According to the current analysis of Reports and Data, the global Food Testing Kits market was valued at USD 1.78 Billion in 2018 and is expected to reach USD 3.03 Billion by the year 2026, at a CAGR of 6.8%. The market is expected to face a favourable growth scenario as it offers many benefits over conventional technologies. The conventional methods of detecting foodborne pathogen are time-consuming as well as laborious. Generally, the conventional methods require almost 2 to 3 days for preliminary identification and more than a week for confirmation of the species of the pathogens. In addition, since these tests rely on culturing the microorganisms, chances of false-negative results due to viable but non-culturable (VBNC) pathogens are high. However, the kits today offer high specificity and sensitivity. These kits are being increasingly preferred for food quality inspections due to the ease of use and the technical precision used while manufacturing them.
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The Asia Pacific region is expected to project the highest CAGR due to the increasing need to comply with the food testing norms and increased investment into the qualitative aspect of the food industry by the governments. In addition, increasing approval of food testing kits by the regulatory authorities in the region is likely to drive demand. For instance, in June 2019, the Food Safety and Standards Authority of India (FSSAI) gave provisional approval to 19 Rapid Analytical Food Testing (RAFT) kits and devices. The approval was given so that the concerned companies as well as laboratories could get quicker and validated results for tests conducted on various categories of products such as edible oil and milk.
Heavy import duties on the kits along with a lack of adequate infrastructure at various segments of the supply chain poses a significant challenge for the growth of this market. However, necessary government initiatives are gradually helping in overcoming this problem.
Key players in the industry are Romer Labs, Thermo Fischer, Intertek, Qiagen, Biomérieux, Eurofins Scientific, Agilent, Bio-Rad, PerkinElmer, and Millipore Sigma.
For
the purpose of this study, Reports and Data have segmented the Food Testing
Kits market on the basis of target tested, sample tested, technology, and
region:
Target
Tested (Revenue, USD Million; 2016–2026)
·
Allergens
·
Mycotoxins
·
Pathogens
·
GMOs
·
Meat Species
·
Pesticide
Residues
·
Others
Sample
Tested (Revenue, USD Million; 2016–2026)
·
Meat, Poultry
and Seafood Products
·
Dairy Products
·
Fruits and
Vegetables
·
Cereals, Grains
and Pulses
·
Nuts, Seeds and
Spices
·
Packaged Foods
· Others
Technology
(Revenue, USD Million; 2016–2026)
·
PCR-Based
·
Immunoassay-Based
·
Enzyme
Substrate-Based
·
Others
Regional
Outlook (Revenue in USD Million; 2016–2026)
·
North America
·
Europe
·
Asia Pacific
·
Middle East and
Africa
· Latin America
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Further key findings from
the report suggest-
·
The market is
projected to grow significantly in the forecast period. Data handling and
interpretation of pathogens and toxins have become more convenient and
time-saving with the advent of user-friendly test-kits and instruments. In
addition, companies can easily carry out in-house testing rather than
outsourcing it to other labs.
·
Enzyme-analysis
is forecasted to grow at a CAGR of 6.6% in the forecast period. The technology
is used widely in the industry as it is highly specific and offers considerable
cost and time savings over other methods, especially from the sample
preparation standpoint. Moreover, the technology uses non-hazardous reagents,
and are thus environmentally friendly and can be automated for in-line process
monitoring.
·
The packaged
food segment will also be a driving factor for the industry and is expected to
register a CAGR of 6.5% during the period of forecast. Packaged foods need to
be tested for the presence of pathogens that can cause earlier decay so that
the necessary preservatives can be added. In addition, stringent regulations,
particularly in the U.S. and Europe, require companies to carry out tests for
toxins such as allergens and mycotoxins. For instance, in the U.S., The Food
Allergen Labeling and Consumer Protection Act (FALCPA) is the primary federal
law which governs how allergens are represented on packaged foods.
·
The cereals,
grains and pulses segment is anticipated to witness a CAGR of 6.4% in the
forecast period. The main challenge faced by companies within this segment is
to ensure the quality as well as safety of the grains constantly throughout the
supply chain while adhering with regulations and remaining profitable. National
and international regulations have to be taken care of for these products as
they have the maximum trade globally and are susceptible to many different
forms of infection that can cause diseases like Salmonella.
·
Companies
operating in the industry are focusing on providing products and services that
convey a wide range of required testing services. For instance, Romer labs
offer a comprehensive portfolio of mycotoxin test kits for the detection of
regulated mycotoxins in agricultural commodities such as raw grains and nuts,
grain by-products and feed formulations.
· Companies are increasingly merging or acquiring other companies strengthen their market position. In May 2019, Cotecna announced acquiring Neotron, a key global provider of testing services for food products, supplements, pharmaceutical products and cosmetics.
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Key insights presented in the report:
·
Market revenue
shares by major business players, by type, application, and market scope of
global Food Testing Kits market
·
Sales revenue by
key players and new entrants
·
Competitive
analysis of key players, including company overview, product or services specification,
vendors, and buyers.
·
Recent mergers,
acquisitions, product launches, recent investments, and joint ventures
·
Regional analysis
to provide insight into recent trends and opportunities.
Table
of Contents
Chapter 1. Market
Synopsis
Market Definition
Research Scope &
Premise
Methodology
Market Estimation
Technique
Chapter 2. Executive
Summary
2.1. Summary Snapshot,
2018 – 2026
Chapter 3. Indicative
Metrics
3.1. Macro-Economic
Indicators
3.1.1. Increasing cases
of food adulteration
3.1.2. Internationalization
of food trade
3.1.3. Use of synthetic
materials in production of dairy products
3.1.4. Need to address
religious food concerns of consumers
Chapter 4. Food Testing
Kits Segmentation & Impact Analysis
4.1. Food Testing Kits
Segmentation Analysis
4.2. Food Testing Kits
Market Value Chain Analysis, 2016-2026
4.3. Food Testing Kits
Market Impact Analysis
4.3.1. Market driver
analysis
4.3.1.1. Rising need for
portable food testing equipment
4.3.1.2. Increase in
R&D for food testing technologies
Continued….
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