Food Diagnostics Market

[423 Pages Report] The global food diagnostics market is estimated to be valued at 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.

The demand for food diagnostic solutions has surged as consumers and regulatory bodies become more vigilant about food safety and quality. This market is characterized by a wide range of products, including systems, test kits, and consumables, each contributing significantly to its expansion. The growth can be attributed to the need for rapid and accurate detection of allergens, contaminants, pathogens, and adulterants in food products. One of the major factors driving the food diagnostics market is the globalization of the food trade. As the food supply chain extends across international borders, the need for robust diagnostic systems has grown exponentially. Food producers and exporters must comply with various food safety regulations and quality standards in different countries. This has led to increased adoption of advanced diagnostic tools to ensure that products meet diverse and often stringent requirements, fostering market growth.

However, alongside these opportunities, the food diagnostics market also faces challenges due to the differences in food safety and quality laws across countries. Navigating the complex regulatory landscape can be daunting for businesses, and harmonizing global food safety standards remains a significant challenge.

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Drivers: Increasing cases of food recalls

The rise in food recalls has been a major driver for the food diagnostics industry, spurred by concerns about food safety and consumer health. When contaminated or unsafe food products enter the market, the consequences can be severe, leading to illnesses, hospitalizations, and even fatalities. This heightened awareness of food safety issues has prompted both regulatory bodies and food manufacturers to invest in advanced diagnostic technologies. These technologies enable rapid and accurate detection of contaminants, pathogens, allergens, and adulterants, reducing the risk of tainted food reaching consumers. Furthermore, the financial and reputational costs associated with food recalls have incentivized companies to adopt cutting-edge diagnostic solutions to minimize the chances of such incidents, thereby fostering the growth of the food diagnostics market.

Restraints: Lack of basic supporting infrastructure in developing countries

In many developing countries of the world, the absence of adequate facilities, such as well-equipped laboratories and skilled personnel, poses a substantial hurdle to effective food diagnostics. The limited access to state-of-the-art testing equipment, diagnostic kits, and a reliable cold chain for sample transportation can impede the accurate and timely assessment of food safety, thereby increasing the risk of foodborne illnesses and outbreaks. Additionally, poor data collection and management systems hinder the surveillance and monitoring of foodborne pathogens. To address these challenges, investment in infrastructure, capacity building, and technology transfer is imperative, ensuring that the benefits of advanced food diagnostics reach even the most resource-constrained regions, ultimately safeguarding public health and global food supply chains.

Opportunities: Increased budget allocation and expenditure on food safety

Governments, regulatory bodies, and food industry stakeholders across the globe have recognized the critical importance of ensuring the safety and quality of the food supply chain. This recognition has resulted in a substantial upswing in investments in food safety measures, creating a fertile ground for innovation and growth within the food diagnostics market. The development and adoption of advanced technologies, such as DNA-based testing and rapid pathogen detection, have gained significant traction, enabling more precise and efficient monitoring of food products from farm to fork. Additionally, the growing c awareness regarding foodborne illnesses and demand for transparency by consumers in the food supply chain has further fueled the need for robust food diagnostics solutions, presenting a myriad of opportunities for companies to develop cutting-edge diagnostic tools and services. In this evolving landscape, the food diagnostics market is poised for substantial expansion, offering promising prospects for improved food safety and quality.

Challenges: Complexity in the quantification of test results

The demand for accurate and reliable food safety testing has surged, driven by increasing consumer awareness and stricter regulatory requirements. However, achieving precise quantification of contaminants, pathogens, and allergens in food products has proven to be a formidable task. Complex food matrices, such as dairy, meat, and processed foods, can interfere with traditional testing methods, leading to false positives or negatives. Moreover, the diversity of food samples, from raw ingredients to finished products, requires adaptable testing approaches. The dynamic nature of foodborne pathogens and emerging contaminants further exacerbates the challenge. Analytical techniques have had to evolve to keep pace with these complexities, leading to increased research and development costs and the need for highly skilled personnel. These challenges not only hinder the efficiency of food diagnostics but also have significant implications for public health and the global food industry's integrity. Addressing the quantification complexities in food diagnostics remains a top priority for researchers and industry professionals alike.

Food Diagnostics Market: Value Chain Analysis

Ecosystem Analysis

The market ecosystem for food diagnostics encompasses various stakeholders and components involved in the production, distribution, and end users of food diagnostics products. Various regulatory bodies are also involved in this market, and they are one of the significant stakeholders.

Ecosystem Map

Based on food tested, the meat, poultry, and seafood segment is estimated to account for the largest market share of the food diagnostics market.

Foodborne illnesses and contamination outbreaks are a recurring global concern, which often find their origin in these protein-rich categories. Ensuring the safety and quality of meat, poultry, and seafood is crucial to prevent widespread health hazards and maintain consumer confidence. Furthermore, meat, poultry, and seafood play a pivotal role in the food industry, contributing significantly to the market's revenue. As staples in diets worldwide, they command a substantial portion of consumer expenditure, making their quality and safety of utmost importance. Thus, monitoring these items for pathogens, allergens, chemical residues, and other contaminants is crucial for both consumer safety and the industry's economic stability.

Globalization of the food supply chain has made it necessary to address international regulations and standards. Compliance with stringent regulations, such as Hazard Analysis and Critical Control Points (HACCP), ISO standards, and national food safety guidelines, is mandatory for manufacturers and exporters. This has driven the need for advanced food diagnostics techniques in meat, poultry, and seafood.

Based on the testing type, the safety segment is anticipated to dominate as well as grow at the highest CAGR in the food diagnostics market.

The safety sub-segment is poised to dominate and experience the highest growth within the testing type segment of the food diagnostics market. Food safety testing is a critical component of the global food industry, ensuring that the products we consume are safe for human consumption. In recent times, it has become even more prioritized than food quality testing, given the increasing concerns over foodborne illnesses and outbreaks. Food safety testing involves various techniques to detect contaminants, pathogens, and chemical residues in food products, protecting consumers from potential health hazards. Contaminants, such as pathogens like Salmonella and E. coli, as well as chemical residues and allergens, can pose severe health risks. Hence, stringent regulatory requirements and increased awareness have propelled the demand for robust testing methods. Moreover, in the era of globalization and complex supply chains, food safety testing has gained prominence to prevent outbreaks, safeguard public health, and maintain the reputation of food manufacturers.

By site, the outsourcing facility segment is estimated to dominate as well as grow at the highest CAGR in the food diagnostics market.

Outsourcing facilities refer to third-party laboratories and testing centers that food manufacturers and distributors contract to conduct food safety and quality assessments, instead of relying on in-house testing. Outsourcing facility offers cost-effective solutions for businesses. Establishing and maintaining an in-house testing facility demands significant capital investment, technical expertise, and ongoing operational costs. Outsourcing allows companies to save on these expenditures and allocate resources more efficiently. Additionally, the complexity of food safety regulations and standards has grown significantly in recent years. Outsourcing facilities specialize in staying up-to-date with these evolving regulations and can provide expertise that is often challenging to maintain inhouse. This ensures that food products are compliant with stringent requirements.

Moreover, outsourcing enhances flexibility and scalability. Food manufacturers can adapt to fluctuations in demand by adjusting the scope of testing services as needed, without the constraints of in-house capabilities. As food safety remains a paramount concern for consumers and regulatory bodies, the convenience, cost-efficiency, and specialized expertise offered by outsourcing facilities make them a preferred choice, thus fueling their substantial growth within the food diagnostics market.

Asia Pacific is estimated to grow at the highest CAGR in the global food diagnostics market.

Asia Pacific region is experiencing a significant population expansion, urbanization, and a rise in disposable income. The region's rapidly growing population, particularly in countries like China and India, has led to increased food consumption. With this upsurge in demand, the need for effective food safety and quality testing has become paramount. As more people migrate to urban centers, the demand for processed and packaged foods is increasing. This burgeoning demand for food products necessitates stringent quality control and safety measures, which are driving the growth of the food diagnostics market.

Furthermore, the food supply chain in the Asia Pacific is becoming increasingly complex, with globalization and the expansion of international trade. This complexity necessitates comprehensive testing and monitoring throughout the supply chain, from farm to fork. As a result, food diagnostics solutions are gaining importance in ensuring the safety and quality of products.

Key Market Players

Bio-Rad Laboratories Inc. (US), Thermo Fisher Scientific Inc. (US), Shimadzu Corporation (Japan), Neogen Corporation (US), BioMerieux (France), Agilent Technologies Inc. (US), Merck KGaA (Germany), QIAGEN (Germany), Bruker (US), and Danaher (US) are among the key players in the global food diagnostics market. To increase their company's revenues and market shares, companies are focusing on launching new products, developing partnerships, and acquiring other companies. The key strategies used by companies in the food diagnostics market include geographical expansion to tap the potential of emerging economies, strategic acquisitions to gain a foothold over the extensive supply chain, and new product launches as a result of extensive research and development (R&D) initiatives.

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Scope of the Report

Food Diagnostics Market:

By Type

• Systems
• Test Kits
• Consumables

By Testing Type

• Safety
• Quality

By Site

• Outsourcing Facility
• Inhouse

By Food Tested

• Meat, poultry, and seafood
• Dairy products
• Processed food
• Fruits & vegetables
• Cereals, grains, and pulses
• Nuts, seeds, and spices
• Other food tested

By Region

• North America
• Europe
• Asia Pacific
• South America
• Africa
• Middle East

Recent Developments

• In June 2023, Agilent Technologies, Inc. (US) introduced the 6495 triple quadrupole LC/MS system, designed specifically to cater to the needs of research and testing laboratories dealing with high-volume sample processing. Utilizing state-of-the-art iFunnel technology, this system achieves exceptional sensitivity with remarkably low detection limits, even when dealing with challenging analytes in complex sample matrices like omics, food, and environmental samples. Importantly, it maintains precision by utilizing sub-millisecond dwell times. This system effectively addresses the increasing demand for precise food safety and quality control measures, positioning Agilent as a prominent player in the market and reinforcing its reputation as a reliable provider of cutting-edge analytical instruments for food analysis and diagnostics.
• In September 2022, Neogen Corporation (US) successfully completed its merger with 3M's (US) Food Safety business, marking a significant step in creating a pioneering presence in the food safety industry. The merger's primary objective is to leverage the prevailing trends in sustainability, food safety, and supply chain integrity. This strategic union has empowered Neogen Corporation with an expanded geographical reach, an array of innovative product offerings, enhanced digital capabilities, and greater financial flexibility within the realm of food diagnostics.
• In May 2022, Thermo Fisher Scientific Inc. (US) formed a strategic partnership with LabShares Newton (US) to bolster the Boston biotech ecosystem. This collaboration aims to supply cutting-edge instruments, laboratory equipment, and essential consumables to support emerging life sciences companies in their pursuit of advancing drug discovery. Thermo Fisher Scientific Inc. will furnish fully equipped laboratory spaces, offer comprehensive services, and provide necessary equipment to more than 25 biotech firms, streamlining the process of bringing innovative therapeutics to market. The shared laboratory space will be outfitted with crucial tools, such as microscopes and PC instruments. This cooperation not only offers biotech companies access to state-of-the-art equipment but also allows Thermo Fisher Scientific Inc. to gain valuable insights into the changing requirements and challenges of the food diagnostics market. By establishing closer relationships with early-stage life sciences firms involved in food safety research and development, Thermo Fisher Scientific Inc. can further enhance its understanding of this field.

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