The Global Market for Agricultural and Environmental Diagnostics is Projected to Surpass US$7.7 Billion by 2020

Stringent Food Safety Laws Drive Demand for Agricultural & Environmental Diagnostics, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Agricultural and Environmental Diagnostics. The global market for Agricultural and Environmental Diagnostics is projected to surpass US$7.7 billion by 2020, driven by globalization of food supply, growing concerns over food safety and stringent food safety regulations.

Food products such as fruits, vegetables, poultry and milk are perishable and prone to contamination from pathogens and pesticides. Pathogens such as E.coli, Listeria, and Salmonella are linked to various food borne illnesses. Frequent outbreaks of food-borne diseases as a result of food contamination have succeeded in creating public awareness over the importance of food hygiene standards, therefore resulting in greater need for testing. Government legislations, growing safety measures from the food industry, globalization of food supply and growing consumer awareness are factors driving the importance of food testing.

The market for food diagnostics is poised to benefit from the strong growth in demand for packaged foods and specialist diets. The dissolution of trade barriers and the resulting improvement in international food trade has increased the need for consolidation of food safety testing regulations. Implementation of Hazard Analysis and Critical Control Point System (HACCP), and testing for Genetically Modified Organisms (GMO) crops are positively influencing the food diagnostics market. Food microbiology testing is witnessing significant innovation and improvement in testing methods and technologies. The market today is replete with new technologies, which are more efficient and cost-effective. Rapid microbial testing, for instance, not only reduces the time to obtain results but has also emerged as a reliable technology to monitor microorganisms relating to food safety, food spoilage, food fermentation and food preservation.

Food residue testing is also gaining in popularity due to the excessive use of pesticides and the ensuing need for regular screening for chemical contaminants and residues in agricultural produce. Demand for food residue testing is also expected to receive a boost from the move of several countries to implement tolerance levels known as Maximum Residue Limits (MRL) in food products.

As stated by the new market research report on Agricultural and Environmental Diagnostics, Europe represents the largest market worldwide. Emerging markets are expected to fuel future growth, driven in part by their high reliance on agricultural commodity exports and rising emphasis on food safety in the global food supply chain. Asia-Pacific is projected to emerge as the fastest growing regional market with a CAGR of 11% over the analysis period.

Major players covered in the report include 3M Company, bioMérieux SA, Charm Sciences Inc., IDEXX Laboratories Inc., Neogen Corporation, PerkinElmer Inc., and VICAM LP, among others.

The research report titled "Agricultural and Environmental Diagnostics: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, challenges, and strategic industry activities of major companies worldwide. The report provides market estimates and projections for geographic markets such as the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. Segments analyzed include Food Residue Diagnostics, Environmental Testing and Food Microbiology Testing.