The
report
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The
hybridization-based sub-segment in the systems segment on the basis of type is
projected to be the largest segment in the food diagnostics market during the
forecast period.
Hybridization-based
systems are further bifurcated into PCR systems, microarray systems,
sequencers, and gene amplifiers. The growth of this segment is attributed to
high analytical precision offered by hybridization-based systems. Growing
demand of automated PCRs is also projected to drive the growth of this segment.
PCR is projected to dominate the market followed by gene amplifiers.
62 - Figures
281 - Pages
The
safety segment on the basis of testing type is projected to be the largest and
fastest growing segment in the food diagnostics market during the forecast
period.
The
increasing number of food recalls and necessity to maintain trust and consumer
confidence in safety and availability of food is projected to drive the demand
of safety testing. Also, with the advent of the coronavirus, food safety is
given greater importance by all the affected countries to prevent contamination
of any food items.
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The
European region is projected to be the largest market for food diagnostics
during the forecast period.
The
European region is projected to be the largest market for food diagnostics
during the forecast period. The region is witnessing growth owing to factors
such as changing conditions under which food is processed, traded and
distributed, accelerating globalization of the food chain and international
trade of food and agricultural products. The region is also backed by the
presence of key players such as Biorex Food Diagnostics (UK) and Randox Food
Diagnostics (UK) in the food diagnostics market. The growing adulteration
across meat products in the UK has also pushed the growth of the European food
safety industry further driving the food diagnostics market. Germany is
projected to be the largest market in Europe for food diagnostics followed by
the UK.
Key
food diagnostics market players include 3M (US), Thermo Fisher Scientific Inc.
(US), PerkinElmer Inc. (US), Danaher Corporation (US), Shimadzu Corporation
(Japan), Agilent Technologies Inc. (US), bioMerieux SA (France), Bio-Rad
Laboratories, Inc. (US), Neogen Corporation (US), Foss (Denmark), Biorex Food
Diagnostics (UK), and Randox Food Diagnostics (Ireland). These players have
adopted various growth strategies such as collaboration and new product
launches to expand their presence in the global food diagnostics market
further. New product launches have been the most dominating strategy adopted by
major players. This strategy has helped them to increase their presence in
different regions.
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