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2023 Food Diagnostics Market Size, Share, Growth, Latest Trends, Industry Analysis By 2032
Food Diagnostics Market
Food Diagnostics Market Size, Growth Rate, And Forecast
The global food diagnostics market size is expected to grow from $15.94 billion in 2022 to $17.19 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The food diagnostics market size is expected to reach $23.02 billion in 2027 at a CAGR of 5.6%.
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Food Diagnostics Market Drivers
The increasing number of food adulteration cases is expected to propel the growth of the food diagnostics market going forward. Food adulteration refers to the process of lowering the quality of food by either including or replacing food substances with hidden alternative components, or by removing some useful components. Food diagnostics is a scientific method for determining the content and quality of food products that are used to detect food adulteration, which occurs when inferior or hazardous ingredients are added to food items. Hence, the increasing number of food adulteration cases increases the demand for food diagnostics.
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Food Diagnostics Market Segments
1) By Type: System, Test Kits, Consumable
2) By Types Of Tests: Food Safety Testing, Food Authenticity Testing, Food Shelf Life Testing Market
3) By Site: Inhouse, Outsourcing Facility
4) By Food Tested: Meat Poultry And Seafood, Processed Food, Dairy Products, Fruits And Vegetables, Cereals Grains And Pulses, Nuts Seeds And Spices, Other Food Tested
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Food Diagnostics Market.
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Food Diagnostics Market Key Players
Major competitors in the Food Diagnostics Market include Randox Food Diagnostics, 3M, Shimadzu Corporation, Thermo Fisher Scientific Inc., PerkinElmer Inc., Agilent Technologies Inc., Neogen Corporation, FOSS India Private Limited, bioMérieux SA, Danaher Corporation, Bio-Rad Laboratories Inc., Biorex Food Diagnostics, Merck KGaA, QIAGEN N.V., ALS Limited, Intertek Group plc, Hygiena LLC, EnviroLogix Inc
The Business Research Company's "Global Food Diagnostics Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Food Diagnostics Market Include:
1. Executive Summary
2. Food Diagnostics Market Characteristics
3. Food Diagnostics Market Trends And Strategies
4. Food Diagnostics Market - Macro Economic Scenario
5. Food Diagnostics Market Size And Growth
.......
26. Africa Food Diagnostics Market
27. Food Diagnostics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Food Diagnostics Market
29. Food Diagnostics Market Future Outlook and Potential Analysis
30. Appendix
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