Food Safety Monitoring System Market Size Analysis and Top Companies
The global food safety monitoring system market size is estimated to hit around USD 49.89 billion by 2033, increasing from USD 22.88 billion in 2023 with a CAGR of 8.11% from 2023 to 2033.The top companies operating in the food safety monitoring system market are IBM, RJ Hill Laboratories Ltd, AsureQuality Ltd., SGS SA, Intertek Group plc., Bureau Veritas SA, DuPont, Danahar Corporation, SecureMetric Technology, SAP, and Others.
Market Report Coverage
| Report Coverage |
Details |
| Market Size by 2033 |
USD 49.89 Billion |
| Market Size in 2023 |
USD 22.88 Billion |
| Market Growth Rate from 2023 to 2033 |
CAGR of 8.11% |
| Largest Market |
North America |
| Base Year |
2023 |
| Forecast Period |
2023 to 2033 |
| Segments Covered |
Technology, Component, End-User, and Regions |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America and Middle East, & Africa |
Food Safety Monitoring System Key Players
- IBM
- RJ Hill Laboratories Ltd
- AsureQuality Ltd.
- SGS SA
- Intertek Group plc.
- Bureau Veritas SA
- DuPont
- Danahar Corporation
- SecureMetric Technology
- SAP
Latest Announcements by Industry Leaders
- In September 2024, with the integration of the FDA, the IBM Food Trust is designing a smarter, more sustainable, and safer food system for all. It introduces the built system solution aiming to facilitate accurate traceability, which the new FDA ruling is mandating.
- In October 2024, Mérieux NutriSciences announced an agreement to acquire the Bureau Veritas, a food testing business, for an enterprise value of EUR 360 million. The acquisition supported by the parent company, Institut Mérieux, reinforces Mérieux NutriSciences' which promotes healthier, safer, and more sustainable food systems worldwide.
Recent Developments
- In June 2024, FAO launched its global information system for the development and strengthening of the operational national surveillance systems, contributing to generating reliable and timely antimicrobial resistance (AMR) evidence in food and animals at the regional, national, and global levels.
- In August 2024, the Washington State Health Department launched the Foodborne Illness Notification System, which is an online system for tracking food poisoning cases.
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