Exploring the Opportunities in the Premium and Gourmet Molecular Methods For Food Safety Testing Market

 

The global Molecular Methods for Food Safety Testing Market is experiencing significant growth, driven by increasing concerns over foodborne illnesses and the demand for rapid, accurate detection of food contaminants.

Market Overview:

Market Size and Growth: In 2023, the global molecular methods for food safety testing market was valued at approximately USD 2.41 billion. It is projected to reach USD 4.31 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.9% during the forecast period.

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Key Trends:

Advancements in Microfluidic and Paper-Based Devices: The expanding applications of microfluidic chip-based and paper-based devices have driven their implementation as simple and rapid solutions for screening foodborne pathogens.

Adoption of Rapid Testing Methods: There is a growing trend towards the adoption of rapid testing methods, such as Polymerase Chain Reaction (PCR) and immunoassays, to detect pathogens and contaminants more quickly and accurately.

Integration of Automation and Robotics: The incorporation of automation and robotics in food safety testing laboratories is enhancing efficiency, reducing human error, and increasing throughput.

Key Players

·         QIAGEN

·         3M

·         Veredus Laboratories Pte Ltd.

·         NEOGEN CORPORATION

·         Bio-Rad Laboratories, Inc.

·         Thermo Fisher Scientific Inc.

·         BIOM RIEUX

·         ArcherDX, Inc.

·         HiMedia Laboratories.

·         Eurofins Scientific

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Regional Analysis:

North America: In 2023, the U.S. accounted for a 32.5% share of the global market, driven by rising incidences of food poisoning and foodborne diseases. The region is expected to maintain significant growth due to stringent food safety regulations and advanced technological adoption.

Europe: Europe accounted for a significant market share in 2023, with foodborne outbreak illnesses driving market growth in the region. The European Food Safety Authority (EFSA) reported a 44% rise in foodborne cases in 2022 compared with the previous year. The EU has established strict standards in agriculture, animal husbandry, and food production to ensure safe food consumption among citizens.

Asia-Pacific: The region is anticipated to witness substantial growth due to increasing awareness of food safety, economic development, and the expansion of the food processing industry.

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