Molecular Methods Market For Food Safety Testing Growth With Worldwide Industry Analysis To 2026: Grand View Research Inc.

 Molecular Methods Market For Food Safety Testing Growth & Trends

The global molecular methods market for food safety testing size is expected to reach USD 2.9 billion by 2026, expanding at a CAGR of 6.8% during the forecast period, according to a new report by Grand View Research, Inc. Expanding applications of microfluidic chip-based devices and paper-based devices have driven their implementation as simple and rapid solutions for screening of foodborne pathogens. These devices offer numerous advantages such as cost-effectiveness, specificity, sensitivity, ease of usage, and speed.

As a result, molecular assays are gaining substantial popularity over conventional detection methods. Furthermore, numerous initiatives are being undertaken by government agencies, which boosts the adoption of molecular assays. Investments in quality control testing and enforcing regulatory compliance in the course of product testing is one of the common initiatives undertaken. For instance, in July 2019, the United Nations (UN) General Assembly designated two of its agencies for the promotion of food safety across the world–the Food and Agriculture Organization (FAO) and the World Health Organization (WHO)-and developed guidelines related to it.

Moreover, there is increasing demand for proactive supply chain management solutions and IoT sensors for tracking the authenticity during the product development cycle, from the time of its harvestmen to delivery. This is expected to drive research activities. Penetration of blockchain technology, a technology that hails as a savior of food safety and traceability, is attributive to induce substantial progress in the food safety testing market.

Key market participants are undertaking numerous strategic initiatives to expand their molecular technology-based products and services for delivery of better molecular solutions. Furthermore, presence of a substantial number of investors to drive development and adoption of food-safety platforms is aiding in the revenue growth of companies. For instance, in April 2019, Tyson Foods Inc. announced its investment in Clear Labs Inc., a food safety testing company that relies on the robotic platform for detection of pathogens like salmonella.

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Molecular Methods Market For Food Safety Testing Report Highlights

• Polymerase Chain Reaction (PCR) technology offers high sensitivity and specificity, thus attributing to the largest revenue share. Rising implementation of reverse transcriptase (RT)‐qPCR in monitoring bacteria’s metabolic activity during processing and storage is also supporting segment growth
• Biosensorseffectively overcome the drawbacks of microbiological and chemical analyses by eliminating the additional steps of extraction or sample treatment and offering affordability. This is expected to drive the biosensors segment
• The emergence of automated instruments leads to time-saving and convenient data handling and interpretation, thus resulting in the fastest growth rate of the instruments segment
• North America dominated the global market due to the presence of several market participants operating from U.S. and Canada
• The Asia Pacific is poised to witness the fastest growth during the forecast period. This is attributive to the globalization of food trade, imposition of regulatory norms, and growing demand for packaged and organic products in Asian countries

Molecular Methods Market For Food Safety Testing Segmentation

Grand View Research has segmented the global molecular methods market for food safety testing on the basis of technology, product, and region:

Molecular Methods for Food Safety Testing Technology Outlook (Revenue, USD Million, 2015 - 2026)

• Polymerase Chain Reaction (PCR)
• Immunoassay
• Biosensors
• Microarray
• Others

Molecular Methods for Food Safety Testing Product Outlook (Revenue, USD Million, 2015 - 2026)

• Instruments
• Reagents & Consumables
• Services

Molecular Methods for Food Safety Testing Regional Outlook (Revenue, USD Million, 2015 - 2026)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • Japan
• Latin America
  • Brazil
• Middle East and Africa (MEA)
  • South Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.