Published Date : 11 Apr 2024
The global food diagnostics market size was evaluated at USD 16.99 billion in 2023 and is expected to attain around USD 30.46 billion by 2032, growing at a CAGR of 6.70% from 2023 to 2032. The shifting lifestyle reference and growth urbanization lead to faster life and drive the demand for processed food, driving the growth of the food diagnostics market.
The food diagnostics market comes last in the picture as a part of the process in which it is checked whether the food is physically, chemically, and biologically perfect for consumption and not harmful to the body. Food diagnostics is one of the most important parts and the last process of the food manufacturing process. Many food manufacturing companies use the food diagnostic process to analyze the characteristics of food materials. It helps analyze food contents such as protein, minerals, vitamin additives, preservatives, etc., to give information about the content of food materials to consumers.
Food diagnostics help with the various requirements in the food manufacturing process, such as testing and quality of the product, food inspection and grading, quality control, testing for adulterants, food authenticity check, shelf-life analysis, food nutrient content analysis, and sensory evaluation. The rising demand for packed and processed foods and the rising cases of food adulteration drive the demand for the market.
The growing urbanization and modernization globally lead to faster lifestyle changes and frequent changes in their daily routine. The faster lifestyle drives the demand for more processed food and the demand for the food diagnostics process to provide the nutritional value of these products. The rising consumption of packed and processed foods in the form of ready-to-eat food, snacks, and beverages is driving the demand for the food diagnostics market. Food diagnostics tests the contamination in the food product. Major food manufacturing companies use the food diagnostics process to analyze the harmful content of the food material that impacts the human body several times, and it helps to reduce the healthcare costs derived from the consumption of contaminated food products. Thus, the rising demand for processed food and the rising number of food manufacturing companies boost the demand for the market.
However, the lack of awareness about food consumption and its harmful effects on health and the insufficient infrastructure, such as food testing labs in economically developing countries, are restraining the growth of the market. The limited number of testing equipment, cold supply chain, and insufficient skilled professionals are limiting the expansion of the food diagnostics market. Many underdeveloped countries do not have processed and packaged food options, due to which the need for food diagnostics is also reduced.
| Report Coverage | Details |
| Market Revenue in 2023 | USD 16.99 Billion |
| Projected Forecast Revenue by 2032 | USD 30.46 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 6.70% |
| Largest Market | Europe |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Recent Development by Agilent Technologies Inc.
Recent Development by PerkElmer Inc.
According to the market analysis, Europe dominated the food diagnostics market with the highest growth in the market in 2023. The growth of the market is rapidly increasing due to the higher demand for food diagnostics due to the rising prevalence of adulteration in food products like meat, which is driving health issues in the people of the region that drives the demand for the market. The rising investments in the food testing labs and the infrastructure are contributing to the expansion of the market. The strict regularities regarding food safety and the rising trade of the international food chain are further contributing to the expansion of the market in the region.
The growing cases of adulteration in meat in the United Kingdom leads to health issues in the people of the countries that drive the higher demand for the food diagnostics market in the European countries.
North America is expected to have significant growth in the food diagnostics market during the forecast period. The market is expected to increase due to the rising consumption of packaged or processed foods. Shifting lifestyles and time restrictions lead to the higher consumption of processed food. The rising dependency on packed food causes serious health issues in children and old age people in the region which drives the demand for food testing labs for processed food testing which drives the growth of the market in the region.
The increasing adoption of the sedentary lifestyle in the people of the United States and the consumption of processed foods are driving the growing infrastructure in the food test labs in the country that drives the growth of the food diagnostics market.
Penetration of technologies in the food diagnostics market
Advancements in food diagnostics technologies, such as smartphone-based food diagnostics, are driving opportunities for growth in the market. The integration of smartphones and novel technologies enables developments like the lab-on-smartphone platforms for food safety analysis. The smartphone-based food diagnostics include components like sample processors, detectors, batteries, disposable chips, and software integrated with commercial smartphones. Smartphone-based food diagnostics is a lightweight platform with minimal power consumption. Many external sensor modules can be combined with smartphones, increasing their properties and gaining more sophisticated diagnosis results.
The Food Diagnostics Market News
By Type
By Diagnostics System
By Site
By Application
By Test Type
By Contaminants Type
By Technology Used
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