Press release
Food Testing Kits Market 2024-2033 : Market Size, Top Segments, Leading Region Forecast | Agilent Technologies Inc., Bio-Rad Laboratories Inc., bioMérieux SA, EnviroLogix Inc., Eurofins Scientific SE
"The new report published by The Business Research Company, titled ""Food Testing Kits Global Market Report 2024: Ukraine-Russia War - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, the food testing kits market size has grown rapidly in recent years. It will grow from $2.84 billion in 2023 to $3.14 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The food testing kits market size is expected to see rapid growth in the next few years. It will grow to $4.72 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%.
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The Role Of Food Testing Kits In Combating Rising Food-Borne Illness
The rising cases of food-borne illness is expected to propel the growth of the food testing kits market in the coming years. The term food-borne illness is a condition induced by intake of contaminated food or drink. Food testing kits can be of great use to reduce the chances of ingesting contaminated food and hence, reducing food-borne illnesses. According to the Foodborne Diseases Active Surveillance Network (FoodNet), a US-based organization that provides food safety policies, in the United States in 2022, there will be 25,479 instances of foodborne disease, 5,981 hospitalizations, and 170 deaths caused by eight pathogens. The surge in food-borne illness has led to increased focus on food safety for people, thereby contributing to the growth of the food testing kits market.
The Rise Of Technological Advancements In Food Testing Kits
Technological advancements are a key trend gaining popularity in the food testing kits market. Rapid analytical food testing kits (RAFT), a new technology that allows people to use kits that detect and identify food pathogens, food allergens, food adulterants, pesticide leftovers, food pathogens, antibiotics/drug residues, and other harmful food toxins that contaminate the food products. These kits enable users to gain more assurance and check the quality of their food as well as protecting them from illnesses. For instance, in December 2020, Eurofins Technologies, a Hungary-based supplier of test kits and systems for laboratory analyses, launched the SENSIStrip Allergen product range. SENSIStrip Allergen kits are immunoassay-based, simple to use and rapid tests that need only a short incubation time. In terms of food matrices, rinse water, and machinery, this ensures adequate allergy management at various phases of the food manufacturing process.
The food testing kits market covered in this report is segmented -
1) By Technology: PCR-based, Immunoassay-based, Enzyme Substrate-based
2) By Target Tested: Pathogens, Meat Species, GMOs, Allergens, Mycotoxins, Other Target Tested
3) By Sample: Meat, Poultry, And Seafood, Dairy Products, Packaged Food, Fruits and Vegetables, Cereals, Grains, and Pulses, Nuts, Seeds, and Spices, Other Samples
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Major companies operating in the food testing kits market include Agilent Technologies Inc., Bio-Rad Laboratories Inc., bioMérieux SA, EnviroLogix Inc., Eurofins Scientific SE, Merck KGaA (Merck Millipore), Neogen Corporation, PerkinElmer Inc., QIAGEN N.V., Romer Labs Inc., Thermo Fisher Scientific Inc., Danaher Corporation, Erber Group, DNA Diagnostic A/S, Elabscience Biotechnology Co. Ltd., Creative Diagnostics, SGS SA, Intertek Group plc, AES Laboratories Pvt. Ltd., TÜV NORD GROUP, Bureau Veritas, ALS Limited, AsureQuality, Luminex Corporation, Randox Laboratories Ltd., Hygiena LLC, Charm Sciences Inc., Bruker Corporation, FOSS A/S, IDEXX Laboratories Inc.
Contents of the report:
1. Executive Summary
2. Food Testing Kits Market Report Structure
3. Food Testing Kits Market Trends And Strategies
4. Food Testing Kits Market - Macro Economic Scenario
5. Food Testing Kits Market Size And Growth
…..
27. Food Testing Kits Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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