As per Reports and Data's current analysis, the global Food Diagnostics for Systems Market had a value of USD 11.76 Billion in 2018 and is predicted to reach USD 20.75 Billion by 2026, registering a CAGR of 7.35%. The market growth can be attributed to the surge in contaminants cases, increasing mislabeling incidents, growing prevalence of foodborne illnesses, and rising consumer awareness about food safety, which have led to an upsurge in demand for diagnostic testing. During the forecast period, contaminants and chemicals that enter during the manufacturing process are expected to be the primary cause of food poisoning, thereby increasing the need for testing and diagnostics. Meat, poultry, and seafood are anticipated to dominate the safety testing market for food products. Moreover, there is a rising demand for pesticide residue and other contaminants testing, which will further drive the market's growth.
Diagnostics is a process that involves the verification of food safety and the reduction of contamination risks that can cause illnesses. Testing validates the product information mentioned on the labels. Safety testing methods such as microbial contamination and chemical analysis ensure safer production, processing, and delivery of the product to the consumers. This diagnostics technique assists companies in regulating allergenic components and pathogenic bacteria in food products.
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Top Companies Operating in the Global Food Diagnostics for Systems Market Report:
3M, Merk Kgaa, Thermo Fisher Scientific Inc., Danaher Corporation, Agilent Technologies Inc., Biomrieux S.
Driving Factors of Food Diagnostics for Systems Market
- Increasing incidence of foodborne illnesses: The rise in the incidence of foodborne illnesses such as Salmonella, Listeria, and E. coli has led to a greater demand for food diagnostics testing.
- Stringent food safety regulations: Governments and regulatory bodies across the world have implemented strict food safety regulations to ensure the safety and quality of food products. This has led to an increased demand for food diagnostics testing.
- Growing demand for convenience foods: The demand for convenience foods has been increasing due to busy lifestyles and a desire for quick and easy meal solutions. As a result, there is a need for reliable and efficient food testing to ensure the safety of these products.
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For the purpose of helping readers make profitable business decisions, the report is written with industry analysts, market segmentation, and data collection. In addition to providing detailed information on technical and product advances, this report also discusses market value, growth rates, and niche market segments in detail.
An analysis of the Food Diagnostics for Systems Market has been carried out by segmenting it into key regions and offering information on growth rates, market shares, current and emerging trends, production and consumption ratios, analysis of the industrial chain, demand and supply, imports and exports, revenue contributions, and the presence of key players in each region. To gain a better understanding of the regional spread of and progress of the Food Diagnostics for Systems Market, a country-by-country analysis of the market is provided in the report.
The global Food Diagnostics for Systems Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Type (Revenue, USD Million; 2018–2026)
- Systems
- Consumables
Diagnostics System (Revenue, USD Million; 2018–2026)
- Hybridization Based
- Chromatography Based
- Spectrometry Based
- Immunoassay Based
- Biosensors
- Testing Kits
- Others
Food Tested (Revenue, USD Million; 2018–2026)
- Meat, Poultry and Sea-food Products
- Processed Food
- Fruits and Vegetables
- Dairy Products
- Cereals and Grains
Test Type (Revenue, USD Million; 2018–2026)
- Safety
- Quality
Contaminants Type (Revenue, USD Million; 2018–2026)
- Pathogens
- Pesticides
- Genetically Modified Organisms (GMOs)
- Toxins
- Others
Technology Used (Revenue, USD Million; 2018–2026)
- Traditional
- Rapid
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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