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Global Food Diagnostics Market is expected to grow at a CAGR of 8.1% during the forecast period from 2019-2025

01-31-2020 02:32 PM CET | Science & Education

Press release from: Fior Markets

Global Food Diagnostics Market 2019, Global Food Diagnostics Market Growth, Global Food Diagnostics Market Trends and Analysis,

Global Food Diagnostics Market 2019, Global Food Diagnostics Market Growth, Global Food Diagnostics Market Trends and Analysis,

As per the report published by Fior Markets, 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.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.

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

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Leading companies in the industry include Beckman Coulter Inc., Randox Laboratories Ltd., Biocontrol Systems Inc., E. I. Du Pont De Nemours and Company, Thermofisher Scientific Inc.among otherswhichare offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.For instance, 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.

The type segment is classified into diagnostics systems and diagnostics consumables. The diagnostics systems segment estimated to lead the food diagnostics market and valued around USD 6.59 Billion 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. Type of test segment is divided into segments such as safety and quality. The type of test segment is dominating the market with the share of 59.90% 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. 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 and valued around USD 3.12 Billion 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.

BROWSE COMPLETE REPORT AND TABLE OF CONTENTS:https://www.fiormarkets.com/report/global-food-diagnostics-market-by-type-diagnostics-systems-375957.html

Rising number of foodborne illnesses is an important factor affecting the growth of the market. Also, increased implementation of new and improved technology of PCR, chromatography and immunoassay and stringent policies of government on foodborne diseases preventionare also fuelling the growth of market.But modifications in sample collection and preparation standardizationmay hamper the growth of market. However, increased government expenditure and spending on food safetydrives the industry growth in coming years.

Customization of the Report:This report can be customized to meet the client's requirements. Please connect with our sales team (sales@fiormarkets.com),who will ensure that you get a report that suits your needs.

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Fior Markets is a futuristic market intelligence company, helping customers flourish their business strategies and make better decisions using actionable intelligence. With transparent information pool, we meet clients' objectives, commitments on high standard and targeting possible prospects for SWOT analysis and market research reports. We sell market research reports obtained from major publishers from various industries, in which a comprehensive overview of the market is provided along with statistical forecasts, strategic recommendations, detailed segmentation, current market scenario, competitive landscape and key trends.

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