A Look into Molecular Methods Market For Food Safety Testing Industry……

Posted by Mrudula Anil Karmarkar on February 16th, 2021

According to a recent report published by Grand View Research Inc., pressures on the foodservice and retail industries stemming from the Covid-19 pandemic is accelerating the expansion of the molecular methods market for food safety testing.

According to a report, “Molecular Methods Market For Food Safety Testing Size, Share & Trends Analysis Report By Technology (PCR, Biosensors, Microarray), By Product (Instruments, Services), And Segment Forecasts, 2019 - 2026”, published by Grand View Research, Inc. The global molecular methods market for food safety testing size is expected to reach USD 2.9 billion by 2026, registering a CAGR of 6.8%, as per a new report by Grand View Research, Inc. The market is predominantly driven by the expanding applications of paper-based devices and microfluidic chip-based devices. The use of these devices is simple for the screening of foodborne pathogens and offers numerous advantages such as specificity, cost-effectiveness, sensitivity, and speed.

Biopharmaceutical innovators are at the forefront of the human response to the coronavirus pandemic. A significant number of major biotech firms are in the midst of a race to investigate the Sars-Cov-2 genome and prepare a viable vaccine for the same. As compared to the speed of response to SARS/MERs etc, the biotech entities are investigating SARs-Cov-2 at an unprecedented rate and a considerable amount of funds are being put into the R&D. With multiple candidates in trial, the public and private sectors are anticipated to work in unison for the foreseeable period, until a vaccine is developed for Covid-19. The report will account for Covid19 as a key market contributor.

The increasing demand for IoT sensors to track the workflow authenticity and proactive supply chain management solutions is driving research activities. In addition, penetration of blockchain technology has hailed as a savior of food traceability and safety, is attributive to encourage substantial progress in the food safety testing market.

Key participants have entered into strategic alliances to enhance product innovation capabilities and stay ahead of the market competition by undertaking initiatives to enhance their molecular technology-based services.  For instance, in April 2019, Tyson Foods Inc. invested in Clear Labs Inc. for developing effective food safety testing systems. In March 2019, 3M introduced a new Molecular Detection Assay 2 and 3M Campylobacter enrichment broth for the detection of Campylobacter during poultry production. 

Molecular Methods Market For Food Safety Testing Report Highlights

1.       Amid the coronavirus (COVID-19) pandemic, consumers have prioritized their food safety than ever before. They expect food safety standards to be sustained and food companies to keep foodborne pathogens out of items such as poultry, meat, and other food products. This has impelled the market players to test their poultry and meat products with approved testing processes and equipment
2.       In 2020, 3M Food Safety has developed the 3M Molecular Detection System (MDS), which has also pulled down the cost of food testing. The system has been chosen by USDA’s Food Safety and Inspection Service for the testing for Listeria monocytogenes and Salmonella  in poultry and meat
3.       In January 2021, Eurofins GeneScan Technologies announced its AOAC PTM Accreditation for the VIRSeek Covid-19 virus workflow detection on environmental surfaces, which includes bioanalytical testing for the food, environmental, feed, clinical diagnostics, and animal health, under the AOAC SARS-CoV-2 Emergency Response Validation Program
4.       SGS Molecular among others, specializes in the field of food investigation with extensive R&D activities at the Competence Centre for Molecular Biology (CCMB). Technologies such as real-time PCR, high-resolution melting test, advanced fragment analysis, end-point PCR, Sanger sequencing, Next-Generation Sequencing (NGS), and digital PCR have surfaced in the market
5.       Polymerase Chain Reaction (PCR) dominated the technology segment in 2018 owing to the prominent developments made in the area including Bio-Rad’s automated iQ-Check RT-PCR testing kit and the U.S. Department of Agriculture’s (USDA) sample preparation system
6.       North America led the overall market in 2018 due to the technical competence in food quality management and stringent government regulatory norms such as the U.S. Food Safety Modernization Act, the Poultry Products Inspection Act, the Food, Drug, and Cosmetic Act, etc.  

Companies have been adopting several strategic initiatives to reinforce their market presence and maintain a competitive share. These strategies include novel product development, collaborative and partnership models, and geographic expansion strategies in untapped regions.

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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

List of Key Players of Molecular Methods Market For Food Safety Testing

1.       QIAGEN
2.       3M
3.       Veredus Laboratories
4.       NEOGEN CORPORATION
5.       Bio-Rad Laboratories, Inc.
6.       Thermo Fisher Scientific, Inc.
7.       bioMérieux SA
8.       ArcherDX, Inc.
9.       HiMedia Laboratories
10.   Eurofins Scientific
11.   SGS SA

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 Information:www.grandviewresearch.com