Executive Summary DNA-Based Food Testing Market Size and Share Forecast

DNA-based food testing market will reach at an estimated value of USD 14.77 billion by 2028 and grow at a rate of 6.10% in the forecast period 2021 to 2028. Rise in the number of foodborne illnesses acts as the vital factor escalating the demand for DNA-based food testing market in the forecast period of 2021- 2028.

Complex market insights are represented in a simpler version in the world class DNA-Based Food Testing Market report for the better understanding of end user where most advanced tools and techniques are utilized. The report takes into account several markets internationally including Asia, North America, South America, and Africa in accord with the client’s needs to give them the best possible solutions and detailed information about the market trends. A huge number of top competitors are considered in the steadfast DNA-Based Food Testing Market research report to present the insights on strategic industry analysis of the key factors influencing the market.

The top notch DNA-Based Food Testing Market business report includes estimations of recent state of the market, CAGR values, market size and market share, revenue generation, and necessary changes required in the future products. This market research report is a brilliant guide for actionable ideas, improved decision-making and better business strategies. The market report has information and data in the form of charts, tables and graphs that can be easily understood by the businesses. The market studies, insights and analysis included in DNA-Based Food Testing Market research document keeps marketplace clearly into the focus with which it gets easy to reach to the business goals.

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DNA-Based Food Testing Market Review

Segments

- On the basis of target tested, the global DNA-based food testing market can be segmented into meat & poultry, dairy products, processed foods, fruits & vegetables, and others. The dairy products segment is expected to witness significant growth due to the increasing demand for dairy alternatives and the rise in food safety concerns associated with dairy products.
- By technology, the market can be divided into polymerase chain reaction (PCR), sequencing, microarrays, and others. The polymerase chain reaction (PCR) segment is anticipated to dominate the market as it offers high sensitivity and specificity in detecting specific DNA sequences.
- Based on food tested, the market is categorized into processed foods, meat & seafood products, dairy products, beverages, and others. The processed foods segment is projected to hold a considerable market share owing to the growing demand for packaged and convenience foods globally.

Market Players

- Some of the key players in the global DNA-based food testing market include SGS S.A., Eurofins Scientific, Intertek Group plc, Bureau Veritas, ALS Limited, Thermo Fisher Scientific Inc., Neogen Corporation, Merieux Nutrisciences, Romer Labs Division Holding GmbH, and Bio-Rad Laboratories, Inc. These market players are focusing on strategic initiatives such as mergers and acquisitions, product launches, and partnerships to enhance their market presence and expand their customer base.

The global DNA-based food testing market is witnessing significant growth driven by various factors. One key trend in the market is the increasing adoption of advanced technologies to ensure food safety and authenticity. DNA-based food testing offers several advantages over traditional methods, such as higher sensitivity and specificity, leading to more accurate results. This shift towards DNA-based testing is being fueled by the rising awareness among consumers regarding food safety and quality issues, as well as stringent regulations imposed by regulatory bodies to ensure food traceability and authenticity.

Moreover, the market is also benefiting from the growing demand for packaged and convenience foods worldwide. As consumers become more health-conscious and demanding regarding the quality and safety of the food they consume, food manufacturers are increasingly turning to DNA-based testing to detect contaminants, allergens, and adulterants in their products. This, in turn, is driving the adoption of DNA-based food testing solutions across various food segments, including meat & poultry, dairy products, processed foods, fruits, and vegetables.

In terms of market players, the global DNA-based food testing market is characterized by intense competition, with key players vying for market share through strategies such as mergers, acquisitions, product launches, and partnerships. These strategic initiatives are aimed at enhancing market presence, expanding product portfolios, and gaining a competitive edge in the market. Additionally, market players are investing in research and development activities to introduce innovative DNA-based testing solutions that offer faster results, higher accuracy, and increased efficiency.

Another factor driving the growth of the DNA-based food testing market is the increasing focus on food authenticity and traceability. With food fraud becoming a major concern for consumers and regulators alike, DNA-based testing technologies are being deployed to verify the origin and authenticity of food products. This is particularly crucial in the case of premium food products, organic foods, and products with geographical indications, where ensuring authenticity is paramount.

Overall, the global DNA-based food testing market is poised for substantial growth in the coming years, driven by factors such as increasing awareness of food safety, rising demand for packaged and convenience foods, technological advancements in DNA testing methods, and the implementation of stringent food safety regulations. Market players are expected to continue investing in research and development to introduce innovative solutions and capitalize on the growing demand for DNA-based food testing technologies.The global DNA-based food testing market is experiencing rapid growth and evolution driven by various factors. One significant trend shaping the market is the increasing consumer demand for safe and authentic food products. This growing awareness among consumers regarding food safety issues, coupled with stricter regulatory standards, is propelling the adoption of DNA-based testing methods by food manufacturers. These advanced technologies offer heightened sensitivity and specificity, leading to more precise and reliable results in detecting contaminants, allergens, and adulterants in food products.

Furthermore, the market is witnessing a surge in the demand for packaged and convenience foods globally, driven by shifting consumer preferences towards convenient yet healthy options. As consumers become more health-conscious and discerning about the quality of the food they consume, the need for robust food testing solutions such as DNA-based testing is escalating. This trend is particularly prominent across various segments like processed foods, meat & poultry, dairy products, and fruits & vegetables, where ensuring food safety and authenticity is paramount.

Competition in the global DNA-based food testing market remains fierce, with key players actively engaging in strategic initiatives to strengthen their market position and expand their product offerings. Mergers, acquisitions, product launches, and partnerships are common tactics employed by market players to boost their competitive edge and cater to the evolving needs of the industry. Additionally, investments in research and development activities to introduce innovative DNA testing solutions that offer enhanced speed, accuracy, and efficiency are crucial for sustaining market growth and meeting growing demand.

The emphasis on food authenticity and traceability is another pivotal factor driving market expansion. In light of increasing incidences of food fraud and concerns regarding product origin and quality, DNA-based testing technologies are being increasingly utilized to verify the genuineness of food items. This becomes significantly significant for premium products, organic foods, and those with geographical indications where ensuring authenticity is vital for consumer trust and compliance with regulations.

In conclusion, the global DNA-based food testing market is poised for significant growth in the upcoming years, fueled by factors such as rising consumer awareness, the surge in demand for convenient foods, technological advancements, and stringent regulatory standards. Market players will continue to invest in innovation and strategic partnerships to capitalize on the growing market opportunities and deliver cutting-edge DNA-based testing solutions to meet the evolving needs of the food industry.

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Structured Market Research Questions for DNA-Based Food Testing Market

• What was the market valuation of the DNA-Based Food Testing Market last year?
• What growth rate is forecasted for the next five years?
• What are the top segments classified by function or service?
• Which firms are shaping the future of this DNA-Based Food Testing Market?
• What product expansions are most noteworthy?
• Which countries have high-quality data coverage in the DNA-Based Food Testing Market report?
• What region is outperforming in demand increase?
• Which country leads in adoption of keyword-related products?
• What region has the highest penetration rate?
• What demand-side drivers are at play?

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