Food Diagnostics Market

Food Diagnostics Market is projected to grow at a 7.2% CAGR during the forecast period and witnessed to reach USD 23,200 Million by 2027

Food diagnostics is a special branch within diagnostics where different type of diagnostic technologies is applied to food in order to ensure the safety of the food products. Various technological innovations within diagnostics are emerging to capture the ever-increasing demand for food safety around the world. Food diagnostics acts as an excellent tool for screening of antimicrobials and limits detections and simple sample preparations.

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The global food diagnostics market is predicted to witness strong demand during the forecast period. This is mainly due to the rising instances of foodborne outbreaks around the world, followed by the increasing number of food recalls. Additionally, the constant growth in the international food trade and growing consumer awareness related to food safety & quality are the certain other factors that are surging the growth of the market in the coming years. The various initiatives taken by numerous regulatory bodies will help in enhancing the food safety across various geographies. Moreover, the increasing concerns related to the quality and safety of food products driven by the accelerating number of food recalls have raised the focus on the microbiological quality and chemical analysis of food to ensure regulatory compliance for food safety. The continuous technological innovation and increasing usage of culture-independent diagnostic tests such as PCR assays and other antigen-based tests, are boosting the demand for food diagnostics in the coming years. Regulatory bodies such as the FDA, CDC, and USDA are using new technologies such as whole-genome sequencing for fast and efficient monitoring of sources of foodborne illnesses. On the other edge of the spectrum, the high cost related to the rapid technologies is a major challenge of the global food diagnostics market. The growing emphasis on R&D activities and the increasing necessity for accuracy and reliability of readings, are some other factors responsible for the increased cost of these diagnostics systems.

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Based on the type, the systems segment is projected to grow at a higher CAGR during the forecast period. The strong demand for easy-to-use, convenient, and rapid diagnostics systems, including PCR systems, PCR-based testing kits, immunoassay, and biosensors, is one of the biggest factor that is contributing to the growth of the segment. Furthermore, the accelerating demand for rapid technologies is another factor that is responsible for the growth of the segment in the market.

On the basis of site, the outsourcing facility segment is expected to dominate the market in the next six years owing to the rising number of new entrants in the food diagnostics market. Moreover, the increasing requirement for fully integrated, self-reliant, and specialized equipment for collecting and analyzzing the food samples, is further energizing the growth of the segment. The decreased overhead and operating cost, along with the easy availability of advanced testing technology, are attracting many end-users towards the market in the coming years.

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Based on the region, Europe region is predicted to lead the market during the forecast period. This is mainly due to the stringent regulations being implemented by the regulatory and authoritative bodies in the region. Furthermore, the recent foodborne outbreaks in Spain, followed by the growing containment of meat products in the UK, is having a positive impact on the growing demand of the market over the coming years.

Various notable players operating in the market, include 3M, Thermo Fisher Scientific Inc., PerkinElmer Inc., Shimadzu Corporation, Danaher, Agilent Technologies, Inc., bioMérieux, Inc., Bio-Rad Laboratories, Inc, NEOGEN Corporation, and FOSS India Pvt. Ltd., among others. 

Key Developments:

• • In 2020, Thermo Fisher Scientific Inc., acquired Qiagen (Germany), which is a provider of assay technologies for molecular diagnostics. Through this acquisition, the company aims to strengthen the specialty diagnostics portfolio that offers food safety testing kits.
  • In 2019, 3M introduced two new assays: 3M Molecular Detection Assay 2 – STEC Gene Screen (stx and eae) and 3M Molecular Detection Assay 2 – STEC Gene Screen (stx). This strengthened the company’s portfolio and helped to cater to various screening needs of laboratories.

The global Food Diagnostics Market has been segmented on the basis of type, site, food tested, testing type, and key regions. Based on type, the market is segmented into test kits, systems, and consumables. The systems segment is further categorized into chromatography-based, hybridization-based, immunoassay-based, spectrometry-based, biosensors, and other system technologies. The consumables segment is further categorized into test accessories, reagents, disinfectants, and other consumables. Based on site, the market is segmented into inhouse and outsourcing facility. Based on food tested, the market is segmented into processed food, meat, poultry, & sea food, dairy products, fruits & vegetables, nuts, seeds & spices, cereals, grains & pulses, and other food tested. Based on testing type, the market is segmented into safety and quality. 

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Key questions answered in this research report:

• • At what pace is global Food Diagnostics market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Food Diagnostics market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Food Diagnostics market?
  • Which type generated maximum revenues in 2019 and identify the most promising types during the forecast period?
  • What are the various site areas of global Food Diagnostics Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Food Diagnostics Market by Type

• • Test Kits
  • Systems
    • Chromatography-Based
    • Hybridization-Based
    • Immunoassay-Based
    • Spectrometry-Based
    • Biosensors
    • Other System Technologies
  • Consumables
    • Test Accessories
    • Reagents
    • Disinfectants
    • Other Consumables

Global Food Diagnostics Market by Site

• • Inhouse
  • Outsourcing Facility

Global Food Diagnostics Market by Food Tested

• • Processed Food
  • Meat Poultry, & Sea Food
  • Dairy Products
  • Fruits & Vegetables
  • Nuts, Seeds & Spices
  • Cereals, Grains & Pulses
  • Other Food Tested

Global Food Diagnostics Market by Testing Type

• • Safety
  • Quality

Global Food Diagnostics Market by Region

• • North America Food Diagnostics Market (Option 1: As a part of the free 25% customization)
    • North America Market by Type
    • North America Market by Site
    • North America Market by Food Tested
    • North America Market by Testing Type
    • US Market All-Up
    • Canada Market All-Up
  • Europe Food Diagnostics Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Type
    • Europe Market by Site
    • Europe Market by Food Tested
    • Europe Market by Testing Type
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Food Diagnostics Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Type
    • Asia-Pacific Market by Site
    • Asia-Pacific Market by Food Tested
    • Asia-Pacific Market by Testing Type
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Food Diagnostics Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Type
    • RoW Market by Site
    • RoW Market by Food Tested
    • RoW Market by Testing Type
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Food Diagnostics Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • 3M
  • Thermo Fisher Scientific Inc.
  • PerkinElmer Inc.
  • Shimadzu Corporation
  • Danaher
  • Agilent Technologies, Inc.
  • bioMérieux, Inc.
  • Bio-Rad Laboratories, Inc
  • NEOGEN Corporation
  • FOSS India Pvt. Ltd.