Study on Food Diagnostics Market by Processed Foods, Meat, Poultry, Seafood and Dairy products End Users to 2024 - Globalization and Food Safety Regulations Drives the Growth

Study covers food diagnostics market across segments across the world. It aims at estimating market size and growth potential across different segments like food tested, type, type of test, & region. Study also includes an in-depth competitive analysis of key players in market

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Food diagnostics market comprises major manufacturers such as 3M Company (US), Merck KGAA (Germany), Thermo Fisher Scientific Inc. (US), Biomerieux SA (France), Danaher Corporation (US), Bio-Rad Laboratories Inc. (US), Neogen Corporation (US), Biorex Food Diagnostics (UK), Randox Food Diagnostics (UK), FOSS (Denmark), Hygiena LLC (US), Agilent Technologies Inc. (US), Qiagen (Germany), GEN-IAL GmbH (Denmark), and Envirlogix Inc. (US).

The food diagnostics market is projected to grow from USD 12.1 billion in 2018 to USD 17.1 billion by 2023, at a CAGR of 7.1% during the forecast period. This is attributed to the increasing incidence of foodborne illness, globalization in food trade, and the rise in demand for efficient, reliable, and real-time food testing.

Asia Pacific is projected to be food diagnostics market report is the fastest-growing market due to the higher adoption of new technologies with an increasing number of food borne illnesses. The growth of the market in this region is driven by various rules & regulations implemented in different countries. Food security standards are increasingly becoming stringent to ensure safer supply of food to individuals in local and foreign countries. Governments have put various regulations in place for consumers, producers, and regulators.

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Study includes an in-depth competitive analysis of these key players in food diagnostics market, with their company profiles, recent developments, & key market strategies. PCR & microarray systems have become a powerful tool for food analysis due to their high analytical precision, user-friendly procedures, and accurate output in food diagnosis. Additionally, hybridization-based systems are most preferred diagnostics systems for detection and quantification of foodborne pathogens.

The food diagnostics market is driven by factors such as an increase in the global outbreaks of food borne illnesses, globalization in food trade, stringent food safety regulations, and the adoption of advanced technologies. However, the lack of coordination between market stakeholders, improper enforcement of regulatory laws, and supporting infrastructure in developing countries can hinder the growth of the market.

Get Details on “Food Diagnostics Market by Type (Systems and Consumables), Type of Test (Safety and Quality), Food Tested (Meat, Poultry, & Seafood, Dairy products, Processed Foods, Cereals & grains, and Fruits & Vegetables), and Region-Global Forecast to 2023” report at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1913492 .

Among foods tested, the market is estimated to be dominated by the meat, poultry, and seafood segment in 2018. 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 control the contamination of meat & poultry products in slaughterhouses and processing plants, based on the HACCP food safety control system.

Recent Developments:
• In September 2018, Thermo Fisher announced to launch a multiple global customer solution centers. The new global customer solution centers its focus on meeting and exceeding the demands of scientists in food, beverage, pharmaceutical, and biotech laboratories by developing critical workflows and integrated solutions that help advance chromatography and mass spectrometry worldwide.
• In December 2018, SCIEX in collaboration with NofaLab announced the development of the first non-derivatized method using LC-MS/MS for quick and simple detection and quantitation of glyphosate and other polar pesticides in food, feed, and water commodities.
• In November 2018, Thermo Fisher announced the introduction of a new and next-generation sequencing (NGS) workflow for multi-species screening and identification of food authenticity. The Thermo Scientific Food Authenticity NGS Workflow enables an untargeted screening approach comprised of five steps to suit the varying needs of food & beverage analysis.

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