The dioxin analyzer market is projected to grow at a CAGR of 3% in terms of value through the period of forecasting between 2020 and 2030. The report suggests that the growth of the market is majorly attributed to the increasing stringency of regulations on food testing and the subsequent adoption of dioxin analyzers to test the presence of dioxin and other chemicals. However, the COVID-19 pandemic has brought the operations to a screeching halt, leading to a downtrend in the demand for dioxin analyzers.
“Dioxin analyzers find adoption across numerous industries, including food testing laboratories, government institutions, and food product companies, to detect the presence of dioxin and dioxin-like polychlorinated biphenyls (di-PCBs), which is expected to remain the crucial driving factor,” says the Fact.MR report.
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Dioxin Analyzer Market – Key Takeaways
- The global dioxin analyzer market is projected to attain a valuation of US$ 376 Mn by the end of 2030.
- Based on the technology, GC-MS/MS dioxin analyzers are expected to hold over half of the overall market value, owing to their low installation cost and higher accuracy.
- By end-user, food-testing laboratories are expected to reach a valuation of US$ 98 Mn by 2030.
- Government institutions and food product companies will hold 3/4th of market value through the assessment period.
- North America and Europe will cumulatively account for over 3/5th of market value, backed by stringent regulations in place pertaining to food safety.
- East Asia is expected to bestow an absolute revenue opportunity worth US$ 20 Mn between 2020 and 2030.
Dioxin Analyzer Market – Driving Factors
- Stringent regulations by food safety authorities are asserting players in the food production sector to seek effective testing methodologies and comply with the norms.
- Growth of the processed food industry backed by ever-evolving consumer preferences will continue to fuel the growth of the dioxin analyzers market.
- The penetration of e-commerce players into sales of processed and emphasis on monitoring dioxins in food will continue to drive demand for dioxin analyzers.
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Competitive Landscape
Dioxin analyzer manufacturers are Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Shimadzu Corporation., Bruker Corporation, Hitachi High-Tech Corporation, AB Sciex Pte. Ltd., JEOL Ltd., and Gasmet Technologies Oy.
Players in the dioxin analyzer market are focusing on supplying specific analyzers to their customers according to their country-specific requirements. Moreover, manufacturers are working closely with end users in order to better understand their needs and serve them with high-performance dioxin analyzers.
- In 2020, Thermo Fisher Scientific Inc., the company announced to acquire QIAGEN, which is a molecular diagnostics and sample preparation technology company. The acquisition is supposed to be valued at US$ 11.5 Bn and is expected to complete the acquisition by 2021. With this acquisition, the company will strengthen its capabilities in clinical and life sciences customers.
- In 2020, Shimadzu Corporation company completed the acquisition of sales company Core Medical Imaging, Inc. based in USA. Through this acquisition, the company will strengthen its healthcare business in North America by providing solutions and service for customers in the states of Washington, Oregon, Idaho and Montana.
- In 2020, PerkinElmer Inc., the company launched its LactoScope FT-IR Spectrometry solution for dairy products analysis. The newly launched product combines advanced optics with in-built software and delivers results under 45 seconds with an accuracy level of under 1% CV.
Fact.MR has provided detailed information about the price points of key manufacturers of dioxin analyzer positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Key Companies Profiled
- AB Sciex Pte. Ltd.
- Agilent Technologies, Inc.
- Bruker Corporation
- Gasmet Technologies Oy
- Hitachi High-Tech Corporation
- JEOL Ltd.
- Shimadzu Corporation
- Thermo Fisher Scientific Inc.
- Krause Manufacturing Watts Water Technologies Inc.
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Segmentation of Dioxin Analyzer Industry Research
- By Technology :
- GC – MS/MS
- GC – HRMS
- LC – MS/MS
- By End User :
- Food Testing Laboratories
- Government Institutions
- Food Product Companies
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
More on the Report
The FACT.MR’s market research report provides in-depth insights into the Dioxin Analyzer Market. The market is scrutinized on the basis of technology (GC-MS/MS, GC-HRMS, and LC-MS/MS) and end user (food testing laboratories, government institutions, and food product companies), across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa).
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