Food and beverage testing kits refer to the devices used to carry out procedures and examinations at each stage of the preparation of food and beverages to make sure that all of the ingredients and materials are fit for human consumption.
Sizing and Forecast
The food and beverage testing kits market size has grown strongly in recent years. It will grow from $20.33 billion in 2023 to $21.76 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to stringent regulations, public health incidents, industry standards and certifications, consumer awareness and demand, manufacturer and supplier compliance.
The food and beverage testing kits market size is expected to see strong growth in the next few years. It will grow to $30.02 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to data management and analytics, cost and efficiency improvements, rapid response capabilities, supply chain management, industry collaboration and standards. Major trends in the forecast period include remote monitoring and iot integration, emerging contaminants detection, sustainability and green testing methods, microbiological testing advancements, blockchain integration for traceability.
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Segmentation & Regional Insights
The food and beverage testing kits market covered in this report is segmented –
1) By Product: Consumables, Equipment
2) By Technology: Traditional, Rapid
3) By Contaminants Type: Pathogens, GMO’s, Pesticides, Toxins
4) By Application: Meat, Poultry, Seafood, Dairy, Processed Foods, Fruits And Vegetables
North America was the largest region in the food and beverage testing kits market in 2023. Western Europe was the second largest region in the food and beverage testing kits market report. The regions covered in the food and beverage testing kits market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising incidence of infectious diseases is increasing the demand for testing services, thus driving the food and beverage testing kits market. Unsafe food or beverages can carry harmful bacteria, chemicals, or substances, which can lead to various infectious diseases. With the help of testing devices, the quality of the food or beverage can be checked to ensure the safety of the consumer. According to the World Health Organization (WHO), close to 600 million people, around 1 in every 10 people, fall sick after the consumption of contaminated food, and close to 420000 people die due to such consumption. These rising incidences of infectious diseases due to contaminated food are expected to increase the demand for testing devices and drive the food and beverage testing kits market during the forecast period.
Key Industry Players
Major companies operating in the food and beverage testing kits market report are Berkshire Hathaway Inc., Starbucks Corporation, Compass group plc, McDonald’s Corporation, Aramark corporation, Sodexo, Subway, Darden Restaurants, Yum China Holdings Inc., Chipotle, Restaurant Brands International Inc., Domino’s Pizza Inc., Bloomin’ Brands Inc., Texas Roadhouse Inc., Brinker International Inc., Cheesecake Factory Inc., Cracker Barrel Old Country Store Inc., Papa John’s International Inc., Wendy’s Company, Dave & Buster’s Entertainment Inc., Buffalo Wild Wings Inc., Jack in the Box Inc., Dunkin’ Brands Group Inc., Red Robin Gourmet Burgers Inc., Dine Brands Global Inc., Ruth’s Hospitality Group Inc., Chuy’s Holdings Inc., Del Taco Restaurants Inc., Zoe’s Kitchen Inc., Shake Shack Inc.
The food and beverage testing kits market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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