Food Testing Analytical Instrumentation Market by Offering, Technology, Application

Description

List of Tables

[184 Pages Report] The Food Testing Analytical Instrumentation Market size was estimated at USD 15.17 billion in 2023 and expected to reach USD 15.91 billion in 2024, at a CAGR 5.20% to reach USD 21.63 billion by 2030.

Food testing analytical instrumentation refers to a suite of advanced tools and technologies utilized in the examination of food products to ensure safety, quality, and compliance with regulatory standards. These instruments play a critical role in analyzing various parameters, including the presence of allergens, microbial contamination, and detection of chemical residues. Stringent food safety regulations globally drive the need for advanced testing solutions. In addition, Governments and international bodies are mandating more rigorous testing regimes to safeguard public health, pushing food producers and processors toward adopting state-of-the-art analytical instrumentation for testing contaminants. However, the high cost associated with advanced analytical instruments can be a barrier to small-scale manufacturers and laboratories. Furthermore, technological advancements in areas such as high-throughput screening, artificial intelligence, and machine learning for data analysis, and the integration of IoT in laboratory equipment, enable more efficient, accurate, and faster analysis.

KEY MARKET STATISTICS
Base Year [2023]	USD 15.17 billion
Estimated Year [2024]	USD 15.91 billion
Forecast Year [2030]	USD 21.63 billion
CAGR (%)	5.20%

Regional Insights

In the American region, the regulatory authorities continue to enforce stringent food safety standards, leading to a significant demand for advanced analytical instrumentation. Consumer awareness regarding food quality and safety has driven market growth, with a notable interest in technologies capable of detecting allergens and contaminants at trace levels. Investments have focused on high-throughput sequencing and spectrometry devices. The European Union (EU) stands out for its comprehensive regulatory framework, which has driven the adoption of advanced analytical techniques, including molecular diagnostics and traceability solutions. Similarly, Gulf Cooperation Council (GCC) countries in the Middle East are investing in food safety measures, albeit with a growing consumer inclination towards halal-certified products, influencing testing protocols and instrumentation requirements. In the APAC region, China, India, & Japan are the prominent countries and have seen an overhaul in food safety regulations, driving demand for advanced analytical instruments. Government initiatives aimed at improving food quality and reducing foodborne illnesses have led to substantial investment in research and development, notably in rapid testing and mobile analysis technologies.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Food Testing Analytical Instrumentation Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Growing incidents of foodborne illnesses across the globe
- Government focus on stringent food safety regulations
- Increasing use of analytical instrumentation for quantitative and qualitative information

Market Restraints
- High cost associated with advanced analytical instruments

Market Opportunities
- Extensive R&D activities to enhance features and functionalities of analytical instruments
- Availability of stricter quality standards for accurate testing methods across food & beverage industry

Market Challenges
- Lack of skilled professionals to operate instruments and interpret the complex data

Market Segmentation Analysis
- Offering: Ongoing advancements in the instruments for high-throughput food testing, enhanced sensitivity and faster results
- Application: Increasing significance of nutritional analysis for packaged foods and dietary supplements sectors

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Food Testing Analytical Instrumentation Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Food Testing Analytical Instrumentation Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Plusgrade Acquires UpStay to Expand its Portfolio of Upgrade and Ancillary Revenue Solutions for the Hospitality Industry

Plusgrade acquired UpStay, to escalate product development, further enabling the enhancement of ancillary revenues through innovative upselling strategies. UpStay's integration enriches Plusgrade's offerings, leveraging its extensive footprint in the airline, hospitality, cruise, rail, and financial services sectors. [Published On: 2023-01-31]

FLYR and Azul Partner on Revenue Optimization Initiatives

FLYR Labs partnered with Brazilian carrier Azul to reshape the airline's revenue management strategy, focusing on fare bundle and ancillary product optimization. This collaboration enables Azul to harness FLYR's sophisticated data management, pricing, and forecasting technologies to create customized offerings for its passengers, enhancing the overall travel experience while boosting profitability. [Published On: 2023-01-26]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Food Testing Analytical Instrumentation Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Food Testing Analytical Instrumentation Market, highlighting leading vendors and their innovative profiles. These include Agilent Technologies, Inc., Avantor, Inc., Bio-Rad Laboratories, Inc., Bruker Corporation, Carl Zeiss AG, Danaher Corporation, Eppendorf SE, Hitachi, Ltd., Illumina, Inc., JEOL Ltd., Malvern Panalytical Ltd. by Spectris PLC, Mettler Toledo, Microteknik, Nikon Instruments Inc., PerkinElmer Inc., Sartorius AG, Shimadzu Corporation, Spectris PLC, TeraView Limited, Thermo Fisher Scientific Inc., and Waters Corporation.

Market Segmentation & Coverage

This research report categorizes the Food Testing Analytical Instrumentation Market to forecast the revenues and analyze trends in each of the following sub-markets:

Offering
- Instruments
- Services
- Software

Technology
- Chromatography
- Microscopy
- Molecular Analysis
- Particle Analysis
- Spectroscopy

Application
- Food Traceability
- Ingredient Authentication
- Microbial Analysis
- Nutritional Analysis
- Sensory Analysis
- Shelf Life Determination

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-61081604A151

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing incidents of foodborne illnesses across the globe
  - 5.1.1.2. Government focus on stringent food safety regulations
  - 5.1.1.3. Increasing use of analytical instrumentation for quantitative and qualitative information
- 5.1.2. Restraints
  - 5.1.2.1. High cost associated with advanced analytical instruments
- 5.1.3. Opportunities
  - 5.1.3.1. Extensive R&D activities to enhance features and functionalities of analytical instruments
  - 5.1.3.2. Availability of stricter quality standards for accurate testing methods across food & beverage industry
- 5.1.4. Challenges
  - 5.1.4.1. Lack of skilled professionals to operate instruments and interpret the complex data
5.2. Market Segmentation Analysis
- 5.2.1. Offering: Ongoing advancements in the instruments for high-throughput food testing, enhanced sensitivity and faster results
- 5.2.2. Application: Increasing significance of nutritional analysis for packaged foods and dietary supplements sectors
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Food Testing Analytical Instrumentation Market, by Offering

6.1. Introduction
6.2. Instruments
6.3. Services
6.4. Software

7. Food Testing Analytical Instrumentation Market, by Technology

7.1. Introduction
7.2. Chromatography
7.3. Microscopy
7.4. Molecular Analysis
7.5. Particle Analysis
7.6. Spectroscopy

8. Food Testing Analytical Instrumentation Market, by Application

8.1. Introduction
8.2. Food Traceability
8.3. Ingredient Authentication
8.4. Microbial Analysis
8.5. Nutritional Analysis
8.6. Sensory Analysis
8.7. Shelf Life Determination

9. Americas Food Testing Analytical Instrumentation Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Food Testing Analytical Instrumentation Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Food Testing Analytical Instrumentation Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Plusgrade Acquires UpStay to Expand its Portfolio of Upgrade and Ancillary Revenue Solutions for the Hospitality Industry
- 12.3.2. FLYR and Azul Partner on Revenue Optimization Initiatives
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio