Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 867.2 Million | USD 2554.22 Million | 11.4% | 2023 |
Zion Market Research has published a report on the global Polymerase Chain Reaction (PCR) in Agro-Food Market, estimating its value at USD 867.2 Million in 2023, with projections indicating that it will reach USD 2554.22 Million by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 11.4% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Polymerase Chain Reaction (PCR) in Agro-Food Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
The presence of pathogen in Food products has been emerged as important health hazard over the past few years. Hence, there is an urgent need for detection and identification of pathogens using several techniques. The technique which is unique, universal, sensitive, simple, cheap and rapid (within less than 24 hours) includes Polymerase chain reaction (PCR). PCR detects viral pathogens like Hepatitis A virus (HAV), Human Rotavirus (HRV), Bovine Coronaviruses (BCoV) etc., bacterial pathogens like Staphylococcus aureus (SA) . It is expected that the knowledge of this technique will help in diagnosing diseases based on presence or absence of genetic material and thus provide insight into clinical practice in Food testing laboratories.
PCR is a powerful molecular technique for identifying specific genes or DNA sequences. It can detect very small amounts of DNA and can provide results quickly compared with other testing methods. The potential economic benefit of being able to detect GM material is significant, as growers would be able to market their non-GM crops at a premium price. Using PCR technology will provide accurate information quickly and without the need for time-consuming additional testing.
PCR is a powerful tool for pathogen detection and has been successfully used in food safety analysis. The demand for PCR testing increased during a pandemic as a means of detecting contaminated food products from Covid outbreaks. It was observed that large number of food producing companies paid high attention to the growing concerns regarding spread of corona virus through food items. This has further compelled the producers to test for the presence of virus alongside other set of potential pathogens that can lead to infection and outbreak. As a result, the global market witnessed improved demand for PCR in this sector. It is further projected that such benefits will continue to drive the market in future as well. The growing concerns regarding safety of food items and rise in demand for pathogen detection tools will support growth of this market during forecast period as well.
PCR is being increasingly used across the global food processing and production industry. Most of the market players are relying on the on the technology for effective and rapid screening of pathogen in food products before entering the market. This offers them an upper hand for ensuring the product safety and reduces the chances of product recall, which can prove to be expensive. On the other hand, the demand for PCR is growing at a healthy CAGR on account of limited presence of alternatives and high chances of them offering false-positive results.
Moreover, developing economies such as China and India are projected to be highly lucrative regions on account of rise in awareness about food safety coupled with growing population base which consumes packaged food items on regular basis. On account of changing taste and preference of consumers, the market players are adopting innovative methods such as new product launches and improving on quality, packaging and branding strategies. Some manufacturers even offer free replacement for products bearing false-positive results; this helps in garnering consumer confidence leading to improved demand for PCR devices.
This is attributable to as PCR plastics are integral to the process of PCR. They include tubes, plates for holding samples and reagents during different stages of a reaction, caps for sealing these materials when not in use, heat sealers which prevent evaporation from causing an unreliable sample or one that doesn't produce expected results. In addition to this, PCR plates, tubes and caps, and PCR plate seals are used.
Real-Time PCR Systems segment held a share of around 50.54 % in 2020. This is attributable to as RT-PCR has attracted more and more attention in many areas of molecular biology. Only a few applications of this technique have been reported in food sciences up to now. These are mainly related to virus detection and characterization, determination of intron-exon structure, assessment of RNA editing or gene expression analysis. The last three application fields have helped to improve understanding of gene function and expression by providing precise information on transcript molecules.
Report Attributes | Report Details |
---|---|
Report Name | Polymerase Chain Reaction (PCR) in Agro-Food Market |
Market Size in 2023 | USD 867.2 Million |
Market Forecast in 2032 | USD 2554.22 Million |
Growth Rate | CAGR of 11.4% |
Number of Pages | 170 |
Key Companies Covered | Agilient technologies, Biomerieux, Bio rad laboratories, Biotecon diagnostics, Hygiena llc, Minverva biolabs, Qiagen NV, R biopharma, Thermofischer, among others |
Segments Covered | By Product, By Instruments Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global food processing companies, which proves to be a lucrative market for the PCR. With the increasing concerns regarding food safety and growing out-break of infectious diseases through contaminated food, large number of agrofood companies are making use of PCR of effectively detecting pathogen in food products to avoid further spread of the pathogens. This is further supported by stringent government regulations and frequent monitoring and auditing food producing plants by FDA and related authorities.
Some of key players in Polymerase Chain Reaction (PCR) in Agro-Food Market are
By Product
By Instruments Type
By Region
FrequentlyAsked Questions
Zion Market Research has published a report on the global Polymerase Chain Reaction (PCR) in Agro-Food Market, estimating its value at USD 867.2 Million in 2023, with projections indicating that it will reach USD 2554.22 Million by 2032.
The market is expected to expand at a compound annual growth rate (CAGR) of 11.4% over the forecast period 2024-2032.
Some of the key factors driving the Polymerase Chain Reaction (PCR) in Agro-Food Market growth are rising usage of PCR across the global food processing and production industry.
Asia Pacific region held a substantial share of the Polymerase Chain Reaction (PCR) in Agro-Food Market in 2020. This is attributable to the presence of major players such as Biomerieux, Bio rad laboratories, Biotecon diagnostics, among others.
Some of the major companies operating in the Polymerase Chain Reaction (PCR) are Agilient technologies, Biomerieux, Bio rad laboratories, Biotecon diagnostics, Hygiena llc, Minverva biolabs, Qiagen NV, R biopharma, Thermofischer, among others.
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