(I-BusinessNews.Com, March 22, 2019 ) The food testing kits market is projected to reach USD 2.38 billion by 2022, at a CAGR of 7.2% from 2017. The food testing kits market is experiencing high growth, particularly in the Asia Pacific and North American regions. The North American region is estimated to account for the highest market share in the food testing kits market. The growth in this region is attributed to the significant growth in the US market as the country has a large prevalence of allergies; also, it is a large producer, importer, and exporter of different types of meat, food products, and a producer of various crops.
The Asia Pacific is projected to be the fastest-growing region from 2017 to 2022, due to its large market base for the meat and dairy industries due to the presence of a large number of consumers and presence of a large number of food adulteration incidences. The growth of this segment is also driven by the increasing export activities in this region, which need onsite testing and faster test results to meet the standards & regulations enforced by different countries and regions.
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The PCR-based technology segment is projected to be fastest-growing technology for food testing kits from 2017 to 2022. PCR technology provides faster and reliable test results, and also helps in the decision-making process for product recalls, which in turn drives its market. Also, the growth of this segment can be attributed to drawbacks of other technologies such as that of ELISA (enzyme-linked immunosorbent assay) technology. PCR technology is also used for testing a variety of targets such as meat species, GMO, allergen, and pathogen analysis.
The meat, poultry, and seafood products segment is projected to be the fastest-growing sample segment for food testing kits from 2017 to 2022. The global food testing kits market, by sample, is categorized into meat, poultry, and seafood products, dairy products, packaged food, fruits & vegetables, cereals, grains & pulses, and nuts, seeds, and spices. One of the major drivers for the growth of meat, poultry, and seafood products segment, due to regulatory mandates provided by regulatory agencies to promote safety and prevent contamination of meat and meat products.
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The meat species segment is projected to be the fastest-growing target segment for food testing kits from 2017 to 2022. Increasing focus on identifying and confirming the authenticity of meat to protect consumer health and to prevent meat adulteration is fueling the market growth for meat.
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