The food pathogen testing global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Food Pathogen Testing Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The food pathogen testing market size has grown strongly in recent years. It will grow from $10.25 billion in 2023 to $11.23 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to food safety regulations, outbreaks and contamination incidents, globalization of food trade, consumer awareness and demand, industry standards and best practices.
The food pathogen testing market size is expected to see rapid growth in the next few years. It will grow to $16.67 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to covid-19 impact, quality assurance and consumer trust, emerging pathogens and disease outbreaks, industry collaboration and standardization, focus on public health initiatives. Major trends in the forecast period include continual r&d and innovation, remote and mobile testing solutions, consumer demand for transparency, rapid testing solutions, microbial identification systems, automation and robotics.
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Scope Of Food Pathogen Testing Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Food Pathogen Testing Market Overview
Market Drivers –
The growing incidence of food poisoning is expected to propel the growth of the food pathogen testing market. Food poisoning refers to sickness caused by eating contaminated and unhealthy food. Food pathogen testing help identify pathogenic organisms in manufacturing environments, ingredients, or finished products and reduce the incidences of food poisoning, as a result, the growing incidence of food poisoning increases the demand for the food pathogen testing market. For instance, according to the Food and Drug Administration, a US-based federal agency of the Department of Health and Human Services, as of February 2022, every year there are around 48 million incidents of foodborne illness, which translates to 1 in 6 Americans getting sick. Additionally, these infections cause an estimated 3000 fatalities and 12.8k hospital admissions annually. Therefore, the growing incidence of food poisoning drives the food pathogen testing market.
Market Trends –
Technological advancements have emerged as the key trend gaining popularity in the food pathogen testing market. Major companies operating in the food pathogen testing market are developing innovative technologies to strengthen their position in the market. For instance, In July 2023, Spectacular Labs, a US-based laboratory, launched the future of food safety testing, which includes a fast, accurate, and automated pathogen testing platform. The platform is designed to provide food and beverage companies with the ability to detect pathogens on-site easily while testing laboratories can scale operations cost-effectively. The company’s innovative solution combines speed, accuracy, and affordability to offer top-tier food safety testing services.
The food pathogen testing market covered in this report is segmented –
1) By Type: E.Coli, Salmonella, Listeria, Other Pathogens
2) By Technology: Traditional, Rapid, Immunoassay, Convenience Based, PCR, Other Technologies
3) By Application: Meat And Poultry, Fruits And Vegetables, Dairy, Other Applications
4) By Sales Channel: OEM, Aftermarket
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Regional Insights –
Europe was the largest region in the food pathogen testing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food pathogen testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the food pathogen testing market report are Bureau Veritas SA, Lloyd’s Register Quality Assurance Limited, Intertek Group plc, Asurequality Ltd., Genevac Ltd., Thermo Fisher Scientific Inc., Bio-Rad Laboratories Inc., Merck Co. & KGaA, Neogen Corporation, bioMerieux SA, Agilent Technologies Inc., Qiagen NV, Shimadzu Corporation, SGS Société Générale de Surveillance SA, Genetic Id Na Inc., RapidBio Systems Inc., Mérieux NutriSciences Corp., FoodChain ID Inc., Ring Biotechnology Co. Ltd., Genon Laboratories Ltd., PerkinElmer Inc., Randox Food Diagnostics Ltd., Omega Diagnostics Group plc, Romer Labs Inc., Eurofins Scientific SE, Charm Sciences Inc., Hygiena LLC, MilliporeSigma, Hardy Diagnostics, Luminex Corporation
Table of Contents
1. Executive Summary
2. Food Pathogen Testing Market Report Structure
3. Food Pathogen Testing Market Trends And Strategies
4. Food Pathogen Testing Market – Macro Economic Scenario
5. Food Pathogen Testing Market Size And Growth
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27. Food Pathogen Testing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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