Food Diagnostics Market, By Type, By Sample Type, By Geography

Description

The global food diagnostics market is estimated to be valued at USD 17.45 Bn in 2024 and is expected to reach USD 29.33 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 17.45 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	7.70%	2031 Value Projection:	US$ 29.33 Bn

Figure. Food Diagnostics Market Share (%), By Region 2024

The global food diagnostics market has been witnessing significant growth over the past few years. Rising demand for fast and accurate testing of food samples to ensure food safety and quality has driven major diagnostics companies to invest in developing innovative solutions. Furthermore, growing international food trade and stringent food safety regulations in various countries have boosted the need for advanced analytical tools and technologies in the food industry. Various diagnostic techniques such as chromatography, microbiology culture, PCR, and immunoassays are commonly utilized to detect pathogens, toxins, GMOs, meat speciation, residues and allergens in food samples. Looking ahead, increasing health consciousness among consumers and greater focus on testing of raw materials as well as finished food products are expected to support ongoing expansion of the food diagnostics market in the coming years.

Market Dynamics:

The global food diagnostics market is driven by factors such as growing incidence of foodborne disease outbreaks, rising food trade activities, and stringent food safety regulations mandated by regulatory bodies worldwide. Moreover, increasing utilization of diagnostics for testing of raw materials, processed foods, and end products by food processing companies shields them from potential losses arising from product recalls. However, high costs associated with instruments and assays hamper the market growth. On the flip side, emerging economies offer lucrative opportunities for major players on account of rising health expenditure and improving diagnostic infrastructure in developing countries. In addition, market players are consistently focusing on development of portable, affordable and rapid diagnostics technologies to accelerate the food testing process, thereby offering new revenue streams in the foreseeable future.

Key Features of the Study:

This report provides in-depth analysis of the global food diagnostics market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global food diagnostics market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Ring Biotechnology Co Ltd., Thermo Fisher Scientific Inc., Danaher, Merck KGaA, Neogen Corporation, Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., Shimadzu Corporation, BioMerieux, Bruker, QIAGEN, PerkinElmer Inc., FOSS, Hygiena LLC, R-Biopharm AG, Romer Labs Division Holding, EnviroLogix, Randox Food Diagnostics (Ireland), Promega Corporation, and PathogenDx Corporation
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global food diagnostics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global food diagnostics market

Detailed Segmentation:

By Type
- Pathogens Testing
- Allergens Testing
- Toxins/Contaminants Testing
- Residues Testing
- Others
By Sample Type
- Meat, Poultry, and Seafood
- Dairy Products
- Fruits and Vegetables
- Processed Foods
- Beverages
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players Insights
- Ring Biotechnology Co Ltd.
- Thermo Fisher Scientific Inc.
- Danaher
- Merck KGaA
- Neogen Corporation
- Agilent Technologies, Inc.
- Bio-Rad Laboratories, Inc.
- Shimadzu Corporation
- BioMerieux
- Bruker
- QIAGEN
- PerkinElmer Inc.
- FOSS
- Hygiena LLC
- R-Biopharm AG
- Romer Labs Division Holding
- EnviroLogix
- Randox Food Diagnostics (Ireland)
- Promega Corporation
- PathogenDx Corporation

Product Code: CMI7247

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Global Food Diagnostics Market, By Type
- Global Food Diagnostics Market, By Sample Type
- Global Food Diagnostics Market, By Region

3. Market Dynamics, Regulations, And Trends Analysis

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Global Food Diagnostics Market, By Type, 2024-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Pathogens Testing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Allergens Testing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Toxins/Contaminants Testing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Residues Testing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

5. Global Food Diagnostics Market, By Sample Type, 2024-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Meat, Poultry, and Seafood
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Dairy Products
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Fruits and Vegetables
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Processed Foods
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Beverages
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

6. Global Food Diagnostics Market, By Region, 2019 - 2031, Value (USD Bn)

Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2019 - 2031, Value (USD Bn)
- Regional Trends
  - North America
- Introduction
U.S.
Canada
Latin America
- Introduction
Brazil
Argentina
Mexico
Rest of Latin America
Europe
- Introduction
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
- Introduction
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East & Africa
- Introduction
GCC Countries
Israel
Rest of Middle East & Africa

7. Competitive Landscape

Ring Biotechnology Co Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Thermo Fisher Scientific Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Danaher
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Merck KGaA
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Neogen Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Agilent Technologies, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Bio-Rad Laboratories, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Shimadzu Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
BioMerieux
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Bruker
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
QIAGEN
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
PerkinElmer Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
FOSS
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Hygiena LLC
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
R-Biopharm AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Romer Labs Division Holding
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
EnviroLogix
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Randox Food Diagnostics (Ireland)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Promega Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
PathogenDx Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies

8. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

9. References and Research Methodology

References
Research Methodology
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