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Food Pathogen Detection Technology Market Demand, Evolving Trends, Future Perspectives, Size, Share And ForecastTo2033

12-02-2024 11:04 AM CET | Health & Medicine

Press release from: The Business Research Company

Food Pathogen Detection Technology Market Demand

Food Pathogen Detection Technology Market Demand

"The Business Research Company recently released a comprehensive report on the Global Food Pathogen Detection Technology Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The food pathogen detection technology market size has grown strongly in recent years. It will grow from $5.53 billion in 2023 to $5.96 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to increase in global outbreaks of foodborne illnesses and globalization of food trade.

The food pathogen detection technology market size is expected to see strong growth in the next few years. It will grow to $8.02 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to increasing adoption of advanced food pathogen detection technologies for rapid testing and increasing stringency of food safety regulations. Major trends in the forecast period include rising use of genetic testing methods for detecting food pathogens, growth in pathogen test volumes, increasing focus on listeria detection in food samples, rising consumption of food pathogen detection technologies by third-party testing laboratories and increasing mergers and acquisitions in the food pathogen detection technology market.

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Market Drivers and Trends:

An increase in the outbreak of foodborne illness across the world contributed to the growth of the food pathogen detection technology market. Foodborne diseases refer to any hazardous or infectious sickness obtained as a result of consuming contaminated water or food. For instance, in December 2022, according to the data released by the European Food Safety Authority (EFSA), an Italy-based government agency that provides independent scientific advice and communicates on existing and emerging risks, the number of foodborne outbreaks reached 4,005 in 2021 in European Union (EU), an increase of 29.8% from 2020. The upsurge in the occurrence of foodborne diseases among the global population increased the demand for food pathogen detection technology, thus driving the food pathogen detection technology market growth.

Genetic testing technology is being increasingly used for the rapid, sensitive, and reliable detection of pathogens in food. Genetic testing techniques identify the problem even when the pathogens are just formed or are in tiny concentration. For instance, in July 2022, 1health, a US-based software platform that enables diagnostic testing results to be accurately delivered in minutes, in partnership with Apollo Health Group, launched Apollo's specialized high performing NGS tests. The Apollo Health Group is automating difficult genetic testing workflows and doing rid of risky paper-based procedures. Physicians around the United States can now register, make orders digitally and securely, and process test results promptly and securely via 1health's online platform.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:

Siemens AG, Johnson Controls, Carrier Global Corporation, Honeywell International, Robert Bosch, Schneider Electric, Hochiki Corporation, Assa Abloy, Securiton AG, Halma, Protec, Rubezh, Ajax, Pozhtechnika, SATEL, NAPCO Security Technologies, Encore Fire Protection, VEP Fire Systems, Kidde fire safety, Ras Al Khaimah Safety and Security System LLC, C.G. Technology L.L.C, Speed Fire & Safety Equipment L.L.C, A One Technology Fire Safety & Security Systems LLC, Eversafe Fire & Safety Equipment LLC, Alnahrain Security & Safety, Tyco, UTC, Viking, Fike Corporation.

Food Pathogen Detection Technology Market 2024 Key Insights:

• The food pathogen detection technology market size is expected to see strong growth in the next few years. It will grow to $8.02 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%.
• Rising Global Foodborne Illness Outbreaks Boost Food Pathogen Detection Technology Market
• Genetic Testing Transforms Food Pathogen Detection For Rapid And Reliable Results
• North America was the largest region in the global food pathogen detection technology market in 2023

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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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