System Segment to Account for 55.18% Global Food Diagnostics Market Share

Food manufacturers, hospitality industry and the retailers are all concerned about food safety and quality. Productivity is affected by food quality and hygiene. Both intentional and inadvertent, Adulteration has become high-tech in recent years, and testing facilities can help discover these adulterants. Adulterants, pathogens, pesticide residues, chemical contaminants such as heavy metals, microbiological contaminants, non-permitted additives, colors, and antibiotics are all tested for in food by food diagnostics laboratories. Without food testing, food producers and manufacturers cannot assure that pesticides, antibiotics, heavy metals, and naturally occurring poisons, among other things, are not present. As a result, food safety is essential.

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Data Bridge Market Research analyses that the food diagnostics market is expected to grow at a CAGR of 7.5% in the forecast period of 2022 to 2029 and is expected to reach USD 36,120.58 million by 2029. The rising number of contamination incidents, growing occurrences of mislabeling, higher prevalence of food borne diseases, and expanding consumer awareness about food safety are all driving the demand for diagnostic testing. In addition, rising demand for pesticide residue and other pollutants testing will help the sector grow faster than expected.  

Food Diagnostics Market

Rising number of food recalls across the globe is expected to drive the market's growth rate during the forecast period.

The market is likely to grow as the number of food recalls rises. According to data from the Rapid Alert System for Food and Feed, the number of food recalls in Europe was expected grow by 13% by 2020. Due to an increase in the number of food recalls, increased emphasis on microbiological quality and chemical analysis of food to ensure regulatory compliance for food safety has led in rising concerns about the quality and safety of food products. As a result of legislation demanding extensive testing of food products, demand for food diagnostics has surged. These recalls highlight patterns and common food safety hazards in the food industry, prompting the installation of preventative measures and driving increasing demand for food diagnostics.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Testing Type (System, Test Kits, and Consumables), Type of Tests (Food Safety Testing, Food Authenticity Testing, and Food Shelf Life Testing Market), Site (Inhouse, and Outsourcing Facility), Application (Food, Cereals & Grains, Oilseeds & Pulses, Nuts, and Beverages)

Countries Covered

U.S., Canada, Mexico, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific, Germany, Spain, France, Italy, U.K., Belgium, Netherlands, Switzerland, Russia, Turkey, Rest of Europe, Saudi Arabia, South Africa, Kuwait, U.A.E., Rest of Middle East and Africa.

Market Players Covered

SGS SA (Switzerland), Thermo Fisher Scientific Inc. (U.S.), PerkinElmer Inc. (U.S.), Shimadzu Corporation (Japan), Agilent Technologies Inc. (U.S.), Randox Food Diagnostics (U.K.), NEOGEN Corporation (U.S.), ROKA BIO SCIENCE (U.S.), FOSS India Pvt. Ltd. (India), Invisible Sentinel (U.S.), Clear Labs, Inc. (U.S.), ALS Limited (Australia), Ring Biotechnology Co Ltd. (Beijing), Life Technologies (U.S.), bioMérieux SA (France), Noack Group (Austria), Intertek Group plc (U.K.), Omega Diagnostics Group PLC (U.K.), Eurofins Scientific (Luxembourg)

Data Pointers Covered in Report

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

Segment Analysis:

The food diagnostics market is segmented on the basis of testing type, type of tests, site, and application.

  • On the basis of testing type, the global food diagnostics market is segmented into system, test kits, and consumables. In 2022, the system segment is anticipated to dominate the global food diagnostics market with a market share of 55.18% increased awareness regarding food safety, quality, and its importance worldwide. 
  • 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. In 2022, the food safety testing segment is anticipated to dominate the global food diagnostics market with a market share of 59.00% due to the increased awareness regarding food safety and rising government regulations on food safety across the regions. 

In 2022, the food safety testing segment of type of tests segment is anticipated to dominate the food diagnostics market.

In 2022, this market's food safety testing segment will dominate the food diagnostics market due to the increased awareness regarding food safety and rising government regulations on food safety across the regions. The food safety testing segment is expected reach the highest CAGR of 7.3% in the forecast period of 2022-2029

  • On the basis of site, the global food diagnostics market is segmented into inhouse and outsourcing facility. In 2022, the inhouse segment is anticipated to dominate the global food diagnostics market with a market share of 68.71% owing to the increased availability of inhouse food safety test kits. 

In 2022, the inhouse segment is projected to hold the largest share of site segment in the food diagnostics market.

In 2022, the inhouse segment is anticipated to hold the largest share of global food diagnostics market owing to the increased availability of inhouse food safety test kits. The inhouse segment is growing with a CAGR of 5.4% in the forecast period of 2022 to 2029.

  • On the basis of application, the global food diagnostics market is segmented into food, cereals & grains, oilseeds & pulses, nuts, and beverages. In 2022, the food segment is anticipated to dominate the global food diagnostics market with a market share of 36.51% due to the rising food adulteration cases and the increased number of foodborne illnesses.

Major Players

Data Bridge Market Research recognizes the following companies as the major food diagnostics market players in food diagnostics market are SGS SA (Switzerland), Thermo Fisher Scientific Inc. (U.S.), PerkinElmer Inc. (U.S.), Shimadzu Corporation (Japan), Agilent Technologies Inc. (U.S.), Randox Food Diagnostics (U.K.), NEOGEN Corporation (U.S.).

Food Diagnostics Market

Market Development

In December 2020, Shimadzu Corporation had announced the launch of a Fully-Automatic PCR Testing System named AutoAmp Genetic Analyzer (“AutoAmp”) for Clinics, contributing to Japan's COVID-19 Testing Capabilities. PCR testing with the AutoAmp, a Class I medical device, requires just the placement of biological samples, dispensing tips, reagent bottles, and reaction vessels. With Shimadzu's Ampdirect 2019-nCoV Detection Kit of in-vitro diagnostic reagents, this instrument can also detect the novel coronavirus (SARS-CoV-2).

  • In March 2020, Thermo Fisher Scientific Inc. (US) announced the acquisition of Qiagen (Germany), a provider of assay technologies for molecular diagnostics. QIAGEN is a major life science and molecular diagnostic solutions provider with 5,100 employees in 35 facilities across 25 countries. The company made $1.53 billion in revenue in 2019. Its sample preparation technologies extract, isolate, and purify DNA, RNA, and proteins from a variety of biological materials. QIAGEN's equipment can also be used to automate these processes, while its bioinformatics platforms offer customers with meaningful, actionable information.
  • In January 2021, Neogen Corporation announced the acquisition of Ireland-based Megazyme, Ltd. Megazyme will continue to function as a separate company, overseen by Neogen's European headquarters in Scotland. Megazyme's acquisition by Neogen adds to their food diagnostics portfolio in a natural and complementary way, aligning with the aim of offering comprehensive leading solutions to global food producers.

Regional Analysis

Geographically, the countries covered in the food diagnostics market report are U.S., Canada, Mexico, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific, Germany, Spain, France, Italy, U.K., Belgium, Netherlands, Switzerland, Russia, Turkey, Rest of Europe, Saudi Arabia, South Africa, Kuwait, U.A.E., Rest of Middle East and Africa.

As per Data Bridge Market Research analysis:

North America is the dominant region in food diagnostics market during the forecast period 2022 - 2029

North America will continue to dominate the food diagnostics market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period due to the presence of flourishing food and beverages product demand mainly processed food because of changing lifestyle of people in this region. Additionally, the rising prevalence of foodborne diseases and the high adoption rate of advanced technologies for detecting food contamination in this region is estimated to people the market’s growth rate.

Europe is estimated to be the fastest growing region in food diagnostics market the forecast period 2022 - 2029

Europe is anticipated to grow at the highest rate during the forecast period of 2022-2029 due to the implementation of stringent regulations by various regulatory and authoritative bodies in the regions. U.K. dominates the European region due to increased contamination of meat products in this region.

COVID-19 Impact Analysis

The impact of the COVID-19 pandemic has led in lockdown in most countries to limit the virus's transmission, which had a significant impact on every industry. Due to the outbreak of COVID-19, the global rise of the food diagnostics market has produced a lot of uncertainty. The food and beverage industry's primary duty is to maintain food circulation along the supply chain. To control food safety risks and prevent food contamination, most food product firms implemented Food Safety Management Systems (FSMS) based on the Hazard Analysis and Critical Control Point (HACCP) principles, which will favorably impact the global food diagnostics market in the coming years.