How Has The Food Diagnostics Market Size Evolved In Recent Years?
The food diagnostics market has seen considerable growth due to a variety of factors.
•The size of the food diagnostics market has witnessed significant growth in the past years. The market, which was estimated at $18.51 billion in 2024, is projected to increase to $19.92 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.6%.
The historical growth of this market is linked to factors such as strict food safety guidelines, the globalization of food supply chains, the consumers' need for transparency, the industry's preference for swift testing procedures, and the worldwide trading of food products.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global Food Diagnostics Market?
The food diagnostics market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of food diagnostics is anticipated to experience robust growth in the forthcoming years, expected to rise to $27.45 billion by 2029, with a compound annual growth rate (CAGR) of 8.3%.
The projected growth during this period can be credited to a variety of factors including focus on detecting allergens, increasing demand for on-site and portable diagnosis, the climbing significance of traceability and microbial testing, and the expansion of the organic and natural food sector. The forecast period is likely to see key trends like the convergence of technology in the sector, digitization of food records, the emergence of rapid testing methods, introduction of point-of-care diagnostics, enhancements in biosafety levels, and the application of remote sensing technologies.
Which Drivers Are Accelerating Growth In The Food Diagnostics Market?
The food diagnostics market's growth is expected to surge due to the rising instances of food adulteration. The term food adulteration refers to the lower quality of food caused by the addition or substitution of hidden, alternate elements, or the elimination of beneficial components. Food diagnostics uses scientific methods to ascertain the content quality of food items, showcasing whether the food has been adulterated, which occurs when substandard or harmful ingredients are added to food items. This leads to a growing demand for food diagnostics with the surge in food adulteration cases. For instance, in January 2023, the Food and Drug Administration, a US intergovernmental organization, reported expert estimates that food fraud impacts 1% of the worldwide food sector and carries costs of $10-$15 billion annually. However, newer expert estimates suggest potential costs being as great as $40 billion annually. As a result, the escalating instances of food adulteration are fuelling the expansion of the food diagnostics market.
What Are The Core Segments Of The Global Food Diagnostics Market?
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 Emerging Trends Are Reshaping The Food Diagnostics Market Size?
The trend of product innovation is on the rise in the food diagnostics market. Leading companies in the sector are embracing novel technologies to maintain their market dominance. For instance, Roche Holding AG, a healthcare firm based in Switzerland, introduced a qPCR system in November 2023 called the lightcycler PRO system. This system represents the latest advancements in qPCR technology for both research and clinical diagnostics and is designed to address the needs of molecular diagnostics and tackle public health issues. Roche's launch demonstrates its commitment to advancing diagnostic solutions, with a focus on molecular and point-of-care solutions, primary lab systems, laboratory automation, as well as digital and high-value medical diagnostics that are transforming patient care.
Who Are the Key Players in the Food Diagnostics Market?
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
What are the Regional Insights into the Food Diagnostics Market?
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
