Global Food Testing Kits Market size was valued at US$ 1123.6 Mn. in 2019 and the total revenue is expected to grow at 6.9% through 2021 to 2027, reaching nearly US$ 1916.2 Mn.
Global Food Testing Kits Market Overview:
Food testing kits make food testing more efficient and effective by allowing for the evaluation of the integrity and quality of liquid & solid food samples. Food testing kits are used for a variety of applications, including food chemistry analysis (such as sugar, salt, and pH level) food allergen analysis, food microbiological analysis, and food toxin analysis.
The Global Food Testing Kits Market was estimated at US$ 1183 million in 2020, and it is expected to reach US$ 1916.2 million by 2027, growing at a CAGR of 6.9 % over the forecasting period of 2021-2027.
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The report has covered the market trends from 2015 to forecast the market through 2026. 2019 is considered a base year however 2020’s numbers are on real output of the companies in the market. Special attention is given to 2020 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.
Global Food Testing Kits Market Dynamics:
Rising incidence of food-borne diseases, consumers are increasingly inclined to reliable and faster test results and the implementation of strict food safety policies and regulations, which are the main factors driving the market growth. In addition, increasing food safety issues, coupled with increasingly fierce competition in the food and beverage industry, have led to increasing R&D activities. These factors are expected to drive the growth of the global food testing kit market.
Some of the main factors that may hamper market growth include the low availability of food control infrastructure and resources in developing countries. However, the increase in food safety expenditures, the continuous development of multi-pollutant analysis technology and the technological advancement of food testing kits are expected to create profitable opportunities for operators in the global food testing kit market in the near future.
Global Food Testing Kits Market Segment Analysis:
On the basis of target test, The global food testing kits market is sub-segmented into Pathogens, Meat species, GMOs, Allergens, Mycotoxins, Others. The Pathogens segment held the largest market share of xx% in 2019, due to global occurrences of incidents such as pathogen-caused food borne illnesses. Food borne pathogens cause millions of cases of infectious gastrointestinal diseases in developed countries each year, costing billions of dollars in medical care and lost productivity.
On the basis of technology, the global food testing kits market is sub-segmented into PCR-based, Immunoassay-based, Enzyme substrate-based.
The Immunoassay-based segment held the largest market share of xx% in 2019, owing to it gives rapid test results, cost-effectiveness, ability to screen for infections, meat speciation, GMOs, allergies, pesticides, mycotoxins, and other residues, among other.
The PCR-based segment is a second-dominant segment and it held xx% of the share in 2019. One of the most important methods for detecting and analysing specific gene sequences is polymerase chain reaction (PCR). Real-time PCR tests are currently accessible and offer great specificity and sensitivity, making them the preferred approach for a variety of genomic research.
On the basis of sample, The global food testing kits market is sub-segmented into Meat, and seafood, Dairy products, Packaged food, Fruits & vegetables, Cereals & grains, Nuts, and seeds, Others.
The Cereals & Grains segment has held the largest market share of xx% in 2019. Thanks to increased consumption of whole grain products due to their high carbohydrate and fiber content is a significant driver which helping for driving the market growth. The demand for Cereals & Grains segment increases due to its properties like it is cholesterol-free, it is high in soluble and insoluble fiber, and resistant starch, an excellent source of carbohydrates.
The Meat & seafood is the second-dominant segment and it held xx% of the share in 2019. Thanks to these items are the most susceptible to microbial contamination and provide proteins and bone strength.
Global Food Testing Kits Market Regional Insights:
By 2027, North American food testing kit market is expected to hold largest market share of xx%, followed by the European market. Factors attributing to the growth of region are rising incidence of food borne diseases, the high incidence of allergic reactions, the existence of major food safety testing companies, and strict regulatory inspections.
Asia pacific is a second dominant region and it held xx % of share in 2019, Due to increased export activities, increased consumer food spending and improved living standards, the food testing kit market in the Asia-Pacific region is increasing.
The objective of the report is to present a comprehensive analysis of the global Food Testing Kits market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Food Testing Kits market dynamics, structure by analyzing the market segments and projects the global Food Testing Kits market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Food Testing Kits market make the report investor’s guide.
Global Food Testing Kits Market Scope: Inquire before buying
Global Food Testing Kits Market, by Region
- North America
- Asia Pacific
- Middle East and Africa
- South America
Global Food Testing Kits Market Key Players
- Thermo Fisher
- Romer Labs
- Millipore Sigma
- Agilent Technologies
- Merck KGaA
- Neogen Corporation
- Romer Labs Division Holding GmbH
Frequently Asked Questions:
- Which region has the largest share in Global Food Testing Kits Market?
Ans: North America region holds the highest share in 2019.
- What is the growth rate of Global Food Testing Kits Market?
Ans: The Global Food Testing Kits Market is growing at a CAGR of 6.9 % during forecasting period 2021-2027.
- What segments are covered in Global Food Testing Kit’s market?
Ans: Global Food Testing Kits market is segmented into target test, technology, and sample and Region.
- Who are the key players in Global Food Testing Kits market?
Ans: The important key players in the Global Food Testing Kits market are – Thermo Fisher , Agilent Eurofins , bioMérieux , Neogen , PerkinElmer , Bio-Rad, QIAGEN , EnviroLogix , IFP, Romer, Labs, Millipore Sigma, Agilent Technologies, Merck KGaA, Neogen Corporation, PerkinElmer, Romer Labs Division Holding GmbH.
- What is the study period of this market?
Ans: The Global Food Testing Kits market is studied from 2019 to 2027.
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