Food Diagnostics Systems Market

Global Food Diagnostics Systems Market: Overview

Ensuring the quality and safety of processed food products is of paramount importance in the food and beverages sector. Increasing instances of intentional, as well as unintentional adulteration have propelled the demand in global food diagnostics systems market. The players in the global food diagnostics systems market offer various solutions and equipment to test food products for various pathogens, chemical contaminants, microbial contaminants, adulterants, residues of pesticides, and heavy metals. These products are also used to detect the presence of any unpermitted antibiotics, colors, or additives in the food.

Solutions in the global food diagnostics systems market are used for testing various types of food products, including processed food products, fruits and vegetables, nuts, seeds, spices, meat, poultry, seafood, dairy products, cereals, pulses, and grains, among others. Increasing need to bolster customer confidence in food safety is supplementing the growth of global food diagnostics systems market. Furthermore, the rising need to reduce healthcare costs is also boosting the demand within the market.

Global Food Diagnostics Systems Market: Major Trends and Drivers

Rising instances of food-borne disease outbreaks, growing instances of food recalls, and increase in the international food trading activities are some of the key drivers for the expansion of global food diagnostics systems market. Additionally, the increasing awareness amongst consumers about food quality and safety is also augmenting the development trajectory of the market. It is also anticipated that the growth in global food diagnostics systems market will be driven in coming years by the rising number of initiatives started by government regulatory authorities to enhance food safety around the world. Moreover, rising demand for rapid testing technologies is fueling the growth of the global food diagnostics systems market.

However, dearth of basic supportive infrastructure in a number of emerging economies may hamper the growth of global food diagnostics systems market in near future. Furthermore, high cost associated with rapid diagnostic technologies is also a major barrier for the expansion of the market. Rise in the number of false labeling cases is also restraining the market’s growth. On the other hand, the focus of market players on innovating testing technologies is anticipated to bode well for the development of global food diagnostics systems market in coming years.

Global Food Diagnostics Systems Market: Key Players and Manufacturers

A few of the key companies functional in the global food diagnostics systems market are Thermo Fisher Scientific, Inc., Danaher Corporation, Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., Foss, Randox Diagnostics, 3M, PerkinElmer Inc., Shimadzu Corporation, bioMerieux SA, Neogen Corporation, and Biorex Food Diagnostics, among others. Players in the global food diagnostics systems market adopt various growth strategies, including mergers and acquisitions, strategic partnerships, and new product launches.

For instance, a key provider for molecular diagnostic assay technologies from Germany, Qiagen, was acquired by Thermo Fisher Scientific, Inc., in March of 2020. This move will help Thermo Fisher Scientific in expanding their portfolio of food safety testing solutions.

Global Food Diagnostics Systems Market: Regional Assessment

In the recent past, Europe accounted for a considerable share of the global food diagnostics systems market. This trend can be attributed to the presence of strict regulations and standards implemented by regional authorities. Furthermore, increasing instances of meat product contamination in the United Kingdom, as well as the foodborne outbreaks in Spain, are also supplementing the growth of this market. It is also anticipated that the rise in the number of cases of border rejection may create new opportunities for development of Europe food diagnostics systems market.

North America food diagnostics systems market is also projected to witness considerable growth in coming years, owing to the presence of well-established and booming food and beverage companies. Other notable drivers include rising demand for processed food products, changing eating habits of consumers, and rapid adoption of new and advanced technologies in the region.