The Global Food Safety Testing Equipment and Consumables Market Size is Expected to Grow USD 25.2 Billion by 2030
The global food safety testing equipment and consumables market size was USD 16,114 million in 2022, and it is expected to grow at a CAGR of 7.6% during the forecast period, according to the new study published by Spherical Insights & Consulting. Companies covered: Agilent Technologies, Inc., Thermo Fisher Scientific Inc., Shimadzu Corporation, PerkinElmer Inc., Bruker, QIAGEN, ROKA BIO SCIENCE, DuPont., 3M and others 20+ top tier key players we have covered in the final report. North America is expected to be the biggest market. This is mainly due to the region’s high penetration in processed foods and strict food laws.
New York, U.S., Nov. 09, 2022 (GLOBE NEWSWIRE) — The Global food safety testing equipment and consumables market size was USD 16,114 million in 2022, and it is expected to increase at a CAGR of 7.6% during the forecast period, according to the new study published by Spherical knowledge and tips. Food security, a balanced diet and food security are all linked. Unsafe food contributes to a vicious circle of infection and malnutrition, which disproportionately affects newborns, children, the elderly and the sick. A healthy food supply not only helps maintain food and nutrition security, but it also helps boost national economies, trade and tourism, all of which contribute to long-term development.
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Food security is impacted by increasing world population, climate change and a rapidly changing food system. The growing number of infectious diseases caused by food contamination, combined with increased awareness of food safety testing, has become the major driver of the food safety testing equipment and consumables market. In the near future, the rapid growth of the food and beverage industry to meet customer expectations is expected to increase the demand for food safety testing equipment. Additionally, the expansion of the dairy industry has contributed to an increase in demand for foodborne pathogen testing. Strict government regulations, along with an expanding food and beverage industry, are expected to propel the growth of the market.
This research report categorizes the Food Safety Testing Equipment and Consumables market based on various segments and regions and forecasts revenue growth and trend analysis in each of the submarkets. The report analyzes the key growth drivers, opportunities, and challenges influencing 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 of the market. The report strategically identifies and profiles leading market players and analyzes their core competencies in each sub-segment of the Food Safety Testing Equipment and Consumables market.
Browse 51 market data tables and 47 figures spread over 263 pages and in-depth table of contents 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 (analysis analysis, analysis of allergens, pesticides and fertilizers, drugs and antibiotics, analysis of natural toxins and GMO tests), by type of food (milk and dairy products, cereals, fruits and vegetables, processed foods, meat and poultry, fruits seafood, grains and nuts, beverages) and by region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Analysis and Forecast 2022 – 2030”, in detail with the table of contents.
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On the basis of 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 largest revenue in the market due to the benefits of using PCR technology to test a wide range of pathogens such as Listeria spp., Salmonella spp. and others that are analyzed using rapid tests. PCR systems, depending on the system. With respect to GMOs, the PCR technique offers flexibility in terms of detecting multiple pathogens within a run, as well as detecting multiple species within a single test (depending on the test).
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 biggest market. This is mainly due to the region’s high penetration in processed foods and strict food laws. Government funding for food security should be increased, as should the implementation of strict food security legislation in this region. Additionally, the US Food Safety and Modernization Act has improved the acceptance of food testing solutions in the region’s food industry. The primary goal of food safety standards and organizations like 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 people in the United States each year, resulting in 128,000 hospitalizations and 3,000 deaths.
Asia-Pacific market is expected to grow at the fastest CAGR between 2021 and 2028, driven by growing processed food sector and increased focus on food safety, especially in emerging economies such as China and India. Food is a big industry in the Asia-Pacific region and constitutes an important part of the region’s economic growth potential. With growing national and international expertise, the food trading industry is booming. These changes have increased the demand for quality standards at all levels, with greater emphasis on food safety, transparency, quality, and nutritional and health implications.
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Key companies and recent developments: The report also provides elaborate analysis focusing on current business news and developments, including product development, innovations, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and others. This helps to assess the overall competition in the market. Companies covered: Agilent Technologies, Inc., Thermo Fisher Scientific Inc., Shimadzu Corporation, PerkinElmer Inc., Bruker, QIAGEN, ROKA BIO SCIENCE, DuPont., 3M and others 20+ top tier key players we have covered in the final report.
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