The food diagnostics market size has seen significant growth in recent years, registering a worth of $18.51 billion in 2024. It is set to grow to $19.92 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%. This robust growth can be attributed to stringent food safety regulations, globalization of food supply chains, consumer demand for transparency, the adoption of rapid testing methods by the industry, and the global trade of food products.
The food diagnostics market shows prospects of strong growth in the coming years, with an expected size of $27.45 billion in 2029 at a CAGR of 8.3%. This growth forecast stems from an increasing focus on allergen detection, demand for on-site and portable diagnostics, the rising importance of traceability, growing importance of microbial testing, and the expansion of the organic and natural foods market.
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What Are the Key Drivers of the Food Diagnostics Market?
A significant driver propelling the growth of the food diagnostics market is the increasing number of food adulteration instances. Food adulteration lowers food quality by either adding or replacing food substances with alternative, often hazardous, components, or by removing vital ingredients. Food diagnostics offer scientific methods for determining the content and quality of food products to detect food adulteration, thereby increasing its demand. For instance, in January 2023, experts estimated that food fraud affects 1% of the global food sector and costs $10-$15 billion per year, according to the Food and Drug Administration, a US-based intergovernmental organization.
What Are the Key Segments in the Food Diagnostics Market?
• By Type: System, Test Kits, Consumable
• By Types Of Tests: Food Safety Testing, Food Authenticity Testing, Food Shelf Life Testing market
• By Site: Inhouse, Outsourcing Facility
• By Food Tested: Meat Poultry And Seafood, Processed Food, Dairy Products, Fruits And Vegetables, Cereals Grains And Pulses, Nuts Seeds And Spices, Other Food Tested
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Who Are the Key Players in the Food Diagnostics Market?
Major companies operating in the food diagnostics market include Randox Food Diagnostics, 3M Company, Shimadzu Corporation, Thermo Fisher Scientific Inc., PerkinElmer Inc., Agilent Technologies Inc., Neogen Corporation, FOSS India Private Limited, bioMérieux SA, Danaher Corporation, Bio-Rad Laboratories Inc., Biorex Food Diagnostics, Merck KGaA, QIAGEN N.V., ALS Limited, Intertek Group plc, Hygiena LLC, EnviroLogix Inc., AsureQuality Limited, Bruker Corporation, Covance Inc., EMSL Analytical Inc., Eurofins Scientific SE, FoodChain ID Pty. Ltd., Mérieux NutriSciences Corporation, Microbac Laboratories Inc., Romer Labs Division Holding GmbH, Charm Sciences Inc., SGS North America Inc., Silliker Inc., Symbio Laboratories Pty. Ltd., TÜV SÜD AG.
Which Trends Are Driving the Food Diagnostics Market?
Product innovation is an emerging trend that influences the food diagnostics market. For instance, in November 2023, Roche Holding AG, a Switzerland-based healthcare company, launched the most advanced qPCR technology for research and clinical diagnostics. This system shows Roche’s commitment to developing advanced diagnostic solutions, emphasizing molecular and point-of-care solutions, core lab systems, lab automation, and high-medical-value diagnostics.
Which Region Holds the Largest Share in the Food Diagnostics Market?
In 2024, Europe was the largest region in the food diagnostics market. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Food Diagnostics Market 2025 Report Offer?
Food diagnostics refers to the scientific investigation and analysis of food products to evaluate their ingredients, quality, safety, and nutritional value. It is primarily used to identify food fraud and adulteration. The Food Diagnostics Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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