The food testing kits global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Food Testing Kits: Ukraine-Russia War Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The food testing kits market size has grown rapidly in recent years. It will grow from $2.84 billion in 2023 to $3.14 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to food safety concerns, regulatory compliance, consumer awareness, globalization of the food supply chain, foodborne outbreaks.
The food testing kits market size is expected to see rapid growth in the next few years. It will grow to $4.72 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to clean label and non-gmo verification, faster testing methods, regulatory stringency, customization and multiplexing, food industry investment. Major trends in the forecast period include traceability and blockchain technology, allergen detection, pathogen detection, smart and connected testing devices, mycotoxin detection.
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Scope Of Food Testing Kits: Ukraine-Russia War Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Food Testing Kits: Ukraine-Russia War Market Overview
Market Drivers –
The rising cases of food-borne illness is expected to propel the growth of the food testing kits market in the coming years. The term food-borne illness is a condition induced by intake of contaminated food or drink. Food testing kits can be of great use to reduce the chances of ingesting contaminated food and hence, reducing food-borne illnesses. According to the Foodborne Diseases Active Surveillance Network (FoodNet), a US-based organization that provides food safety policies, in the United States in 2022, there will be 25,479 instances of foodborne disease, 5,981 hospitalizations, and 170 deaths caused by eight pathogens. The surge in food-borne illness has led to increased focus on food safety for people, thereby contributing to the growth of the food testing kits market.
The food testing kits market covered in this report is segmented –
1) By Technology: PCR-based, Immunoassay-based, Enzyme Substrate-based
2) By Target Tested: Pathogens, Meat Species, GMOs, Allergens, Mycotoxins, Other Target Tested
3) By Sample: Meat, Poultry, And Seafood, Dairy Products, Packaged Food, Fruits and Vegetables, Cereals, Grains, and Pulses, Nuts, Seeds, and Spices, Other Samples
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Regional Insights –
North America was the largest region in the food testing kits market in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the food testing kits market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the food testing kits market include Agilent Technologies Inc., Bio-Rad Laboratories Inc., bioMérieux SA, EnviroLogix Inc., Eurofins Scientific SE, Merck KGaA (Merck Millipore), Neogen Corporation, PerkinElmer Inc., QIAGEN N.V., Romer Labs Inc., Thermo Fisher Scientific Inc., Danaher Corporation, Erber Group, DNA Diagnostic A/S, Elabscience Biotechnology Co. Ltd., Creative Diagnostics, SGS SA, Intertek Group plc, AES Laboratories Pvt. Ltd., TÜV NORD GROUP, Bureau Veritas, ALS Limited, AsureQuality, Luminex Corporation, Randox Laboratories Ltd., Hygiena LLC, Charm Sciences Inc., Bruker Corporation, FOSS A/S, IDEXX Laboratories Inc.
Table of Contents
1. Executive Summary
2. Food Testing Kits: Ukraine-Russia War Market Report Structure
3. Food Testing Kits: Ukraine-Russia War Market Trends And Strategies
4. Food Testing Kits: Ukraine-Russia War Market – Macro Economic Scenario
5. Global Food Testing Kits Market Size and Growth
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31. Global Food Testing Kits Market Competitive Benchmarking
32. Global Food Testing Kits Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Food Testing Kits Market
34. Food Testing Kits Market Future Outlook and Potential Analysis
35. Appendix
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