The global food diagnostics market is a critical player in ensuring food safety and quality across the food manufacturing, retail, and hospitality industries. With the increasing complexity of intentional and unintentional adulteration, testing laboratories have emerged as pivotal tools in detecting sophisticated adulterants. The market's significance lies in its role in identifying a range of contaminants such as pathogens, chemical residues, heavy metals, and additives that impact both consumer health and productivity.
According to Data Bridge Market Research, the Global Food Diagnostics Market will grow at a CAGR of 7.5% during the forecast period of 2022 to 2029.
“Foodborne illnesses worldwide facilitate market growth”
The global food diagnostics market is driven by the escalating cases of foodborne illnesses worldwide. The growing instances of food contamination and related health hazards underscore the urgent need for efficient and precise diagnostic solutions. The demand for rapid and accurate testing methods is heightened as consumers and regulatory bodies alike seek to ensure food safety and prevent outbreaks. This driver compels the market to innovate and offer advanced technologies that can swiftly identify pathogens, toxins, and contaminants in food, enhancing overall public health and instilling confidence in the food supply chain.
What restraints the growth of the global food diagnostics market?
“Rising cases of false labeling in food products”
The global food diagnostics market faces a significant challenge due to the rising cases of false labeling of food products. The proliferation of misleading claims about ingredients, nutritional information, and origin adversely impacts consumer trust and safety. This trend not only undermines the credibility of the food industry but also necessitates stricter regulatory measures and more advanced diagnostic solutions. The need to combat false labeling adds pressure on the market to develop innovative and accurate testing methodologies, which in turn impacts the market's growth potential and overall business dynamics.
Segmentation: Global Food Diagnostics Market
The global food diagnostics market is segmented into testing type, type of tests, site, and application.
- On the basis of testing type, the global food diagnostics market is segmented into system, test kits, and consumables.
- On the basis of type of tests, the global food diagnostics market is segmented into food safety testing, food authenticity testing, and food shelf life testing market.
- On the basis of site, the global food diagnostics market is segmented into in-house, and outsourcing facility.
- On the basis of application, the global food diagnostics market is segmented into food, cereals and grains, oilseeds and pulses, nuts, and beverages.
Regional Insights: North America is expected to dominate the Global Food Diagnostics Market
In the global food diagnostics market, North America is anticipated to maintain its leading position both in market share and revenue throughout the forecast period. This prominence is attributed to the region's robust demand for food and beverages, particularly processed foods, driven by evolving lifestyles and time limitations. The region's thriving market dominance reflects its strong appeal to consumers seeking convenient food options amid their busy lives.
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Recent Developments in Global Food Diagnostics Market
- In December 2020, Shimadzu Corporation bolstered Japan's COVID-19 testing capabilities by introducing a Fully-Automatic PCR Testing System tailored for clinics. This strategic launch aimed to enhance the country's diagnostic infrastructure, enabling efficient and reliable testing. The system's automation streamlined testing processes, aiding clinics in delivering timely and accurate results during the critical period of the pandemic.
The Prominent Key Players Operating in the Global Food Diagnostics Market Include:
- Randox Food Diagnostics (U.K.)
- Thermo Fisher Scientific Inc. (U.S.)
- Life Technologies (U.S.) PerkinElmer Inc. (U.S.)
- Shimadzu Corporation (Japan)
- Invisible Sentinel (U.S.)
- 3M (U.S.)
- Intertek Group plc (U.K.)
- Eurofins Scientific (Luxembourg)
- SGS SA (Switzerland)
- ALS Limited (Australia)
- Omega Diagnostics Group PLC (U.K.)
- Agilent Technologies, Inc. (U.S.)
- Ring Biotechnology Co Ltd. (China)
- NEOGEN Corporation (U.S.)
- FOSS India Pvt. Ltd. (India)
- BIOMÉRIEUX SA (France)
Above are the key players covered in the report, to know about more and exhaustive list of global food diagnostics market companies contact, https://www.databridgemarketresearch.com/ru/contact
Research Methodology: Global Food Diagnostics Market
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 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 analyst call in case of further inquiry.
