The global food diagnostics market comprises diagnostic tests and instruments that help detect and identify the pathogens and contaminants that cause foodborne illnesses. Food diagnostics helps identify the potential hazards in food products during production and post-harvest handling to prevent foodborne diseases. It covers a wide range of food pathogen identification techniques such as microbial testing, allergens testing, GMO testing, mycotoxin testing, and meat speciation testing. The global food industry faces major challenges to meet stringent food safety regulations and consumer demands for healthy, high-quality food products. Food diagnostics plays a vital role in ensuring food safety from farm to table. The increasing number of foodborne illness outbreaks worldwide has heightened the need for more reliable and faster food testing solutions.

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
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Key players operating in the food diagnostics 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.

The major players are focusing on new product launches and acquisitions to expand their market share. For instance, in June 2021, Thermo Fisher Scientific acquired Mesa Biotech to strengthen its position in the point-of-care molecular diagnostics market for infectious diseases and biodefense applications.

The Food Diagnostics Market Demand for food diagnostics is expected to grow significantly during the forecast period, driven by changing consumer preferences towards health and wellness. Food processors are leveraging diagnostic solutions for assuring food safety, quality, and compliance to changing regulations.

Technological advancements play a vital role in revolutionizing the food diagnostics landscape. Major diagnostic companies are investing in digital PCR, NextGen sequencing, Artificial Intelligence, and cloud computing to develop novel testing platforms with enhanced speed, accuracy, automation, and ability to detect multiple targets simultaneously.

Market Trends

One of the key trends gaining popularity is the shift towards portable and near-real-time diagnostics. Handheld and portable devices coupled with microfluidics technology offer on-site and near-real-time pathogen detection, reducing lab-based testing turnaround time.
Growing awareness about food labels and traceability has augmented the application of blockchain technology. Industry players are leveraging blockchain to build transparent supply chain ecosystems with digital traceability of food products from farm to table.

Market Opportunities
Emerging economies in Asia Pacific and Latin America are expected to unlock lucrative opportunities attributed to growing health consciousness, rising income levels and stringent food quality and safety regulations.
Advent of digital food safety platforms integrated with IoT, AI and big data analytics also presents significant growth prospects. These digital platforms enable seamless collaboration between food regulators and industry players for continuous risk assessment, compliance management, record-keeping and monitoring of food quality parameters.

Impact of COVID-19 on Food Diagnostics Market Growth

The outbreak of the COVID-19 pandemic has adversely impacted the growth of the global food diagnostics market. Several factors such as lockdowns imposed by governments across the globe, restrictions on imports and exports, disruptions in the supply chain, and lowered demand from industries such as restaurants and food processing have negatively impacted the market in 2020. However, with the gradual relaxation of lockdowns and reopening of production facilities and supply chains, the market is expected to bounce back post-COVID.

The pandemic has highlighted the need for more stringent safety and quality checks in the food industry. With rising health awareness among consumers, the demand for testing of food products for pathogens, GMOs, heavy metals, pesticides, and allergens is likely to increase in the coming years. Several new technologies such as rapid testing, automated testing, and portable instruments are also being adopted which will drive market growth. Governments are also emphasizing on compliance with food safety regulations which will propel the food diagnostics market going forward.

Geographical Concentration of Food Diagnostics Market

In terms of value, North America currently holds the largest share of the global food diagnostics market and is estimated to surpass US$ 7 Bn by 2024. Stringent food safety mandates laid down by regulatory bodies such as FDA have boosted market growth. Growing incidences of foodborne illness outbreaks are also compelling food testing in the region. Europe follows North America in terms of market size owing to supportive government initiatives and consumer awareness regarding food quality.

Fastest Growing Region in Food Diagnostics Market

The Asia Pacific region is poised to be the fastest growing Food Diagnostics Market Regional Analysis during the forecast period. Rapid economic development, increasing per capita incomes, growing population, and rising health consciousness are fueling market expansion. Countries such as China, India, Japan, and South Korea are witnessing rising investments by international players due to favorable business environment and low production costs. Rising awareness about food safety among local populace coupled with governmental emphasis on food testing infrastructure will further propel the APAC food diagnostics market.

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