Food Pathogen Detection Technology Markets, 2020-2030: COVID-19 Impact and Recovery – ResearchAndMarkets.com – Business Wire
Posted: April 28, 2020 at 2:51 pm
DUBLIN--(BUSINESS WIRE)--The "Food Pathogen Detection Technology Markets, 2020-2030: COVID-19 Impact and Recovery" report has been added to ResearchAndMarkets.com's offering.
The global food pathogen detection technology market is expected to decline from $10.9 billion in 2019 to $10.3 billion in 2020 at a compound annual growth rate (CAGR) of -5%. The decline is mainly due to the focus on COVID-19 outbreak and its treatment across the globe, while government imposes restrictions on other sectors to operate their processes in full capacity.
The market growth is expected to increase post COVID-19 due to an increased focus on hygiene and good manufacturing practices and manufacturers complying with food safety norms. The market is expected to recover and reach $13.1 billion in 2023 at a CAGR of 4.8%.
Increase in the outbreak of foodborne illness across the world contributed to the growth of the food pathogen detection technology market. According to a report published by WHO in 2018, almost every tenth person falls ill due to pathogens every year and 33 million of healthy life are lost due to foodborne diseases. Diarrhoea is the most common disease caused by contaminated food and almost 550 million people (including 220 million children under 5 years of age) are affected by diarrhoeal diseases. The upsurge in the occurrence of foodborne diseases among the global population increased the demand for food pathogen detection technology driving the market's growth.
Lack of food control infrastructure in developing countries is a major restraint on the food pathogen detection technology market. Food control infrastructure in many developing countries is generally inadequate due to limited resources and poor management. Food control laboratories are often not well equipped and do not have trained staff. Food control systems also face poorly developed compliance guidelines in many developing countries.
Genetic testing technology is being increasingly used for the rapid, sensitive, reliable detection of pathogens on the food. Genetic testing techniques identify the problem even when the pathogens are just formed or are in tiny concentration. For instance, in 2018, LexaGene Holdings Inc., a US-based research and biotechnology company, launched the LX6 analyzer. The LX6 is an automated pathogen detection platform based on genetic testing technology that is used to detect pathogens in food and water in less time and low cost. LX6 has the capability to check for 22 different contaminants in water and food including 2 species of vibrio, 3 species of salmonella, 4 species of shigella, and 2 species of e. coli. The companies in the food pathogen detection technology are investing in the development of new technologies such as genetic technology to enable fast and efficient detection of pathogens.
In February 2019, bioMerieux acquired Invisible Sentinel, a US-based food testing firm for a deal amount of $75 million. The deal is expected to bring innovative solutions to ensure food and beverage quality and to strengthen bioMerieux's position in food pathogen testing and spoilage organism detection. Invisible Sentinel is a US-based firm involved in providing DNA contamination tools for the food, beer, and wine industries.
The food pathogen detection technology market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. Asia-Pacific is expected to grow fastest in the forecast period.
Major players in the food pathogen detection technology market are SGS, Bureau Veritas, Intertek Group, Eurofins Scientific, Silliker, IFP Institut Fr Produktqualitt GmbH, ALS Limited, Asurequality, Microbac Laboratories, and Genetic ID NA.
Key Topics Covered
1. Executive Summary
2. Food Pathogen Detection Technology Market Characteristics
3. Food Pathogen Detection Technology Market Size And Growth
3.1. Global Food Pathogen Detection Technology Historic Market, 2015-2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Food Pathogen Detection Technology Forecast Market, 2019-2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Food Pathogen Detection Technology Market Segmentation
4.1. Global Food Pathogen Detection Technology Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
4.2. Global Food Pathogen Detection Technology Market, Segmentation By Food Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
4.3. Global Food Pathogen Detection Technology Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5. Food Pathogen Detection Technology Market Regional And Country Analysis
5.1. Global Food Pathogen Detection Technology Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Food Pathogen Detection Technology Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/kbpc1w
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