According to the new market research report "Food Diagnostics Market by Type
(Systems and Consumables), Type of Test (Safety and Quality), Food Tested
(Meat, Poultry, & Seafood, Dairy products, Processed Foods, Cereals &
grains, and Fruits & Vegetables), and Region-Global Forecast to
2023", published by MarketsandMarkets™, the Food Diagnostics
Market 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 major factors driving
the food diagnostics market is the increase in global outbreaks of foodborne
illnesses. Further, stringent food safety regulations, availability of advanced
rapid technology, growing demand for convenience and packaged food products,
increasing outbreaks of chemical contamination in food processing industries,
and rising consumer awareness about food safety in practices is projected to
drive the market.
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The fruits & vegetables segment is projected to grow at the
highest CAGR in the global food diagnostics market during the forecast period.
The fruits & vegetables segment is projected to be the fastest-growing
segment due to the easy susceptibility to microbial and other contaminations,
along with the growing number of tests for fruit & vegetables (as they are
also largely used as ingredients). Furthermore, high susceptibility to
contamination of fruit and vegetables by different types of pathogens,
pesticides, and GMOs are also projected to drive the growth of the food
diagnostics market.
Browse
in-depth TOC on "Food Diagnostics Market"
81 – Tables
38 – Figures
201 – Pages
The safety segment,
by type of test, is projected to grow at the highest rate during the forecast
period.
The safety testing segment is projected to grow at the highest
CAGR during the forecast period. Food diagnosis of samples is conducted as a
pre-emptive measure to reduce the chances of contamination and improve the
nutritive quality of the produce before it is commercialized. Increasing global
trade of food produce and regulations imposed on the quality and safety of the
produce are driving the market for food diagnostics.
Moreover, the growing prevalence of foodborne illness, food
adulteration, and increase in food allergens have resulted in several
incidences of food recalls in the last five years. This has resulted in an
increase in the number of food safety tests being conducted, which has
subsequently stimulated the demand for food diagnostics systems and
consumables.
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Europe is
projected to account for the largest market share during the forecast period.
Europe is
estimated to account for the largest market share in 2018. The market in this
region is primarily driven by the growth in the German and UK markets. The
market in this region is driven by the European food policies that have been
extensively emphasized by the National Reference Laboratories (NRLs) and the
European Reference Laboratories (EURLs) to maintain food standards and protect
consumer health. The market is further driven by the presence of major food
diagnostics companies such as 3M Company
(US), Merck KGAA (Germany),
and Thermo Fisher Scientific Inc. (US) that are continuously investing and
collaborating for the development of better and faster testing technologies, to
aid conformity to various food safety regulations.
Major vendors in the food diagnostics market include 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).
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