Key Insights into the Food Pathogen Detection Technology Market’s Growth Opportunities for 2024-2033
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What is the Estimated Growth Rate for the Food Pathogen Detection Technology Market Between 2024 and 2033?
In recent years, the market size of food pathogen detection technology has seen solid growth. It is projected to rise from $5.53 billion in 2023 to $5.96 billion in 2024, reflecting a compound annual growth rate (CAGR) of 7.8%. The historic surge in growth can be linked to the increasing worldwide episodes of foodborne diseases and the global expansion of food commerce.
In the coming years, the market size for food pathogen detection technology is predicted to exhibit robust growth. The expectation is for it to reach $8.02 billion by 2028, ballooning at a compound annual growth rate (CAGR) of 7.7%. The projected expansion during this period can be credited to the escalating utilization of high-end food pathogen detection technologies for swift testing and the tightening food safety regulations. Key tendencies during this forecast period comprise the heightened application of genetic testing techniques for the identification of food pathogens, an uptick in pathogen test numbers, a mounting focus on detecting listeria in food samples, increased use of food pathogen detection technologies by independent testing labs, and a rise in mergers and acquisitions in the food pathogen detection technology market.
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What Are the Primary Contributors to the Growth of the food pathogen detection technology Market?
The global surge in foodborne diseases has spurred the growth of the food pathogen detection technology market. These diseases are harmful or infectious conditions that arise from consuming tainted water or food. For instance, as per the statistics made available by the European Food Safety Authority (EFSA), a government entity based in Italy that provides independent scientific advice and dissemination of current and emergent risks in December 2022, the incidents of foodborne outbreaks inflated to 4,005 in the European Union (EU) in the year 2021, a considerable increase of 29.8% from the previous year. This augmentation in the incidents of foodborne diseases globally has led to a heightened demand for food pathogen detection technology, thereby catalyzing the progress of the food pathogen detection technology market.
Which Key Segments Comprise the Food Pathogen Detection Technology Market?
1) By Technology: Traditional Food Pathogen Detection Technology, Rapid Food Pathogen Detection Technology
2) By Type Of Product: Consumables, Equipment
3) By Food Type: Meat & Poultry, Dairy, Processed Food, Fruits & Vegetables, Cereals & Grains
What Are the Key Trends Reshaping the Food Pathogen Detection Technology Market?
The utilization of genetic testing technology for the swift, sensitive, and trustful identification of pathogens in food is witnessing an upward trend. These testing methods can pinpoint issues even when the pathogens have just formed or are present in minuscule amounts. For example, 1health, a diagnostic testing results platform based in the US that ensures accurate results in mere minutes, in July 2022, launched specialized high performing NGS tests partnered with Apollo Health Group. Apollo Health Group is streamlining complex genetic testing processes and eliminating dangerous paper-based systems. Physicians across the US can now register, place orders, and process test results in a swift and secure manner through 1health’s digital platform.
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What Are the Top Regions Fueling Growth in the Food Pathogen Detection Technology Market?
North America was the largest region in the global food pathogen detection technology market in 2023. Middle East is expected to be the fastest-growing region in the forecast period. The regions covered in the food pathogen detection technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Food Pathogen Detection Technology Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the food pathogen detection technology market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Food Pathogen Detection Technology Market Include
1. Food Pathogen Detection Technology Market Executive Summary
2. Food Pathogen Detection Technology Market Segments
3. Food Pathogen Detection Technology Market Size And Template Market Growth Rate
4. Key Food Pathogen Detection Technology Market Trends
5. Major Food Pathogen Detection Technology Market Drivers
……
25. Key Mergers And Acquisitions In The Food Pathogen Detection Technology Market
26. Top Food Pathogen Detection Technology Companies
27. Food Pathogen Detection Technology Market Opportunities And Strategies
28. Food Pathogen Detection Technology Market, Conclusions And Recommendations
29. Appendix
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