Food Diagnostics Market Size, Industry Trends Report | 2031
Food Diagnostics Market Size, Industry Trends Report | 2031
Segments - Food Diagnostics Market by Types (Consumables and Systems [Immunoassay-based, Chromatography-based, Spectrometry-based, and Hybridization-based]), Types of Tests (Quality and Safety), Applications (Fruits & Vegetables, Shellfish, Processed Foods, Grains, Dairy Products, and Meat & Poultry), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030
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| Report ID :HC-4222
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| 187 Pages
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Report Description
The food diagnostics market size was valued at USD 12.2 billion in 2021 and is projected to reach USD 17 billion by 2030, expanding at a CAGR of around 7% during the forecast period, 2022 – 2030. The growth of the market is attributed to increase in the frequency of foodborne outbreaks, food recalls, and rise of international food trade.
Diagnostics is the process of identifying the cause or nature of a phenomenon, such as abnormal animal or artificial device behavior. Food diagnostics is a term that refers to food testing. In order to avoid certain foodborne diseases, food diagnostics are performed. Food diagnostics can identify microbial contamination and other contaminants in vegetables and fruits. Food diagnostics help preserve consumers' health while also reducing healthcare expenditures.
Market Trends, Drivers, Restraints, and Opportunities
- Increased concerns about food quality and safety as a result of an increase in food recalls, is projected to drive the market.
- Rising cases of foodborne diseases is estimated to fuel the market during the forecast period.
- Factors such as growing cases of food adulteration is expected to boost the market in the coming years.
- Strict safety standards for food are anticipated to propel the market during the projected period.
- Increase in false labelling cases is expected to hinder the market growth during the forecast period.
- High cost of advanced technologies is estimated to hamper the market growth
- Technological advancements in testing are projected to create immense opportunities for the market players.
Scope of the Report
The report on the global food diagnostics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Food Diagnostics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2021 |
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Historic Data |
2019–2020 |
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Forecast Period |
2022 – 2030 |
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Segmentation |
Types (Consumables and Systems [Immunoassay-based, Chromatography-based, Spectrometry-based, and Hybridization-based]), Types of Tests (Quality and Safety), Applications (Fruits & Vegetables, Shellfish, Processed Foods, Grains, Dairy Products, and Meat & Poultry) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
3M; Thermo Fisher Scientific Inc.; PerkinElmer Inc.; Randox Food Diagnostics; Biorex Food Diagnostics; Foss; Neogen Corporation; Bio-Rad Laboratories, Inc.; bioMerieux SA; Agilent Technologies Inc.; Shimadzu Corporation; Danaher Corporation; Omega Diagnostics Group PLC; and Invisible Sentinel |
Market Segment Insights
The hybridization-based segment is projected to hold major market share
Based on types, the market is segregated into consumables and systems. The systems segment is further segregated into immunoassay-based, chromatography-based, spectrometry-based, and hybridization-based. The hybridization-based segment is projected to hold major market share. The great analytical precision provided by hybridization-based technology is estimated to drive the segment. Growing need for automated PCRs (Polymerase Chain Reaction) is expected to propel the segment.
The safety segment is projected to account for a key market share
On the basis of types of tests, the market is bifurcated into quality and safety. The safety segment is projected to account for a major market share during the forecast period. The rising incidence of food recalls, as well as the need to retain consumer confidence in availability and safety of food, is expected to increase the demand for safety testing. Additionally, since the arrival of the COVID-19, all impacted countries have prioritized food safety to prevent contamination of any food items.
The meat & poultry segment is expected to grow at a rapid pace during the forecast period
In terms of applications, the market is fragmented into fruits & vegetables, shellfish, processed foods, grains, dairy products, and meat & poultry. The meat & poultry segment is expected to grow at a rapid pace during the forecast period. The meat & poultry products are commonly contaminated during storage, packaging, and processing. Based on the HACCP food safety control system, the Food Safety and Inspection Service (FSIS) has developed standards to prevent contamination of poultry products in abattoirs and industrial plants.
Europe is anticipated to dominate the market during the forecast period
On the basis of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe is anticipated to dominate the market during the forecast period. Growth of the market in the region is attributed to growing globalization of food chain and global trade of agriculture and food products.
Segments
The global food diagnostics market has been segmented on the basis of
Types- Consumables
- Systems
- Immunoassay-based
- Chromatography-based
- Spectrometry-based
- Hybridization-based
- Quality
- Safety
- Fruits & Vegetables
- Shellfish
- Processed Foods
- Grains
- Dairy Products
- Meat & Poultry
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- 3M
- Thermo Fisher Scientific Inc.
- PerkinElmer Inc.
- Randox Food Diagnostics
- Biorex Food Diagnostics
- Foss
- Neogen Corporation
- Bio-Rad Laboratories, Inc.
- bioMerieux SA
- Agilent Technologies Inc.
- Shimadzu Corporation
- Danaher Corporation
- Omega Diagnostics Group PLC
- Invisible Sentinel
Competitive Landscape
Key players competing in the food diagnostics market include 3M; Thermo Fisher Scientific Inc.; PerkinElmer Inc.; Randox Food Diagnostics; Biorex Food Diagnostics; Foss; Neogen Corporation; Bio-Rad Laboratories, Inc.; bioMerieux SA; Agilent Technologies Inc.; Shimadzu Corporation; Danaher Corporation; Omega Diagnostics Group PLC; and Invisible Sentinel. Some of these players are using several market strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares, generate revenue, and raise their production line of the business in the coming years.
Frequently Asked Questions
3M; Thermo Fisher Scientific Inc.; PerkinElmer Inc.; and Randox Food Diagnostics are some of the top players in the food diagnostics market.
Increase in false labelling cases is expected to hinder the market growth during the forecast period.
The food diagnostics market size was valued at USD 12.2 billion in 2021.
The food diagnostics market is projected to reach USD 17 billion by 2030.
The food diagnostics market is projected to expand at a CAGR of around 7% during the forecast period, 2022 – 2030.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Food Diagnostics Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Food Diagnostics Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Food Diagnostics Market - Supply Chain
4.5. Global Food Diagnostics Market Forecast
4.5.1. Food Diagnostics Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Food Diagnostics Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Food Diagnostics Market Absolute $ Opportunity
5. Global Food Diagnostics Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Food Diagnostics Market Size and Volume Forecast by Types
5.3.1. Consumables
5.3.2. Systems
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Food Diagnostics Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Food Diagnostics Market Size and Volume Forecast by Applications
6.3.1. Fruits & Vegetables
6.3.2. Shellfish
6.3.3. Processed Foods
6.3.4. Grains
6.3.5. Dairy Products
6.3.6. Meat & Poultry
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Food Diagnostics Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Food Diagnostics Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Food Diagnostics Demand Share Forecast, 2019-2026
8. North America Food Diagnostics Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Food Diagnostics Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Food Diagnostics Market Size and Volume Forecast by Types
8.4.1. Consumables
8.4.2. Systems
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Food Diagnostics Market Size and Volume Forecast by Applications
8.7.1. Fruits & Vegetables
8.7.2. Shellfish
8.7.3. Processed Foods
8.7.4. Grains
8.7.5. Dairy Products
8.7.6. Meat & Poultry
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Food Diagnostics Demand Share Forecast, 2019-2026
9. Latin America Food Diagnostics Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Food Diagnostics Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Food Diagnostics Market Size and Volume Forecast by Types
9.4.1. Consumables
9.4.2. Systems
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Food Diagnostics Market Size and Volume Forecast by Applications
9.7.1. Fruits & Vegetables
9.7.2. Shellfish
9.7.3. Processed Foods
9.7.4. Grains
9.7.5. Dairy Products
9.7.6. Meat & Poultry
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Food Diagnostics Demand Share Forecast, 2019-2026
10. Europe Food Diagnostics Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Food Diagnostics Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Food Diagnostics Market Size and Volume Forecast by Types
10.4.1. Consumables
10.4.2. Systems
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Food Diagnostics Market Size and Volume Forecast by Applications
10.7.1. Fruits & Vegetables
10.7.2. Shellfish
10.7.3. Processed Foods
10.7.4. Grains
10.7.5. Dairy Products
10.7.6. Meat & Poultry
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Food Diagnostics Demand Share Forecast, 2019-2026
11. Asia Pacific Food Diagnostics Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Food Diagnostics Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Food Diagnostics Market Size and Volume Forecast by Types
11.4.1. Consumables
11.4.2. Systems
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Food Diagnostics Market Size and Volume Forecast by Applications
11.7.1. Fruits & Vegetables
11.7.2. Shellfish
11.7.3. Processed Foods
11.7.4. Grains
11.7.5. Dairy Products
11.7.6. Meat & Poultry
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Food Diagnostics Demand Share Forecast, 2019-2026
12. Middle East & Africa Food Diagnostics Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Food Diagnostics Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Food Diagnostics Market Size and Volume Forecast by Types
12.4.1. Consumables
12.4.2. Systems
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Food Diagnostics Market Size and Volume Forecast by Applications
12.7.1. Fruits & Vegetables
12.7.2. Shellfish
12.7.3. Processed Foods
12.7.4. Grains
12.7.5. Dairy Products
12.7.6. Meat & Poultry
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Food Diagnostics Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Food Diagnostics Market: Market Share Analysis
13.2. Food Diagnostics Distributors and Customers
13.3. Food Diagnostics Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. 3M
13.4.2. Thermo Fisher Scientific Inc.
13.4.3. PerkinElmer Inc.
13.4.4. Randox Food Diagnostics
13.4.5. Biorex Food Diagnostics
13.4.6. Foss
13.4.7. Neogen Corporation
13.4.8. Bio-Rad Laboratories, Inc.</
Methodology
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