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Global Food Testing Kits Market to reach USD 3.61 billion by 2028.

Global Food Testing Kits Market Size study, by Target (Acute Illness Treatment, Trauma/Injury Treatment, Physical Examinations, Immunization & Vaccination, Other Targets) by Technology (PCR-based, Immunoassay-based, Enzyme substrate-based) and Regional Forecasts 2022-2028

Product Code: OIRFB-31472761
Publish Date: 22-04-2022
Page: 200

Global Food Testing Kits Market is valued approximately USD 2.25 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.00% over the forecast period 2022-2028. Food Testing Kits is a food product testing is the scientific analysis of food and its contents. It is done to provide information about various characteristics of food, including the structure, composition, and physicochemical properties. The growing demand for faster and reliable test results and investments by the biotech industry has led the adoption of Food Testing Kits across the forecast period. For Instance: India is among the top 12 destinations for biotechnology worldwide. The industry comprises >2,700 biotech start-ups and >2,500 biotech companies in the country. India has 665 FDA-approved plants the US; 44% of the Global abbreviated new drug applications (ANDA) and >1400 manufacturing plants, which are compliant with WHO. Also, with the development of multi-contaminant analyzing technology and growing consumer awareness, the adoption & demand for Food Testing Kits is likely to increase the market growth during the forecast period. However, lack of harmonization of food safety regulations and heavy duty on test kits impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the Global Food Testing Kits Market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the Global occurrences of incidences such as foodborne illnesses caused by pathogens. In developed countries, millions of cases of infectious gastrointestinal diseases. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2022-2028. Factors such as growth in incidences of foodborne illnesses, Globalization of food trade, increase in preference for on-site testing, and stringent international food safety regulations would create lucrative growth prospects for the Food Testing Kits Market across Asia-Pacific region.

Major market player included in this report are:
IFP Institut Für Produktqualität (Germany)
Thermo Fisher (US),
Agilent (US),
Eurofins (Luxembourg),
bioMérieux (France),
Neogen (US).
PerkinElmer (US),
Bio-Rad (US),
QIAGEN (Germany),
EnviroLogix (US
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Target:
Meat species
By Technology:
Enzyme substrate-based
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Food Testing Kits Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Food Testing Kits Market, by Region, 2020-2028 (USD Billion)
1.2.2. Food Testing Kits Market, by Target, 2020-2028 (USD Billion)
1.2.3. Food Testing Kits Market, by Technology, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Food Testing Kits Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Food Testing Kits Market Dynamics
3.1. Food Testing Kits Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Growing Demand for Faster and Reliable Test Results Investments By the Biotech Industry
3.1.2. Market Challenges Lack of Harmonization of Food Safety Regulations Heavy Duty on Test Kits
3.1.3. Market Opportunities Development of Multi-Contaminant Analyzing Technology Growing Consumer Awareness
Chapter 4. Global Food Testing Kits Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Food Testing Kits Market, by Target
6.1. Market Snapshot
6.2. Global Food Testing Kits Market by Target, Performance – Potential Analysis
6.3. Global Food Testing Kits Market Estimates & Forecasts by Target 2019-2028 (USD Billion)
6.4. Food Testing Kits Market, Sub Segment Analysis
6.4.1. Pathogens
6.4.2. Meat species
6.4.3. GMOs
6.4.4. Allergens
6.4.5. Mycotoxins
6.4.6. Others
Chapter 7. Global Food Testing Kits Market, by Technology
7.1. Market Snapshot
7.2. Global Food Testing Kits Market by Technology, Performance – Potential Analysis
7.3. Global Food Testing Kits Market Estimates & Forecasts by Technology 2019-2028 (USD Billion)
7.4. Food Testing Kits Market, Sub Segment Analysis
7.4.1. PCR-based
7.4.2. Immunoassay-based
7.4.3. Enzyme substrate-based
Chapter 8. Global Food Testing Kits Market, Regional Analysis
8.1. Food Testing Kits Market, Regional Market Snapshot
8.2. North America Food Testing Kits Market
8.2.1. U.S. Food Testing Kits Market Target breakdown estimates & forecasts, 2019-2028 Technology breakdown estimates & forecasts, 2019-2028
8.2.2. Canada Food Testing Kits Market
8.3. Europe Food Testing Kits Market Snapshot
8.3.1. U.K. Food Testing Kits Market
8.3.2. Germany Food Testing Kits Market
8.3.3. France Food Testing Kits Market
8.3.4. Spain Food Testing Kits Market
8.3.5. Italy Food Testing Kits Market
8.3.6. Rest of Europe Food Testing Kits Market
8.4. Asia-Pacific Food Testing Kits Market Snapshot
8.4.1. China Food Testing Kits Market
8.4.2. India Food Testing Kits Market
8.4.3. Japan Food Testing Kits Market
8.4.4. Australia Food Testing Kits Market
8.4.5. South Korea Food Testing Kits Market
8.4.6. Rest of Asia Pacific Food Testing Kits Market
8.5. Latin America Food Testing Kits Market Snapshot
8.5.1. Brazil Food Testing Kits Market
8.5.2. Mexico Food Testing Kits Market
8.6. Rest of The World Food Testing Kits Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. IFP Institut Für Produktqualität (Germany) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Thermo Fisher (US),
9.2.3. Agilent (US),
9.2.4. Eurofins (Luxembourg),
9.2.5. bioMérieux (France),
9.2.6. Neogen (US).
9.2.7. PerkinElmer (US),
9.2.8. Bio-Rad (US),
9.2.9. QIAGEN (Germany),
9.2.10. EnviroLogix (US),
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
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Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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