Increasing Consumer Awareness to Mandate Food Testing and Drive Food Diagnostic Equipment Market to $7.7 Bn By 2020

Food Safety and Quality have lot of popularity due to increasing food contamination and mishaps. The Food Diagnostic Equipment is used for testing food for safety, nutrition and chemistry. The Global Food Testing Diagnostic Market report provides a detailed account of the food testing equipment and consumables utilized exclusively for food analysis. The report analyses food testing equipment market by type of device and by application. Chromatography systems, Mass Spectrometry systems, Hybrid-Systems, PCR Equipment, Immunoassay systems, NMR systems, Flow Cytometry systems and others are the dominant equipment types. The food diagnostic equipment are classified based on the application in Food chemistry analysis, Food microbiology analysis, Food nutrition analysis, Food allergen analysis, GMO Testing, Food shelf-life studies and others. The Food Testing Consumables Market segmented into type as Test kits, Reagents, and General Lab-ware. Both equipment and consumables are segmented by geography as North America, Asia-Pacific, Europe and RoW. The market revenue of food diagnostic and consumables is estimated to reach $7.7 billion by 2020.

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The contamination of food, mislabeling, and adulteration cases are actively reported by the mass media enabling the consumer to make informed choices and demand for safer food is increasing. The success of organic, functional foods is largely due to consumer awareness of healthy lifestyle. However, in the wake of ill health claims there is a huge demand for appropriate labeling that mandates effective food testing. These factors along with stringent government regulations are driving the demand for food diagnostic equipment and consumables market.

According to the report from IndustryARC, microbiology analysis is the major application of food diagnostic equipment and consumables. The growing pathogen contamination is further fuelling the microbiological testing and subsequently the demand for the testing equipment. Likewise, Allergen Analysis, Chemistry Analysis, GMO Analysis and Nutritional Analysis are also widely performed and are an important part of food testing.

GLOBAL FOOD TESTING DIAGNOSTIC MARKET, BY APPLICATION, 2013-2020. ($m)

FOOD TESTING DIAGNOSTIC MARKET

Source: IndustryARC Analysis and Expert Insights

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The consumer apprehension on GM products is driving the demand for GMO safety tests in and is estimated to grow at a CAGR of 7%. This increasing demand for non-GMO foods or labeling of GMO content on the products would enhance the market for testing equipment such as PCR equipment, ELISA systems, and Chromatography systems which are predominantly used in the GMO testing. North America is the dominant region accounting for 33% in 2014 based on research conducted by IndustryARC on the market. Increase in food safety standards in China and India is driving the demand for food diagnostic equipment and consumables in APAC which is poised to grow at the highest CAGR.

Consumables are categorized in to test kits, reagents and general lab-ware. Driven by the increasing number of food tests demand for reagents is set to be buoyant. Demand for Point of testing services is very high as food traceability and checking at various points in the supply chain for contamination is gaining prominence. Hence, consumables are exhibiting higher growth compared to food diagnostic equipment market.

There are large numbers of players in the Global Food Testing Diagnostic Market. Agilent Technologies Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Shimadzu Corporation (Japan), PerkinElmer Inc.(U.S.), and Bruker Corporation (U.S.) are the key players who constitute major market share due to wide product portfolio and distribution network. These major players are increasing their focus on launching new products in the high growth Hybrid equipment segment to consolidate their market presence.

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