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IndustryARC
GLOBAL FOOD DIAGNOSTIC EQUIPMENT AND CONSUMABLES MARKET (2013-2020)
By Equipment Type (Chromatographs, Spectrometers, Pcrs, Others), By Consumable Type (Test Kit, Reagents, Labware) By Application (Microbiology, Chemistry, Gmo Others), By Geography
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TABLE OF CONTENTS 1. Executive summary 2. Market overview 3. Food diagnostic equipment and consumables – Market Landscape 3.1. Market share analysis 3.2. Comparative analysis 3.2.1.
Patent analysis
3.2.2.
Top 5 financials analysis
4. Food diagnostic equipment and consumables – Market Forces 4.1. Market Drivers 4.1.1.
Rise in global trade drive demand for food testing diagnostic market
4.1.2.
Rising contamination instances set to increase food testing demand
4.1.3.
Consumer awareness on labeling to mandate effective food testing
4.1.4.
Evolving government regulations to spur demand
4.1.5. Outsourcing of testing, inspection and certification (tic) activities to result in growth of service providers 4.2. Market constraints 4.2.1.
Lack of uniform global regulatory guidelines restrains market demand
4.2.2. Audit limitations dampen demand for food diagnostic equipment and consumables 4.3. Market challenges 4.3.1.
Complexities in enforcing regulatory standards by agencies
4.4. Attractiveness of the food testing equipment market 4.4.1.
Power of suppliers
4.4.2.
Power of customers
4.4.3.
Threat of new entrants
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4.4.4.
Threat of substitution
4.4.5.
Degree of competition
5. Food diagnostic equipment and consumables –Strategic Analysis 5.1. Value chain analysis 5.2. Opportunities analysis 6. Food diagnostic equipment and consumables market– Classification 6.1. Food testing equipment – By Type 6.1.1.
Chromatography Systems
6.1.2.
Mass Spectrometry Systems
6.1.3.
Polymerase chain reaction (PCR) equipment
6.1.4.
Immunoassay systems
6.1.5.
Hybrid systems
6.1.6.
NMR Systems
6.1.7.
Flow Cytometry systems
6.1.8.
Others
6.2. Food testing equipment – by application 6.2.1.
Food chemistry analysis
6.2.2.
Food microbiology analysis
6.2.3.
Food nutrition analysis
6.2.4.
Food allergen analysis
6.2.5.
GMO testing
6.2.6.
Food shelf-life studies
6.2.7.
Others
6.3. Food testing equipment market – By geography 6.3.1.
North America
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6.3.2.
Europe
6.3.3.
Asia-pacific
6.3.4.
ROW
6.4. Food testing Consumables – Classification 6.4.1.
Food testing Consumables – By Type 6.4.1.1 6.4.1.2 6.4.1.3
6.4.2.
Test Kits Reagents General Lab-ware
Food testing Consumables – By Geography 6.4.2.1 6.4.2.2 6.4.2.3 6.4.2.4
North America Europe Asia-pacific ROW
7. Market entropy 7.1. New Product Launches 7.2. M&As, collaborations, JVs and partnerships 8. Company profiles (overview, financials, SWOT analysis, developments, product portfolio) 8.1. 3m Company (U.S.) 8.2. AB SCIEX (U.S.) 8.3. Agilent technologies Inc. (U.S.) 8.4. Ametek Inc. (U.S.) 8.5. Beckman coulter Inc. (U.S.) 8.6. Biomerieux Inc. (France) 8.7. Bio-rad laboratories, Inc. (U.S. 8.8. Bruker Corporation (U.S.) 8.9. Charm Sciences Inc. (U.S.) 8.10.
DuPont nutrition and health Inc. (U.S.)
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8.11.
Elisa technologies, Inc. (U.S.)
8.12.
Foss A/S (Denmark)
8.13.
IDEXX laboratories, Inc. (U.S.)
8.14.
Neogen corporation (U.S.)
8.15.
PerkinElmer Inc. (U.S.)
8.16.
Qiagen N.V (The Netherlands)
8.17.
Roka Bioscience (U.S.)
8.18.
Shimadzu corporation (Japan)
8.19.
Thermo fisher Inc. (U.S.)
8.20.
Waters Corporation (U.S.)
9. Appendix 9.1. Abbreviations 9.2. Sources 9.3. Research methodology 9.4. Bibliography 9.5. Disclaimer
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1. GLOBAL FOOD DIAGNOSTIC EQUIPMENT AND CONSUMABLES – MARKET OVERVIEW 1.1 REPORT DESCRIPTION Food quality and safety have become increasingly important in the recent years. The rising foodborne illness cases annually, free global trade activity and consumer awareness has fuelled the growth of food testing market. Microbial contamination, mislabelling, and adulteration have been the major causes of food scandals around the globe. Illness cases of food allergy also have been largely reported in recent times. Active mass media coverage of such mishaps has pressurized food manufacturers to comply with the regulatory standards and go overboard to appease customers. Thus, food testing and certification are important for any food product manufacturer in the current era to avoid consumer backlash and jeopardize their brand reputation. The report provides a detailed account of all the equipment and consumables used in food diagnostics in terms of both value and volume (unit shipments). The market is segmented into different types of diagnostic equipment and consumable type, application, and geography. Agilent Technologies (U.S.), Thermo Fischer (U.S.), and Shimadzu Corporation (Japan) are the major players accounting for a significant share in the total market. Other players have also been profiled with their, financials, business analysis, recent developments and product overview. The report estimates the market sizes of all segments and also forecasts the market estimates for the same till 2020. Also included in the report is an analysis of the market forces (Drivers, Constraints and Challenges) along with Porter’s five forces of the market.
1.2 STAKEHOLDERS •
Food diagnostic equipment manufacturers
•
Food diagnostic service providers
•
Equipment distributors
•
Consumers
•
Food processing industry
•
Health Professionals
•
Dieticians and Nutritionists
•
Food Standard regulatory institutions
•
Academic and Research Facilities
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2. EXECUTIVE SUMMARY The food diagnostic industry is highly diversified market including of several equipment and consumables. To ensure the safety and nutritional value of a food product to be consumed some tests are conducted. The report provides a detailed analysis of all the diagnostic equipment used for food diagnosis, both in terms of both value and volume (unit shipments). The market is segmented into different equipment types and consumable type, by application and by geography. IndustryARC estimated that the global food diagnostic equipment market size for 2014 to be around $2,792m while that of consumables was around $2,118m. Increasing trade of food around the world, rising instances of food mishaps resulting in product recalls, rising consumer awareness on food to be consumed, regular audits, are the key factors driving the demand for food diagnostic equipment. Stringent regulations enforced by regulatory agencies of different countries are another major factor fuelling the growth of this industry. The food product manufacturers are financing the food diagnostic services not just to ensure match with the food regulations of that country but also to increase marketability of their products by making various claims such as “Cholesterol Free”, “GM Free”, “Fat Free” etc. The food diagnostic equipment market is segmented based on the major types of diagnostic equipment such as mass spectrometers, chromatography, PCR, ELISA, Immunoassay, cytometry and hybrid-systems and others
FIGURE: GLOBAL FOOD DIAGNOSTIC EQUIPMENT MARKET SHARE, BY REGION, 2014 (%)
NA Asia -Pacific Europe ROW
Source: IndustryARC Analysis, Expert Insights North America is the dominant region accounting for XX% in 2014 with revenues of $xx. Rising standards for food safety in China and India is fuelling the demand for food diagnostic equipment and consumables in APAC which is poised to grow at the fastest CAGR of xx% by 2020.
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SAMPLE TABLE: GLOBAL FOOD DIAGNOSTIC EQUIPMENT MARKET BY TYPE, 2013 – 2020 ($MILLION) By Device
2013
2014
2015
2016
2017
2018
2019
2020
Chromatography
xx
xx
xx
xx
xx
xx
xx
xx
CAGR % (20142020) xx%
Mass Spectrometry xx
xx
xx
xx
xx
xx
xx
xx
xx%
Hybrid-Systems
xx
xx
xx
xx
xx
xx
xx
xx
xx%
PCR Equipment
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Immunoassay
xx
xx
xx
xx
xx
xx
xx
xx
xx%
NMR
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Flow Cytometry
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Others
xx
xx
xx
xx
xx
xx
xx
xx
xx%
xx
xx
xx
xx
xx
xx%
Total xx xx xx Source: IndustryARC Analysis, Expert Insights
PCR equipment accounted for the maximum share in 2014 and is estimated to grow with the fastest CAGR through 2020 owing mainly to the rise in the installations. Following PCR, Immunoassay and Hybrid-systems are to grow at faster rate. This diagnostic equipment is mostly used to test the nutritional value and contaminants in the food product. Agilent Technologies Inc. (U.S.) and Thermo Fisher Inc. (U.S.) accounted for considerable share in the market owing to their strong focus on food diagnostic equipment segment. Thermo Fisher Inc. had made collaborations and acquisitions apart from launching six products to increase its revenues from food diagnostic equipment business unit. Agilent Technologies Inc. launched five products, out of which four were hybrid systems. The company launched 6400 LC/MS system, Q-TOF GC/MS System, 5977A Series GC/MSD, and GC-MS system recently which are used for varied applications of food testing.
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FIGURE: FOOD DIAGNOSTIC EQUIPMENT, MARKET SHARE ANALYSIS, BY COMPANY, 2014
THERMO FISHER SCIENTIFIC, INC. BIO-RAD LABORATORIES, INC. Danaher Corporation SHIMADZU CORPORATION 3M Company AGILENT TECHNOLOGIES, INC. bioMerieux SA Others
Source: IndustryARC Analysis, Expert Insights
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4.1 MARKET DRIVERS Rising contamination instances set to increase food testing demand The number of food safety mishaps has increased considerably in the recent times. The mishaps are caused due to presence of the contaminants in high amount and usage of banned ingredients. Recent outbreaks such as the horse DNA scandal in Europe proved that the labelling of the food products is still a significant concern in the food industry. In January 2013, horse DNA was found in meat products labelled as beef and pork in Europe. In some cases, almost 100% of the meat products were found to be incorrectly labelled. Though, horse meat isn’t harmful to human health but it is banned in UK, Ireland and other European countries. This issue has brought the food safety authorities to adopt stringent testing and certification measures to prevent such frauds.
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9.3 RESEARCH METHODOLOGY The quantitative and qualitative data collected for the Global Food Diagnostic Equipment Market is from a combination of secondary and primary sources. Research interviews were conducted with senior executives and/or managers of leading Food Safety Testing Equipment and Consumables manufacturers, distributors & service companies along with R & D and regulatory institutions. These Key Opinion Leaders (KOLs) were then provided a questionnaire to gather quantitative and qualitative inputs on their operations, performance, strategies and views on the overall market, including key developments and technology trends. Data from interviews is consolidated, checked for consistency and accuracy, and the final market numbers are again validated by experts. The global market was split by allergen types, food products, testing types and geography based on critical inputs from primary and secondary sources, understanding of the number of companies operating in each segment and also KOL insights. We have used various secondary sources such as directories, articles, white papers, newsletters, annual reports and paid databases such as OneSource, Hoovers and Factiva to identify and collect information for extensive technical and commercial study of the Food Diagnostic Equipment and Consumables. The key players in the market and its value chain were identified through secondary research and their market opinions were also gathered in a similar way through telephonic interviews and questionnaires. Collating all these data points and using ARC analytical model market numbers were derived.
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THE ARC ADVANTAGE An analytical model lies at the core of our process, ensuring logical consistency throughout our research. We complement the model with secondary data and interviews with industry experts to reflect the latest trends. With our final expert validation, we provide you with only the most accurate and actionable intelligence.
THE ARC PROCESS Analytical Method 1. Granular breakdown of drivers into factors 2. Validate all factors in terms of their present impact on the market 3. Assign weights to these factors in terms of their relevance and impact on the market 4. Build the Analytical Model ANALYTICAL MODEL
Base Method
1. Get a topdown estimate of the market 2. Follow it up with a bottom-up estimate of the market 3. Check forconsistency and new growth factors that are relevant over the next 10 Years
4. Build the Base model BASE MODEL
Consolidation Method 1. Granular breakdown of drivers into factors 2. Validate all factors in terms of their present impact on the market. 3. Assign weights to these factors in terms of their relevance and impact on the market. 4. Build the Consolidated Model
Delphi Verification 1. Verify the findings of the model with experts from across the value chain 2. Verify the findings with players across small and large enterprises 3. Tweak the model and add new factors 4. Finalize the ARC Model
CONSOLIDATED MODEL
ARC MODEL
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