Food Diagnostics Market to Exceed USD 30.46 Bn By 2032

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.

Food Diagnostics Market Size and Growth Rate From 2023 to 2032

Market Overview

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 rising lifestyle changes and adoption of processed food

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.

Food Diagnostics Market Report Scope

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

Top Companies in the Food Diagnostics Market

  • 3M Company
  • Merk Kgaa
  • Danaher Corporation
  • Agilent Technologies Inc.
  • Neogen Corporation
  • Biorex Food Diagnostics
  • Thermo Fisher Scientific Inc.
  • Biomerieux Sa
  • Bio-Rad Laboratories, Inc.
  • Randox Food Diagnostics
  • PerkinElmer Inc.

Recent Development by Agilent Technologies Inc.

  • In April 2024, Agilent Technologies Inc. announced the launch of its new Advanced Dilution System. This new automation workflow solution is highly effective in lowering the cost of ownership, improving efficiency, and increasing productivity.

Recent Development by PerkElmer Inc.

  • In June 2022, a new GC 400 Platform was launched by PerkinElmer. It is an automated gas chromatography/mass spectrometry and gas chromatography headspace sampler solution. It will help the technicians to simplify operations that occur in the laboratory.

Regional Insights

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.

  • The European Commission launched the investment worth €220 million along with the member states and 128 partners from the industry, research, and public organization on 27 June 2023 at the event in Copenhagen. The investment is divided into the four sectoral Testing and Experimentation Facilities (TEFs) for AI.

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.

  • Spectacular Labs Inc., an innovator and provider of next-generation rapid pathogen testing, launched the revolutionary technology at the International Association for Food Protection (IAFP) 2023 Annual Meeting.

Market Potential and Growth Opportunities

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

  • In February 2024, the PM of India launched the latest microbiology laboratory to increase the food testing infrastructure in Delhi. The laboratory is launching to ensure food safety by detecting several pathogens and microorganisms in the food products.
  • In March 2024, Ready. Set. Food! It comes into collaboration with ObvioHealth to launch the clinical study (EASE trial) that will use real-world infant healthcare data to analyze the early introduction of food allergens to infant allergies and related healthcare costs.

Market Segmentation

By Type

  • Systems
  • Consumables

By Diagnostics System

  • Hybridization Based
  • Chromatography Based
  • Spectrometry Based
  • Immunoassay Based
  • Biosensors
  • Testing Kits
  • Others

By Site

  • Outsourcing facility
  • Inhouse

By Application

  • Meat, poultry, and seafood
  • Processed food
  • Dairy products

By Test Type

  • Safety
  • Quality

By Contaminants Type

  • Pathogens
  • Pesticides
  • Genetically Modified Organisms (GMOs)
  • Toxins
  • Others

By Technology Used

  • Traditional
  • Rapid

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