According to the current analysis of Reports and Data, the global Food Testing Kits market was valued at USD 1.95 Billion in 2019 and is expected to reach USD 3.22 Billion by the year 2027, at a CAGR of 7.0%. 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.
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.
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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; 2017–2027)
Sample Tested (Revenue, USD Million; 2017–2027)
Technology (Revenue, USD Million; 2017–2027)
Regional Outlook (Revenue in USD Million; 2017–2027)
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Further key findings from the report suggest-
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Key insights presented in the report:
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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