FOOD DIAGNOSTICS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
The global food diagnostics market has been witnessing significant growth over the past few years. Rising demand for fast and accurate testing of food samples to ensure food safety and quality has driven major diagnostics companies to invest in developing innovative solutions. Furthermore, growing international food trade and stringent food safety regulations in various countries have boosted the need for advanced analytical tools and technologies in the food industry. Various diagnostic techniques such as chromatography, microbiology culture, PCR, and immunoassays are commonly utilized to detect pathogens, toxins, GMOs, meat speciation, residues and allergens in food samples. Looking ahead, increasing health consciousness among consumers and greater focus on testing of raw materials as well as finished food products are expected to support ongoing expansion of the food diagnostics market in the coming years.
Market Dynamics:
The global food diagnostics market is driven by factors such as growing incidence of foodborne disease outbreaks, rising food trade activities, and stringent food safety regulations mandated by regulatory bodies worldwide. Moreover, increasing utilization of diagnostics for testing of raw materials, processed foods, and end products by food processing companies shields them from potential losses arising from product recalls. However, high costs associated with instruments and assays hamper the market growth. On the flip side, emerging economies offer lucrative opportunities for major players on account of rising health expenditure and improving diagnostic infrastructure in developing countries. In addition, market players are consistently focusing on development of portable, affordable and rapid diagnostics technologies to accelerate the food testing process, thereby offering new revenue streams in the foreseeable future.
Key Features of the Study:
Detailed Segmentation:
Table of Contents
*Browse 32 market data tables and 28 figures on 'Global Food Diagnostics Market' - Global forecast to 2031
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