Food Diagnostics Market
Food diagnostics is a special testing division that uses diagnostic technology to ensure food safety. The main function is to check whether the food is safe or not and are free chemicals and contain right level of ingredients. Safety and quality tested are two of the common food diagnostics test. PCR and microarrays are one of the most powerful tools used for food analysis due to their high analytical precision and reliable performance in food diagnosis. They have the ability to detect mutations in food products which are responsible for chronic infections. These food diagnostics are widely done in food products such as processed food and vegetable, dairy products, cereals & grains, meat, poultry among others.
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Some of the factors responsible for the growth of Food Diagnostics Market are:
- Increasing development in the technologies in the food industry: With technological advancement and development, food industry is also improving. These technologies are helping the food & beverage industries to improve their quality of the products which they are offering. They are helping the manufacturers so they can develop the food easily and decreasing the cost as well. The growing demand for healthy food has brought much work into the production of food processing and preservation technologies to satisfy these growing demands
- Increase in the globalization in the food industry: Food and beverage industries are already trying different techniques so they can increase their product reach in the worldwide market. Large companies are spending their own money on reaching overseas markets, enabling them to retain control over the quality and presentation of their goods. Globalization is very beneficial for both customer and suppliers. Suppliers have the chance to introduce their goods to new markets, and consumers have the opportunity to try out new products. The distributors also profit by shifting the material chain from the manufacturer to the consumer if manufacturers in one country are collaborating with distributors in the other country
The global food diagnostics market is segmented into type as diagnostics systems, diagnostics consumables; type of test as safety, & quality and food tested as meat, poultry and seafood products, processed food, fruits & vegetables, dairy products, cereals and grains.
Some of the launches and acquisition in the Food Diagnostics Market are:
- In September 2017, Randox Food Diagnostics announced their advancement in antibiotic and pesticide. This advancement will help the company able to detect the 15 sulphonamindes and Trimethoprim from a single sample with the help of the company’s multi-analyte screening transformational platform on its patented Biochip Array Technology. The main aim of the launch is to simplify the testing process, so that they can reach highest level of safety
- In January 2015, Biorex Diagnostics announced the launch of their food safety sister company, Biorex Food Diagnostics. Biorex Food Diagnostics offers a variety of enzymatic immunoassay test kits (ELISAs) for rapid identification of microbial and industrial pollutants, hormones, antibiotics, natural toxins, and other residues of veterinary drugs in food and feed. ELISA kit is highly sensitive to easy testing and sample preparations in combination with quick test times.Such kits will provide food producers with the ability to improve the quality of their products and speed up the ability of food companies to export their goods internationally to other countries
“According to Data Bridge Market Research, Global Food Diagnostics Market is set to witness a substantial CAGR of 7.27% in the forecast period of 2019- 2026”
Few of the major competitors currently working in the food diagnostics market are 3M, Merck KGaA, Thermo Fisher Scientific Inc., Danaher, Agilent Technologies, Inc., bioMerieux SA, Bio- Rad Laboratories, Inc., NEOGEN CORPORATION, Avada, Randox Food Diagnostic, Hygiena, LLC., QIAGEN, EnviroLogix, among others.
Rising cases of foodborne illness and growing budget allocation along with the expenditure on food safety are the factors for the market growth. Increased innovation and acceptance of PCR, Chromatography and Immunoassay-Based Technologies will also affect the market growth. All these some of the factors which plays vital role in augmenting the growth of the market in the forecast period.
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