Breakthrough Innovation Channeling Food Analysis Development:
Technological advancement has made out its reach to several prominent and most basic working fields in today’s global outlook. The food diagnostics system is among the technologically advanced segments offering a wide range of food quality analysis. Smart technology integration to measure toxicity level and detect food contamination has benefited the current food diagnostics whereby gaining huge demand from across the world. The food diagnostics systems market growth is aided by the technology incorporation in food microbiology, spectrometry, immunoassay, and many other analysis methods. Newer food testing devices and gadgets are launched into the global market which is rapidly opening new prospects for the food diagnostic systems. Recently, researchers at MIT Media Lab developed a novel wireless system that detects potential food contamination by analyzing the RFID tags linked with the products. This food diagnostic systems RFIQ is also claimed to automatically detect food spoilage in supermarkets through RFID tag scrutiny when implemented in the in smart fridges. Similarly, a new device has been introduced by Inspecto Solutions which can identify food contamination in real-time. Funded by the EU, this food contamination scanner device analyzes chemical concentration in food products as per the specifications made by the regulatory authority. These revolutionary innovations will eventually aid the food diagnostic in retails, laboratories, manufacturing industries, and also in food inspections by government agencies. Concurrently, the technology advancement will effectively reduce pathogen and chemical contaminated food distribution and consumption thereby upheaving the Food diagnostics systems market.
The global Food diagnostics systems market size reached $7.2 billion in the year 2018. This was channeled by food-related issues such as food allergies, food poisoning, food adulteration, and many others that occur on a large scale across the world. Besides, the aforementioned discoveries and product launches will eventually elevate the Food diagnostics systems market demand in the forthcoming years which will positively affect the market revenue growth. The growing awareness among the people about their health security and the on-going trend of the clear label on food products also implicates the necessity for effective food analysis. Concurrently, the Food diagnostics systems market is estimated to increase at a CAGR of 7.8% during the forecast period of 2019-2025.
The hybridization segment is estimated to generate huge for the Food diagnostics systems market. This application of hybridization-based food analysis such as polymerase chain reaction (PCR) and microarray offers more detailed and advanced results for microbial and chemical detection. Significantly, owing to the more precision screening results, the hybridization section is projected to increase at a 6.7% CAGR through to 2025.
Food Related Adversity Implicates The Vitality of Food Diagnostics:
Globally, the food industry is facing serious economic threats with the rise in plant pathogens as well as food microbes. Also, these incidents hugely affect the health and wellness of a larger section of the population whereby signifying the immediate need for systems and technologies for food analysis. Globally nearly 600 million people are affected annually through contaminated food. Globally, this results in over 420,000 deaths annually. Significantly, this marks the requirement for advanced food diagnostic systems to reduce life loss and combat the arising food-related sickness throughout the world. Besides, food-borne illness hinders the health prospects by a larger proportion and has increased the medical expenses in several countries. This is highlighted by WorldBank’s statistic of the expenditure of $110 billion in low and middle-income countries annually due to the rising food-borne diseases. Furthermore, the large usage of pesticides and other chemicals in the cultivation of crops, fruits, and vegetables also increases the risk of heart disease and cancer apart from food poisoning incidences. Additionally, in the year 2017, the Food and Drug Administration (FDA) ordered testing of 91 food items available in grocery stores. The results of these tests showcased that nearly 14 products contained a least of one polyfluoroalkyl substance (PFAS): chocolate cake and icing being infused with the highest amount of PFAS with over 17,600 parts ppt. This marks the need for food quality analysis in supply and distribution processes in industries and farms to avoid major health risks in humans. Consequently, all these food-related adversities reflect the huge necessity for the effective analysis tools which eventually uplifts the global Food diagnostics systems market demand.
North America Emerges As The Leading Region:
Geographically, North America contributed a major regional share of 32% to the global Food diagnostics systems market in the year 2018. This dominance is fostered by the huge adaptation of advanced technology and equipment for food quality testing and a large base of food and foodservice industries in this region. Also, the growing demand for packaged food and RTE food and snack culture necessitates a huge quantity of packaging items such as paper and plastic. The chemicals used in the manufacturing of these packaging products leach into the food items whereby adding toxic chemicals to the food substances. Concurrently, to reduce the PFAS toxicity in food products the US EPA implemented the PFAS Action Plan which will simultaneously promote the domestic Food diagnostics systems market in the forecasted years. Moreover, recently, the Tyson Ventures invested in US food safety company Clear Labs to innovate novel technology for boosting the food supply chain in this region. Subsequently, this investment is likely to advance food diagnostic systems and increase its application in the food industry in this region. Similarly, another major food technology company Ancera raised $8.9 million funding to build technology which will reduce food poisoning and effectively detect contamination. As a result these important investments and law implementations largely boost the domestic Food diagnostics systems market growth.
Leading Companies And Their Contributions:
The global Food diagnostics systems market share is influenced by the key innovations and p[roduct launches of major companies. Some of these key players in this market include 3M Company, Bio-Rad Laboratories, Inc., Neogen Corporation, Foss A/S, Thermo Fisher Scientific Inc., Omega Diagnostics Group PLC, bioMérieux, Inc., Merck KGaA, PerkinElmer Inc., Qiagen, and others.
=> Recently, the 3M Company acquired Elution Technologies to expand its food safety offerings in the global market. This acquisition is benefiting the food and beverage industry through the novel food allergen kits distributed by this company. Some of these products include 3M™ Allergen Protein Rapid Kits and 3M Allergen Protein ELISA Kits. Resultantly, this will increase the demand for the Food diagnostics systems market thereby also promoting the revenue generation.
=> Bio-Rad also recently gained a contract from the United States Department of Agriculture (USDA) for pathogen detection testing products. As a result, the USDA will incorporate the IQ-Check Prep automation system by Bio-Rad to detect pathogens in required food samples.
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