PUBLISHER: Value Market Research | PRODUCT CODE: 1332704
PUBLISHER: Value Market Research | PRODUCT CODE: 1332704
The global demand for Food Diagnostics Market is presumed to reach the market size of nearly USD 30.92 BN by 2030 from USD 15.63 BN in 2022 with a CAGR of 8.9% under the study period 2023 - 2030.
Food diagnostics, also known as food testing or food analysis, refers to the process of analyzing and testing food products to ensure their safety, quality, and compliance with regulatory standards. It identifies and quantifies the presence of various contaminants, pathogens, allergens, nutritional components, and additives in food products.
Stringent food safety regulations, increasing foodborne illnesses, and growing consumer awareness about food safety and quality are key drivers of the market. The globalization of the food trade and the need to prevent food fraud have further contributed to the demand for food diagnostics. Technological advancements in food diagnostic methods, such as rapid testing and automation, have improved efficiency and accuracy, fostering the adoption of these solutions in the food industry. Food diagnostics play a crucial role in quality control, supply chain traceability, and protecting public health by identifying contaminants and pathogens in food products. With the rise in processed food production and consumption, monitoring and testing for food safety and quality have become paramount. As food safety gains top priority for consumers, regulators, and the industry, the food diagnostics market is expected to continue growing. The adoption of sophisticated and dependable food diagnostic methods will play a pivotal role in effectively managing food safety issues and upholding consumer trust within the food supply chain.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of food diagnostics. The growth and trends of food diagnostics industry provide a holistic approach to this study.
This section of the food diagnostics market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Food Diagnostics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Food Diagnostics market include 3M (US), Thermo Fisher Scientific Inc. (US), PerkinElmer Inc. (US), Danaher Corporation (US), Shimadzu Corporation (Japan), Agilent Technologies Inc. (US), biomerieux SA (France), Bio-Rad Laboratories Inc. (US), Neogen Corporation (US), Foss (Denmark), Biorex Food Diagnostics (UK), and Randox Food Diagnostics (Ireland). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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