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CHICAGO, March 27, 2024 (Globe Newswire) — food diagnostic market Refers to industries involved in the development, production, and distribution of diagnostic tools and technologies used in the food industry. These tools are designed to ensure food safety and quality by detecting contaminants, pathogens, allergens, and other undesirable substances. Food diagnostics includes a wide range of techniques such as molecular diagnostics, immunoassays, chromatography, and spectroscopy. The global food diagnostics market is estimated to be USD 16.2 billion in 2023 and is projected to reach USD 23.5 billion by 2028, at a CAGR of 7.7% from 2023 to 2028.
This market plays an important role in protecting public health, enabling food manufacturers, processors, and regulators to identify and mitigate potential risks in the food supply chain. With increasing concerns about food safety and regulatory standards around the world, the food diagnostics market continues to grow due to technological advancements, strict regulations, and increasing consumer awareness.
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Growth drivers of the food diagnostics market
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Strict food safety regulations: Governments around the world are introducing stricter regulations to ensure food safety and quality. Compliance with these regulations necessitates the use of advanced diagnostic technologies, driving market growth.
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Increased incidence of food poisoning: Increasing awareness of food poisoning and foodborne illness outbreaks has increased the demand for effective diagnostic solutions. Food diagnostics help identify pathogens and contaminants, allowing timely intervention to prevent disease outbreaks.
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Globalization of food trade: The expansion of international food trade has increased the need for standardized testing methods to ensure consistency and compliance with regulatory requirements across borders, driving the adoption of food diagnostics.
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Advances in technology: Continuous innovation in diagnostic technologies such as PCR, immunoassays, biosensors, and rapid tests are increasing the accuracy, sensitivity, and speed of food testing, thereby driving market growth.
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Consumer awareness and demand for quality: Increasing consumer interest in food safety and quality is driving demand for transparent and trustworthy food. Food diagnostics reassures consumers about the safety and authenticity of the products they consume, thereby driving market growth.
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The advent of food allergen testing: With the prevalence of food allergies and intolerances, the demand for food allergen testing solutions is increasing. This field of food diagnostics is experiencing significant growth due to increased regulatory oversight and increased consumer awareness.
North America is estimated to hold a major share in the global food diagnostics market
Strict food safety regulations and their unwavering enforcement in the North American region have helped drive the demand for advanced food diagnostic technologies. Regulatory bodies such as the FDA in the United States and the CFIA in Canada are continually advocating for stricter monitoring and testing protocols, effectively forcing the introduction of cutting-edge food diagnostic solutions. Our unwavering commitment to ensuring food safety and quality puts North America at the forefront of this rapidly growing industry.
Additionally, North American consumers have become increasingly aware of food safety issues and are placing increasing emphasis on healthy eating. This recognition creates an urgent need to increase transparency in the food supply chain. Consumers are paying more attention to the origin, quality and safety of their food than ever before. As a result, the market for food diagnostic services is experiencing significant growth as they can provide consumers with the assurance and peace of mind they seek when making food choices.
Top companies in the food diagnostics market
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Bio-Rad Laboratories (USA)
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Thermo Fisher Scientific (USA)
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Shimadzu Corporation (Japan)
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Neogen (USA)
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bioMerieux (France)
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Agilent Technologies (USA)
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Merck KGaA (Germany)
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QIAGEN (Germany)
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Bruker (USA)
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Danaher (USA)
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Food diagnostic market segmentation
By type
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system
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test kit
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consumables
By test type
By site
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outsourcing facility
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Inside the company
Food tested
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meat, poultry, seafood
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dairy products
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processed food
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fruits and vegetables
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cereals, grains, legumes
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nuts, seeds and spices
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Other foods have also been tested
By region
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North America
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Europe
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Asia Pacific
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south america
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Africa
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middle east
See related reports:
food safety inspection market
Water market microbial testing
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