The global food diagnostics systems market is anticipated to grow at a CAGR of 2.2% during the forecast period (2022-2028). Food safety and quality are major concerns for the food manufacturing industry, as well as the retail and hospitality industries. Productivity is affected by food quality and hygiene. Adulteration, both intentional and unintentional, has become high-tech in recent years, and testing laboratories can assist in detecting these adulterants. The primary function of food diagnostics laboratories is to test foods for adulterants, pathogens, pesticide residues, chemical contaminants such as heavy metals, microbial contaminants, prohibited additives, colors, and antibiotics. Without food testing, food producers and food manufacturers cannot ensure that pesticides, antibiotics, heavy metals, naturally occurring toxins, and other contaminants are not present. As a result, it is critical to ensure food safety. The demand for food testing is increasing, so manufacturers are becoming more focused on it, and they are involved in new product launches, promotion, awards, certification, and market event participation. These decisions are helping in the market grow.
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Factors such as rising food adulteration cases, financial scarcity, food control issues, a lack of information about foodborne diseases and their adverse effects, and a lack of hygiene are expected to drive the global food diagnosticssysytems market growth. Food safety regulations that are stringent are expected to drive the growth of the global food diagnostics systems market due to the regulator must ensure that the food available on the market is safe for consumption. According to World Health Organization (WHO), approximately 600 million people, or nearly one in every ten people across the globe, become ill after eating contaminated food, and 420 ,000 die each year, resulting in a loss of 33 million healthy life years (DALYs), with children under the age of five carrying the greatest risk.
During the forecast period, the European region is expected to hold prominent share market for due changing food processing, trading, and distribution conditions, accelerating globalisation of the food chain, and international trade in food and agricultural products. The presence of key players in the food diagnostics market, such as Biorex Food Diagnostics (UK) and Randox Food Diagnostics (UK), also supports the region growth. The growing adulteration of meat products in the UK has also pushed the growth of the European food safety industry, driving the food diagnostics systems market even further. Germany is expected to be Europe’s largest market for food diagnostics, followed by the UK.
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Competitive Landscape-
3M, Biomerieux, Bioconrtol Systems, Danaher, DuPont, Foss, Merck Kgaa, Neogen, and Perkinelmer, among others.
By Type
- Hybridization
- Chromatography
- Spectrometry
- Biosensor
- Immunoassay
- Others
By Application
- Pledges Inspect Bureau
- Research Institutions
- Hospital, Other
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Scope of the Report
The research study analyzes the Global Food Diagnostics Systems industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Global Food Diagnostics Systems Market Report
1. What was the Global Food Diagnostics Systems Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Global Food Diagnostics Systems Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Global Food Diagnostics Systems Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Global Food Diagnostics Systems market.
- The market share of the Global Food Diagnostics Systems market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Global Food Diagnostics Systems market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Food Diagnostics Systems market.
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