Impact of COVID-19 on Global Food Diagnostics Market

As indicated by Global Market Estimates, the Global Food Diagnostics Market will propel at a CAGR of 7.5% during the gauge time frame (2020-2026). Increasing food-borne diseases across the globe are the primary and most dominating factor responsible for the growth of the food diagnostic market. This is further expected to accelerate more in the forecast period due to the introduction of strict government food regulatory policies to restrict the further spread of any illness on a national or global scale. Advancements in technologies in the food-tech sector have open rooms full of lucrative opportunities for many key players. Furthermore, the increasing globalization of food trade and intense growing concern towards the hygiene of the food product due to the global pandemic outbreak is vigorously fueling the food diagnostic market and projected to flourish more in the coming years.

Browse 159 Market Data Tables and 111 Figures spread through 168 Pages on "Global Food Diagnostics Market- Forecasts to 2026" https://www.globalmarketestimates.com/market-report/global-food-diagnostics-market-2344

By Type (Test Kits, and Consumables); By Type Of Site (Outsourcing Facility, and In-house); By Testing Type (Safety, and Quality); By Food Testing (Meat, Poultry, and Seafood, Processed Food, Dairy Products, Fruits & Vegetables, Cereals, Grains, & Pulses, Nuts, Seeds, & Spices, and Other Food Tested); By Region (North America, Europe, Asia Pacific, MEA, and CSA), Company Market Share & Competitor Analysis

Key Market Insights:
• This market is analyzed to have a stagnant growth rate of around 7.5% mainly due to increasing foodborne diseases across the globe.
• The test kits segment is s relied upon to develop at the most noteworthy rate in the extended year because of the appeal for precise, easy to use, and on-location test results by different key end-user
• Reduced test practices under the supervision of qualified and trained food-tech scientists are triggering the market of outsourcing facilities over the in-house segment
• The safety segment is more dominating in terms of the type of testing, which is due to the enhanced number of food product recalls
• The meat and poultry segment is the most affected segment due to high chances of contamination in various steps like processing, packaging, and storing
• Europe is the leading shareholder of the food diagnostic market due to strict food regulatory policies

Key global players in the global food diagnostics market are Danaher Corporation, Biorex Food Diagnostics, 3M, Thermo Fisher Scientific Inc., Shimadzu Corporation, bioMerieux SA, Neogen Corporation, PerkinElmer Inc., Foss, Agilent Technologies Inc., Bio-Rad Laboratories, Inc., Randox Food Diagnostics, and others.

Browse the Global Food Diagnostics Market Report @: https://www.globalmarketestimates.com/market-report/global-food-diagnostics-market-2344

Type Outlook (Revenue, USD Billion, 2020 - 2026)
• Test Kits
• Consumables

Site Outlook (Revenue, USD Billion, 2020 - 2026)
• Outsourcing facility
• In-House

Testing Type Outlook (Revenue, USD Billion, 2020 - 2026)
• Safety
• Quality

Food Tested Outlook (Revenue, USD Billion, 2020 - 2026)
• Meat, Poultry, And Seafood
• Processed Food
• Dairy Products
• Fruits & Vegetables
• Cereals, Grains, And Pulses
• Nuts, Seeds, And Spices
• Other Food Tested

Regional Outlook (Revenue, USD Billion, 2020 - 2026)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of APAC
• Central & South America
• Brazil
• Argentina
• Chile
• Rest of CSA
• Middle East & Africa
• Saudi Arabia
• South Africa
• UAE
• Rest of MEA

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This release was published on openPR.