Originally published on Technavio: PCR System for Food Diagnostics Market Analysis North America, Europe, Asia, Rest of World (ROW) – US, Canada, Germany, UK, France – Size and Forecast 2024-2028
**Market Growth Projection:**
The PCR system for food diagnostics market is anticipated to expand by USD 959.59 million, exhibiting a Compound Annual Growth Rate (CAGR) of 8.73% from 2023 to 2028.
**Rationale for Food Safety Standards:**
The demand for stringent food safety standards stems from the necessity for nutritious food to support healthy living. Food manufacturers are compelled to invest significantly in mitigating the risks associated with consumer exposure to contaminated foods. Notable standards include ISO 22000, FSSC 22000, IFS Food, and BRC Food Standards. IFS Food, in particular, stands out as a recognized standard for assessing the quality of manufacturers' products and processes. Moreover, specialized market vendors offer certifications to manufacturers, leveraging a network of food testing laboratories, inspectors, and auditors. These standards play a pivotal role in minimizing risks through validated and controlled manufacturing processes, thus enhancing manufacturers' reputations by ensuring the production of high-quality, safe products. Consequently, the market is poised for growth during the forecast period.
**Comprehensive Market Analysis:**
The market growth analysis report provides a thorough examination of drivers, trends, and challenges. It incorporates historical data spanning from 2018 to 2022, alongside an assessment of the current market scenario.
**Product Analysis:**
**Consumables Segment Overview:**
The consumables segment comprises assays, probes, reagents, and kits. This segment holds a significant share of the polymerase chain reaction (PCR) system market due to its repeated use, broad applicability, ease of handling, and portability. As a result, it is expected to experience substantial market growth during the forecast period.
**Key Factors Driving Growth:**
Vendors are introducing PCR test kits that package both reagents and vials together, offering a convenient single solution for consumers. This strategy aims to reduce the high costs associated with consumables. For instance, the Beer Screening Kit facilitates the rapid and easy detection of beer spoilage bacteria during the production process. By combining it with the floodproof ShortPrep III Kit, it enables the identification of the 30 most significant beer-spoiling bacteria in a single reaction, including genera such as Lactobacillus, Megasphaera, Pediococcus, and Pectinatus.
**Drivers of Segment Growth:**
The consumables segment is bolstered by a diverse range of products tailored for diagnostics, cost-effectiveness, ease of storage in limited space, and frequent replenishment needs. These factors collectively contribute to the segment's growth trajectory during the forecast period.
**Regional Analysis:**
**PCR System for Food Diagnostics Market Share by Geography:**
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**North America's Contribution:**
North America is anticipated to contribute 41% to the global market growth throughout the forecast period. Analysts at Technavio have provided detailed explanations of regional trends and drivers shaping the PCR system market during this period.
**Factors Driving Growth in North America:**
The presence of numerous regulatory organizations in the US and Canada positions these countries as significant revenue contributors. Food and beverage companies operating in these regions are compelled to adhere to stringent standards to ensure the continuous marketing of their products. In Canada, Health Canada oversees the activities of the Canadian Food Inspection Agency, emphasizing safety measures. Additionally, the country employs six independent surveillance systems to estimate the prevalence of foodborne illnesses, indicating the establishment of a rigorous regulatory framework.
Furthermore, the North American food and beverage industry is experiencing growth primarily due to the emergence of genetically modified (GM) foods. This trend is expected to fuel high market growth in North America during the forecast period.
**Market Dynamics:**
**Key Drivers:**
The notable surge in foodborne illnesses is a significant driver propelling market growth. The meals consumed by individuals typically consist of both plant-based and animal-based components, which may harbor various types of microorganisms. Throughout food production and consumption processes, there's a risk of natural source microbes contaminating food. For instance, raw meat can be contaminated during animal slaughter, while fruits and vegetables may encounter contamination during growth or processing stages. Such food contamination leads to spoilage and, when consumed, results in foodborne illnesses.
Globally, foodborne illnesses pose serious public health concerns. Approximately 48 million individuals fall ill due to these illnesses annually, with around 128,000 hospitalizations and approximately 3,000 deaths reported each year. PCR diagnostic systems play a crucial role in identifying microorganisms or human pathogens like Salmonella, E. coli, and Listeria. Consequently, the escalating occurrence of illnesses is expected to drive market growth during the forecast period.
**Significant Trends:**
A noteworthy trend shaping market growth is the increasing consumer awareness regarding food safety. With enhanced connectivity through electronic, print, and digital media, consumers are becoming more informed about safety considerations when purchasing food products. There's a growing emphasis on seeking vital nutritional and safety information on product labels. Social media platforms are also utilized to bolster safety awareness efforts. The International Food Information Council (IFIC) actively monitors data dissemination through various media channels to ensure the global spread of accurate technical information.
Additionally, the Centers for Disease Control and Prevention (CDC) disseminates safety best practices through its website, providing consumers with valuable resources. The collaborative efforts between leading industry authorities and social media platforms further contribute to heightened consumer awareness about food safety. Consequently, increasing consumer consciousness regarding food safety is poised to drive market growth during the forecast period.
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**Major Challenges:**
A significant challenge hindering market growth is the shortage of skilled laboratory professionals in food diagnostics. As awareness about safety and associated systems escalates, conducting efficient food diagnostics necessitates proper handling and compliance with regulatory procedures and good manufacturing practices (GMPs). However, the scarcity of skilled professionals impedes the effective utilization of these systems. The lack of skilled professionals leads to non-compliance among laboratory workers and researchers, resulting in deficiencies in manufacturing safe products.
Moreover, many professionals working in laboratories are either resigning or transitioning to different fields within the medical domain. The high attrition rate among laboratory professionals can be attributed to factors such as dissatisfaction with salaries and inadequate training programs, contributing to the dwindling number of skilled professionals. Consequently, the shortage of skilled professionals is anticipated to impede market growth during the forecast period.
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