Governments around the world have been decisively pursuing progressive endeavours to maintain optimum levels of safety and hygiene in food products. Concerns around serious food-borne diseases and fear of novel virus strains are propelling the private and public sectors to enhance food safety measures. As a result, future-facing strategies are being devised for the food and beverages industry. At the same time, rigorous innovation in food testing, diagnostics, and quality is also becoming a priority agenda for food manufacturers and producers. Against this backdrop, the global food diagnostics market is poised to witness technology-driven growth, creating headways for revenue generation, MA, and open innovation. In the coming years, meat-based products and seafood will draw greater adoption of sophisticated food diagnostics technologies amid their growing global consumption. Furthermore, multiple types of testing methods are expected to attract strong demand, such as test kits, consumables, and systems.
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Food Diagnostics Solutions Witness High Adoption amid Concerns Around Food Safety
Food consumption has been rapidly rising across developed and developing economies. This can be attributed to an increase in the global population and a steady rate of urbanisation. The demand for better food quality is also gaining momentum, especially as consumers express concerns about foodborne diseases and food safety. As a result, these developments are expected to steer the expansion of the food diagnostics market, encouraging key market players to strengthen product differentiation efforts. Given this demand for high-quality food, the adoption of advanced food testing methods, such as microbiological testing and chemical analysis, is witnessing positive trends. In the near future, progressive legislation in favour of food diagnostics is expected to support safety compliance. The cumulative force of these factors is set to unleash novel business opportunities in the food diagnostics market.
Strong Pursuit of Advanced Food Diagnostics Methods Gives Way to Innovation
As concerns around food safety continue to increase, leading vendors and manufacturers in the food diagnostics market are predicted to engage in next-level innovation to enhance food safety. In the coming years, the market is set to focus on contamination prevention, developing superior hygiene practices, and robust food testing. In this context, market players are developing improved, user-friendly, and cost-effective diagnostics kits for efficient monitoring of food samples. Moreover, PCR assays, culture-independent diagnostics, whole-genome sequencing, and antigen-based diagnostics are gaining popularity to better identify the cause of foodborne diseases. With the growing shift toward automated testing and the strong adoption of advanced food diagnostics methods, revenue generation is expected to increase in the food diagnostics market.
Supportive Food Safety Legislations in Europe Create Prospects for Market Growth
It is predicted that Europe will command the largest revenue share in the global food diagnostics market. In this region, promising government support for regulations on food testing, the presence of a proactive public healthcare sector, and strong commitments to prevent foodborne diseases are set to be the foremost growth drivers. Moreover, the private sector in Europe is playing an essential role in developing advanced food diagnostics methods, giving ample innovation opportunities to industry leaders. All these factors are projected to create sustainable growth across Europe’s food diagnostics market.
Major Market Players
Key players in the food diagnostics market include PerkinElmer Inc. (US), Shimadzu Corporation (Japan), Biorex Food Diagnostics (UK), Danaher Corporation (US), Neogen Corporation (US), and Bio-Rad Laboratories, Inc. (US).
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