Press release
Food Pathogen Testing Market Share, Size, Industry Growth, Competitive Landscape, Share & Forecast To 2033
Food Pathogen Testing Market Analysis
The Business Research Company presents an extensive market research report on the Food Pathogen Testing Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The food pathogen testing market size has grown strongly in recent years. It will grow from $10.25 billion in 2023 to $11.23 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to food safety regulations, outbreaks and contamination incidents, globalization of food trade, consumer awareness and demand, industry standards and best practices..
The food pathogen testing market size is expected to see rapid growth in the next few years. It will grow to $16.67 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to covid-19 impact, quality assurance and consumer trust, emerging pathogens and disease outbreaks, industry collaboration and standardization, focus on public health initiatives.. Major trends in the forecast period include continual r&d and innovation, remote and mobile testing solutions, consumer demand for transparency, rapid testing solutions, microbial identification systems, automation and robotics..
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Key Market Players:
Major companies operating in the food pathogen testing market report are Bureau Veritas SA, Lloyd's Register Quality Assurance Limited, Intertek Group plc, Asurequality Ltd., Genevac Ltd., Thermo Fisher Scientific Inc., Bio-Rad Laboratories Inc., Merck Co. & KGaA, Neogen Corporation, bioMerieux SA, Agilent Technologies Inc., Qiagen NV, Shimadzu Corporation, SGS Société Générale de Surveillance SA, Genetic Id Na Inc., RapidBio Systems Inc., Mérieux NutriSciences Corp., FoodChain ID Inc., Ring Biotechnology Co. Ltd., Genon Laboratories Ltd., PerkinElmer Inc., Randox Food Diagnostics Ltd., Omega Diagnostics Group plc, Romer Labs Inc., Eurofins Scientific SE, Charm Sciences Inc., Hygiena LLC, MilliporeSigma, Hardy Diagnostics, Luminex Corporation
Market Drivers:
The growing incidence of food poisoning is expected to propel the growth of the food pathogen testing market. Food poisoning refers to sickness caused by eating contaminated and unhealthy food. Food pathogen testing help identify pathogenic organisms in manufacturing environments, ingredients, or finished products and reduce the incidences of food poisoning, as a result, the growing incidence of food poisoning increases the demand for the food pathogen testing market. For instance, according to the Food and Drug Administration, a US-based federal agency of the Department of Health and Human Services, as of February 2022, every year there are around 48 million incidents of foodborne illness, which translates to 1 in 6 Americans getting sick. Additionally, these infections cause an estimated 3000 fatalities and 12.8k hospital admissions annually. Therefore, the growing incidence of food poisoning drives the food pathogen testing market.
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https://www.thebusinessresearchcompany.com/report/food-pathogen-testing-global-market-report
The food pathogen testing market covered in this report is segmented -
1) By Type: E.Coli, Salmonella, Listeria, Other Pathogens
2) By Technology: Traditional, Rapid, Immunoassay, Convenience Based, PCR, Other Technologies
3) By Application: Meat And Poultry, Fruits And Vegetables, Dairy, Other Applications
4) By Sales Channel: OEM, Aftermarket
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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