DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.
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.
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.
Topics Covered
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Periodization Considered
1.5 Currency Considered
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions
2.5 Limitations of the Study
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Food Diagnostics Market
4.2 Food Diagnostics Systems Market: Major Countries/Regions
4.3 Europe: Food Diagnostics Systems Market, By Type and Country
4.4 Food Diagnostics Market, By Food Tested and Region
4.5 Food Diagnostics Market, By Type of Test, 2018 vs. 2023
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increase in Global Outbreaks of Foodborne Illnesses
5.2.1.2 Growing Preference for Onsite Testing
5.2.1.3 Globalization of Food Trade
5.2.1.4 Increase in Food Processing Necessitates Safety Testing with Faster Results
5.2.1.5 Increased Innovation and Acceptance of PCR, Chromatography, and Immunoassay-Based Technologies
5.2.2 Restraints
5.2.2.1 Variations in Sample Collection and Preparation Standardization
5.2.2.2 Lack of Coordination Between Market Stakeholders and Improper Enforcement of Regulatory Laws & Supporting Infrastructure in Developing Countries
5.2.3 Opportunities
5.2.3.1 Increased Budget Allocations and Spending on Food Safety
5.2.3.2 Technological Advancements in the Testing Industry
5.2.4 Challenges
5.2.4.1 Complexity in the Quantification of Test Results
5.2.4.2 High Costs Associated with the Procurement of Rapid Food Testing Equipment
5.3 Supply Chain Analysis
6 Regulations for Food Safety & Disease Prevention
6.1 Introduction
6.2 International Body for Food Safety Standards and Regulations
6.3 Global Food Safety Initiative (GFSI)
6.4 North America
6.5 Europe
6.6 Asia Pacific
6.7 Rest of the World
7 Food Diagnostics Market, By Type
7.1 Introduction
7.2 Diagnostics Systems
7.3 Diagnostics Consumables
8 Food Diagnostics Market, By Type of Test
8.1 Introduction
8.2 Safety
8.3 Quality
9 Food Diagnostics Market, By Food Tested
9.1 Introduction
9.2 Meat, Poultry, and Seafood Products
9.3 Processed Food
9.4 Fruits & Vegetables
9.5 Dairy Products
9.6 Cereals & Grains
9.7 Others
10 Food Diagnostics Market, By Region
10.1 Introduction
10.2 Europe
10.3 North America
10.4 Asia Pacific
10.5 Rest of the World (RoW)
11 Competitive Landscape
11.1 Introduction
11.2 Competitive Leadership Mapping
11.3 Start-Up Microquadrant
11.4 Food Diagnostics Market Share Analysis, By Key Player, 2018
11.5 Competitive Scenario
12 Company Profiles
12.1 3M Company
12.2 Merk KGaA
12.3 thermo Fisher Scientific Inc.
12.4 Danaher Corporation
12.5 Agilent Technologies Inc.
12.6 bioMerieux SA
12.7 Bio-Rad Laboratories Inc.
12.8 Neogen Corporation
12.9 Biorex Food Diagnostics
12.10 Randox Food Diagnostics
12.11 Foss
12.12 Hygiena LLC
12.13 Qiagen
12.14 Envirologix Inc.
12.15 Gen-Ial GmbH
For more information about this report visit https://www.researchandmarkets.com/research/r4r9vs/global_food?w=4
