PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1708375
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1708375
Global Food Diagnostics Market is estimated to be valued at USD 18.83 Bn in 2025 and is expected to reach USD 32.08 Bn by 2032, growing at a compound annual growth rate (CAGR) of 7.9% from 2025 to 2032.
Report Coverage | Report Details | ||
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Base Year: | 2024 | Market Size in 2025: | USD 18.83 Bn |
Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
Forecast Period 2025 to 2032 CAGR: | 7.90% | 2032 Value Projection: | USD 32.08 Bn |
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.
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.