November 12, 2024

Food Diagnostics Market Size to Hit Around US$ 27.8 billion by 2030

Precedence Research a new report on food diagnostics market size, share, growth, industry trends, and forecast 2030, covering various industry elements and growth trends helpful for predicting the market’s future. The global food diagnostics market size was valued at US$ 15.19 billion in 2021. The global food diagnostics market is projected to reach US$ 27.8 billion by 2030, registering a compound annual growth rate (CAGR) of 6.95% during the forecast period from 2022 to 2030.

Food Diagnostics Market

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The global food diagnostics market report offers various segments analysis by size, trends, growth factors, opportunities and key country outlook to 2030. The report offers a detailed analysis and information as per food diagnostics, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.

Food Diagnostics Market Report Scope 
Report Coverage Details
Market Size in 2022 USD 16.24 Billion
Market Size by 2030 USD 27.8 Billion
Growth Rate from 2022 to 2030 CAGR of 6.95%
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered Type, Diagnostics System, Site, Application, Test Type, Contaminants Type, Technology Used, Geography

The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.

Read Also@ Coronary Stents Market Size to Hit Around US$ 17.2 billion by 2030

Some of the prominent players in the food diagnostics market include:
  • 3M Company
  • Merk Kgaa
  • Danaher Corporation
  • Agilent Technologies Inc.
  • Neogen Corporation
  • Biorex Food Diagnostics
  • thermo Fisher Scientific Inc.
  • Biomerieux Sa
  • Bio-Rad Laboratories, Inc.
  • Randox Food Diagnostics
Food Diagnostics Market Segmentation

By Type

  • Systems
  • Consumables

By Diagnostics System

  • Hybridization Based
  • Chromatography Based
  • Spectrometry Based
  • Immunoassay Based
  • Biosensors
  • Testing Kits
  • Others

By Site

  • Outsourcing facility
  • Inhouse

By Application

By Test Type

  • Safety
  • Quality

By Contaminants Type

  • Pathogens
  • Pesticides
  • Genetically Modified Organisms (GMOs)
  • Toxins
  • Others

By Technology Used

  • Traditional
  • Rapid

Regional Segmentation

  • Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
  • Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
  • North America [United States, Canada, Mexico]
  • South America [Brazil, Argentina, Columbia, Chile, Peru]
  • Middle East & Africa [GCC, North Africa, South Africa]

Key Questions are

  • What are the key factors influencing the food diagnostics market in each region?
  • How much value will the global market generate by the end of the forecast period?
  • What will be the CAGR of the global market between 2022 and 2030?
  • What would be the Y-o-Y growth trend of the global market between 2022 and 2030?
  • What is the future scope and current trends in technologies of the global market?
  • What is the revenue of the global market based on segments?
  • Which key strategies are used by top players of the global market?
  • Which are the leading companies in the global market?
  • What are the essential strategies by key stakeholders in the market to expand their geographic presence?
  • What are the major advancements witnessed in the global market?

Research Objectives and Research Approach

The comprehensive report on the global food diagnostics market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global food diagnostics market.

It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

The report analyzes the global food diagnostics market in terms of type, application, region and others. Key segments under each criteria are studied at length, and the market share for each of these at the end of 2030 has also been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global market.

Why should you invest in this report?

If you are aiming to enter the global food diagnostics market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for food diagnostics are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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From gauging investment feasibility to uncovering hidden growth opportunities, our market studies cover in-depth analysis, which also is interspersed with relevant statistics. Recommendation are often enclosed within our reports with the sole intent of enabling organizations achieve mission-critical success.

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