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Food Testing Kits Market: Strong Growth, Future Trends and Key Players
Exploring New Trends and Opportunities in the Food Testing Kits MarketWhat Is The Projected Market Size Of The Global Food Testing Kits Market And Its Growth Rate?
The food testing kits market has been witnessing solid growth over the years.
o The market size was $3.06 billion in 2024 and is projected to grow to $3.35 billion in 2025, at a CAGR of 9.6%.
o Factors such as food safety issues, regulatory compliance, consumer awareness, and globalization of the food supply chain contributed to this growth.
o The market is projected to see accelerated growth in the coming years, reaching $5.25 billion in 2029 at a CAGR of 11.9%.
o This future growth can be attributed to trends such as clean label and non-gmo verification, faster testing methods, regulatory stringency, customization and multiplexing, and food industry investment.
What Is Driving The Growth In The Food Testing Kits Market?
The rise in food-borne illnesses is a key driver for the growth of the food testing kits market. Food testing kits can mitigate food-borne illnesses by reducing the risk of consuming contaminated food. In 2022, the US-based organization Foodborne Diseases Active Surveillance Network (FoodNet) estimates 25,479 instances of foodborne diseases, 5,981 hospitalizations, and 170 deaths triggered by eight pathogens. Consequently, the surge in food-borne illnesses is prompting an increased focus on food safety, boosting the growth of the food testing kits market.
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Who Are the Key Players Driving Food Testing Kits Market Growth?
The food testing kits market growth is propelled by leading companies including:
o Agilent Technologies Inc.
o Bio-Rad Laboratories Inc.
o bioMérieux SA
o EnviroLogix Inc.
o Eurofins Scientific SE
o Merck KGaA (Merck Millipore)
o Neogen Corporation
o PerkinElmer Inc.
o QIAGEN N.V.
o Romer Labs Inc.,
o Thermo Fisher Scientific Inc.
o Danaher Corporation
o Erber Group, DNA Diagnostic A/S
o Elabscience Biotechnology Co. Ltd.
What Are The Key Trends In The Food Testing Kits Market?
Major forecast period trends include:
o Traceability and blockchain technology
o Allergen detection
o Pathogen detection
o Smart and connected testing devices
o Mycotoxin detection
What Are The Segments Of The Global Food Testing Kits Market?
The global food testing kits market includes various segments:
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
Which Region Leads The Food Testing Kits Market?
North America was the largest region in the food testing kits market in 2024, followed by Asia-Pacific, which is expected to see the fastest growth in the forecast period.
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What Is Covered In The Food Testing Kits Market Global Market Report?
- Market Size Analysis: Analyze the Food Testing Kits Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Food Testing Kits Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Food Testing Kits Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Food Testing Kits Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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