Food Testing Kits: Market outlook
Increasing urbanization, market liberalization, growing per capita expenditure of the consumers, and foreign direct investment has led to the globalization of food trade. The globalization of food trade has resulted in greater diversity and availability of food products across the globe which has raised concerns regarding food safety, malnutrition, and diet-related chronic diseases. The increasing safety issues related to food has led to the growing demand for food testing kits. The food testing kits are used for applications including the analysis of the food chemistry like salt, sugar, PH level; food microbiology analysis, food allergen analysis, food toxin analysis, and food quality control determination to evaluate the quality and integrity of the food samples. The food testing kits are used to determine allergens, pathogens, GMO’s, meat species, mycotoxins, and others using technologies like Immunoassay-Based technology, PCR-Based technology, Enzyme Substrate-Based technology, and others. The food testing kits are used to check the samples of a large number of solid and liquid food samples to comply with the standard quality controls.
Increasing Food Borne Diseases and Growing Food Adulteration is Increasing Concern Regarding the Safety of Food Products, hence fuelling the Demand for Food Testing Kits
The globalization of food trade, increasing incidences of foodborne illnesses, growing demand for faster and reliable food test results, enactment of strict food safety regulations, and growing preference for on-site testing are anticipated to drive the growth for the food testing kits market. The increasing urbanization and per capita expenditure of consumers is leading to changing the dietary pattern and increasing demand for packaged and convenience food. The growing demand for packaged and convenience food is accompanied by rising concerns regarding food safety. Hence, the increasing concerns regarding foodborne diseases, malnutrition, and adulteration are anticipated to drive the growth for food testing kits market. Besides, stringent government policies and safety measures have also fuelled the demand for food testing kits. The food processing companies are preferring on-site food testing kits and equipment to test and measure the quality of their samples which is further escalating the demand for food testing kits.
Global Food Testing Kits: Market Segmentation
On the basis of target, the global food testing kits market has been segmented as-
- Meat Species
On the basis of food sample, the global food testing kits market has been segmented as-
- Dairy Products
- Fruits & Vegetables
- Meat, Poultry & Seafood Products
- Cereals, Grains & Pulses
- Seeds & Spices
- Packaged Food
On the basis of technology, the global food testing kits market has been segmented as-
- Enzyme Substrate-Based
On the basis of region, the global food testing kits market has been segmented as-
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
Global Food Testing Kits: Key Players
Some of the major players of food testing kits market include: Thermo Fisher, Agilent, Eurofins, bioMérieux, Neogen, PerkinElmer, Bio-Rad, QIAGEN, EnviroLogix, IFP Institut Für Produktqualität, Romer Labs, Millipore Sigma, and others.
Opportunities for Participants of Food Testing Kits Market:
The increasing food safety policies and regulation in developed regions and growing consumers concern regarding the safety and quality of food products are leading to the growing need and demand for the food testing kits. Europe and North America are anticipated to account for maximum share for the food testing kits market which is attributed to stringent government policies and regulatory bodies like U.S Food and Drug Administration and European Food Safety Authority (EFSA). In Europe, the food policies are broadly accentuated by the European Reference Laboratories (EURLs) and National Reference Laboratories (NRLs) to maintain food standards and to protect consumer health. Besides, the food testing kits market in North America and Europe is further driven by the presence of significant food safety testing companies such as Eurofins Scientific, SGS SA, and Intertek Group plc.
- Food Testing Kits Market Manufacturers Outlook:
The manufacturers of food testing kits and food safety testing company are continuously collaborating and investing for the advancement of testing technologies to aid conformity to various food safety rules and regulations. Besides, the manufacturers for food testing kits are updating their inventories with better and updated equipment and technologies to provide better and faster test results.
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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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