Food Diagnostics Market Set to Grow at 7.1% CAGR to 2023 – Driven by Processed Foods, Dairy Products

Food diagnostics market driven by factors like an increase in outbreaks of food borne illnesses, globalization in food trade, stringent food safety regulations, adoption of advanced technologies. Research study provides anticipated growth rate, share, size of segment have been included in scope of research.

Pune, India - April 9, 2019 /MarketersMedia/ —

The food diagnostics market is projected to grow from US$ 12.1 billion in 2018 to US$ 17.1 billion by 2023, at a CAGR of 7.1% during the forecast period. This is attributed to the increasing incidence of food borne illness, globalization in food trade, and the rise in demand for efficient, reliable, and real-time food testing. Governments have put various regulations in place for consumers, producers, and regulators.

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The global market for food diagnostics systems has been divided on the basis of geography in order to offer a strong understanding of the overall market. Asia Pacific is projected to be food diagnostics market report is the fastest-growing market due to the higher adoption of new technologies with an increasing number of food borne illnesses. The growth of the market in this region is driven by various rules & regulations implemented in different countries.

The study covers the food diagnostics market across segments. It aims at estimating the market size and growth potential across different segments such as food tested, type, type of test, and region. The study also includes an in-depth competitive analysis of the key players in the market; along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

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Food security standards are increasingly becoming stringent to ensure safer supply of food to individuals in local and foreign countries. Study includes an in-depth competitive analysis of these key players in food diagnostics market, with their company profiles, recent developments, & key market strategies. PCR & microarray systems have become a powerful tool for food analysis due to their high analytical precision, user-friendly procedures, and accurate output in food diagnosis.

Food diagnostics market comprises major manufacturers such as 3M Company (US), Merck KGAA (Germany), Thermo Fisher Scientific Inc. (US), Biomerieux SA (France), Danaher Corporation (US), Bio-Rad Laboratories Inc. (US), Neogen Corporation (US), Biorex Food Diagnostics (UK), Randox Food Diagnostics (UK), FOSS (Denmark), Hygiena LLC (US), Agilent Technologies Inc. (US), Qiagen (Germany), GEN-IAL GmbH (Denmark), and Envirlogix Inc. (US).

The Food Safety and Inspection Service (FSIS) has framed regulations to control the contamination of meat & poultry products in slaughterhouses and processing plants, based on the HACCP food safety control system. Additionally, hybridization-based systems are most preferred diagnostics systems for detection and quantification of foodborne pathogens.

Access More Details on “Food Diagnostics Market by Type (Systems and Consumables), Type of Test (Safety and Quality), Food Tested (Meat, Poultry, & Seafood, Dairy products, Processed Foods, Cereals & grains, and Fruits & Vegetables), and Region-Global Forecast to 2023” Report at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1913492 .

Among foods tested, the market is estimated to be dominated by the meat, poultry, and seafood segment in 2018. The contamination of meat & poultry products is often observed during processing, packaging, and storing.

Key Benefits of Buying the Report
A major factor that drives the growth of the seafood testing products market is the high demand for seafood products such as crustaceans, shrimp, crabs, lobsters, tuna, marlin, and swordfish, due to their nutritional values such as the presence of omega fatty acids and other essential nutrients.

The report will also help the stakeholders to understand the pulse of the market and will provide them with information on key market drivers, restraints, challenges, and opportunities.

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