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
- Biosensors effectively
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
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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
- U.S.
- Canada
- Europe
- Germany
- U.K.
- 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.
For more info visit @ https://www.grandviewresearch.com
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