Press release
Rising Concerns Over Food Adulteration Is A Catalyst For The Surging Growth Of The Food Diagnostics Market: An Emerging Driver Transforming The Food Diagnostics Market Landscape
Food Diagnostics
What Is the Projected Growth of the Food Diagnostics Market?
The Food Diagnostics Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Food Diagnostics Market?
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What Are the Different Food Diagnostics Market Segments?
The food diagnostics market covered in this report is segmented -
1) By Type: System, Test Kits, Consumable
2) By Types Of Tests: Food Safety Testing, Food Authenticity Testing, Food Shelf Life Testing market
3) By Site: Inhouse, Outsourcing Facility
4) By Food Tested: Meat Poultry And Seafood, Processed Food, Dairy Products, Fruits And Vegetables, Cereals Grains And Pulses, Nuts Seeds And Spices, Other Food Tested
Subsegments:
1) By System: Automated Testing Systems, Point-of-Care Testing Systems, Laboratory Testing Systems
2) By Test Kits: Microbiological Test Kits, Chemical Test Kits, Allergen Test Kits
3) By Consumable: Reagents And Chemicals, Sample Collection Tools, Control Materials
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What Are the Primary Drivers Shaping the Food Diagnostics Market?
The growth of the food diagnostics market is anticipated to be spurred by the rising incidences of food adulteration. Food adulteration involves reducing food quality through the addition or replacement of food substances with undetectable secondary elements or by eliminating certain beneficial ingredients. Food diagnostics employs a scientific approach to determine the composition and quality of food products, particularly for identifying food adulteration where harmful or lower-grade components are incorporated into food items. Consequently, the surge in food adulteration cases amplifies the demand for food diagnostics techniques. For example, in January 2023, experts from the US-based Food and Drug Administration, an intergovernmental institution, approximated that food fraud impacts 1% of the worldwide food industry and incurs a cost of $10-$15 billion per annum, although some recent estimates indicate a figure as substantial as $40 billion per year. Thus, the escalating incidences of food adulteration contribute to the expansion of the food diagnostics market.
Which Companies Are Leading in the Food Diagnostics Market?
Major companies operating in 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., Biorex Food Diagnostics, Merck KGaA, QIAGEN N.V., ALS Limited, Intertek Group plc, Hygiena LLC, EnviroLogix Inc., AsureQuality Limited, Bruker Corporation, Covance Inc., EMSL Analytical Inc., Eurofins Scientific SE, FoodChain ID Pty. Ltd., Mérieux NutriSciences Corporation, Microbac Laboratories Inc., Romer Labs Division Holding GmbH, Charm Sciences Inc., SGS North America Inc., Silliker Inc., Symbio Laboratories Pty. Ltd., TÜV SÜD AG
What Are the Major Trends Shaping the Food Diagnostics Market?
The introduction of new products is a rising trend within the food diagnostics market. Key firms in this market are utilizing novel technologies to maintain their strategic positions. For example, in November 2023, Roche Holding AG, a Swiss healthcare firm, unveiled its qPCR system. This system, named lightcycler PRO, aspires to be the most advanced qPCR technology for both research and clinical diagnostic purposes. This cutting-edge qPCR system has been introduced to fulfill the needs of molecular diagnostics and address public health challenges. Roche, with this introduction, is demonstrating its commitment to the creation of cutting-edge diagnostic tools. It particularly focuses on molecular and point-of-care advancements, core laboratory systems, laboratory automation, and digital diagnostics of high medical value that are transforming patient care.
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What Are the Top Revenue-Generating Geographies in the Food Diagnostics Market?
Europe was the largest region in the food diagnostics market in 2024. The regions covered in the food diagnostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Food Diagnostics Market?
2. What is the CAGR expected in the Food Diagnostics Market?
3. What Are the Key Innovations Transforming the Food Diagnostics Industry?
4. Which Region Is Leading the Food Diagnostics Market?
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