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Global Food Diagnostics Market Overview: Forecasted Market Size And Growth Rate | Randox Food Diagnostics, 3M, Shimadzu Corporation, Thermo Fisher Scientific Inc., PerkinElmer Inc
Food Diagnostics Global Market Report
The Business Research Company's Food Diagnostics Global Market Report 2023 identifies 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.
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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Major players in the food diagnostics market are 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.
A key trend in the Food Diagnostics market includes the Product innovation is a key trend gaining popularity in the food diagnostics market. Major companies operating in the food diagnostics market are adopting new technologies to sustain their position in the market.
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The Food Diagnostics market is segmented -
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.
The Business Research Company's "Global Food Diagnostics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……
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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