Food Diagnostics Market Insights by Latest Trends, Top Key Players, Future Growth, Revenue Analysis Till 2023


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Jun 10, 2021, 10:46 EST


Shibuya-ku, Tokyo, Japan, Japan, Jun 10, 2021, 10:46 /Comserve / -- This detailed analysis includes market size and forecasts, covering regional analysis, trends, opportunities and COVID-19 analysis. The analysis also includes key players with business strategies and key indicators that influence market growth.

“Increase in the outbreaks of foodborne illnesses and stringent food safety regulations are projected to drive the overall growth of the food diagnostics market.” The global food diagnostics market size is projected to grow from USD 12.1 billion in 2018 to USD 17.1 billion by 2023, at a CAGR of 7.1% during the forecast period. The food diagnostics market is driven by factors such as an increase in the global outbreaks of foodborne illnesses, globalization in food trade, stringent food safety regulations, and the adoption of advanced technologies. However, the lack of coordination between market stakeholders, improper enforcement of regulatory laws, and supporting infrastructure in developing countries can hinder the growth of the market.

Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-106445

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

The food diagnostics market comprises major manufacturers such as 3M Company (US), Merck KGAA (Germany), Thermo Fisher Scientific Inc. (US), Biomerieux SA (France), Danaher Corporation (US), Bio-Rad Laboratories Inc. (US), Neogen Corporation (US), Biorex Food Diagnostics (UK), Randox Food Diagnostics (UK), FOSS (Denmark), Hygiena LLC (US), Agilent Technologies Inc. (US), Qiagen (Germany), GEN-IAL GmbH (Denmark), and Envirlogix Inc. (US). The study includes an in-depth competitive analysis of these key players in the food diagnostics market, with their company profiles, recent developments, and the key market strategies.

“The safety segment is estimated to dominate the food diagnostics market in 2018.”
The safety segment is estimated to account for the largest share in 2018, in terms of value. Safety testing of food samples includes testing for targets such as toxins, pathogens, heavy metals, pesticides, GMOs, and organic contaminants. The inclusion of several chemicals and toxins, with the growing incidents of food adulteration, acts as a major concern for the food sector, as this leads to food toxicity and public health concerns. As a result, safety testing of these food samples has gained importance over the years. The presence of such contamination in food products can lead to foodborne illnesses, which could also cause several health issues for consumers. Thus, significant emphasis has been laid on safety testing of food samples.

“Meat, poultry, and seafood segment is projected to account for the larger market share during the forecast period.”
This segment includes products from fish, crustaceans, mollusks, crabs, beef, chicken, mutton, and pork. Meat & meat products are tested for various contaminants such as pathogens, meat speciation, GMOs, allergens, and other residues by means of food diagnostics. Meat speciation testing, in its different forms, is a routine practice conducted to safeguard consumer interest and health, especially against malpractices such as adulterations. Often, feed given to livestock, especially soymeal, also contains genetically modified soybean. Certain processed meat and meat products such as ham and sausages are genetically modified during the production process. Many additives commonly found in sausages and hams are often produced using methods involving GM microorganisms. The food diagnostics technology widely used for meat identification is the detection of species-specific proteins or DNA analysis (using PCR-based technology).

“The Asia Pacific is projected to be the fastest-growing region in the food diagnostics market.”
The Asia Pacific is projected to be the fastest-growing market due to the higher adoption of new technologies with an increasing number of foodborne illnesses. The growth of the market in this region is driven by various rules & regulations implemented in different countries. Food security standards are increasingly becoming stringent to ensure safer supply of food to individuals in local and foreign countries. Governments have put various regulations in place for consumers, producers, and regulators.

In-depth interviews were conducted with chief executive officers (CEOs), marketing directors, food diagnostics manufacturers, and executives from various key organizations operating in the food testing industries.

  • By Company Type: Tier 1: 30%, Tier 2: 30%, and Tier 3: 40%
  • By Designation: C-level Executives: 20%, Directors: 30%, and Others: 50%
  • By Region: North America: 15%, Europe: 15%, Asia Pacific: 30%, South America: 20% and RoW: 20%

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

Research Coverage
The study covers the food diagnostics market across segments. It aims at estimating the market size and growth potential across different segments such as food tested, type, type of test, and region. The study also includes an in-depth competitive analysis of the key players in the market; along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall food diagnostics market and subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report will also help the stakeholders to understand the pulse of the market and will provide them with information on key market drivers, restraints, challenges, and opportunities.

TABLE OF CONTENTS

1 INTRODUCTION 22
1.1 OBJECTIVES OF THE STUDY 22
1.2 MARKET DEFINITION 23
1.3 STUDY SCOPE 23
1.3.1 MARKETS COVERED 23
1.4 PERIODIZATION CONSIDERED 24
1.5 CURRENCY CONSIDERED 25
1.6 STAKEHOLDERS 25
2 RESEARCH METHODOLOGY 27
2.1 RESEARCH DATA 27
2.1.1 SECONDARY DATA 28
2.1.1.1 Key data from secondary sources 28
2.1.2 PRIMARY DATA 29
2.1.2.1 Key data from primary sources 29
2.1.2.2 Breakdown of primaries 30
2.2 MARKET SIZE ESTIMATION 30
2.2.1 BOTTOM-UP APPROACH 31
2.2.2 TOP-DOWN APPROACH 32
2.3 DATA TRIANGULATION 33
2.4 ASSUMPTIONS 34
2.5 LIMITATIONS OF THE STUDY 35
3 EXECUTIVE SUMMARY 36
4 PREMIUM INSIGHTS 40
4.1 ATTRACTIVE OPPORTUNITIES IN THE FOOD DIAGNOSTICS MARKET 40
4.2 FOOD DIAGNOSTICS SYSTEMS MARKET: MAJOR COUNTRIES/REGIONS 41
4.3 EUROPE: FOOD DIAGNOSTICS SYSTEMS MARKET, BY TYPE AND COUNTRY 42
4.4 FOOD DIAGNOSTICS MARKET, BY FOOD TESTED AND REGION 43
4.5 FOOD DIAGNOSTICS MARKET, BY TYPE OF TEST, 2018 VS. 2023 43
5 MARKET OVERVIEW 44
5.1 INTRODUCTION 44
5.2 MARKET DYNAMICS 45
5.2.1 DRIVERS 45
5.2.1.1 Increase in global outbreaks of foodborne illnesses 45
5.2.1.2 Growing preference for onsite testing 46
5.2.1.3 Globalization of food trade 47
5.2.1.4 Increase in food processing necessitates safety testing with faster results 47
5.2.1.5 Increased innovation and acceptance of PCR, chromatography, and immunoassay-based technologies 47
5.2.2 RESTRAINTS 48
5.2.2.1 Variations in sample collection and preparation standardization 48
5.2.2.2 Lack of coordination between market stakeholders and improper enforcement of regulatory laws & supporting infrastructure in developing countries 48
5.2.3 OPPORTUNITIES 49

Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-106445

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.


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