The Food Diagnostics Global Market Report 2023, provides comprehensive information on the food diagnostics market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Food Diagnostics Global Market Report 2023, the global food diagnostics market size is expected to grow from $15.94 billion in 2022 to $17.19 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The food diagnostics market size is expected to reach $23.02 billion in 2027 at a CAGR of 5.6%.
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Product innovation is a key trend gaining popularity in the food diagnostics market. Major companies operating in the food diagnostics market are adopting new technologies to sustain their position in the market. For instance, in October 2020, Neogen Corporation, a US-based food safety company, launched Reveal 3-D Food Buffer, a new food extraction method. This novel method gives their 3-D test users more flexibility by expanding test capabilities to include direct testing of food products, and it has been verified on a wide range of food matrices. This method is applicable to all allergies and product kinds, and it employs a representative sampling protocol, which ensures confidence of results. The approach is simple to implement with Reveal 3-D detection limits.
The food diagnostics market 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
Europewas the largest region in the food diagnostics market in 2022.
The table of contents in TBRC’s food diagnostics market report includes:
1. Executive Summary
2. Food Diagnostics Market Characteristics
3. Food Diagnostics Market Trends And Strategies
4. Food Diagnostics Market – Macro Economic Scenario
5. COVID-19 Impact On Food Diagnostics Market
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26. Africa Food Diagnostics Market
27. Food Diagnostics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Food Diagnostics Market
29. Food Diagnostics Market Future Outlook and Potential Analysis
30. Appendix
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