| Status : Published | Published On : Jul, 2024 | Report Code : VRFB11026 | Industry : Semiconductor & Electronics | Available Format :
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Page : 96 |
Europe TIC Market For Food And Beverage Industry – Analysis and Forecast (2025-2030)
Industry Insights By Sourcing (Inhouse and Outsourced), By Service (Testing, Inspection and Certification), By Industry Vertical (Convenience Food Solutions, Dairy Solutions, Animal Feed and Pet Food Solutions, Honey Solutions, Fruits and Vegetable Solutions, Meat and Seafood Solutions and Others) and By Geography (Germany, France, Italy, Spain, United-Kingdom and Rest of Europe)
Industry Overview
The Europe Testing, Inspection, And Certification (TIC) Market for Food and Beverage industry was valued from USD 3.3 billion in 2023 to USD 6.8 Billion, with a projected compound annual growth rate (CAGR) of 10.5% throughout the forecast period from 2025 to 2030.
The Europe TIC market for food and beverage is boosting during the forecast period 2025-2030 due to globalization that has led to product standardization norms. Testing, inspection and certification (TIC) are the industry activities that assure manufactured products, multi-component systems and individual components suitable for the predetermined purpose. Business organizations in the Europe TIC market for food and beverage industry demonstrate that their products, processes and services meet the highest levels of safety, quality and responsibility, while keeping up with evolving trends and market demands. Regulators and consumers demand quality, greater safety and transparency from the food industry which is taken care by the European TIC services to enable trade, verify products’ safety and enhance brand reputation,
Market Segmentation
Insight by Sourcing Type
According to the sourcing type, the Europe TIC market for the food & beverage industry is classified into in-house and outsourced. The in-house segment dominates the market which held the largest share during the forecast period as installing in-house testing and inspection shall offer companies to have complete control over the entire process in terms of testing and measurement equipment skilled personnel and technology.
Insight by Service Type
The Europe TIC market for the food & beverage industry is segmented into testing, inspection, and certification based on service. The testing segment is anticipated to dominate the market due to its diverse product standards, growing industrialization, mandatory regulation for food products, increasing need for improved safety and a need to protect the brand.
Insight by Industry Vertical
On the basis of industry vertical, the Europe TIC market for the food & beverage industry is segregated into convenience food solutions, dairy solutions, animal feed & pet food solutions, honey solutions, fruits and vegetable solutions, meat & seafood solutions and others. Among these, the convenient and high-quality food is rising because of the pressure carried by manufacturers to provide speedy, safe and new products.
Europe TIC Market For Food And Beverage Industry Report Coverage
|
Report Metric |
Details |
|
Historical Period |
2018 - 2023 |
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Base Year Considered |
2024 |
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Forecast Period |
2025 - 2030 |
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Market Size in 2023 |
U.S.D. 3.3 Billion |
|
Revenue Forecast in 2030 |
U.S.D. 6.8 Billion |
|
Growth Rate |
10.5% |
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Segments Covered in the Report |
By Sourcing Type, By Service Type, By Industry Vertical |
|
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
|
Regions Covered in the Report |
Germany, France, Italy, Spain, United-Kingdom and Rest of Europe |
Industry Dynamics
Industry Trends
The Europe TIC food and beverage industry is characterized by various industry trends like mounting adoption of connected devices and cloud-based technology, increasing mergers and acquisitions by the industry players, growing investment in AR and VR and sustained consolidation of suppliers leading to globalization.
Growth Drivers
The Europe TIC Market for Food and Beverage industry is growing due to increasing implementation of government regulations and industry standards, strict certification prerequisites and substantial penalties for non-compliance. Information technology has affected the food and beverage market, regarding the health risks associated with eating animal products. Because of these factors demand for plant-based products is expected to increase, ultimately promoting the growth of the plant-based food certification market. Also, the globalization of trade and the emergence of digital technologies will further fuel the growth of the Europe TIC market within the food and beverage industry.
Challenges
The European stringent food industry and regulatory standards and complex supply chains are the constraints for the growth of Europe TIC Market for food and beverage industry. Another main limitation is regarding adulterated food and food ingredients and lack of food safety standards in market. Also, a lack of testing facilities and skilled personnel may hamper the growth of the Europe TIC market for food and beverage.
Opportunities
Europe TIC Market for food and beverage industry is a huge market that provides beneficial opportunities in technologies that are helping food industry players to achieve and maintain quality, safety and responsibility, specifically by enabling greater traceability and transparency.
Geographic Overview
- Germany
- France
- Italy
- Spain
- United-Kingdom
- Rest of Europe
Germany is projected to dominate the Europe TIC Market for Food & Beverage industry due to presence of key players like SGS SA, TÜV SÜD Limited, and Bureau Veritas SA in the region..
Competitive Insight
Key players are adopting technological changes to improve their product portfolio and generate new revenues, optimize the operational cost, and enhance service efficiencies via process upgrades.
Intertek is a leading provider of testing and analysis services to the food industry. Intertek helps in executing comprehensive food safety and quality strategies and complying with local, national, and international regulations.
Eurofins Scientific provides testing and analytical services across industries such as food, pharmaceuticals, environment, and consumer products in Europe. The company offers a comprehensive range of testing services to ensure compliance with regulations and industry standards.
UL has advanced food testing laboratories that use standard test methods to find the presence of pathogens accurately in food & beverages. Microbiological batch testing identifies aerobic plate counts, yeast, and mold. Thus, ULs’ food forensics service can check the presence and causes of alleged problems.
Some of the key players operating in the TIC market in food & beverage industry are Intertek Group plc, Bureau Veritas, UL LLC, SGS SA, Eurofins USA, TUV Rheinland, Lloyd Register Group Limited, DEKRA SE, Applus+, and DNV GL.
Recent Developments by Key Players
DEKRA has introduced an upgraded DEKRA Adaptive Suite, which is an integrated EHS safety management system. This technological platform has offered a holistic solution to deal with the critical areas of workplace safety and provide a proactive approach to risk reduction.
MGI Tech (a company of core tools and technology committed to lead life science) collaborated with Eurofins Genomics Europe Genotyping A/S Eurofins Genomics, for DNBSEQ-T20×2 ultra-high throughput sequencer, with the genomics data center ZTRON Appliance and a range of MGI's state-of-the-art laboratory automation products and systems.
The Europe Testing, Inspection, And Certification (TIC) Market for Food and Beverage industry report offers a comprehensive market segmentation analysis along with the estimation for the forecast period 2025–2030.
Segments Covered in the Report
- Sourcing Type
- Inhouse
- Outsorced
- Service Type
- Testing
- Inspection
- Certification
- Industry Vertical
- Convenience Food Solutions
- Dairy Solutions
- Animal Feed & Pet Food Solutions
- Honey Solutions
- Fruits and Vegetable Solutions
- Meat & Seafood Solutions
- Others
Region Covered in the Report
- Germany
- France
- Italy
- Spain
- United-Kingdom
- Rest of Europe
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Europe TIC Market For Food And Beverage Industry