The global molecular methods for food safety testing market size is anticipated to reach USD 4.31 billion by 2030. The market is projected to grow at a CAGR of 8.9% from 2024 to 2030. Expanding applications of microfluidic chip-based devices and paper-based devices have driven their implementation as simple and rapid solutions for screening of foodborne pathogens. These devices offer numerous advantages such as cost-effectiveness, specificity, sensitivity, ease of usage, and speed.
As a result, molecular assays are gaining substantial popularity over conventional detection methods. Furthermore, numerous initiatives are being undertaken by government agencies, which boosts the adoption of molecular assays. Investments in quality control testing and enforcing regulatory compliance in the course of product testing is one of the common initiatives undertaken. For instance, in July 2019, the United Nations (UN) General Assembly designated two of its agencies for the promotion of food safety across the world-the Food and Agriculture Organization (FAO) and the World Health Organization (WHO)-and developed guidelines related to it.
Moreover, there is increasing demand for proactive supply chain management solutions and IoT sensors for tracking the authenticity during the product development cycle, from the time of its harvestmen to delivery. This is expected to drive research activities. Penetration of blockchain technology, a technology that hails as a savior of food safety and traceability, is attributive to induce substantial progress in the food safety testing market.
Key market participants are undertaking numerous strategic initiatives to expand their molecular technology-based products and services for delivery of better molecular solutions. Furthermore, presence of a substantial number of investors to drive development and adoption of food-safety platforms is aiding in the revenue growth of companies. For instance, in April 2019, Tyson Foods Inc. announced its investment in Clear Labs Inc., a food safety testing company that relies on the robotic platform for detection of pathogens like salmonella.
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As a result, molecular assays are gaining substantial popularity over conventional detection methods. Furthermore, numerous initiatives are being undertaken by government agencies, which boosts the adoption of molecular assays. Investments in quality control testing and enforcing regulatory compliance in the course of product testing is one of the common initiatives undertaken. For instance, in July 2019, the United Nations (UN) General Assembly designated two of its agencies for the promotion of food safety across the world-the Food and Agriculture Organization (FAO) and the World Health Organization (WHO)-and developed guidelines related to it.
Moreover, there is increasing demand for proactive supply chain management solutions and IoT sensors for tracking the authenticity during the product development cycle, from the time of its harvestmen to delivery. This is expected to drive research activities. Penetration of blockchain technology, a technology that hails as a savior of food safety and traceability, is attributive to induce substantial progress in the food safety testing market.
Key market participants are undertaking numerous strategic initiatives to expand their molecular technology-based products and services for delivery of better molecular solutions. Furthermore, presence of a substantial number of investors to drive development and adoption of food-safety platforms is aiding in the revenue growth of companies. For instance, in April 2019, Tyson Foods Inc. announced its investment in Clear Labs Inc., a food safety testing company that relies on the robotic platform for detection of pathogens like salmonella.
Molecular Methods For Food Safety Testing Market Report Highlights
- Polymerase Chain Reaction (PCR) dominated the market and accounted for a share of 37.4% in 2023 owing to the increased prevalence of food contamination and growing foodborne diseases.
- Reagents & consumables dominated the market and accounted for a share of 62.1% in 2023. Determining food safety and its quality depends on verifying the nutritional quality of the food and conducting tests for identifying contaminants such as pathogens, and residual pesticides.
- The services segment is expected to register the fastest CAGR during the forecast period. The rising consumption of contaminated food, which has led to increased foodborne cases, encourages various food laboratories to provide food testing services.
- North America molecular methods for food safety testing market dominated the market in 2023. The rising prevalence of food contamination leading to increased food poisoning cases is a major factor driving growth in the region.
The leading players in the Molecular Methods for Food Safety Testing market include:
- QIAGEN
- 3M
- Veredus Laboratories Pte Ltd.
- NEOGEN CORPORATION
- Bio-Rad Laboratories, Inc.
- Thermo Fisher Scientific Inc.
- BIOMÉRIEUX
- ArcherDX, Inc.
- HiMedia Laboratories.
- Eurofins Scientific
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- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Molecular Methods for Food Safety Testing Market Variables, Trends, & Scope
Chapter 4. Molecular Methods for Food Safety Testing Market: Technology Estimates & Trend Analysis
Chapter 5. Molecular Methods for Food Safety Testing Market: Product Estimates & Trend Analysis
Chapter 6. Molecular Methods for Food Safety Testing Market: Regional Estimates & Trend Analysis
Chapter 7. Competitive Landscape
Companies Mentioned
The leading players in the Molecular Methods for Food Safety Testing market include:- QIAGEN
- 3M
- Veredus Laboratories Pte Ltd.
- NEOGEN CORPORATION
- Bio-Rad Laboratories, Inc.
- Thermo Fisher Scientific Inc.
- BIOMÉRIEUX
- ArcherDX, Inc.
- HiMedia Laboratories.
- Eurofins Scientific
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 2.41 Billion |
| Forecasted Market Value ( USD | $ 4.31 Billion |
| Compound Annual Growth Rate | 8.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
