According to the current analysis of Reports and Data, the global Food Diagnostics Market was valued at USD 11.76 Billion in 2018 and is expected to reach USD 20.75 Billion by year 2026, at a CAGR of 7.35%. The rising contaminants cases, increasing instances of mislabeling, growing food-borne diseases and mounting consciousness among the consumers about the food safety are the key factors driving the demand for the diagnostic testing market. Contaminants and chemicals which enters during the manufacturing process are considered to be the significant cause for food poisoning which may increase the necessity of testing and diagnostics during the forecasted period. Meat, poultry, & sea-food are expected to dominate the safety testing market for eatables. Additionally, escalating demand for pesticides residue & other contaminants testing will enhance the industry progress over the forecasted time frame.
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Diagnostics refers to the procedure of verification of eatables in order to check safety and to decrease the risk of contamination causing illness. The testing involves the validation of product as indicated on the labels. The safety testing techniques such as microbial contamination and analysis on chemical will provide safer production, processing and delivering the product to the consumer. This diagnostics helps the companies in regulating allergenic components and pathogenic bacteria in eatables.
The act of testing eatables has significantly increased over the past few years pertaining to growing demand for tested products and rising interest for increasing reliability & accuracy of test solutions. However, variation in the tests required for different types and lack of safety awareness in countries across the globe are expected to hinder the market growth over the forecast period of 2018-2026.
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Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented the Food Diagnostics market on the basis of type, diagnostics type, Food tested, test type, contaminants type, technology used and region:
Type (Revenue, USD Million; 2018–2026)
Diagnostics System (Revenue, USD Million; 2018–2026)
Food Tested (Revenue, USD Million; 2018–2026)
Test Type (Revenue, USD Million; 2018–2026)
Contaminants Type (Revenue, USD Million; 2018–2026)
Technology Used (Revenue, USD Million; 2018–2026)
Regional Outlook (Revenue in USD Million; 2018–2026)
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