PCR System for Food Diagnostics Market by Product and Geography - Forecast and Analysis 2022-2026

The PCR system for food diagnostics market share is expected to increase by USD 977.11 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 8.31%.

This market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (consumables and instruments) and geography (North America, Europe, Asia, and Rest of World (ROW)). The market report also offers information on several market vendors, including Agilent Technologies Inc., Bio Rad Laboratories Inc., bioMerieux SA, BIOTECON Diagnostics GmbH, F. Hoffmann La Roche Ltd., Generon SpA, Genesystem, Hygiena LLC, Lumex Instruments, LuminUltra Technologies Ltd, Merck and Co. Inc., Microsynth AG, Minerva Biolabs GmbH, Molbio Diagnostics Pvt. Ltd., Mylab Discovery Solutions Pvt Ltd., QIAGEN NV, QuantuMDx Group Ltd., R Biopharm AG, SAN Group GmbH, Xiamen Zeesan Biotech Co. Ltd, and Thermo Fisher Scientific Inc. among others.

What will the PCR System for Food Diagnostics Market Size be During the Forecast Period?

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PCR System for Food Diagnostics Market: Key Drivers, Trends, and Challenges

The rising foodborne illnesses is notably driving the market growth, although factors such as climate change and global warming affecting food production may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the PCR system for food diagnostics industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Market Driver

One of the key factors driving growth in the market is the rising number of foodborne illnesses. The food that people consume is mostly plant-based and animal-based and usually contains many types of microorganisms. The huge numbers of foodborne illnesses and illnesses caused by food contamination during processing indicate that F&B manufacturing companies cannot compromise on food safety standards, and therefore, it becomes necessary for these companies to have robust food safety testing products. As companies focus on avoiding financial losses from the manufacture and market launch of unsafe or potentially lethal food products and governments take initiatives for decreasing the economic burden due to illnesses, the demand for food diagnostics systems such as PCR increases.

Key Market Trend

The increasing consumer awareness about food safety is a market trend that is expected to have a positive impact in the coming years. With the world becoming more connected through various forms of electronic, print, and digital media, awareness about food safety among consumers is also increasing; consumers are able to make informed decisions on which food to buy or not to buy. Consumers these days look for vital nutritional and safety information on food labels. Social media is another avenue that is being promoted to increase food safety awareness. With increasing consumer awareness created through these various platforms and collaborative efforts between industry-leading authorities and social media companies, the need for food safety systems increases.

Key Market Challenge

Climate change and global warming affecting food production will be a major challenge for the market during the forecast period. Change in weather patterns globally as well as regionally is collectively referred to as climate change. Climate change has also been referred to as global warming. The US Environmental Protection Agency, the National Aeronautics and Space Administration, and the National Oceanic and Atmospheric Administration attribute climate change to human activity; the excessive use of fossil fuel is leading to rising carbon dioxide levels in the environment, thereby impacting the climate. Changing climate is adversely affecting crops and livestock. Thus, climate change adversely affects food production. With low food production, the demand for food diagnostics such as PCR is also affected, thus restricting the market growth.

This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global PCR system for food diagnostics market as a part of the global life science tools and services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.

Who are the Major PCR System for Food Diagnostics Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• Agilent Technologies Inc.
• Bio Rad Laboratories Inc.
• bioMerieux SA
• BIOTECON Diagnostics GmbH
• F. Hoffmann La Roche Ltd.
• Generon SpA
• Genesystem
• Hygiena LLC
• Lumex Instruments
• LuminUltra Technologies Ltd
• Merck and Co. Inc.
• Microsynth AG
• Minerva Biolabs GmbH
• Molbio Diagnostics Pvt. Ltd.
• Mylab Discovery Solutions Pvt Ltd.
• QIAGEN NV
• QuantuMDx Group Ltd.
• R Biopharm AG
• SAN Group GmbH
• Xiamen Zeesan Biotech Co. Ltd
• Thermo Fisher Scientific Inc.

This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is concentrated and the vendors are deploying growth strategies such as focusing on integrating technologically advanced solutions in their products to enlarge their product portfolio and customer base to compete in the market.

Product Insights and News

• Agilent Technologies Inc. - The company offers real-time PCR detection kits, real-time PCR instruments and software, real-time PCR master mix reagents, real-time PCR nucleic acid isolation and purification kit, and real-time PCR starter kits.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

PCR System for Food Diagnostics Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for PCR System for Food Diagnostics Market?

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41% of the market’s growth will originate from North America during the forecast period. US and Canada the key markets for PCR systems for food diagnostics in North America. Market growth in this region will be slower than the growth of the market in Asian regions.

The presence of several regulatory organizations in the US and Canada will facilitate market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic spread widely across North America, especially in the US, Canada, and Mexico. Various countries such as the US and Canada imposed lockdowns to curb the spread of the disease. The imposition of lockdowns led to restrictions on the movement of people, which influenced some people to start agriculture on their own land. Moreover, there was an increase in the awareness and demand for better nutrition and healthy food among people due to the pandemic, which propelled the growth of the market in North America in 2020. 

What are the Revenue-generating Product Segments in the PCR System For Food Diagnostics Market?

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The market share growth by the consumables segment will be significant during the forecast period. Consumables include assays, probes, reagents, and kits. Due to the repeated use and wide applicability, easy handling, and transport of consumables, this segment has a higher share of the market and will witness high market growth during the forecast period. Owing to the increasing use of consumables, manufacturers are also introducing consumables such as kits and assays for use in several application areas such as for identifying foodborne pathogens, spoilage organisms, viruses, GMOs, and allergens. Vendors are designing PCR test kits as packages, which contain both reagents and vials so that the product is purchased as a single solution and that the high costs incurred on consumables can be curtailed.

This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this PCR System for Food Diagnostics Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive market growth during the next five years
• Precise estimation of the market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• The growth of the PCR system for food diagnostics industry across North America, Europe, Asia, and Rest of World (ROW)
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of market vendors

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