Rapid Food Pathogen Testing Market: Current Analysis and Forecast (2022-2028)
Emphasis on Type (E. Coli, Salmonella, Listeria, and Others); Technology (Convenience Based, PCR- Based, Immunoassay Based, and Other Molecular Based); Application (Meat & Poultry, Fruits & Vegetables, Dairy, and Others); and Region/Country
The rapid food pathogen testing market was valued at USD 2 Billion and is expected to grow at a strong CAGR of around 7.5% during the forecast period (2022-2028). Rapid food pathogen testing is a technique used to quickly detect the presence of harmful microorganisms, such as bacteria, viruses, and parasites, in food samples. This type of testing is important for ensuring the safety of food products and preventing foodborne diseases. For instance, according to the WHO, children under the age of 5 are particularly vulnerable to foodborne diseases, accounting for almost one-third of all deaths related to foodborne illnesses.
There are several different methods of rapid food pathogen testing, including PCR-based techniques, enzyme-linked immunosorbent assays (ELISAs), and lateral flow assays. These methods typically involve amplifying the DNA or protein of the pathogen of interest and detecting it using a specific probe or antibody. Additionally, there are several benefits of rapid food pathogen testing including improved food safety & reducing the risk of illness, more cost-effective than traditional methods, increased efficiency, and enhanced quality control. The market for rapid food pathogen testing is projected to grow in both developed and developing economies because of factors including changing lifestyles and the rising popularity of quick-service restaurants, the rising demand for quality checks on both processed and unprocessed meats.
Some of the major players operating in the market include Bio-Rad Laboratories, Inc.; Merck KGaA; Thermo Fisher Scientific; 3M; Neogen Corporation; R-Biopharm AG; Romer Labs Division Holding GmbH; Eurofins Scientific; Hygiena, LLC; Charm Sciences Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst technology, the immunoassay-based category witnessed the fastest growth during the forecast period.”
Based on technology, the market is segmented into convenience-based, PCR- based, immunoassay based, and other molecular-based. Amongst these, the immunoassay-based category witnessed the fastest growth during the forecast period. This is the increasing use of immunoassay techniques in disease diagnostics is a result of the rise in the prevalence of chronic disorders such as cancer, infections, cardiovascular diseases, autoimmune diseases, diabetes mellitus, and nephrological diseases. The prevalence of cancer is gradually rising, which is anticipated to increase the need for an efficient clinical diagnosis like immunoassay technique. For instance, according to the data published by the American Cancer Society (ACS), in January 2020, around 1.8 million new cancer cases were diagnosed and 606,520 cancer deaths in the United States.
“Amongst application, the dairy category is expected to grow at the fastest CAGR during the forecast period.”
By application, the market is bifurcated into meat & poultry, fruits & vegetables, dairy, and others. Among these, the dairy category is expected to grow at the fastest CAGR during the forecast period. This is mainly due to the increasing consumer demand for safe and high-quality dairy products, cost-effective and efficient testing, the rising incidence of foodborne illnesses, and the development of faster and more accurate methods of pathogen testing. For instance, a biotech start-up named Lexagen announced the introduction of a genetic testing tool in February 2019 that can easily and quickly identify a wide range of food pathogens.
Rapid food pathogen testing can help the dairy industry to minimize the risk of product recalls and reduce costs associated with product spoilage, lost sales, and potential lawsuits. By detecting and eliminating pathogens early on, the dairy industry can ensure the safety and quality of its products, maintain consumer confidence, and protect its brand reputation.
“North America dominated the Rapid Food Pathogen Testing Market in 2021”
North America dominated the rapid food pathogen testing market in 2021. This is mainly due to the growing regional agricultural exports which may increase the likelihood of outbreaks and the health impacts related to microbial infections in food. The market is anticipated to be driven by the rising number of foodborne illnesses in the region. For instance, in the United States, the CDC estimates that there are 48 million cases of foodborne illness annually, resulting in 128,000 hospitalizations and 3,000 deaths.
Rapid Food Pathogen Testing Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global rapid food pathogen testing market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Rapid Food Pathogen Testing Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global rapid food pathogen testing market were the three major steps undertaken to create and analyze the adoption of rapid food pathogen testing in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global rapid food pathogen testing market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the rapid food pathogen testing market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the rapid food pathogen testing market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, technology, and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the rapid food pathogen testing market. Further, we conducted factor analysis using dependent and independent variables such as type, technology, and application of the rapid food pathogen testing market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the rapid food pathogen testing market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global rapid food pathogen testing market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the rapid food pathogen testing market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global rapid food pathogen testing market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global rapid food pathogen testing market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the type, technology, and application in the global rapid food pathogen testing market.
The main objective of the Global Rapid Food Pathogen Testing Market Study
The current & future market trends of the global rapid food pathogen testing market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the rapid food pathogen testing market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of the type, technology, and application
- Define and analysis of the regulatory framework for the rapid food pathogen testing industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the rapid food pathogen testing market for the major region
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the rapid food pathogen testing market and the growth strategies adopted by the market players to sustain in the fast-growing market.
- Deep dive regional level analysis of the industry
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