Global Food Diagnostics Market: Projected Growth, Key Players, and Emerging Trends Through 2029

Deciphering the Accelerating Success Rate of the Food Diagnostics Market

What Is The Projected Market Size Of The Global Food Diagnostics Market And Its Growth Rate?
The global food diagnostics market is projected to undergo phenomenal growth in the coming years; key statistics include:
• Growing from $18.51 billion in 2024 to $19.92 billion in 2025, it is expected to reach a CAGR of 7.6%.
• The expected market size by 2029 is $27.45 billion, indicating a CAGR of 8.3%.

The historic growth can be attributed to stringent food safety regulations and the globalization of food supply chains, while the forecast period's expansion will be driven by the focus on allergen detection, demand for on-site and portable diagnostics, and the rising importance of traceability and microbial testing.

What Is Driving The Growth In The Food Diagnostics Market?
The increasing number of food adulteration cases is expected to propel the food diagnostics market's progression. Food adulteration involves the substitution or addition of harmful ingredients in food items, deteriorating their quality and posing health risks. The food diagnostics market is a scientific way to ensure transparency in these food products by detecting any possible adulteration, thus increasing its demand. For instance, as per the Food and Drug Administration in January 2023, food fraud affects 1% of the global food sector and costs $10-$15 billion per year, which can rise to $40 billion according to recent estimates. Therefore, this escalating food adulteration scenario is significantly driving the food diagnostics market growth.

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Who Are the Key Players Driving Food Diagnostics Market Growth?
Crucial players propelling the growth of the food diagnostics market include:
• Randox Food Diagnostics
• 3M Company
• Shimadzu Corporation
• Thermo Fisher Scientific Inc.
• PerkinElmer Inc.
• Agilent Technologies Inc.
• Neogen Corporation
• FOSS India Private Limited
• bioMérieux SA
• Danaher Corporation
• Bio-Rad Laboratories Inc.

What Are The Key Trends In The Food Diagnostics Market?
The food diagnostics market is revolutionizing via key trends such as:
• Technological convergence in the industry
• Digitalization of food documentation
• Advancements in rapid testing technologies and point-of-care diagnostics
• Biosafety level enhancement
• Implementation of remote sensing technologies

What Are The Segments Of The Global Food Diagnostics Market?
The food diagnostics market is segmented into:
• System, Test Kits, Consumable (By Type)
• Food Safety Testing, Food Authenticity Testing, Food Shelf Life Testing market (By Types Of Tests)
• In-house, Outsourcing Facility (By Site)
• Meat Poultry And Seafood, Processed Food, Dairy Products, Fruits And Vegetables, Cereals Grains And Pulses, Nuts Seeds And Spices, Other Food Tested (By Food Tested)

Which Region Leads The Food Diagnostics Market?
Europe was the largest region in the food diagnostics market in 2024, covering other regions like Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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What Is Covered In The Food Diagnostics Market Global Market Report?

• Market Size Analysis: This report analyzes the Food Diagnostics Market size by key regions, countries, product types, and applications.

• Market Segmentation Analysis: Identify various sub-segments within the Food Diagnostics Market for effective categorization.

• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.

• Growth Trends Analysis: This report examines individual growth trends and prospects in the Market.

• Market Contribution: This report evaluates contributions of different segments to the overall Food Diagnostics Market growth.

• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.

• Industry Challenges: This report analyzes challenges and risks affecting the Food Diagnostics Market.

• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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