Food and Beverage Testing Kits Market Size, Share, And Growth Rate Analysis 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s food and beverage testing kits market report forecasts the food and beverage testing kits market size to grow to $27.33 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.
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Food and Beverage Testing Kits Market Size Forecast
The global food and beverage testing kits market is expected to grow from $18.81 billion in 2022 to $20.33 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The food and beverage testing kits market is expected to grow from $27.33 billion in 2027 at a CAGR of 7.7%.
North America held the largest food and beverage testing kits market share.
Key Food and Beverage Testing Kits Market Driver – Rise In Incidence Of Infectious Diseases
According to the World Health Organization (WHO), close to 600 million people, around 1 in every 10 people, fall sick after the consumption of contaminated food, and close to 420000 people die due to such consumption. These rising incidences of infectious diseases due to contaminated food are expected to increase the demand for testing devices and drive the food and beverage testing kits market during the forecast period.
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Key Food and Beverage Testing Kits Market Trend – introducing forwarding laser light scatter technology
Forward laser light scatters (FLLS) can be used to measure bacterial growth in food and beverage products for an early determination of antimicrobial susceptibility. This technology works by using a laser light source to measure a liquid sample’s optical density (OD). The FLLS system can obtain results in about 6 hours for fast-growing microorganisms and can take up to 18 hours for slower-growing organisms. The high speed and accuracy of this technology are useful in clinical use for expediting testing results, thereby improving the choice of suitable antimicrobial treatment, and supporting processes. Institutes such as Hettich, MIT and Purdue University, St. Jude are using and studying this technology for a better understanding and to increase the accuracy of identifying the pathogens.
Food and Beverage Testing Kits Market Segment
1) By Product: Consumables, Equipment
2) By Application: Meat, Poultry, Seafood, Dairy, Processed Foods, Fruits And Vegetables
3) By Technology: Traditional, Rapid
4) By Contaminants Type: Pathogens, GMO’s, Pesticides, Toxins
Food and Beverage Testing Kits Market Major Players and Strategies
Major players in the food and beverage testing kits market are SGS, Eurofins, Intertek, Mérieux, Bio-Rad Laboratories Inc., Ecolab Inc., Bureau Veritas S.A., ALS Limited, AsureQuality, and FoodChain ID.
In December 2021, Mérieux NutriSciences, a US-based food safety, quality and sustainability company, acquired Dyad Labs for an undisclosed amount. The acquisition would expand Mérieux NutriSciences’ product offering and diversify its portfolio. Dyad labs is a US-based sopecialized chemistry and microbiology testing company providing testing services for Nutraceuticals and Food and Beverage company.
The Food and Beverage Testing Kits Global Market Report 2023 covers regional data on food and beverage testing kits market size, food and beverage testing kits market trends and drivers, opportunities, strategies, and food and beverage testing kits market competitor analysis. The countries covered in the food and beverage testing kits market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Food and beverage testing kits refers to the devices used to carry out procedures and examinations at each stage of the preparation of food and beverages to make sure that all of the ingredients and materials are fit for human consumption.
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