Food Diagnostics Market at a CAGR of 7.5%, Incredible Possibilities, Growth, Detailed Analysis and Forecast 2029

PRESS RELEASE
Published April 18, 2023

Food diagnostics can be performed using a variety of methods, including traditional techniques such as microbiological culturing and biochemical assays, as well as modern technologies, such as polymerase chain reaction (PCR), mass spectrometry, and immunoassays.

Food diagnostics play a crucial role in ensuring the safety of the food supply and protecting public health. They are used by food producers, processors, and regulators to monitor food quality and ensure that food products meet regulatory standards. In addition, food diagnostics can be used to verify the authenticity of food products and detect fraudulent practices, such as food fraud and adulteration.

Market Analysis and Insights of Global Food Diagnostics Market

Data Bridge Market Research analyses that the global food diagnostics market will grow at a CAGR of 7.5% during the forecast period of 2022 to 2029.

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Recent Development

  • In December 2020, Shimadzu Corporation launched a Fully-Automatic PCR Testing System for Clinics, contributing to Japan’s COVID-19 Testing Capabilities

 Market Scope and Global Food Diagnostics Market

Some of the major players operating in the global food diagnostics market are Randox Food Diagnostics, Thermo Fisher Scientific Inc., Life Technologies, PerkinElmer Inc., Shimadzu Corporation, Invisible Sentinel, 3M, Intertek Group plc, Eurofins Scientific, SGS SA, ALS Limited, Omega Diagnostics Group PLC, Agilent Technologies, Inc., Ring Biotechnology Co Ltd., NEOGEN Corporation, FOSS India Pvt. Ltd., BIOMÉRIEUX SA among others

Global Food Diagnostics Market Scope

The global food diagnostics market is segmented into testing type, type of tests, site, and application. The growth amongst these segments will help you analyze major industry growth segments and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Testing Type

  • System
  • Test Kits
  • Consumables

On the basis of testing type, the global food diagnostics market is segmented into system, test kits, and consumables.

Type of Tests

  • Food Safety Testing
  • Food Authenticity Testing
  • Food Shelf Life Testing Market

On the basis of type of tests, the global food diagnostics market is segmented into, food safety testing, food authenticity testing, and food shelf life testing market.

Site

  • Inhouse
  • Outsourcing Facility

On the basis of site, the global food diagnostics market is segmented into inhouse, and outsourcing facility.

Application

  • Food
  • Cereals & Grains
  • Oilseeds & Pulses
  • Nuts
  • Beverages

On the basis of application, the global food diagnostics market is segmented into food, cereals & grains, oilseeds & pulses, nuts, and beverages.

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In recent years, the food diagnostics market has experienced significant growth and development, driven by increasing demand for safe and high-quality food products, as well as the growing importance of food safety and the need to monitor food quality and authenticity. Some of the recent developments in the market include:

  1. Growing Demand for Rapid Testing Methods: There is a growing demand for rapid testing methods, such as real-time PCR and lateral flow assays, which can provide fast and accurate results in a matter of minutes or hours. These methods are particularly useful for screening large numbers of samples in a short amount of time.
  2. Advancements in Mass Spectrometry: Mass spectrometry is becoming an increasingly important tool for food diagnostics, due to its high accuracy and ability to detect a wide range of contaminants and pollutants.
  3. Increasing Use of NGS Technology: Next-generation sequencing (NGS) technology is being used increasingly in food diagnostics, due to its ability to rapidly identify pathogens and other contaminants in food products.
  4. Growing Awareness of Food Fraud: Food fraud, which refers to the intentional tampering or manipulation of food products, is becoming a major concern in the food industry. Food diagnostics can help to detect and prevent food fraud by verifying the authenticity of food products.
  5. Expansion into Emerging Markets: Companies are expanding their operations into emerging markets, such as Asia and Africa, where demand for food diagnostics is expected to grow in the coming years.

These recent developments are expected to continue driving the growth of the food diagnostics market in the coming years. However, the market is also subject to challenges, such as the high cost of diagnostic equipment and the need for specialized technical expertise to perform certain tests.

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