Global Immunoassay Based Food and Beverage Testing Kits Market – Industry Trends and Forecast to 2029

Immunoassay Based Food and Beverage Testing Kits Market Analysis and Size

Accurate and reliable food testing reduces the risk of product recalls. Companies are identifying the causes of reduced food allergen, which helps them improve their products and processes, ultimately contributing to their profitability, making the technique popular in the market.

Data Bridge Market Research analyses that the immunoassay based food and beverage testing kits market was valued at 1.03 billion in 2021 is expected to reach the value of USD 1.84 billion by 2029, at aw CAGR of 7.50% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Immunoassay Based Food and Beverage Testing Kits Market Scope and Segmentation

Market Definition

Food testing kits evaluate the consistency and quality of liquid and solid food samples, making food testing more efficient and effective. Food testing kits are used for various applications, including food chemistry analysis such as sugar, salt, and pH level, food allergen analysis, food microbiology analysis, and food toxin analysis. Food testing kits can detect and test for meat species, pathogens, GMOs, allergens, mycotoxin, and other contaminants.

Global Immunoassay Based Food and Beverage Testing Kits Market Dynamics

Drivers

• Growing need of testing due to expansion of food industry

Everything from baby foods to bakery & confectionery, dairy, beverage, convenience goods, and meat products can cause allergies, resulting in a rapid increment in immunoassay based food and beverage testing kits. Furthermore, due to poor animal feed quality, there is always the possibility of meat causing allergies in humans. Even though the food and beverage industry is seeing an increase in demand for animal feed additives capable of improving feed quality, the food testing remains important in alleviating allergies caused by meat.

• Technological advancements and convenience offered to the consumers

The growing digital comfort in the global market perfectly aligns with the personalization trend. While providing convenient shopping experience, technology has made product information much more accessible to consumers, increasing packaged food sales and strengthening the market for immunoassay based food and beverage testing kits.

Opportunities

The introduction of multi-containment analysing technology, combined with rising food safety spending, will create numerous opportunities for the growth of the immunoassay-based food & beverage testing kits market during the forecast period.

Restraints

The lack of food control infrastructure and resources and a lack of harmonization will act as market restraints for the growth of immunoassay-based food & beverage testing kits during the forecast period.

This immunoassay based food and beverage testing kits market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the immunoassay based food and beverage testing kits market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Immunoassay Based Food and Beverage Testing Kits Market

COVID-19 has caused havoc in the food processing industry. Food companies in this industry have been impacted by social distancing rules, labour shortages due to movement restrictions, and lockdown measures to contain the virus's spread. Furthermore, regional governments' actions have limited the number of people working in small areas, which has hampered growth of the food industry.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In December 2020 Eurofins Scientific will launch the SENSI Strip Allergen product line to detect food allergens in packaged food products. This new product launch aided the company's product portfolio expansion.
• In October 2020 NEOGEN Corporation will launch a new food extraction method to expand the capabilities of Reveal 3-D food allergen tests for direct testing of food products. The new Reveal 3-D product enables quick screening of food and ingredient samples. The buffer is available for egg, coconut, hazelnut, soy, peanut, and almond tests. This new product launch aided the company's efforts to broaden its food safety product portfolio.

 Global Immunoassay Based Food and Beverage Testing Kits Market Scope

The immunoassay based food and beverage testing kits market is segmented on the basis of sample and target tested. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Sample

• Meat
• Poultry and Seafood Products
• Dairy Products
• Packaged Food
• Fruits & Vegetables
• Cereals
• Grains & Pulses
• Nuts
• Seeds and Spices
• Others

Target tested

• Allergens
• Mycotoxins
• Pathogens
• GMOs
• Meat Species
• Others

Immunoassay Based Food and Beverage Testing Kits Market Regional Analysis/Insights

The immunoassay based food and beverage testing kits market is analysed and market size insights and trends are provided by country, sample and target tested as referenced above.

The countries covered in the immunoassay based food and beverage testing kits market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America dominates the immunoassay-based food and beverage testing kits market due to the increasing occurrences of allergic reactions as well as the prevalence of various food testing companies.

Asia-Pacific is expected to grow due to an improvement in people's standard of living as well as an increase in the number of export activities.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Immunoassay Based Food and Beverage Testing Kits Market Share Analysis

The competitive immunoassay based food and beverage testing kits market landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to immunoassay based food and beverage testing kits market.

Some of the major players operating in the immunoassay based food and beverage testing kits market are:

• SGS (Switzerland)
• Bureau Veritas (France)
• Eurofins (Luxembourg)
• Intertek (U.K.)
• Mérieux NutriSciences (U.S.)
• ALS Limited (Australia)
• Neogen (U.S.)
• AsureQuality (New Zealand)
• Charm Sciences (U.S.)
• Premier Analytical Services (U.K.)
• Dairyland Laboratories (U.S.)
• Bio-Check (U.K.)
• AES Laboratories (India)
• IEH Laboratories and Consulting Group (U.S.)
• Envirologix Inc. (U.S.)
• EMSL Analytical, Inc. (U.S.)
• Krishgen Biosystems (U.S.)

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