BlueWeave Consulting, a leading strategic consulting, and Market research firm, in its recent study, estimated Saudi Arabia Food Safety Testing Market size by value at USD 300.83 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Saudi Arabia Food Safety Testing Market size to expand at a CAGR of 6.26% reaching a value of USD 468.14 million in 2030. Food Safety Testing Market in Saudi Arabia is growing due to foodborne illnesses and an increasing demand for safety testing from the thriving Saudi Arabia food & beverages industry. The industry is focusing on mechanical manipulation and technology to create value-added products. Despite lockdowns, the food & beverages industry experienced growth, particularly in fast-moving consumer goods (FMCG) and dairy. High consumption of milk leads to increased food safety testing, driving the market further. Notably, the increased consumption of ready-to-eat meals is also driving market growth.
Opportunity – Increasing global food trade
Saudi Arabia Food Safety Testing Market is experiencing growth due to the increasing global food trade and the increasing importation of diverse food products. Advancements in testing technologies and processes and regulatory scrutiny are driving market growth, while the Kingdom’s strategic position and complexities in the global food supply chain underscore the importance of sophisticated testing mechanisms.
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Impact of Escalating Geopolitical Tensions on Saudi Arabia Food Safety Testing Market
Intensifying geopolitical tensions across the world, particularly in the Middle East, can affect the growth of Saudi Arabia Food Safety Testing Market due to increased import restrictions and border controls. This has led to potential delays in food testing materials and technologies, necessitating robust domestic facilities and advanced testing protocols. Political instability and economic fluctuations across Middle Eastern and African countries may affect the funding and operational capabilities of food safety initiatives.
Saudi Arabia Food Safety Testing Market
Saudi Arabia Food Safety Testing Market – By Food Category
Based on food category, Saudi Arabia Food Safety Testing Market is divided into Meat, Poultry, Dairy, Processed Foods, Fruits & Vegetables, and Cereals & Grains segments. The meat, poultry, and seafood segment dominates Saudi Arabia Food Safety Testing Market due to high consumption and strict regulations. Increased consumer awareness about foodborne illnesses and health risks has driven demand for safe, high-quality meat products. Advanced testing methods detect contaminants, pathogens, and residues, ensuring the safety and quality of these products.
Competitive Landscape
Saudi Arabia Food Safety Testing Market is fiercely competitive. Major companies in the market include SGS, Bureau Veritas, Intertek, Eurofins Scientific, Mérieux NutriSciences, ALS Limited, Bio-Rad Laboratories, and Neogen Corporation. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Saudi Arabia Food Safety Testing Market.
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