PUBLISHER: The Business Research Company | PRODUCT CODE: 1435382
PUBLISHER: The Business Research Company | PRODUCT CODE: 1435382
Food and beverage testing kits comprise devices used to conduct examinations and procedures at every stage of food and beverage preparation, ensuring the suitability of ingredients and materials for human consumption.
Primary products in this market encompass consumables and equipment. Equipment within this market detects pathogenic microorganisms in food and beverage samples. Various technologies, including traditional and rapid methods, are utilized to detect contaminants such as pathogens, GMOs, pesticides, and toxins. The applications of food and beverage testing kits span across meat, poultry, seafood, dairy, processed foods, as well as fruits and vegetables.
The food and beverage testing kits market research report is one of a series of new reports from The Business Research Company that provides food and beverage testing kits market statistics, including food and beverage testing kits industry global market size, regional shares, competitors with a food and beverage testing kits market share, detailed food and beverage testing kits market segments, market trends and opportunities, and any further data you may need to thrive in the food and beverages testing kits industry. This food and beverage testing kits market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The food and beverage testing kits market size has grown strongly in recent years. It will grow from $20.33 billion in 2023 to $21.76 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth observed in the historical period can be attributed to several factors, including stringent regulations, public health incidents prompting increased scrutiny, adherence to industry standards and certifications, rising consumer awareness and demand for safe products, as well as the emphasis on compliance by manufacturers and suppliers within the industry.
The food and beverage testing kits market size is expected to see strong growth in the next few years. It will grow to $30.02 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. Forecasted growth is tied to data management, cost efficiency, rapid response capabilities, supply chain management, and industry collaboration. Major trends include remote monitoring, IoT integration, emerging contaminants detection, sustainability in testing, microbiological advancements, and blockchain for traceability.
The increasing prevalence of infectious diseases is contributing to a heightened demand for testing services, thereby propelling the food and beverage testing kits market. Contaminated food or beverages can harbor harmful bacteria, chemicals, or substances, leading to various infectious diseases. Testing devices play a crucial role in evaluating the quality of food and beverages, ensuring consumer safety. According to the World Health Organization (WHO), nearly 600 million people, or approximately 1 in 10 individuals, become ill after consuming contaminated food, resulting in about 420,000 deaths. The escalating incidents of infectious diseases arising from tainted food are anticipated to drive the demand for testing devices and foster growth in the food and beverage testing kits market throughout the forecast period.
The expanding food industry is poised to contribute significantly to the growth of the food and beverage testing kits market. The food industry, encompassing various facets such as farming, food production, packaging, distribution, retail, and catering, constitutes a complex global network supplying the majority of the world's consumed food. Food and beverage testing kits play a crucial role in ensuring the safety of food products by detecting chemical, microbiological, and physical contaminants. For instance, in June 2023, the Food and Agriculture Organization of the United Nations reported that global cereal stocks were projected to increase by 1.7%, reaching a record 873 million tons. Furthermore, global coarse grain production was expected to rise by 3.0% from the 2022 level to 1,513 million tons in 2023. The continuous upward trend in global sugar consumption was also forecasted, indicating an increase of 1.6 million tons or 0.9% over the previous season in 2022-2023. Hence, the expanding food industry is a key driver fueling the growth of the food and beverage testing kits market.
A significant constraint on the food and beverage testing kits market is the lack of awareness concerning food safety and testing. The insufficient knowledge among consumers has led to an increase in food-related diseases, with foodborne illnesses arising from elevated levels of toxins, chemicals, or other harmful particles in food. For instance, the World Health Organization (WHO) reports that nearly 100,000 people fall ill due to the food they consume, with approximately 37,000 recorded deaths in the East Mediterranean region alone. This lack of awareness among consumers regarding food adulteration is expected to limit the demand for food and beverage testing kits, acting as a restraint on the market's growth.
A notable trend in the food and beverage testing kits market is the adoption of forward laser light scatter technology. This technology, known as Forward Laser Light Scatters (FLLS), is employed for measuring bacterial growth in food and beverage products, enabling early determination of antimicrobial susceptibility. FLLS utilizes a laser light source to measure the optical density (OD) of a liquid sample. The system can deliver results in approximately 6 hours for fast-growing microorganisms and up to 18 hours for slower-growing organisms. The rapidity and accuracy of this technology make it valuable in clinical applications for expediting testing results, enhancing the selection of suitable antimicrobial treatments, and supporting various processes. Institutes such as Hettich, MIT, Purdue University, and St. Jude are actively utilizing and researching this technology to enhance pathogen identification accuracy and overall understanding of the testing process.
Prominent companies in the food and beverage testing kits market are increasingly focusing on the implementation of digitalization in the food testing industry as a strategic move to enhance sustainability and gain a competitive edge in the market. Digitalization in the food and beverage testing kit industry involves leveraging digital technologies to enhance food safety, quality, and operational efficiency. For instance, in June 2023, the Food Safety and Standards Authority of India (FSSAI), a statutory body based in India and established under the Ministry of Health and Family Welfare, launched the Rapid Food Testing Kit (RAFT) portal. This digital portal aims to streamline the operations of the RAFT Scheme, ensuring transparency and accountability. Through this portal, all procedures, from application processing to certificate issuance and renewal, can now be completed electronically, providing convenience for applicants. The digitalization efforts encourage the adoption of cutting-edge technologies for food testing, screening, and surveillance purposes, promoting a paperless operation of the RAFT system. This strategic shift toward digitalization aligns with the broader industry trend of incorporating digital technologies to optimize processes, enhance transparency, and foster sustainability in the food and beverage testing kits market.
In December 2021, Merieux NutriSciences, a U.S.-based company focused on food safety, quality, and sustainability, completed the acquisition of Dyad Labs for an undisclosed sum. This strategic move aims to broaden Merieux NutriSciences' product offering and enhance portfolio diversification. Dyad Labs, a U.S.-based specialized chemistry and microbiology testing company, provides testing services primarily for Nutraceuticals and Food and Beverage companies.
Major companies operating in the food and beverage testing kits market report are Berkshire Hathaway Inc., Starbucks Corporation, Compass group PLC, McDonald's Corporation, Aramark corporation, Sodexo, Subway, Darden Restaurants, Yum China Holdings Inc., Chipotle, Restaurant Brands International Inc., Domino's Pizza Inc., Bloomin' Brands Inc., Texas Roadhouse Inc., Brinker International Inc., Cheesecake Factory Inc., Cracker Barrel Old Country Store Inc., Papa John's International Inc., Wendy's Company, Dave & Buster's Entertainment Inc., Buffalo Wild Wings Inc., Jack in the Box Inc., Dunkin' Brands Group Inc., Red Robin Gourmet Burgers Inc., Dine Brands Global Inc., Ruth's Hospitality Group Inc., Chuy's Holdings Inc., Del Taco Restaurants Inc., Zoe's Kitchen Inc., Shake Shack Inc.
North America was the largest region in the food and beverage testing kits market in 2023. Western Europe was the second largest region in the food and beverage testing kits market report. The regions covered in the food and beverage testing kits market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the food and beverage testing kits market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The food and beverages testing kits market consists of sales of reagents and kits such as enzyme-linked immunosorbent assay test kits, and standalone instruments such as chromatography, and mass spectrometry instruments. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in the food and beverages testing kits market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Food and Beverage Testing Kits Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on food and beverage testing kits market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for food and beverage testing kits ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The food and beverage testing kits market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.