Food Diagnostics Market
PUBLISHED: 2024 ID: SMRC26222
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Food Diagnostics Market

Food Diagnostics Market Forecasts to 2030 - Global Analysis By Type (Systems, Consumables and Other Types), Testing Type (Safety and Quality), Diagnostics System, Site, Contaminant Type, Application and by Geography

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4.8 (58 reviews)
Published: 2024 ID: SMRC26222

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Food Diagnostics Market is accounted for $16.50 billion in 2023 and is expected to reach $31.55 billion by 2030 growing at a CAGR of 9.70% during the forecast period. In order to guarantee food products' safety and quality, food diagnostics is an important field that involves the detection and analysis of contaminants, pathogens, and other substances in food products. By utilizing sophisticated methods like DNA analysis, chromatography, and spectroscopy, researchers can detect possible dangers such as allergens, pesticides, bacteria, and toxins. Moreover, quick and precise food diagnostics are essential for avoiding food borne infections, upholding legal compliance, and protecting the general public's health.

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Market Dynamics: 

Driver: 

Growing number of food borne illnesses

The consumption of packaged and processed foods has increased in tandem with the growth in the world's population and urbanization. Unfortunately, as a result of pathogens like bacteria, viruses, and parasites contaminating food products, this trend has also increased the frequency of foodborne illnesses. Additionally, as a result, there is a greater need than ever for efficient food diagnostic solutions to recognize and reduce possible hazards before tainted goods are sold to customers.

Restraint:

High expenses of cutting-edge diagnostic tools

While improvements in technology have resulted in the creation of increasingly complex and precise food diagnostic techniques, these state-of-the-art tools are frequently expensive. Smaller food businesses and laboratories may find it prohibitive to make the initial investment necessary for acquiring and implementing advanced diagnostic equipment and systems. Furthermore, these technologies are not widely adopted, especially in emerging economies and small-scale food enterprises, due to additional financial burdens such as ongoing maintenance, calibration, and training costs.

Opportunity:

Rapid development in emerging markets and the food sector

The food industry is expanding rapidly worldwide due to various factors like urbanization, population growth, and shifting consumer preferences. Asia-Pacific, Latin America, and Africa are among the emerging markets that offer substantial potential for the food diagnostics industry to grow. Moreover, strong food safety and quality assurance solutions are required as these areas experience economic growth and urbanization due to the rising demand for packaged and processed foods.

Threat:

Barriers to market access and regulatory compliance

Food diagnostic companies face challenges in expanding their operations and entering new markets due to strict regulations and standards enforced by regulatory bodies. Food manufacturers and diagnostic service providers bear heavy financial and resource costs as a result of complying with various and changing regulatory frameworks, such as those pertaining to food safety, quality standards, and labeling requirements. Additionally, international trade and market access are further complicated by regional and national regulatory requirements that differ and are inconsistent.

Covid-19 Impact: 

The food diagnostics market has been impacted by the COVID-19 pandemic in a number of ways. On the one hand, there is a greater need for diagnostic tools to guarantee the quality and safety of food products due to the growing emphasis on food safety and hygiene. Regulatory bodies, food producers, and food processors have stepped up testing and observation programs to find possible contaminants and stop the virus from spreading through food. However, the pandemic has caused supply chain disruptions, which have impacted the availability and accessibility of food diagnostic goods and services by creating logistical problems, a labor shortage, and production delays.

The Immunoassay Based segment is expected to be the largest during the forecast period

The market for food diagnostics is expected to be dominated by the immunoassay-based diagnostics segment. Immunoassay-based techniques, which rely on the specific binding of antibodies to target analytes, are popular for routine testing in food safety laboratories and food production facilities. Furthermore, they offer advantages like high sensitivity, rapid results, and ease of use. Immunoassay-based kits and platforms are widely used for screening food products for various hazards, including microbial pathogens, toxins, pesticides, and allergens.

The Pathogens segment is expected to have the highest CAGR during the forecast period

The food diagnostics market's pathogen diagnostics segment is projected to grow at the highest CAGR. Detecting dangerous bacteria, viruses, and parasites that can lead to food borne illnesses is what pathogen diagnostics do, and it is essential to maintaining food safety. The need for quick and precise ways to find pathogens in food products has increased due to the rise in foodborne illness cases and growing worries about food safety. Moreover, pathogen detection has undergone a revolution thanks to advanced molecular diagnostic techniques like Next-Generation Sequencing (NGS), immunoassays, and polymerase chain reaction (PCR), which offers higher sensitivity, specificity, and speed than conventional culture-based methods.

Region with largest share:

The market for food diagnostics is dominated by North America. The region's dominance is ascribed to multiple factors, such as the existence of important market players and research institutions, strict regulations pertaining to food safety, and sophisticated healthcare infrastructure. The United States Department of Agriculture (USDA) and the Food and Drug Administration (FDA) enforce strict standards and regulations to guarantee the safety and quality of food products, which fuels the demand for advanced food diagnostic technologies. Additionally, the adoption of advanced diagnostic solutions in the region has also been fueled by rising foodborne illness incidence and heightened consumer awareness of food safety.

Region with highest CAGR:

The market for food diagnostics is growing at the highest CAGR in the Asia-Pacific region. Numerous factors are driving this growth, such as population expansion, fast urbanization, rising disposable incomes, and changing food safety laws. Robust food diagnostic solutions are becoming increasingly necessary to guarantee food safety and quality throughout the supply chain as consumers become more health-conscious and demand safer food products. Furthermore, the region's adoption of advanced diagnostic technologies is being propelled by the growth of the food processing industry, the globalization of food trade, and the increasing prevalence of foodborne illnesses. 

Key players in the market

Some of the key players in Food Diagnostics market include Biomerieux Sa, Thermo Fisher Scientific Inc., Merck KGaA, Danaher Corporation, 3M Company, Randox Food Diagnostics, Shimadzu Corporation, Bio-Rad Laboratories, Inc., Neogen Corporation, Ring Biotechnology Co Ltd., Agilent Technologies Inc., Nemis Technologies AG, Clear Labs, Inc., PerkinElmer Inc. and Biorex Food Diagnostics.

Key Developments:

In April 2024, Merck KGaA Darmstadt, Germany entered into a licensing agreement with Inspirna, Inc. for ompenaclid (RGX-202), a first-in-class oral inhibitor of the creatine transport channel SLC6A8, and SLC6A8-targeting follow-on compounds. Ompenaclid is currently being evaluated in a Phase II study for the second-line treatment of RAS-mutated (RASmut) advanced or metastatic colorectal cancer (mCRC).

In October 2023, To support emerging precision therapies and improve patient outcomes by increasing access to reliable genomic testing needed to match patients with targeted cancer treatments, Thermo Fisher Scientific today announced a companion diagnostic (CDx) partnership with Boehringer Ingelheim. Through this collaboration, the companies will work to develop CDx tests to help identify patients with non-small cell lung cancer (NSCLC) with specific genomic mutations.
 
In August 2023, Science and medical technology firm Danaher announced that it has entered into an agreement to acquire Abcam, a Cambridge, U.K.-based supplier of antibodies, reagents, biomarkers, and assays. Under the agreement, Danaher will acquire all outstanding Abcam shares for $24 per share in cash, with a total enterprise value of approximately $5.7 billion, including Abcam’s assumed debts and net of acquired cash.

Types Covered:
• Systems
• Consumables
• Other Types
 
Testing Types Covered:
• Safety
• Quality

Diagnostics Systems Covered:
• Hybridization Based
• Chromatography Based
• Spectrometry Based
• Immunoassay Based
• Biosensors
• Testing Kits
• Other Diagnostics Systems

Sites Covered:
• Outsourcing Facility
• Inhouse
 
Contaminant Types Covered:
• Pathogens
• Pesticides
• Genetically Modified Organisms (GMOs)
• Toxins
• Other Contaminant Types

Applications Covered:
• Meat, Poultry, and Seafood
• Dairy Products
• Processed Food
• Fruits & Vegetables
• Cereals, Grains, and Pulses
• Nuts, Seeds, and Spices
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary       
        
2 Preface       
 2.1 Abstract      
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology      
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions     
        
3 Market Trend Analysis       
 3.1 Introduction      
 3.2 Drivers      
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats      
 3.6 Application Analysis      
 3.7 Emerging Markets      
 3.8 Impact of Covid-19      
        
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry      
        
5 Global Food Diagnostics Market, By Type       
 5.1 Introduction      
 5.2 Systems      
 5.3 Consumables      
 5.4 Other Types      
        
6 Global Food Diagnostics Market, By Testing Type       
 6.1 Introduction      
 6.2 Safety      
 6.3 Quality      
        
7 Global Food Diagnostics Market, By Diagnostics System       
 7.1 Introduction      
 7.2 Hybridization Based      
 7.3 Chromatography Based      
 7.4 Spectrometry Based      
 7.5 Immunoassay Based      
 7.6 Biosensors      
 7.7 Testing Kits      
 7.8 Other Diagnostics Systems      
        
8 Global Food Diagnostics Market, By Site       
 8.1 Introduction      
 8.2 Outsourcing Facility      
 8.3 Inhouse      
        
9 Global Food Diagnostics Market, By Contaminant Type       
 9.1 Introduction      
 9.2 Pathogens      
 9.3 Pesticides      
 9.4 Genetically Modified Organisms (GMOs)      
 9.5 Toxins      
 9.6 Other Contaminant Types      
        
10 Global Food Diagnostics Market, By Application       
 10.1 Introduction      
 10.2 Meat, Poultry, and Seafood      
 10.3 Dairy Products      
 10.4 Processed Food      
 10.5 Fruits & Vegetables      
 10.6 Cereals, Grains, and Pulses      
 10.7 Nuts, Seeds, and Spices      
 10.8 Other Applications      
        
11 Global Food Diagnostics Market, By Geography       
 11.1 Introduction      
 11.2 North America      
  11.2.1 US     
  11.2.2 Canada     
  11.2.3 Mexico     
 11.3 Europe      
  11.3.1 Germany     
  11.3.2 UK     
  11.3.3 Italy     
  11.3.4 France     
  11.3.5 Spain     
  11.3.6 Rest of Europe     
 11.4 Asia Pacific      
  11.4.1 Japan     
  11.4.2 China     
  11.4.3 India     
  11.4.4 Australia     
  11.4.5 New Zealand     
  11.4.6 South Korea     
  11.4.7 Rest of Asia Pacific     
 11.5 South America      
  11.5.1 Argentina     
  11.5.2 Brazil     
  11.5.3 Chile     
  11.5.4 Rest of South America     
 11.6 Middle East & Africa      
  11.6.1 Saudi Arabia     
  11.6.2 UAE     
  11.6.3 Qatar     
  11.6.4 South Africa     
  11.6.5 Rest of Middle East & Africa     
        
12 Key Developments       
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures      
 12.2 Acquisitions & Mergers      
 12.3 New Product Launch      
 12.4 Expansions      
 12.5 Other Key Strategies      
        
13 Company Profiling       
 13.1 Biomerieux Sa      
 13.2 Thermo Fisher Scientific Inc.      
 13.3 Merck KGaA      
 13.4 Danaher Corporation      
 13.5 3M Company      
 13.6 Randox Food Diagnostics      
 13.7 Shimadzu Corporation      
 13.8 Bio-Rad Laboratories, Inc.      
 13.9 Neogen Corporation      
 13.10 Ring Biotechnology Co Ltd.      
 13.11 Agilent Technologies Inc.      
 13.12 Nemis Technologies AG      
 13.13 Clear Labs, Inc.      
 13.14 PerkinElmer Inc.      
 13.15 Biorex Food Diagnostics      
        
List of Tables        
1 Global Food Diagnostics Market Outlook, By Region (2021-2030) ($MN)       
2 Global Food Diagnostics Market Outlook, By Type (2021-2030) ($MN)       
3 Global Food Diagnostics Market Outlook, By Systems (2021-2030) ($MN)       
4 Global Food Diagnostics Market Outlook, By Consumables (2021-2030) ($MN)       
5 Global Food Diagnostics Market Outlook, By Other Types (2021-2030) ($MN)       
6 Global Food Diagnostics Market Outlook, By Testing Type (2021-2030) ($MN)       
7 Global Food Diagnostics Market Outlook, By Safety (2021-2030) ($MN)       
8 Global Food Diagnostics Market Outlook, By Quality (2021-2030) ($MN)       
9 Global Food Diagnostics Market Outlook, By Diagnostics System (2021-2030) ($MN)       
10 Global Food Diagnostics Market Outlook, By Hybridization Based (2021-2030) ($MN)       
11 Global Food Diagnostics Market Outlook, By Chromatography Based (2021-2030) ($MN)       
12 Global Food Diagnostics Market Outlook, By Spectrometry Based (2021-2030) ($MN)       
13 Global Food Diagnostics Market Outlook, By Immunoassay Based (2021-2030) ($MN)       
14 Global Food Diagnostics Market Outlook, By Biosensors (2021-2030) ($MN)       
15 Global Food Diagnostics Market Outlook, By Testing Kits (2021-2030) ($MN)       
16 Global Food Diagnostics Market Outlook, By Other Diagnostics Systems (2021-2030) ($MN)       
17 Global Food Diagnostics Market Outlook, By Site (2021-2030) ($MN)       
18 Global Food Diagnostics Market Outlook, By Outsourcing Facility (2021-2030) ($MN)       
19 Global Food Diagnostics Market Outlook, By Inhouse (2021-2030) ($MN)       
20 Global Food Diagnostics Market Outlook, By Contaminant Type (2021-2030) ($MN)       
21 Global Food Diagnostics Market Outlook, By Pathogens (2021-2030) ($MN)       
22 Global Food Diagnostics Market Outlook, By Pesticides (2021-2030) ($MN)       
23 Global Food Diagnostics Market Outlook, By Genetically Modified Organisms (GMOs) (2021-2030) ($MN)       
24 Global Food Diagnostics Market Outlook, By Toxins (2021-2030) ($MN)       
25 Global Food Diagnostics Market Outlook, By Other Contaminant Types (2021-2030) ($MN)       
26 Global Food Diagnostics Market Outlook, By Application (2021-2030) ($MN)       
27 Global Food Diagnostics Market Outlook, By Meat, Poultry, and Seafood (2021-2030) ($MN)       
28 Global Food Diagnostics Market Outlook, By Dairy Products (2021-2030) ($MN)       
29 Global Food Diagnostics Market Outlook, By Processed Food (2021-2030) ($MN)       
30 Global Food Diagnostics Market Outlook, By Fruits & Vegetables (2021-2030) ($MN)       
31 Global Food Diagnostics Market Outlook, By Cereals, Grains, and Pulses (2021-2030) ($MN)       
32 Global Food Diagnostics Market Outlook, By Nuts, Seeds, and Spices (2021-2030) ($MN)       
33 Global Food Diagnostics Market Outlook, By Other Applications (2021-2030) ($MN)       
        
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.        

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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