A recent report published by Infinium Global Research on food testing kits market provides an in-depth analysis of segments and sub-segments in the global as well as regional food testing kits market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional food testing kits market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global food testing kits market. According to the report, the global food testing kits market is projected to grow at a CAGR of 6.1% over the forecast period of 2019-2025.
The continuous growing demand for safe and healthy food products among the young and the middle-class consumers is helping to grow the demand for the food testing kits market. Further, the growing incidence of the food-related problems and fake cereal grains, milk and milk-based products in the market is forcing the consumers to demand tested food products. Recently, in India, several people were claiming to the government authorities about plastic rice, which is not digestible, forced the government to promulgate the stricter rule for food products.
The growing incidence of fake food products as sweetmeats, cheese-based products during the festival time in the developing countries are forcing the government to tighten the food testing regulations, which is forcing the food processing companies to adopt the best possible food testing procedure to deliver their tested food products in the market. Additionally, the good food testing procedures help the food processing companies to build a unique place among the consumers and charge a premium for it. Further, the continuous growing income among the young and middle-class consumers are always ready to pay a premium price for safe food. This factor is motivating the food processing companies to fully comply with international food testing standard, and charge a premium for their offering. However, the lack of government commitment to provide safe food to the common masses, and lack of consumer awareness about the importance of the tasted food products in the several developing countries are restricting the growth of the market.
Geographically, the food testing kits market is segmented into the four regions namely, North America, Europe, the Asia-Pacific, and RoW. North America is the largest market of the food testing market, owing to the presence of the stricter government rules and regulations about safe and healthy food. Further, the presence of the aware consumers about the tested food products and its health benefits are helping to continuously grow this market in this region. The Asia-Pacific food testing kits market is expected to grow at the highest CAGR during the forecast period, owing to the continuously growing demand of the tested food products among the young and middle-class consumers.
The report on global food testing kits market covers segments such as sample, technology, and target tested. On the basis of sample, the sub-markets include meat, poultry, and seafood products, dairy products, packaged foods, fruits and vegetables, cereals, grains and pulses, nuts, seeds, and spices, and other samples. On the basis of technology, the sub-markets include PCR-based, immunoassay-based, enzyme substrate-based, and other technologies. On the basis of the target tested, the sub-markets include allergens, mycotoxins, pathogens, GMOs, meat species, and other target tests.
The report provides profiles of the companies in the market such as Merck Millipore, Romer Labs Inc., EnviroLogix Inc, Neogen Corporation, QIAGEN, Bio-Rad Laboratories, Inc., PerkinElmer, Inc., bioMérieux, Eurofins Scientific, and Agilent Technologies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of food testing kits market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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