Reports > Food And Beverages > Food Diagnostics Market Report
Food Diagnostics Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the Food Diagnostics market, including key insights on market size, growth trends, and forecasts from 2023 to 2033.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $10.00 Billion |
| CAGR (2023-2033) | 6% |
| 2033 Market Size | $18.17 Billion |
| Top Companies | Merck KGaA, Thermo Fisher Scientific, SGS S.A., Eurofins Scientific, Neogen Corporation |
| Last Modified Date | 15 Nov 2024 |
Food Diagnostics Market Report (2023 - 2033)
Food Diagnostics Market Overview
What is the Market Size & CAGR of Food Diagnostics market in 2023 and 2033?
Food Diagnostics Industry Analysis
Food Diagnostics Market Segmentation and Scope
Request a custom research report for industry.
Food Diagnostics Market Analysis Report by Region
Europe Food Diagnostics Market Report:
In Europe, the market is expected to increase from $2.42 billion in 2023 to $4.39 billion by 2033. The European Food Safety Authority (EFSA) places high importance on food safety standards, fuelling growth for diagnostic services and testing solutions. Furthermore, the rising trend in organic and health-focused food products is expected to boost demand for diagnostics.Asia Pacific Food Diagnostics Market Report:
The Asia Pacific region is poised for significant growth, with projections suggesting an increase from $1.97 billion in 2023 to $3.58 billion by 2033. Rising food safety concerns amidst a booming food industry drive demand for advanced testing solutions. Countries with stringent safety regulations, such as Japan and China, are expected to exhibit rapid market expansion.North America Food Diagnostics Market Report:
North America remains one of the largest markets for food diagnostics, projected to grow from $3.79 billion in 2023 to $6.88 billion by 2033. The region's stringent regulatory environment and increased consumer awareness about food safety propel demand. The presence of key companies and advanced technological capabilities further support the market's growth.South America Food Diagnostics Market Report:
In South America, the Food Diagnostics market is expected to grow from $0.62 billion in 2023 to $1.12 billion by 2033. This growth is focused on better compliance with international food safety standards, as major economies like Brazil and Argentina enhance their regulatory frameworks. Increasing imports and exports of food products necessitate robust diagnostic measures.Middle East & Africa Food Diagnostics Market Report:
The Middle East and Africa region is anticipated to grow from $1.21 billion in 2023 to $2.19 billion by 2033, driven by increasing investment in food safety infrastructure. Government initiatives promoting food safety standards, as well as growing concerns about foodborne diseases, are critical factors contributing to market expansion in this region.Request a custom research report for industry.
Food Diagnostics Market Analysis By Product
Global Food Diagnostics Market, By Product Market Analysis (2023 - 2033)
The Food Diagnostics market segment by product is led by testing kits, which are expected to grow from $6.24 billion in 2023 to $11.34 billion by 2033, maintaining a 62.4% market share. Diagnostic services represent a growing segment, moving from $2.88 billion to $5.23 billion and holding a 28.79% share. Diagnostic equipment is also on the rise, with projections of growth from $0.88 billion to $1.60 billion.
Food Diagnostics Market Analysis By Technology
Global Food Diagnostics Market, By Technology Market Analysis (2023 - 2033)
Technology plays a pivotal role in the Food Diagnostics market, with molecular diagnostics being a dominant segment, projected to grow from $5.81 billion to $10.55 billion, securing a 58.06% share. Immunoassay technology and biosensor technology are also significant segments, with sizes of $2.24 billion and $0.96 billion, respectively, for 2023.
Food Diagnostics Market Analysis By Food Type
Global Food Diagnostics Market, By Food Type Market Analysis (2023 - 2033)
In terms of food type, meat and poultry diagnostics hold the largest share at $5.81 billion currently, forecasted to reach $10.55 billion. Dairy products and fruits and vegetables also have considerable shares, growing from $2.24 billion and $0.96 billion respectively, reflecting the demand for thorough diagnostics across all food categories.
Food Diagnostics Market Analysis By End User
Global Food Diagnostics Market, By End-User Market Analysis (2023 - 2033)
Food producers maintain the largest share within the end-user segment, valued at $5.81 billion and projected to grow to $10.55 billion. Retailers and food service providers each play vital roles, with market sizes expected to increase respectively, catering to growing consumer demands for food quality and safety.
Food Diagnostics Market Trends and Future Forecast
Request a custom research report for industry.
Global Market Leaders and Top Companies in Food Diagnostics Industry
Merck KGaA:
Merck KGaA is a leading global player in scientific and technological solutions, offering a broad range of diagnostic products for food safety and quality testing.Thermo Fisher Scientific:
A dominant force in the life sciences sector, Thermo Fisher provides advanced diagnostics solutions and testing services critical for food safety, enhancing the overall integrity of food products.SGS S.A.:
As a global leader in inspection, verification, testing, and certification, SGS offers a comprehensive range of food diagnostics services, ensuring adherence to regulatory standards.Eurofins Scientific:
Eurofins is a major player specializing in environmental and food testing services, recognized for innovative solutions and a robust global presence in the food diagnostics space.Neogen Corporation:
Known for its rapid testing solutions for food safety, Neogen’s products are integral to monitoring and ensuring food quality in various settings, from production to consumption.We're grateful to work with incredible clients.
