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Food Pathogen Testing Market Report 2024: Strategies And Recent Developments | Bureau Veritas SA, Lloyd's Register Quality Assurance Limited, Intertek Group plc, Asurequality Ltd., Genevac Ltd., Thermo Fisher Scientific Inc., Bio-Rad Laboratories Inc., Me
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2340The Business Research Company offers in-depth market insights through Food Pathogen Testing Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
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
Major Driver - Surging Food Poisoning Cases Fuel Food Pathogen Testing Market Growth
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.
Competitive Landscape:
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
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Top Trend - Revolutionizes Food Safety Testing With Cutting-Edge Automated Platform
Technological advancements have emerged as the key trend gaining popularity in the food pathogen testing market. Major companies operating in the food pathogen testing market are developing innovative technologies to strengthen their position in the market. For instance, In July 2023, Spectacular Labs, a US-based laboratory, launched the future of food safety testing, which includes a fast, accurate, and automated pathogen testing platform. The platform is designed to provide food and beverage companies with the ability to detect pathogens on-site easily while testing laboratories can scale operations cost-effectively. The company's innovative solution combines speed, accuracy, and affordability to offer top-tier food safety testing services.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Food Pathogen Testing Market Characteristics
3. Food Pathogen Testing Market Trends And Strategies
4. Food Pathogen Testing Market - Macro Economic Scenario
5. Food Pathogen Testing Market Size And Growth
…..
27. Food Pathogen Testing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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