Food Pathogen Detection Technology Market 2021 Technology Advancement and Demand - BIOM RIEUX SA; Merck KGaA; Bio-Rad Laboratories, Inc

Food Pathogen Detection Technology Global Market Opportunities And Strategies To 2030: COVID-19 Impact and Recovery

The food pathogen detection technology market is segmented by technology into traditional and rapid. The rapid market was the largest segment of the food pathogen detection technology market segmented by technology, accounting for 77.1% of the total in 2019. Going forward traditional segment is expected to be the fastest growing segment in the food pathogen detection technology market by technology, at a CAGR of 7.8% during 2019-2023.
The food pathogen detection technology market is also segmented by food type into meat and poultry, dairy, processed foods, fruits and vegetables and cereals and grains. The meat and poultry market was the largest segment of the food pathogen detection technology market segmented by food type, accounting for 30.5% of the total in 2019. Going forward fruits and vegetables segment is expected to be the fastest growing segment in the food pathogen detection technology market by food type, at a CAGR of 8.7% during 2019-2023.

The global food pathogen detection technology market reached a value of nearly $3,723.5 million in 2019, having increased at a compound annual growth rate (CAGR) of 6.5% since 2015. The market is expected to increase from $3,723.5 million in 2019 to $5,007.5 million in 2023 at a rate of 7.7%. The market is expected to grow to $5,945.9 million in 2025 at a compound annual growth rate (CAGR) of 9.0%, and to $8,937.7 million in 2030 at a compound annual growth rate (CAGR) of 8.5%._

Top Leading Companies mentioned are

BIOM RIEUX SA, Merck KGaA, Bio-Rad Laboratories, Inc., The 3M Company, Qiagen N.V., Pall Corporation (Danaher Corporation), Hygiena, LLC, Romer Labs (ERBER Group), Thermo Fisher Scientific and Charm Sciences Inc.

Growth in the historic period resulted from increase in global outbreaks of foodborne illnesses and globalization of food trade. Factors that negatively affected growth in the historic period were low penetration of food pathogen detection infrastructure in developing countries. Going forward, increasing adoption of advanced food pathogen detection technologies for rapid testing and increasing stringency of food safety regulations will positively impact the market growth. Factors that could hinder the growth of the food pathogen detection technology market in the future include high costs of some advanced food pathogen detection technologies and low profit margins owing to high market fragmentation.

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Market Segmentation by Types:           

By Technology: Rapid; Traditional

By Food Type: Meat & Poultry; Dairy; Processed Food; Fruits & Vegetables; Cereals & Grains               

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Description: Where is the largest and fastest growing market for the food pathogen detection technology market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? Food Pathogen Detection Technology Global Market Opportunities And Strategies To 2030: COVID-19 Impact And Recovery report from The Business Research Company answers all these questions and many more.

Essential points covered in Global Food Pathogen Detection Technology Market2020 Research are: -

What will the market size and the growth rate be in 2020?
What are the key factors driving the global Food Pathogen Detection Technology market?
What are the key markets trends impacting the growth of the global Food Pathogen Detection Technology market?
What are the challenges to market growth?
Who are the key vendors in the global Food Pathogen Detection Technology market?
What are the market opportunities and threats faced by the vendors in the global Food Pathogen Detection Technology market?
What are the key outcomes of the five forces analysis of the global Food Pathogen Detection Technology market?

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This independent 238 pages report guarantees you will remain better informed than your competition. With over figures examining the Food Pathogen Detection Technology market, the report gives you a visual, one-stop breakdown of the leading products, submarket and market leader’s market revenue forecasts as well as analysis to 2020.

Geographically, this report is segmented into several key Regions, with Sales, revenue, Market Share (%) and Growth Rate (%) of Food Pathogen Detection Technology in these regions, from 2014 to 2020(forecast), covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Furthermore, the report provides a detailed analysis of the global Food Pathogen Detection Technology market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done. The report also includes a detailed analysis of the global Lithium-Ion Batteries market by countries, comprising of its market by value, volume, and ARPU and penetration rate.

The food pathogen detection technology market is also segmented by pathogen type into E.coli, salmonella, listeria, campylobacter and others (norovirus and rotavirus). The salmonella market was the largest segment of the food pathogen detection technology market segmented by pathogen type, accounting for 39.9% of the total in 2019. Going forward E.coli segment is expected to be the fastest growing segment in the food pathogen detection technology market by pathogen type, at a CAGR of 15.3% during 2019-2023.

The food pathogen detection technology market is also segmented by type of product into consumables and equipment. The consumables market was the largest segment of the food pathogen detection technology market segmented by type of product, accounting for 77.4% of the total in 2019. Going forward consumables segment is expected to be the fastest growing segment in the food pathogen detection technology market by type of product, at a CAGR of 8.3% during 2019-2023.

COVID-19 has had a significant impact on the food pathogen detection technology market, as the outbreak was believed to be caused by a foodborne disease. The pandemic has further increased health-consciousness in consumers and raised awareness about the health and safety of food products, which has increased the demand for food safety testing technologies. Moreover, the pandemic has forced governments to reevaluate their regulations regarding food safety testing, and is encouraging them to put stricter, more effective regulations in place to ensure food safety and quality.

North America was the largest region in the global food pathogen detection technology market, accounting for 44.4% of the total in 2019. It was followed by Asia-Pacific, Western Europe, and then the other regions. Going forward, the fastest-growing regions in the food pathogen detection technology market will be Eastern Europe and Asia-Pacific, where growth will be at CAGRs of 13.7% and 11.7% respectively during 2019-2023.These will be followed by South America and Africa, where the markets are expected to grow at CAGRs of 10.2% and 10.1% respectively during 2019-2023.

The food pathogen detection technology market is fragmented, with large number of regional players operating in the market. The top ten competitors in the market made up to 15.19% of the total market in 2019.
The top opportunities in the food pathogen detection technology market segmented by technology will arise in the rapid market segment, which will gain $892.9 million of global annual sales by 2023. The top opportunities in the food pathogen detection technology market segmented by food type will arise in the meat & poultry, which will gain $409.1 million of global annual sales by 2023. The top opportunities in the food pathogen detection technology market segmented by pathogen type will arise in the listeria, which will gain $400.2 million of global annual sales by 2023. The top opportunities in the food pathogen detection technology market segmented by type of product will arise in the consumables, which will gain $1,075.9 million of global annual sales by 2023. The food pathogen detection technology market size will gain the most in the USA at $263.6 million.

Market-trend-based strategies for the food pathogen detection technology market include rising use of genetic testing methods for detecting food pathogens, growth in pathogen test volumes, increasing focus on listeria detection in food samples, rising consumption of food pathogen detection technologies by third-party testing laboratories and increasing mergers and acquisitions in the food pathogen detection technology market. Player-adopted strategies in the food pathogen detection technology industry include expanding business presence in the market through strategic acquisition of emerging and innovative players in the industry, expanding presence in the global markets, development and launching of new and innovative pathogen detection technologies, partnerships and collaborative agreements with the emerging companies in the industry and expanding direct sales presence in emerging and developed markets.

To take advantage of the opportunities, The Business Research Company recommends the food pathogen detection technology companies to focus on using genetic testing, focus on listeria detection, expand in markets mandating food pathogen detection technology, provide competitively priced offerings, and participate in trade shows and events.

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The research includes historic data from 2015 to 2021 and forecasts until 2021 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Food Pathogen Detection Technology on the basis of stating current situation of the industry in 2020 so as to make comprehensive organization and judgment on the competition situation and development trend of Food Pathogen Detection Technology Market and assist manufacturers and Food Pathogen Detection Technology organization to better grasp the development course of Food Pathogen Detection Technology Market.

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