Fior Markets launched a study titled “Global Food Diagnostics Market by Type(Diagnostics Systems,Diagnostics Consumables), Type of Test (Safety, Quality), Food Tested (Meat, Poultry, & Seafood,Others), Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.”
The global food diagnostics market is expected to grow from USD 10.8 Billion in 2017 to USD 20.2 Billion by 2025 at a CAGR of 8.1% during the forecast period from 2018-2025. Growing number of foodborne illnesses and increased implementation of new and improved technology of PCR, chromatography and immunoassay are propelling the growth of the market.
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The diagnostics systems segmentheld the largest market share of 61.10% in 2017
The type segment is classified into diagnostics systems and diagnostics consumables. The diagnostics systems segment estimated to lead the food diagnostics market in 2017.Under the diagnostic systems segment, PCR and microarray systems are gaining importance as powerful tools for food analysis as they provide high analytical precision, user-friendly procedures, and accurate output in food diagnosis.
The type of test segmentvalued around USD 6.46 Billion in 2017
Type of test segment is divided into segments such as safety and quality. The type of test segment is dominating the market in 2017. Growing awareness about food safety in emerging markets have led to the development of food diagnostics systems. They identify food impurities and contamination that occur during manufacturing, processing, and packaging stages.
The meat, poultry, & seafood products segment held the largest market share of 28.90% in 2017
Food tested segment includes meat, poultry, & seafood products, dairy products, processed foods, cereals & grains, fruits & vegetables and others. The meat, poultry, & seafood products segment is dominating the market in 2017. The contamination of meat & poultry products is often observed during processing, packaging and storing. The Food Safety and Inspection Service (FSIS) has framed regulations to stop the contamination of meat & poultry products in slaughterhouses and processing plants, based on the HACCP food safety control system.
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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. Europe held the largest market share of approximately41.00% in 2017.The European market accounted for the largest share in the food diagnostics market. As many countries in Europe have observed several issues related to food safety over the past few years, therefore, government have implemented strict policies to ensure food safety solutions for the consumers.
The major players ofmarketinclude food diagnosticsmarket are Beckman Coulter Inc., Randox Laboratories Ltd., Biocontrol Systems Inc., E. I. Du Pont De Nemours and Company, Thermofisher Scientific Inc., Perkinelmer Inc., Thermo Electron Corporation, Fermantes, and 3M Company, Omega Diagnostic Group Plc., VWR International, Bio-Rad Laboratories Inc., Merck Kgaa, Biomérieux SA, Danaher Corporation, Neogen Corporation, and Foss A/S
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