The report “Rapid Test Market (Services) by Technology (PCR, Immunoassay, HPLC, GC-MS, LC-MS/MS), Contaminant (Pathogens, Meat speciation, GMO, Allergens, Pesticides, Mycotoxin, Heavy Metals), Food Tested (Processed, Crops), and Region – Global Forecast to 2022″, The rapid test market, in terms of value, was valued at USD 10.14 Billion in 2016. It is projected to reach USD 15.71 Billion by 2022, at a CAGR of 7.7% from 2017. The market is driven by factors such as an increase in the requirement for a rapid test results to enhance productivity, increase in product recalls due to stringent regulations, growing incidences of foodborne illness, and globalization of food trade. Growing consumer awareness for food safety and increasing involvement of government & non-government bodies to deliver safe food products to consumers provides new growth opportunities for market players.
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The global market, based on contaminant, is segmented into pathogens, meat speciation, GMOs, allergens, pesticides, mycotoxins, heavy metals, and others which include residues such as veterinary drugs, processing induced chemicals, and dioxins & PCBs. The pathogens segment dominated the market with the largest share in 2016 since the foodborne outbreaks due to pathogens contaminated food products are increasing in the developing as well as developed countries. This is followed by GMO testing of food which is conducted because the seeds have been modified to improve the resistance of plants against insecticides and herbicides. Due to stringent regulations in various regions, several types of foods are tested for GMO content before their introduction in the market.
The rapid test market, based on technology, is segmented into PCR-based, immunoassay-based, chromatography-based, and spectroscopy-based. The PCR-based tests segment dominated the market in 2016 and is projected to grow at the highest CAGR from 2017 to 2022. PCR-based technologies assure reliable and faster test results by automation and use of DNA as a testing basis.
The global market, based on food tested, is segmented into meat & seafood products, dairy & dairy products, processed foods, fruits & vegetables, cereals & grains, nuts, seeds, & spices, crops, and others which include food additives, and sauces. The meat & seafood products segment dominated the market in 2016 and is projected to grow at the highest CAGR due to an increase in foodborne illness due to contaminated meat and regulatory mandates in various regions.
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The requirement for rapid test has grown in the region in recent years, owing to an increase in consumer awareness in the Asia-Pacific region regarding the safety of food products. The growth in this market is fueled by the economic development in countries such as China and India. Food safety procedure compliance in Europe (a major importer) is severe, and in order to hold the food trade, Chinese food producers have to comply with the food standards and regulations. China is a potential market for rapid test due to various factors such as unhygienic food practices, human negligence, regulatory violations, and fraudulent practices growing incidences of foodborne illness due to contaminated food.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. More than 240 developments were tracked for the 25 companies in the market. It includes the profiles of leading companies such as SGS (Switzerland), Bureau Veritas (France), Intertek (UK), Eurofins (Luxembourg), and TUV SUD (Germany).
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