PUBLISHER: The Business Research Company | PRODUCT CODE: 1464102
PUBLISHER: The Business Research Company | PRODUCT CODE: 1464102
Food pathogen safety testing equipment and supplies encompass a range of tools, instruments, and materials utilized for the detection and analysis of pathogens, including bacteria, viruses, and parasites, in food products. These testing supplies play a crucial role in safeguarding the safety and quality of food by identifying harmful microorganisms that could potentially lead to foodborne illnesses if consumed.
The primary categories of food pathogen safety testing equipment and supplies include systems, microbial culture media, and test kits. Systems encompass integrated technological solutions or platforms designed to streamline and optimize the process of detecting, identifying, and monitoring pathogens in various food products. These systems cover a wide array of food tests, including those for meat and poultry, processed food, dairy products, cereals and grains, fruits and vegetables, fish and seafood, among others. Additionally, they are utilized across different sites, such as outsourcing facilities, in-house facilities, and government laboratories.
The food pathogen safety testing equipment and supplies market research report is one of a series of new reports from The Business Research Company that provides food pathogen safety testing equipment and supplies market statistics, including food pathogen safety testing equipment and supplies industry global market size, regional shares, competitors with a food pathogen safety testing equipment and supplies market share, detailed food pathogen safety testing equipment and supplies market segments, market trends and opportunities, and any further data you may need to thrive in the food pathogen safety testing equipment and supplies industry. This food pathogen safety testing equipment and supplies market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The food pathogen safety testing equipment and supplies market size has grown strongly in recent years. It will grow from $7.7 billion in 2023 to $8.3 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth observed during the historical period can be attributed to several factors, including the increasing consumer awareness regarding food safety, the globalization of food supply chains, incidences of foodborne outbreaks prompting heightened vigilance, industry consolidation leading to more efficient testing processes, and overall economic development fostering investment in food safety measures.
The food pathogen safety testing equipment and supplies market size is expected to see strong growth in the next few years. It will grow to $11.17 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The forecasted growth is driven by factors such as increasing global population, automation adoption, climate change impacts, food traceability needs, and rising consumer demand for organic and natural foods. Key trends include emphasis on supply chain traceability, blockchain adoption, regulatory scrutiny, and growing consumer demand for transparency.
The anticipated rise in foodborne disease cases is expected to drive the expansion of the food pathogen safety testing equipment and supplies market in the foreseeable future. Foodborne diseases, stemming from the consumption of food or beverages contaminated with pathogenic microorganisms, toxins, or chemicals, are attributed to shifts in food consumption habits and irregularities in food processing. Food pathogen safety testing equipment plays a critical role in preventing and managing foodborne illnesses by identifying harmful pathogens in food products, thereby safeguarding public health and bolstering consumer confidence in the food supply chain. For instance, a report published by the European Food Safety Authority, an Italy-based government agency, revealed a notable 43.9% increase in foodborne outbreaks in the European Union in 2022 compared to the previous year, rising from 4,005 cases in 2021. Consequently, the escalating prevalence of foodborne diseases is propelling the growth trajectory of the food pathogen safety testing equipment and supplies market.
Leading companies operating in the food pathogen safety testing equipment and supplies market are channeling their efforts towards developing equipment advancements, notably automated pathogen testing platforms, to modernize conventional food safety testing procedures. These state-of-the-art testing systems are engineered to streamline and enhance the detection of pathogens across diverse samples, particularly within the food industry. For example, Spectacular Labs, a US-based provider of autonomous testing equipment and lab automation, unveiled a rapid, precise, and automated pathogen testing platform in July 2023. This innovative solution empowers food and beverage companies to swiftly detect pathogens onsite, while also enabling testing laboratories to scale their operations in a cost-effective manner. Leveraging molecular methods such as real-time PCR or nucleic acid amplification, the platform delivers expedited and accurate results, bolstering the efficiency, reliability, and overall performance of pathogen testing in food and environmental samples.
In September 2022, Neogen Corporation, a renowned US-based company specializing in food safety, completed a merger with 3M Food Safety Business. This strategic integration aims to position the combined entity as a dominant force in the food safety sector, seizing growth prospects and harnessing collective expertise to drive innovation. 3M Food Safety Business, also headquartered in the United States, is recognized for its comprehensive portfolio of food safety testing solutions, making it a strategic fit for Neogen's expansion ambitions and commitment to advancing food safety standards.
Major companies operating in the food pathogen safety testing equipment and supplies market report are Thermo Fisher Scientific Inc., Danaher Corporation, Merck KGaA, Agilent Technologies Inc., PerkinElmer Inc., BioMerieux S.A., Shimadzu Corporation, Bio-Rad Laboratories Inc., Bruker Corporation, Qiagen N.V., Neogen Corporation, Promega Corporation, Hygiena LLC, Romar Labs Division Holdings, R-BioPharm AG, Microbiologics Inc., BioControl Systems Inc., Zeulab S.L., HyTest Ltd., CHROMagar Technologies, Roka BioScience, Solabia Group, PathogenDx Corporation, Gold Standard Diagnostics Corp., Nemis technologies AG
Asia-Pacific was the largest region in the food pathogen safety testing equipment and supplies market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the food pathogen safety testing equipment and supplies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the food pathogen safety testing equipment and supplies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The food pathogen safety testing equipment and supplies market consists of sales of sample preparation equipment, detection instruments, microbiological filters, culture media and reagents, and rapid test kits. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Food Pathogen Safety Testing Equipment And Supplies Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on food pathogen safety testing equipment and supplies market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for food pathogen safety testing equipment and supplies ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The food pathogen safety testing equipment and supplies market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.