The Food and Beverage Testing Kits Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Food and Beverage Testing Kits Global Market Report 2024, The food and beverage testing kits market size has grown strongly in recent years. It will grow from $20.33 billion in 2023 to $21.76 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to stringent regulations, public health incidents, industry standards and certifications, consumer awareness and demand, manufacturer and supplier compliance.
The food and beverage testing kits market size is expected to see strong growth in the next few years. It will grow to $30.02 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to data management and analytics, cost and efficiency improvements, rapid response capabilities, supply chain management, industry collaboration and standards. Major trends in the forecast period include remote monitoring and iot integration, emerging contaminants detection, sustainability and green testing methods, microbiological testing advancements, blockchain integration for traceability.
The rising incidence of infectious diseases is increasing the demand for testing services, thus driving the food and beverage testing kits market. Unsafe food or beverages can carry harmful bacteria, chemicals, or substances, which can lead to various infectious diseases. With the help of testing devices, the quality of the food or beverage can be checked to ensure the safety of the consumer. According to the World Health Organization (WHO), close to 600 million people, around 1 in every 10 people, fall sick after the consumption of contaminated food, and close to 420000 people die due to such consumption. These rising incidences of infectious diseases due to contaminated food are expected to increase the demand for testing devices and drive the food and beverage testing kits market during the forecast period.
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The food and beverage testing kits market covered in this report is segmented –
1) By Product: Consumables, Equipment
2) By Technology: Traditional, Rapid
3) By Contaminants Type: Pathogens, GMO’s, Pesticides, Toxins
4) By Application: Meat, Poultry, Seafood, Dairy, Processed Foods, Fruits And Vegetables
The latest trend in the food and beverage testing kits market is the introduction of forwarding laser light scatter technology. Forward laser light scatters (FLLS) can be used to measure bacterial growth in food and beverage products for an early determination of antimicrobial susceptibility. This technology works by using a laser light source to measure a liquid sample’s optical density (OD). The FLLS system can obtain results in about 6 hours for fast-growing microorganisms and can take up to 18 hours for slower-growing organisms. The high speed and accuracy of this technology are useful in clinical use for expediting testing results, thereby improving the choice of suitable antimicrobial treatment, and supporting processes. Institutes such as Hettich, MIT and Purdue University, St. Jude are using and studying this technology for a better understanding and to increase the accuracy of identifying the pathogens.
The food and beverage testing kits market report table of contents includes:
1. Executive Summary
2.Food and Beverage Testing Kits Market Characteristics
3.Food and Beverage Testing Kits Market Trends And Strategies
4.Food and Beverage Testing Kits Market analysis
5. Food and Beverage Testing Kits Market Size And Growth
6.Food and Beverage Testing Kits Segmentation
7.Food and Beverage Testing Kits Regional And Country Analysis
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27.Food and Beverage Testing Kits Competitive Landscape And Company Profiles
28.Food and Beverage Testing Kits Key Mergers And Acquisitions
29. Food and Beverage Testing Kits Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Berkshire Hathaway Inc.
- Starbucks Corporation
- Compass group PLC
- McDonald’s Corporation
- Aramark corporation
- Sodexo
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