Food Diagnostics Market worth $30.18 billion by 2030, growing at a CAGR of 8.00% - Exclusive Report by 360iResearch

The "Food Diagnostics Market by Type (Consumables, Systems, Test Kits), Testing Type (Quality, Safety), Site, Food Tested - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Food Diagnostics Market to grow from USD 17.60 billion in 2023 to USD 30.18 billion by 2030, at a CAGR of 8.00%.

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Food diagnostics refers to the space that envelops a wide array of methods and techniques employed to validate and quantify food products' safety and quality parameters. This comprises a collection of equipment, systems, and consumables that ensure the food regulatory standards are met, maintaining food hygiene and subsequent safety. Stringent food safety regulations enforced by governmental and international bodies alike, consumer awareness about food safety, and rising incidences of foodborne illnesses and microbial contamination driving the market growth. In contrast, the lack of food control infrastructure and complications related to quantifying test results restrict the adoption of food diagnostics. However, several researches are going on in this area, which leads to reliable, quality, and safe food diagnostic solutions. Furthermore, technological advancements in food testing kits and technologies and innovations in multi-contaminant analyzing technology and DNA-based kits for testing pathogens provide substantial growth opportunities.

The Americas hold a considerable share in the worldwide food diagnostics market. In recent years, the region has seen a surge in consumer awareness regarding food safety and increased consumption of packaged foods. This region has an impressive portfolio of patents for innovative food diagnostics technologies, reflecting a robust research and development climate. Rising cases of foodborne diseases have propelled regulatory authorities to increase their investments toward enhancing food safety protocols, further driving the food diagnostics market. Furthermore, the EMEA region, comprising EU countries, the Middle East, and Africa, shows a diverse scenario for food diagnostics. In the EU, strict food safety regulations reflect the advanced sanitary protocols, creating an encouraging environment for the food diagnostics market. The EU is investing significantly in research and development to uphold its rigorous food safety standards, leading to various patented innovations in food diagnostics. The Middle Eastern and African countries show promise with their increasing initiatives to improve food safety by the Food and Agriculture Organization (FAO) and World Health Organization (WHO) guidelines. Asia Pacific is arguably one of the fastest-growing regions for the food diagnostics market. Several countries have a significant role in contributing to this growth. In this region, increasing demand for food diagnostics is attributed to the rising middle-class population, governmental initiatives towards improving food safety, and the extensive reach of the e-commerce sector.

Market Segmentation & Coverage:

This research report categorizes the Food Diagnostics Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Consumables, Systems, and Test Kits. The Consumables is further studied across Disinfectants, Reagents, and Test Accessories. The Systems is further studied across Biosensors, Chromatography-Based, Hybridization-Based, Immunoassay-Based, and Spectrometry-Based. The Chromatography-Based is further studied across Gas Chromatography and Liquid Chromatography. The Hybridization-Based is further studied across Gene Amplifiers, Microarrays, Polymerase Chain Reaction, and Sequencers. The Systems is projected to witness significant market share during forecast period.

Based on Testing Type, market is studied across Quality and Safety. The Safety is projected to witness significant market share during forecast period.

Based on Site, market is studied across Inhouse and Outsourcing Facility. The Inhouse is projected to witness significant market share during forecast period.

Based on Food Tested, market is studied across Cereals, Grains, & Pulses, Dairy Products, Fruits & Vegetables, Meat, Poultry, & Seafood, Nuts, Seeds, & Spices, and Processed Food. The Dairy Products is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.47% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Food Diagnostics Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Food Diagnostics Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Food Diagnostics Market, highlighting leading vendors and their innovative profiles. These include 3M Company, ALS Limited, AsureQuality Ltd., Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., Bureau Veritas SA, Charm Sciences, Inc., EMSL Analytical Inc., Equinox Labs, Eurofins Scientific SE, Intertek Group PLC, Microbac Laboratories, Inc., Mérieux NutriSciences Corporation, R J Hill Laboratories Limited, Romer Labs Diagnostic GmbH, Romer Labs Division Holding GmbH, SCIEX, SGS Société Générale de Surveillance SA, Symbio Laboratories, TÜV Nord Group, UL LLC, and VWR International, LLC..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Food Diagnostics Market, by Type
7. Food Diagnostics Market, by Testing Type
8. Food Diagnostics Market, by Site
9. Food Diagnostics Market, by Food Tested
10. Americas Food Diagnostics Market
11. Asia-Pacific Food Diagnostics Market
12. Europe, Middle East & Africa Food Diagnostics Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Food Diagnostics Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Food Diagnostics Market?
3. What is the competitive strategic window for opportunities in the Food Diagnostics Market?
4. What are the technology trends and regulatory frameworks in the Food Diagnostics Market?
5. What is the market share of the leading vendors in the Food Diagnostics Market?
6. What modes and strategic moves are considered suitable for entering the Food Diagnostics Market?

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