Global Food Diagnostics Market – Industry Trends and Forecast to 2029

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Global Food Diagnostics Market Analysis and Insights

Food safety and quality are major concerns 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.

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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 global food diagnostics market will grow at a CAGR of 7.5% during the forecast period of 2022 to 2029.

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Global Food Diagnostics Market Dynamics

Drivers

• Increasing Cases of Foodborne Illnesses

The factors such as increasing food adulteration cases, financial scarcity, food control issues, lack of information about foodborne diseases and their adverse effects, lack of hygiene are increasing the number of foodborne diseases are expected to drive the global food diagnostics market growth.

• Stringent Safety Regulations for Food

The stringent safety regulations for food are expected to drive the growth of the global food diagnostics market because the regulator has to ensure that the available food in the market is safe for consumption. According to WHO, approximately 600 million, almost one in 10 people in the world, fall ill after eating contaminated food, and 420 000 die every year, resulting in the loss of 33 million healthy life years (DALYs) and the children under the age of 5 years carry 40% of the foodborne disease burden with 125,000 deaths every year.

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Opportunities

• Increasing Government Initiatives to Ensure Food Safety and Quality

Many governments are taking initiatives for food safety, quality, and fair trades that may drive the growth of the global food diagnostics market. The increase in the prevalence of foodborne diseases among consumers increases concerns for food safety and quality, creating immense opportunities for food diagnostics manufacturers so that consumers can trust in the safety and quality of the products they purchase when food manufacturers meet the standards.  

Restraints/Challenges

• Increasing False Labeling Cases

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 Global Food Diagnostics Market

The impact of the COVID-19 pandemic had resulted in lockdown in most of the countries to restrict the spread of the virus, which has highly affected each and every type of industry. The Food Diagnostics market growth across the world, 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 global 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

Global Food Diagnostics Market Scope

The global 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 global 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 global 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 global food diagnostics market is segmented into inhouse, and outsourcing facility.

Application

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

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

Global Food Diagnostics Market Regional Analysis/Insights

The global 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 global food diagnostics market are China, Japan, Australia, India, South Korea, Malaysia, Singapore, Indonesia, Thailand, Philippines, and Rest of the Asia-Pacific, U.K., France, Germany, Italy, Spain, Russia, Netherlands, Belgium, Turkey, Switzerland and the Rest of Europe, South Africa, Saudi Arabia, U.A.E., Kuwait, and the Rest of the Middle East and Africa, U.S., Canada and Mexico, Brazil, Argentina and Rest of South America.

North America in the is expected to dominate the global 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 the presence of flourishing food and beverages product demand, especially processed food, because of changing lifestyles and time constraints.

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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 global 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 Global Food Diagnostics Market Share Analysis

The global 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, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus on the global food diagnostics market.

Some of the major players operating in the global 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 analyst call in case of further inquiry.

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