Food Diagnostics Market SWOT Analysis, Opportunities by 2029 | FMI Report - PowerPoint PPT Presentation

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Food Diagnostics Market SWOT Analysis, Opportunities by 2029 | FMI Report


The global food diagnostics market is projected to reach US$ 23.9 Bn by the end of 2029. The market was valued at US$ 12.5 Bn in 2019. If these figures hold true, the market will exhibit a CAGR of 6.70% between 2019 and 2029. – PowerPoint PPT presentation

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Title: Food Diagnostics Market SWOT Analysis, Opportunities by 2029 | FMI Report

Food Diagnostics Market to Represent a CAGR of
6.70 through 2029
  • May 2020

Report Id REP-GB-11430 Published On Apr
21,2020 Category Food and Beverages
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Food Diagnostics Market Analysis
Food diagnostics has gained paramount importance
in identifying the microbial contaminants present
in food, particularly the fresh produce i.e.
fruits and vegetables. Further, accentuation of
sanitation measures during COVID-19 pandemic will
bode well for market. According to FMI's
analysts, the global food diagnostics market will
hit approximately US 24 Bn by 2029 end.
Moreover, the food diagnostics market will
receive tailwinds from seafood, meat, and poultry
industry in view of heightening demand over the
forecast period (2019-2029). However, supply
chain disruptions spurred by global outbreak of
COVID-19 will alter the market's growth
trajectory through the pandemic. "Niche players
must follow multipronged growth-oriented
strategies such as product development, and
strategic partnerships to bolster competitive
ascendancy," concludes FMI.
  • Key Takeaways of Food Diagnostics Market Study
  • Processed food diagnostics will gather
    substantial portion of revenue share in the
    overall market stack.
  • Europe leads the global food diagnostics
    market on the back of strict safety policies
    implemented by EU Reference Laboratories (EURLs),
    National Reference Laboratories (NRLs), and
    Control Laboratories (CLs).

Food Diagnostics Market Analysis
  • Safety segment will register an impressive
    CAGR over the forecast period by type of test.
  • Rising incidences of food allergens and food
    adulteration is impelling the demand for food
  • Food Diagnostics Market - Key Growth Drivers
  • Multiple outbreaks of food borne illnesses have
    restated the significance of food diagnostics,
    specifically during the COVID-19 era.
  • Favorable and stringent regulatory policies
    regarding quality and safety of food products are
    fuelling the growth of food diagnostics market.
  • Heightened consumer awareness coupled with
    proliferation of health-conscious consumers is
    strengthening the food diagnostics market growth.
  • Advent of advanced technologies such as faster
    testing in food diagnostics will augur well for
    market during the projection period.
  • Press Release Source https//

Food Diagnostics Market Analysis
  • Food Diagnostics Market - Key Restraints
  • Lack of effective collaboration between
    prominent stakeholders is impeding the growth of
    food diagnostics market.
  • Regulatory legislation laxity in developing
    countries is restricting the market growth in
    Asia Pacific.
  • Anticipated Impact of COVID-19 on Food
    Diagnostics Market
  • Major companies in the global food diagnostics
    market are developing and offering new guidelines
    on safe consumption and handling of food.

According to World Health Organization (WHO),
there has been no evidence so far regarding
transmission of COVID-19 via food packaging or
food items. However, minuscule traces of
SARS-CoV-2 virus were found in a sample of
non-potable water in Paris. Therefore, the risk
of food contamination cannot be denied. Use of
Personal Protective Equipment (PPE) such as
gloves and masks is strongly advised for chefs
and delivery agents by food diagnostic experts.
Food Diagnostics Market Analysis
Hence, governments have been reinforcing food
hygiene principles which are bolstering the
growth of food diagnostics market during the
Competitive Landscape of Food Diagnostics
Market Some of the noteworthy players in the
global food diagnostics market that are featured
in this FMI report include, but are not limited
to, Thermo Fisher Scientific, The Merck Group,
Minnesota Mining and Manufacturing Company,
Envirlogix Inc., GEN-IAL GmbH, Qiagen, Agilent
Technologies Inc., Hygiena LLC, FOSS A/S, Randox
Food Diagnostics, Bio-Rad Laboratories Inc.,
Danaher Corporation,
Biomerieux SA, Biorex Food Diagnostics, 3M
Company, Perkinelmer Inc., Biocontrol Systems
Inc., VWR International, Omega Diagnostic Group
Plc, and Neogen Corporation. Multiple product
launches, sustainable development, acquisitions,
and partnerships are key strategies being adopted
by top players in the food diagnostics market. In
addition, sustaining the financial strength
during this pandemic is the priority of leading
manufacturers as well.
Food Diagnostics Market Analysis
  • Get Information of other Food and Beverages
    Report of FMI
  • Food Testing Market
  • Dextrose Monohydrate Market
  • Dietary Supplements Market
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