Global Food Safety Testing Equipment and Consumables Market Size To Grow USD 25.2 Billion By 2030
Category: Food & BeveragesThe Global Food Safety Testing Equipment and Consumables Market Size was USD 16,114 million in 2022, and it is predicted to increase at a CAGR of 7.6% during the forecast period, according to the new research study published by Spherical Insights & Consulting.
Food safety, a well-balanced diet, and food security are all linked. Unsafe food contributes to a vicious circle of infections and malnutrition, which disproportionately affects newborns, children, the elderly, and the sick. A healthy food supply not only helps to maintain food and nutrition security, but it also helps to boost national economies, trade, and tourism, all of which contribute to long-term development. Food safety is impacted by the world's rising population, climate change, and a fast-changing food system. The rising number of infectious diseases caused by food contamination, combined with increased awareness about food safety testing, has become the primary factor driving the market for food safety testing equipment and consumables. In the near future, the rapid growth of the food and beverage industry to meet customer expectations is expected to increase demand for food safety testing equipment. In addition, the expansion of the dairy industry has contributed to a rise in the demand for food pathogen testing. Strict government regulations, as well as a rapidly expanding food and beverage industry, are expected to propel market growth.
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This research report categorizes the market for food safety testing equipment and consumables based on various segments and regions and forecasts revenue growth and analysis of trends in each of the submarkets. The report analyses the key growth drivers, opportunities, and challenges that influence the Food Safety Testing Equipment and Consumables Market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included in order to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Food Safety Testing Equipment and Consumables Market.
Browse 51 market data tables and 47 figures spread through 263 pages and in-depth TOC on “Global Food Safety Testing Equipment and Consumables Market Size, Share, and COVID-19 Impact Analysis, By Type (Chromatography Systems, Mass Spectrometry Systems, PCR Equipment, Immunoassay Systems, Hybrid Systems, NMR Systems, and Flow Cytometry Systems), By Contaminant Type (Microbiological Analysis, Allergens Analysis, Pesticides & Fertilizers, Drugs And Antibiotics, Natural Toxins Analysis, and GMO Testing), By Food Type (Milk & Dairy Products, Grains, Fruits & Vegetables, Processed Food, Meat & Poultry, Sea Food, Cereals & Nuts, Beverages) and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Analysis and Forecast 2022 – 2030”, in detail along with the table of contents
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The Asia-Pacific market is expected to grow at the fastest CAGR between 2021 and 2028, owing to the rising processed food sector and increased focus on food safety, particularly in emerging economies such as China and India. Food is a large industry in the Asia-Pacific, and it is an important part of the region's economic growth potential. With ever-increasing degrees of national and international expertise, the food trading industry is booming. These changes have increased the demand for quality standards at all levels, with a greater emphasis on food safety, transparency, quality, and nutritional and health implications.
COMPETITIVE LANDSCAPE
Agilent Technologies, Inc., Thermo Fisher Scientific Inc., Shimadzu Corporation, PerkinElmer Inc., Bruker, QIAGEN, ROKA BIO SCIENCE, DuPont., 3M. are some of the most well-known players in the global Food Safety Testing Equipment and Consumables Market. These firms have used various growth strategies such as new product launches, expansion, agreements, mergers, and acquisitions to maintain a competitive market position in the globe. New product introduction is the most popular growth strategy, accounting for more than half of all growth strategies, followed by expansion.
Some of the Key Developments:
In August 2019, Agilent Technologies, Inc. announced the completion of its acquisition of Bio Tek Instruments, a global leader in the design, manufacture, and distribution of novel life science instrumentation.
In February 2019, Invisible Sentinel, a US-based company that specializes in food and beverage molecular testing, was acquired by Biomatrix.
TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Food Safety Testing Equipment and Consumables Market
Chapter 5. Global Food Safety Testing Equipment and Consumables Market Overview, By Offering, 2017 - 2030 (USD Million)
Chapter 6. Global Food Safety Testing Equipment and Consumables Market Overview, By Product, 2017 - 2030 (USD Million)
Chapter 7. Global Food Safety Testing Equipment and Consumables Market Overview, By Type, 2017 - 2030 (USD Million)
Chapter 8. Global Food Safety Testing Equipment and Consumables Market Overview, By Currency Type, 2017 - 2030 (USD Million)
Chapter 9. Global Food Safety Testing Equipment and Consumables Market Overview, By Geography, 2017 - 2030 (USD Million)
Chapter 10. North America Food Safety Testing Equipment and Consumables Market Overview, By Countries, 2017 - 2030 (USD Million)
Chapter 11. Europe Food Safety Testing Equipment and Consumables Market Overview, By Countries, 2017 - 2030 (USD Million)
Chapter 12. Asia Pacific Food Safety Testing Equipment and Consumables Market Overview, By Countries, 2017 - 2030 (USD Million)
Chapter 13. Middle East & Africa Food Safety Testing Equipment and Consumables Market Overview, By Countries, 2017 - 2030 (USD Million)
Chapter 14. South America Food Safety Testing Equipment and Consumables Market Overview, By Countries, 2017 - 2030 (USD Million)
Chapter 15. Competitive Landscape
Chapter 16. Key Vendor Analysis
Chapter 17. Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 18. Marketing Strategy Analysis, Distributors/Traders
Chapter 19. Market Effect Factors Analysis
Chapter 20. Future Outlook of the Market
Disclaimer
List of Figures
List of Tables
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Based on the Type, the Food Safety Testing Equipment and Consumables Market is categorized into Chromatography Systems, Mass Spectrometry Systems, PCR Equipment, Immunoassay Systems, Hybrid Systems, NMR Systems, and Flow Cytometry Systems. The Polymerase Chain Reaction (PCR) Equipment segment will account for the greatest revenue in the market due to the advantages of using PCR technology to test a wide range of pathogens such as Listeria spp., Salmonella spp., and others that are analyzed using quick PCR systems, depending on the system. When it comes to GMOs, the PCR technique gives flexibility in terms of detecting several pathogens within a run, as well as detecting multiple species within a single test (depending on Test).
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Based on region, the Food Safety Testing Equipment and Consumables Market is segmented into North America, Europe, Asia Pacific, South America and Middle East & Africa. North America is expected to be the largest market. This is mostly due to the region's significant penetration of processed foods and strict food laws. Food safety funding from the government should be increased, as should the implementation of strict food safety legislation in this region. Furthermore, the United States' Food Safety and Modernization Act has enhanced the acceptance of food testing solutions in the region's food business. The primary purpose of food safety standards and organizations such as the Canadian Food Inspection Agency is to eliminate foodborne pathogens by preventing contamination. According to the Centers for Disease Control and Prevention, foodborne illness affects 48 million individuals in the United States each year, resulting in 128,000 hospitalizations and 3000 deaths.
About the Spherical Insights & Consulting
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