Unlocking Opportunities in the Food Diagnostics Market: 2025-2034 Forecast Report

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What Will the Food Diagnostics Industry Market Size Be by 2025?
The growth of the food diagnostics market has been significant in the last few years. Expecting to expand from $18.51 billion in 2024 to $19.92 billion in 2025, it would follow a compound annual growth rate (CAGR) of 7.6%. Stringent food safety regulations, the globalization of food supply chains, increasing consumer demand for transparency, the rapid adoption of testing methods by the industry, and global food product trade, are some reasons that contributed to the growth during the historic period.

What's the Long-Term Growth Forecast for the Food Diagnostics Market Size Through 2029?
In the upcoming years, robust expansion is anticipated in the food diagnostics market size. It is predicted to reach a value of "$27.45 billion by 2029, with a compound annual growth rate (CAGR) of 8.3%. The projected growth during this period is due to factors such as emphasis on allergen detection, the need for portable and on-site diagnostics, the growing significance of traceability and microbial testing, as well as the expansion of the organic and natural food market. Key trends to watch during this period include the technological integration within the industry, digitization of food documentation, fast testing technologies, point-of-care diagnostics, enhancements in biosafety levels and the introduction of remote sensing technologies.

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What Are the Key Growth Drivers Fueling the Food Diagnostics Market Expansion?
The growth of the food diagnostics market is expected to be spurred by the rise in instances of food adulteration. Food adulteration involves the degradation of food quality through the addition or replacement of food substances with concealed substitutes, or the extraction of beneficial ingredients. Food diagnostics utilize scientific techniques to ascertain the content and quality of food products, aiding in the detection of food adulteration which typically takes place when substandard or harmful ingredients are added to food. Therefore, the surge in food adulteration cases escalates the need for food diagnostics. The Food and Drug Administration, a US-based intergovernmental organization, reported in January 2023 that food fraud, a type of food adulteration, impacts about 1% of the worldwide food industry, resulting in annual losses of $10-$15 billion dollars. More recent expert assessments, however, suggest the cost could be as high as $40 billion a year. These growing instances of food adulteration, therefore, play a critical role in the expansion of the food diagnostics market.

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What Are the Key Trends Driving Food Diagnostics Market Growth?
Product innovation is influencing the food diagnostics market. In November 2023, Switzerland-based Roche Holding AG launched the LightCycler PRO system, the latest in qPCR technology for both research and clinical diagnostics. It addresses public health challenges with advanced digital and molecular solutions.

How Is the Food Diagnostics Market Segmented?
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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Which Companies Are Leading the Charge in Food Diagnostics Market Innovation?
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

Which Regions Are Leading the Global Food Diagnostics Market in Revenue?
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

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