Increase in food contamination leading to rising prevalence of diseases with the rising concern of consumers regarding food safety are the prime factors driving the food safety equipment & consumable market growth. Growing food & beverage industry results in increased tests and R&D for food safety is expected to fuel the market growth in the forecasting period. Moreover, the growing dairy industry leads to a rising demand for pathogen testing is directly boosting the market growth. In addition to this, favorable governmental norms on mandating food safety & labeling are fueling the market growth.
BY TYPE, POLYMERASE CHAIN REACTION (PCR) EQUIPMENT DOMINATED THE SEGMENT
In 2017, Polymerase Chain Reaction (PCR) Equipment led the segment owing to its rising installation for detection of various microbes & pathogen present in the food sample is driving the segment growth. Polymerase Chain Reaction (PCR) equipment is anticipated to grow up to USD XX.X MN by end of 2024.
MICROBIOLOGICAL ANALYSIS LED THE SEGMENT
By contamination, microbiological analysis dominated the segment owing to the increasing number of microbial attacks coupled with rising demand of fast, accurate and sensitive microbial detection equipment are the prime factors fueling the segment growth. By 2024, microbiological analysis is expected to reach USD XX.X MN.
MEAT & POULTRY LED THE APPLICATION SEGMENT
Application in meat & poultry dominated the segment owing to rise in consumption of meat & meat products worldwide which require safety & hygiene monitoring equipment are the factors driving segment growth. By 2024, meat & poultry sector is expected to reach up to USD XX.X MN.
NORTH AMERICA LED THE REGIONAL MARKET
In 2017, North America dominated the regional market owing to stringent food testing norms followed by technological advancement is driving the regional market. As per the analysis, North America is expected to reach USD XX.X MN by end of the year 2024. The shift of consumers’ preference towards processed food is another factor driving market growth.
KEY PLAYERS OF THE SEGMENT
3M Company, Agilent Technologies, Inc., AMETEK, Inc., BioMerieux SA, Bio-Rad Laboratories, Inc., Bruker Corporation, Charm Sciences, Inc., Danaher Corporation, E. I. du Pont de Nemours and Company, ELISA Technologies, Inc., Foss A/S, Idexx Laboratories, Inc., Neogen Corporation, Perkin Elmer, Inc., Qiagen N.V, Roka Bioscience, Shimadzu Corporation, Thermo Fisher Scientific, Inc., Waters Corporation are the key players of the food safety equipment & consumable market.
As per this study, the Global Food Safety Testing Equipment And Consumable Market was valued USD XX MN (by revenue) in 2022 and is anticipated to reach USD XX MN by 2030 with a CAGR of XX%.
Food safety testing is a method of performing development works, handling and storing the prepared food to prevent foodborne illness. Improper food testing can upsurge the risk of food poisoning and other foodborne sicknesses. In the recent past, there have been several serious, high-profile foodborne illness outbreaks in the world. The rising concerns about the food-borne diseases due to contamination of food with pathogens and other detrimental factors have set up continuous development of the food safety tests at different heights.
Market Dynamics
Growing number of outbreaks of diseases caused by food contamination and increasing emphasis on food safety test is the major driving factor for food safety testing equipment and consumables market. Consistent growth across food and beverage industry to meet the consumers' expectation is likely to fuel the market growth in upcoming years. In addition, expansion of the dairy industry is directly leading to food pathogen testing demand. Advancement in milk processing techniques coupled with stringent government norms regarding food safety is presumed to propel industry growth. Stringent regulations on the quality of convenient and packaged food products are further supporting the market growth. However, lack of global uniform regulatory guidelines may hamper the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of food safety testing equipment and consumable.
Market Segmentation
The broad food safety testing equipment and consumable market have been sub-grouped into type, contaminant type, and food type. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
By Contaminant Type
By Food Type
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for food safety testing equipment and consumable in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Food Safety Testing Equipment And Consumable Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the food safety testing equipment and consumable market includes 3M Company, Agilent Technologies, Inc., AMETEK, Inc., BioMerieux SA, Bio-Rad Laboratories, Inc., Bruker Corporation, Charm Sciences, Inc., Danaher Corporation, E. I. du Pont de Nemours and Company, ELISA Technologies, Inc., Foss A/S, Idexx Laboratories, Inc., Neogen Corporation, Perkin Elmer, Inc., Qiagen N.V, Roka Bioscience, Shimadzu Corporation, Thermo Fisher Scientific, Inc., and Waters Corporation. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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