Food Diagnostics Market Analysis | Omega Diagnostic Group Plc., VWR International

1. Food Diagnostics Market to Represent a CAGR of 6.70% through 2029 May 2020 Report Id : REP-GB-11430 Published On : Apr 21,2020 Category : Food and Beverages www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights © 2019 Future Market Insights, All Rights Reserved www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights © 2019 Future Market Insights, All Rights Reserved

2. About Future Market Insights Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights,aerial view of the competitive framework,and future market trends. We provide research services at a global as well as regional level; key regions include GCC, ASEAN, and BRIC. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology,Healthcare, and Retail. We have a global presence with delivery centers across India specializing in providing global research reports and country research reports. FMI is headquartered out of London, U.K., with a state-of-the-art delivery center located in Pune, India. We combine our knowledge and learning from every corner of the world to distill it to one thing – the perfect solutionfor our client. Research Capabilities Sector Coverage ❑ ❑ ❑ ❑ ❑ ❑ ❑ ❑ ❑ ❑ ❑ ❑ Customized Research Syndicated Research Investment Research Social Media Research Automotive and Transportation Electronics, Semiconductor, and ICT Retail and Consumer Products Industrial Automation and Equipment Chemicals & Materials Food and Beverages Services and Utilities Energy, Mining, Oil, and Gas Customized Research Subscription Information Syndicated Research For detailed subscription information please contact Hari. T (Sr. Manager - Global Business Development) Investment Research T: +44 (0) 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com Social Media Research www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 2 © 2019 Future Market Insights, All Rights Reserved

3. Research Methodology (1/2) Systematic Research Approach 1 In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. Research & Intelligence Data Collection Data Filter & Analysis Actionable Insights Business Solution Market profiling 2 FMI formulates a detailed discussion guide to conduct expert and industry interviews ❑ ❑ ❑ ❑ Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain Formulating discussion guide 3 A FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts Primary Research ❑ ❑ ❑ ❑ ❑ ❑ Key industry experts Channel study Developments Market dynamics Products Conclusions Developing list of respondents B 4 FMI conducts interviews with industry experts, industry players, distributors and retailers SOLUTION Desk Research Data collection ❑ ❑ ❑ ❑ ❑ Market participants Key strengths Product portfolio Mapping as per value chain Key focus segments C Company Analysis Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data 5 Data validation 6 Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry Data analysis Primary Research# Secondary Research # Paid Publications# ❑ ❑ ❑ ❑ ❑ ❑ ❑ ❑ ❑ ❑ Linkedin Zoominfo Salesforce Avention Company websites Company annual reports White papers Financial reports Factiva GBI Genios Meltwater 7 FMI delivers industry insights and information in the required format (PDF) Insights ❑ ❑ # includes sources of databases www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 3 © 2019 Future Market Insights, All Rights Reserved

4. Food Diagnostics Market Analysis Food diagnostics has gained paramount importance in identifying the microbial contaminants present in food, particularly the fresh produce i.e. fruits and vegetables. Further, accentuation of sanitation measures during COVID-19 pandemic will bode well for market. According to FMI's analysts, the global food diagnostics market will hit approximately US$ 24 Bn by 2029 end. Moreover, the food diagnostics market will receive tailwinds from seafood, meat, and poultry industry in view of heightening demand over the forecast period (2019-2029). However, supply chain disruptions spurred by global outbreak of COVID-19 will alter the market's growth trajectory through the pandemic. "Niche players must follow multipronged growth-oriented strategies such as product development, and strategic partnerships to bolster competitive ascendancy," concludes FMI. Key Takeaways of Food Diagnostics Market Study Processed food diagnostics will gather substantial portion of • revenue share in the overall market stack. • Europe leads the global food diagnostics market on the back of strict safety policies implemented by EU Reference Laboratories (EURLs), National Reference Laboratories (NRLs), and Control Laboratories (CLs). www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 4 © 2019 Future Market Insights, All Rights Reserved

5. Food Diagnostics Market Analysis • Safety segment will register an impressive CAGR over the forecast period by type of test. • Rising incidences of food allergens and food adulteration is impelling the demand for food diagnostics. Food Diagnostics Market - Key Growth Drivers • Multiple outbreaks of food borne illnesses have restated the significance of food diagnostics, specifically during the COVID-19 era. • Favorable and stringent regulatory policies regarding quality and safety of food products are fuelling the growth of food diagnostics market. • Heightened consumer awareness coupled with proliferation of health-conscious consumers is strengthening the food diagnostics market growth. • Advent of advanced technologies such as faster testing in food diagnostics will augur well for market during the projection period. Press Release Source: https://bit.ly/2X4wDBA www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 5 © 2019 Future Market Insights, All Rights Reserved

6. Food Diagnostics Market Analysis Food Diagnostics Market - Key Restraints • Lack of effective collaboration between prominent stakeholders is impeding the growth of food diagnostics market. • Regulatory legislation laxity in developing countries is restricting the market growth in Asia Pacific. Anticipated Impact of COVID-19 on Food Diagnostics Market Major companies in the global food diagnostics market are developing and offering new guidelines on safe consumption and handling of food. According to World Health Organization (WHO), there has been no evidence so far regarding transmission of COVID- 19 via food packaging or food items. However, minuscule traces of SARS-CoV-2 virus were found in a sample of non-potable water in Paris. Therefore, the risk of food contamination cannot be denied. Use of Personal Protective Equipment (PPE) such as gloves and masks is strongly advised for chefs and delivery agents by food diagnostic experts. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 6 © 2019 Future Market Insights, All Rights Reserved

7. Food Diagnostics Market Analysis Hence, governments have been reinforcing food hygiene principles which are bolstering the growth of food diagnostics market during the pandemic. Competitive Landscape of Food Diagnostics Market Some of the noteworthy players in the global food diagnostics market that are featured in this FMI report include, but are not limited to, Thermo Fisher Scientific, The Merck Group, Minnesota Mining and Manufacturing Company, Envirlogix Inc., GEN-IAL GmbH, Qiagen, Agilent Technologies Inc., Hygiena LLC, FOSS A/S, Randox Food Diagnostics, Bio-Rad Laboratories Inc., Danaher Corporation, Biomerieux SA, Biorex Food Diagnostics, 3M Company, Perkinelmer Inc., Biocontrol Systems Inc., VWR International, Omega Diagnostic Group Plc, and Neogen Corporation. Multiple product launches, sustainable development, acquisitions, and partnerships are key strategies being adopted by top players in the food diagnostics market. In addition, sustaining the financial strength during this pandemic is the priority of leading manufacturers as well. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 7 © 2019 Future Market Insights, All Rights Reserved

8. Food Diagnostics Market Analysis Get Information of other Food and Beverages Report of FMI 1. 2. 3. Food Testing Market Dextrose Monohydrate Market Dietary Supplements Market About Future Market Insights (FMI) Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 8 © 2019 Future Market Insights, All Rights Reserved

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