The food diagnostics market is estimated at USD 16.2 billion in 2023 and is projected to reach USD 23.5 billion by 2028, at a CAGR of 7.7% from 2023 to 2028.
Food diagnostics is the collection of processes and methodologies employed to evaluate and verify food products, guaranteeing their adherence to safety, quality, genuineness, and compliance with regulatory standards. These procedures encompass diverse testing methods and analytical approaches applied across different stages of the food supply chain, encompassing production, processing, distribution, and consumption. It is essential for the evaluation and preservation of the desired quality attributes of food items, which involve assessing characteristics such as flavor, texture, color, fragrance, and overall sensory qualities.
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Thermo Fisher Scientific Inc. (US)
Thermo Fisher Scientific Inc. produces life science solutions, analytical instruments, specialty diagnostics, and laboratory products & biopharma services. The company offers a diverse product portfolio comprising technologies, software, and services and has a vast global network to meet the ever-changing demands of its customers. It has a business segment dedicated to analytical instruments and specialty diagnostics, which includes products and instruments for food diagnostics
Under the life science solutions segment, Thermo Fisher Scientific Inc. caters to both analytical and diagnostic needs. The company has strongly been focusing on acquisitions, product launches, and expansions to strengthen its position in the food diagnostics market. For instance, in March 2022, the company launched different chromatography products for food diagnostics. Leveraging its extensive transportation network and presence in over 150 countries across North America, Europe, Asia, and South America. Some of its major subsidiaries include Thermo Fisher Scientific Peru S.A., Laboratory Management Systems, Inc. (US), Open Biosystems, Inc. (US), Thermo Fisher Scientific Korea Ltd. (South Korea), Fisher Clinical Services LLC (Russia), Fisher Clinical Services Japan K.K., and Thermo Fisher Scientific C.V. (Netherlands), Thermo Fisher Scientific Inc. stands as one of the key players in the global food diagnostics industry. The company has a presence in regions such as Europe, Asia Pacific, Africa, South America, and North America.
Bio-Rad Laboratories, Inc. (US)
Bio-Rad Laboratories, Inc. is one of the leading companies engaged in the production and marketing of a wide range of clinical diagnostics and life science research products. Within the clinical diagnostics and life science segment, Bio-Rad Laboratories, Inc. is a prominent player, providing essential food diagnostics product ranges. The instruments, kits, and consumables for food diagnostics are sold under the life science segment of the company’s business. In the life sciences market, various reagents, apparatus, and laboratory instruments are developed, manufactured, and marketed to a global customer base. For instance, the company Bio-Rad Laboratories, Inc. introduced the QX600 Droplet Digital PCR System, expanding its QX platform family.
Operating in over 138 countries worldwide, Bio-Rad Laboratories, Inc. has established a strong presence with a network of research and development centers in Europe, North America, and Latin America. These centers serve diverse regions across Africa, Europe, Asia, Latin America, North America, and the Middle East, contributing to the company's continuous growth and innovation.
BioMerieux is engaged in the field of in vitro diagnostics, specializing in diagnosing infectious diseases. The company is involved in molecular biology, microbiology, industrial applications, immunoassays, and other diagnostic ranges, which it markets globally.
The company offers various consumables, systems, and test kits for food diagnostics for various food industries such as dairy, processed foods poultry, seafood, and more. For instance, in December 2022, BIOMÉRIEUX CE marked the new VIDAS KUBE, an automated immunoassay system for clinical labs and food industries. This innovative system offers speedy patient care and consumer protection.
Since its inception, the company has had a strong focus on R&D and invests a significant amount in these activities every year. Through its 44 subsidiaries, 18 production sites and 17 R&D sites, BioMerieux has significantly marked its presence in more than 160 countries across Europe, North America, South America, Asia Pacific, the Middle East, and Africa.
Shimadzu Corporation (Japan)
Shimadzu Corporation, a leading Japanese company renowned for its innovation in analytical and scientific instrumentation, offers a wide array of cutting-edge food diagnostics products designed to meet the stringent demands of the food industry. The company operates through five business segments: analytical & measuring instruments, medical systems, industrial machinery, aircraft equipment, and other corporate operations. The food diagnostics products are offered under the analytical & measuring instruments business segment. These high-quality solutions encompass a range of analytical instruments, equipment, and technologies tailored to ensure the safety, quality, and authenticity of food products. Shimadzu's commitment to precision and reliability has established it as a trusted partner for food manufacturers, quality control laboratories, and regulatory authorities around the world.
With a vast global footprint, Shimadzu Corporation operates in over 80 countries and boasts an extensive network of production sites worldwide. Furthermore, the company operates in Japan, North America, South America, China, Africa, and other Asian countries.
Neogen Corporation (US)
Neogen Corporation, a well-established American biotechnology firm, is a prominent provider of innovative food diagnostics products and solutions to the global food industry. With a presence in over 100 countries and an extensive network of production sites across six continents, Neogen Corporation is well-positioned to serve key markets and consumers worldwide. The company operates through its two segments, including food safety and animal safety. With a steadfast dedication to elevating food safety and quality, Neogen offers an extensive range of state-of-the-art diagnostic tools and technologies that address the diverse requirements of food manufacturers, processors, and regulatory bodies.
Neogen’s food diagnostic products are marketed through its food safety segment, reflecting the company's commitment to enhancing food nutrition and promoting a healthier lifestyle. These additives play a crucial role in improving the quality and nutritional value of food, thereby positively impacting the food industry. The company heavily focuses on strategies such as new product launches, expansion, partnerships, and agreements to strengthen its position in the market.
For instance, the company launched multiple food diagnostics in 2020, to expand its product portfolio. With a strong global presence, a diverse range of food safety, and a dedicated focus on food diagnostics within its food safety segment, Neogen Corporation continues to be one of the major players in advancing the food testing and diagnostic sectors by providing innovative solutions that meet the evolving needs of the industry.
Food Diagnostics Market by Type (Systems, Test Kits, and Consumables), Testing Type (Safety and Quality), Site (Outsourcing Facility and Inhouse), Food Tested (Meat, Poultry & Seafood, Dairy Products, Processed Food) and Region - Global Forecast to 2028
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