acquisitions.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the food safety monitoring system market analysis from 2022 to 2032 to identify the prevailing food safety monitoring system market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the food safety monitoring system market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global food safety monitoring system market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- Product Life Cycles
- Supply Chain Analysis & Vendor Margins
- Technology Trend Analysis
- Market share analysis of players by products/segments
- New Product Development/ Product Matrix of Key Players
- Regulatory Guidelines
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Criss-cross segment analysis- market size and forecast
- Expanded list for Company Profiles
- Historic market data
- Key player details (including location, contact details, supplier/vendor network etc. in excel format)
- List of customers/consumers/raw material suppliers- value chain analysis
- Market share analysis of players at global/region/country level
- SWOT Analysis
Key Market Segments
By Technology
By Component
By End-user
- Food Processing Companies
- Food Retailers
- Food Manufacturing
- Restaurants
- Bakeries
- Beverages Companies
By Region
- North America
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- South Africa
- Rest of LAMEA
Key Market Players:
- SGS SA (Societe Generale de Surveillance SA)
- RJ Hill Laboratories Ltd.
- DuPont (US)
- Intertek Group plc
- Danaher Corporation
- SAP
- AsureQuality Ltd.
- SecureMetric Technology
- IBM
- Bureau Veritas SA
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
- 3.5. Average Selling Price
- 3.6. Market Share Analysis
- 3.7. Brand Share Analysis
- 3.8. Trade Data Analysis
- 3.9. Product Consumption
- 3.10. Value Chain Analysis
- 3.11. Regulatory Guidelines
- 3.12. Key Regulation Analysis
- 3.13. Reimbursement Scenario
- 3.14. Patent Landscape
CHAPTER 4: FOOD SAFETY MONITORING SYSTEM MARKET, BY TECHNOLOGY
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Cloud-based
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. On-premises
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: FOOD SAFETY MONITORING SYSTEM MARKET, BY COMPONENT
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Software
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Hardware
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
CHAPTER 6: FOOD SAFETY MONITORING SYSTEM MARKET, BY END-USER
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Food Processing Companies
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Food Retailers
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Food Manufacturing
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. Restaurants
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
- 6.6. Bakeries
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country
- 6.7. Beverages Companies
- 6.7.1. Key market trends, growth factors and opportunities
- 6.7.2. Market size and forecast, by region
- 6.7.3. Market share analysis by country
CHAPTER 7: FOOD SAFETY MONITORING SYSTEM MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Technology
- 7.2.3. Market size and forecast, by Component
- 7.2.4. Market size and forecast, by End-user
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Market size and forecast, by Technology
- 7.2.5.1.2. Market size and forecast, by Component
- 7.2.5.1.3. Market size and forecast, by End-user
- 7.2.5.2. Canada
- 7.2.5.2.1. Market size and forecast, by Technology
- 7.2.5.2.2. Market size and forecast, by Component
- 7.2.5.2.3. Market size and forecast, by End-user
- 7.2.5.3. Mexico
- 7.2.5.3.1. Market size and forecast, by Technology
- 7.2.5.3.2. Market size and forecast, by Component
- 7.2.5.3.3. Market size and forecast, by End-user
- 7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Technology
- 7.3.3. Market size and forecast, by Component
- 7.3.4. Market size and forecast, by End-user
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. Germany
- 7.3.5.1.1. Market size and forecast, by Technology
- 7.3.5.1.2. Market size and forecast, by Component
- 7.3.5.1.3. Market size and forecast, by End-user
- 7.3.5.2. UK
- 7.3.5.2.1. Market size and forecast, by Technology
- 7.3.5.2.2. Market size and forecast, by Component
- 7.3.5.2.3. Market size and forecast, by End-user
- 7.3.5.3. France
- 7.3.5.3.1. Market size and forecast, by Technology
- 7.3.5.3.2. Market size and forecast, by Component
- 7.3.5.3.3. Market size and forecast, by End-user
- 7.3.5.4. Spain
- 7.3.5.4.1. Market size and forecast, by Technology
- 7.3.5.4.2. Market size and forecast, by Component
- 7.3.5.4.3. Market size and forecast, by End-user
- 7.3.5.5. Italy
- 7.3.5.5.1. Market size and forecast, by Technology
- 7.3.5.5.2. Market size and forecast, by Component
- 7.3.5.5.3. Market size and forecast, by End-user
- 7.3.5.6. Rest of Europe
- 7.3.5.6.1. Market size and forecast, by Technology
- 7.3.5.6.2. Market size and forecast, by Component
- 7.3.5.6.3. Market size and forecast, by End-user
- 7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Technology
- 7.4.3. Market size and forecast, by Component
- 7.4.4. Market size and forecast, by End-user
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Market size and forecast, by Technology
- 7.4.5.1.2. Market size and forecast, by Component
- 7.4.5.1.3. Market size and forecast, by End-user
- 7.4.5.2. Japan
- 7.4.5.2.1. Market size and forecast, by Technology
- 7.4.5.2.2. Market size and forecast, by Component
- 7.4.5.2.3. Market size and forecast, by End-user
- 7.4.5.3. India
- 7.4.5.3.1. Market size and forecast, by Technology
- 7.4.5.3.2. Market size and forecast, by Component
- 7.4.5.3.3. Market size and forecast, by End-user
- 7.4.5.4. South Korea
- 7.4.5.4.1. Market size and forecast, by Technology
- 7.4.5.4.2. Market size and forecast, by Component
- 7.4.5.4.3. Market size and forecast, by End-user
- 7.4.5.5. Australia
- 7.4.5.5.1. Market size and forecast, by Technology
- 7.4.5.5.2. Market size and forecast, by Component
- 7.4.5.5.3. Market size and forecast, by End-user
- 7.4.5.6. Rest of Asia-Pacific
- 7.4.5.6.1. Market size and forecast, by Technology
- 7.4.5.6.2. Market size and forecast, by Component
- 7.4.5.6.3. Market size and forecast, by End-user
- 7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Technology
- 7.5.3. Market size and forecast, by Component
- 7.5.4. Market size and forecast, by End-user
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Brazil
- 7.5.5.1.1. Market size and forecast, by Technology
- 7.5.5.1.2. Market size and forecast, by Component
- 7.5.5.1.3. Market size and forecast, by End-user
- 7.5.5.2. Saudi Arabia
- 7.5.5.2.1. Market size and forecast, by Technology
- 7.5.5.2.2. Market size and forecast, by Component
- 7.5.5.2.3. Market size and forecast, by End-user
- 7.5.5.3. UAE
- 7.5.5.3.1. Market size and forecast, by Technology
- 7.5.5.3.2. Market size and forecast, by Component
- 7.5.5.3.3. Market size and forecast, by End-user
- 7.5.5.4. South Africa
- 7.5.5.4.1. Market size and forecast, by Technology
- 7.5.5.4.2. Market size and forecast, by Component
- 7.5.5.4.3. Market size and forecast, by End-user
- 7.5.5.5. Rest of LAMEA
- 7.5.5.5.1. Market size and forecast, by Technology
- 7.5.5.5.2. Market size and forecast, by Component
- 7.5.5.5.3. Market size and forecast, by End-user
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product mapping of top 10 player
- 8.4. Competitive dashboard
- 8.5. Competitive heatmap
- 8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
- 9.1. SGS SA (Societe Generale de Surveillance SA)
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.2. RJ Hill Laboratories Ltd.
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.3. DuPont (US)
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.4. Intertek Group plc
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.5. Danaher Corporation
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.6. SAP
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.7. AsureQuality Ltd.
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.8. SecureMetric Technology
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.9. IBM
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.10. Bureau Veritas SA
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot