The Food Diagnostics Market involves various testing technologies and kits that are used to test food samples for potential allergens, toxins, pathogens, GMOs, meat speciation, and other adulterants in food samples. Some of the key types of tests involved are rapid and conventional. Rapid tests deliver quicker results and help in analyzing large volumes of food samples in a timely manner. Conventional tests are more accurate but take more time. The core purpose of these tests is to ensure food safety and quality along the supply chain and to detect issues at an early stage. Rising health awareness among consumers regarding food contaminants and a strong emphasis on preventing foodborne diseases have boosted demand for various diagnostic tools in the food industry.

The global food diagnostics market is estimated to be valued at USD 17.45 Bn in 2024 and is expected to reach USD 29.33 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.

Key Takeaways

Key players operating in the Food Diagnostics Market are Ring Biotechnology Co Ltd., Thermo Fisher Scientific Inc., Danaher, Merck KGaA, Neogen Corporation, Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., Shimadzu Corporation, BioMerieux, Bruker, QIAGEN, PerkinElmer Inc., FOSS, Hygiena LLC, R-Biopharm AG, Romer Labs Division Holding, EnviroLogix, Randox Food Diagnostics (Ireland), Promega Corporation, and PathogenDx Corporation. These players are focusing on new product launches, mergers & acquisitions, and regional expansions to gain a competitive edge in the market.

The global Food Diagnostics Market Demand is growing due to rising awareness among consumers regarding food safety and authenticity. Surging instances of foodborne illnesses and increasing cases of food contamination across the world are fueling the demand for effective diagnostic tools and technologies. Stringent regulations mandating food safety testing are further driving the adoption of diagnostics in the food industry.

The market is witnessing increased opportunities in emerging regions due to growing food production and a rise in disposable incomes. Manufacturers are focusing their efforts on developing economies in Asia Pacific, Latin America, and Middle East & Africa through new facilities and distribution networks. These regions offer high growth potential compared to developed markets in North America and Europe.

Get More Insights on- Food Diagnostics Market