Global Food Safety Testing Market to Reach $37B
The global market for food safety testing is projected to grow at a 7.5% compound annual growth rate, reaching USD 37.13 billion by 2031. This growth is driven by rising consumer awareness of foodborne risks and stricter regulations. Increasing complexity in the global food trade is also a major factor contributing to the demand for advanced analytical technologies.
- Following the lifting of its export restrictions in late 2025 and early 2025, India's rice exports surged 19.4% in 2025 to 21.55 million metric tonnes, putting downward pressure on global prices. - Vietnam is securing long-term export stability through bilateral agreements, including a Memorandum of Understanding with Singapore for unimpeded rice supply and a pending five-year deal with the Philippines. - The Thai Baht has been one of Asia's most stable currencies against the US dollar over the long term, though it has seen recent depreciation against some regional currencies. Forecasts for the EUR/THB exchange rate through 2026 are mixed, with some analysts predicting the Euro will strengthen to approximately 39.2-39.8 THB. - The European Union is significantly increasing scrutiny on agri-food imports in 2026, with 51% of its audits set to focus on non-EU exporters, up from 33% in 2025. A new EU task force launched in January 2026 will harmonize these import controls, focusing on pesticide residues and food safety. - European retailers like Lidl are now marketing rice certified by the Sustainable Rice Platform (SRP), which provides a formal standard for sustainable cultivation, helping producers access markets with high demand for sustainably sourced food. - New EU food safety regulations will set maximum levels for nickel in rice, which will be applicable starting July 1, 2026. - A recent US-Japan trade agreement threatens to reduce Thailand's annual tariff-free rice export quota to Japan from 300,000 tonnes to less than 100,000 tonnes, as Japan has committed to importing a larger share of rice from the US. - The European rice market is projected to reach over USD 1 billion by 2033, with the fastest-growing segment expected to be aromatic varieties like Basmati and Jasmine, driven by consumer interest in international cuisines.
