According to the report published by Zion Market Research, global demand for Food Diagnostics Systems Market was valued at approximately USD 13 Billion in 2019, and is expected to generate revenue of around USD 19.5 Billion by end of 2026, growing at a CAGR of around 7 % between 2020 and 2026.
According to the report published by Zion Market Research, global demand for Food Diagnostics Systems Market was valued at approximately USD 13 Billion in 2019, and is expected to generate revenue of around USD 19.5 Billion by end of 2026, growing at a CAGR of around 7 % between 2020 and 2026.
Global Food Diagnostics Systems Market: Overview
The eruption of foodborne diseases could place a heavy burden on the healthcare sector. Food diagnostic systems are the result of raising understanding of food safety in developing markets. These systems are designed to detect food impurities and contaminants that arise during the production, refining and packaging processes. Food can be analysed using different techniques, such as immunomagnetic isolation, microscopic biochemical recognition and antibody-based research.
Global Food Diagnostics Systems Market: Growth Factors
Growth in the global industry is largely due to a rise in food quality and safety issues. The government's stringent policy on the prevention of foodborne diseases is likely to improve the business development of global food diagnostic systems. However, growing worries about food safety in the marketplace could also have a positive effect on the global food diagnostics industry. Global food exchange is also opening gateways to new growth markets around the world and is expected to fuel the global food diagnostics industry in the coming years. Moreover, emerging niche markets and their higher demand for food testing may encounter potential opportunities in the global markets.
Global Food Diagnostics Systems Market: Segmentation
The global food diagnostics systems market is classified based on the consumables, diagnostics systems, types of contaminants, and geography. The consumables segment is divided as disinfectants, test accessories, reagents, and others. Further, the diagnostics systems segment is categorized as spectrometry-based, hybridization-based, testing kits, chromatography-based, biosensors, and others. Hybridization-based food diagnostics systems segment is further sub-segmented as polymerase chain reaction (PCR), microarrays, gene amplifier, and sequencers. Moreover, the chromatography-based food diagnostic systems segment is further sub-segmented as high-pressure liquid chromatography (HPLC), liquid chromatography, and gas chromatography. These systems are used to detect and trace any contaminants present in the food products. While handling these food diagnostics systems also offer insight regarding the nutritional content available in the food products. The types of contaminants, which are used in the testing systems for food diagnostics are moulds, Yersinia, bacillus, listeria, pathogens, shigella, fusarium, klebisiella, and novivirus. The pathogens are a dominating segment in the global food diagnostics systems market. They comprise campylobacter, Escherichia coli, salmonella, and listeria. Furthermore, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa give the geographical segmentation.
Global Food Diagnostics Systems Market: Regional Analysis
North America is the leading market for food diagnostics systems owing to rising food contamination causing foodborne diseases. However, Asia Pacific is another region growing at a faster rate in the global food diagnostics systems market. Moreover, food diagnostics systems are expanding in this region rapidly.
Global Food Diagnostics Systems Market: Competitive Players
Some main participants of the food diagnostics systems market are Beckman Coulter Inc., Randox Laboratories Ltd., Biocontrol Systems Inc., E. I. Du Pont De Nemours and Company, Thermofisher Scientific Inc., Perkinelmer Inc., Thermo Electron Corporation, Fermantes, and 3M Company. Other key players include Omega Diagnostic Group Plc., VWR International, Bio-Rad Laboratories Inc., Merck Kgaa, Biomérieux SA, Danaher Corporation, Neogen Corporation, and Foss A/S among others.
Food Diagnostics Systems Market: Regional Segment Analysis
FrequentlyAsked Questions
The growth in the global market is mainly due to increase concerns about food quality and safety. The strict regulation set by the government on foodborne diseases prevention is anticipated to enhance the global food diagnostics systems market growth.
According to Zion Market Research, global demand for food diagnostics systems market is expected to generate revenue of around USD 19.5 Billion by end of 2026, growing at a CAGR of around 7 % between 2020 and 2026.
North America is the leading market for food diagnostics systems owing to rising food contamination causing foodborne diseases.
Some main participants of the food diagnostics systems market are Beckman Coulter Inc., Randox Laboratories Ltd., Biocontrol Systems Inc., E. I. Du Pont De Nemours and Company, Thermofisher Scientific Inc., Perkinelmer Inc., Thermo Electron Corporation, Fermantes, and 3M Company. Other key players include Omega Diagnostic Group Plc., VWR International, Bio-Rad Laboratories Inc., Merck Kgaa, Biomérieux SA, Danaher Corporation, Neogen Corporation, and Foss A/S among others.
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