Asia-Pacific Food Diagnostics Market – Industry Trends and Forecast to 2029

Asia-Pacific Food Diagnostics Market Analysis and Insights

Food safety & quality is a major concern for food manufacturing and the retail and hospitality industry. Food quality and hygiene have an impact on productivity. In recent years both intentional and unintentional adulteration has become high-tech, and testing laboratories can help to detect these adulterants. The most important function of the food diagnostics laboratories is to test foods for adulterants, pathogens, pesticide residues, chemical contaminants such as heavy metals, microbial contaminants, non-permitted additives, colors, and antibiotics in food. Without food testing, the food producers and the food manufacturers of the food products cannot ensure that pesticides, antibiotics, heavy metals, naturally occurring toxins, among others. Thus, it is important to ensure food safety.

The demand for food testing is increasing, for which manufacturers are now more focused, and they are involved in the new product launch, promotion, awards, certification, and event participation in the market. These decisions are ultimately enhancing the growth of the market.

Data Bridge Market Research analyses that the Asia-Pacific food diagnostics market will grow at a CAGR of 7.6% during the forecast period of 2022 to 2029.

Asia-Pacific Food Diagnostics Market Dynamics

Drivers

• Increasing Cases of Foodborne Illnesses

The developing countries include many small concerns, such as unawareness regarding food safety issues or their responsibilities. They may lack knowledge of modern technologies such as good manufacturing practices, hygiene, Hazard Analysis and Critical Control Point (HACCP) systems, and quality control, leading to increasing foodborne diseases, which is driving the region's growth.

• Stringent Safety Regulations for Food

The stringent safety regulations for food are expected to drive the growth of the Asia-Pacific food diagnostics market because the regulator has to ensure that the available food in the market is safe for consumption.

Opportunities

• Growing Demand for Clean Label Food

Consumers are becoming more inclined towards clean labeled food free from preservatives or additives to continue a particular lifestyle. Also, the awareness of promoting a sustainable environment by using clean label products boosts the market's growth.

Restraints/Challenges

• Increasing Number of False Labeling

Food manufacturers use images, statements, and other food labels to convey information about a food product and its nutritional characteristics. False labeling is when a company sells or distributes any product that falsely characterizes or mislabels the product's content, character, origin, or utility.

The increase in adulteration of food and ingredients has led to a rise in food fraud cases and false labeling. Which is acting as a restrain for the growth of the market.

Post COVID-19 Impact on Asia-Pacific Food Diagnostics Market

The impact of the COVID-19 pandemic had resulted in lockdown in most countries to restrict the spread of the virus, which has highly affected each and every type of industry. The Asia-Pacific food diagnostics market growth has created extreme uncertainty due to the outbreak of COVID-19. Maintaining the food movement along the food chain is an essential function for the food and beverages industry. Most food product companies started Food Safety Management Systems (FSMS) based on the Hazard Analysis and Critical Control Point (HACCP) principles to manage food safety risks and prevent food contamination, which positively impacts the growth of the Asia-Pacific food diagnostics market in years to come.

Recent Development

• In December 2020, Shimadzu Corporation launched a Fully-Automatic PCR Testing System for Clinics, contributing to Japan's COVID-19 Testing Capabilities

Asia-Pacific Food Diagnostics Market Scope

Asia-Pacific food diagnostics market is segmented into testing type, type of tests, site, and application. The growth amongst these segments will help you analyze major industry growth segments and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Testing Type

• System
• Test Kits
• Consumables

On the basis of testing type, the Asia-Pacific food diagnostics market is segmented into system, test kits, and consumables.

Type of Tests

• Food Safety Testing
• Food Authenticity Testing
• Food Shelf Life Testing Market

On the basis of type of tests, the Asia-Pacific food diagnostics market is segmented into food safety testing, food authenticity testing, and food shelf life testing market.

Site

• Inhouse
• Outsourcing Facility

On the basis of site, the Asia-Pacific food diagnostics market is segmented into inhouse and outsourcing facility.

Application

• Food
• Cereals & Grains
• Oilseeds & Pulses
• Nuts
• Beverages

On the basis of application, the Asia-Pacific food diagnostics market is segmented into food, cereals & grains, oilseeds & pulses, nuts, and beverages.

Asia-Pacific Food Diagnostics Market Regional Analysis/Insights

Asia-Pacific food diagnostics market is analyzed, and market size insights and trends are provided based on country, testing type, type of tests, site, and application as referenced above.

Some of the countries covered in the Asia-Pacific market report are China, Japan, Australia, India, South Korea, Malaysia, Singapore, Indonesia, Thailand, Philippines, and Rest of the Asia-Pacific.

China is expected to dominate the Asia-Pacific food diagnostics market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to flourishing food and beverages product demand, especially processed food, because of changing lifestyles and time constraints.

The country section of the report also provides individual market impacting factors and changes in regulations in the market that impact the current and future trends of the market. Data points, such as new and replacement sales, country demographics, disease epidemiology, and import-export tariffs, are some of the major pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of Asia-Pacific brands and their challenges faced due to high competition from local and domestic brands and the impact of sales channels are considered while providing forecast analysis of the country data.

Competitive Landscape and Asia-Pacific Food Diagnostics Market Share Analysis

Asia-Pacific food diagnostics market competitive landscape provides details by the competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, and application dominance. The above data points are only related to the companies' focus on the Asia-Pacific food diagnostics market.

Some of the major players operating in the Asia-Pacific food diagnostics market are Randox Food Diagnostics, Thermo Fisher Scientific Inc., Life Technologies, PerkinElmer Inc., Shimadzu Corporation, Invisible Sentinel, 3M, Intertek Group plc, Eurofins Scientific, SGS SA, ALS Limited, Omega Diagnostics Group PLC, Agilent Technologies, Inc., Ring Biotechnology Co Ltd., NEOGEN Corporation, FOSS India Pvt. Ltd., BIOMÉRIEUX SA among others.

Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global Vs Regional and Vendor Share Analysis. Please request an analyst call in case of further inquiry.

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