The global Food and Agriculture Biosensors Market is valued at US$6.17 Billion in 2021 and is projected to reach US$12.40 Billion by 2030, growing at a CAGR of 8.4%
— Insightace analysis
NEW JERSEY, NJ, USA, Aug. 24, 2022 /EINPresswire.com/ — InsightAce Analytic Pvt. announces the publication of a Market Assessment Report on the “Global Food and Agriculture Biosensors Market – By Technology (Thermal, Electrochemical, Optical and Others), Application (Food and Environmental and Agricultural Toxins), trends, industry competition analysis, revenue and forecast to 2030.”
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According to the latest research from InsightAce Analytic, the global biosensor market for food and agriculture is valued at US$6.17 billion in 2021, and it is expected to reach US$12.40 billion by 2030. , growing at a CAGR of 8.4% over a forecast period of 2022-2030.
Biosensors for food and agriculture are analytical tools that combine different biological sensing elements. These tools are mainly used to assess and monitor the reduction of environmental pollution in the food and agricultural sectors. Technological development has brought about new opportunities in the food and agriculture sector. The industry has become increasingly advanced offering resources and inventions like drones, satellites and biosensors. The use of food and agricultural biosensors has advanced the areas of disease detection, soil quality and toxin levels in production. The primary objective of installing this equipment is to improve agricultural practices. These tools help the industry determine the root cause and impact on production model behavior. The use of the biosensor for food and agriculture in the relevant sector is mainly driven by long-term sustainability and improving product quality.
The demand for food and agricultural biosensors will be driven by the growing need for technologically sophisticated solutions in the food sector, whether as crops or end products, to avoid the inclusion of any form of pollutants. The boom in the market for food and agricultural biosensors will be fueled by new rules that promote greater authenticity and consumer safety. In addition, heavy metal contamination of foodstuffs has rapidly increased the demand for food safety testing. However, the market in developing countries may be constrained by such things as constant internet availability, lack of technical expertise among farmers and limited financing. A significant factor limiting the market revenue growth throughout the forecast period is estimated to be the high initial costs associated with R&D.
North America is expected to be the major contributor to the food and agriculture biosensors market over the forecast years owing to the widespread acceptance of technological innovation by the agriculture industry. Favorable government rules in the region, technical proficiency of farmers, and other factors crucial to farming business are driving the prosperity of the market. The adoption of the product in the consumer market has been triggered by high investments in the food industry and severe penalties if discrepancies in food testing are discovered. The two main contributors to the region will be the United States and Canada. In addition, the Asia-Pacific biosensors for food and agriculture market is expected to grow significantly over the forecast period. Advances in the agricultural industry will meet regional needs due to advances in technology and the growing need to improve production. Indonesia, Japan, China, India and China are the most prosperous nations.
Major market players operating in the food and agriculture biosensors market are Bayer AG, dol-sensors A/S, Mouser Electronics, Inc., Hilliard Corporation, The Baker Company, AZUR Environmental, Myron L Company, Cambridge Sensotec Limited, Anguil Environmental Systems, Inc., Yellow Springs Instruments Co, BioFutura Srl, Biomerieux, Affinity Sensors, Lumex Instruments Group, Biacore AB, Oriental Electric, Texas Instruments Inc., Teledyne CETAC Technologies, Bio Tec, Ambri Limited , Biosensors SL, Biosensor Systems Design, Chemel AB Inventus MB Dustcontrol BV and IVA Co Ltd.
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Global biosensors for food and agriculture market, by technology, 2022-2030 (value in million US$)
Global Food and Agriculture Biosensors Market, by Application, 2022-2030 (Value in Million US$)
• Food toxins
• Environment and Agriculture
Global Food and Agriculture Biosensors Market, by Region, 2022-2030 (Value in Million US$)
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
North America Food and Agriculture Biosensors Market, by Country, 2022-2030 (Value in Million US$)
Europe Food and Agriculture Biosensors Market, by Country, 2022-2030 (Value in Million US$)
• Rest of Europe
Asia Pacific Biosensors for Food and Agriculture Market, by Country, 2022-2030 (Value in Million US$)
• South Korea
• Australia and New Zealand
Latin America Food and Agriculture Biosensors Market, by Country, 2022-2030 (Value in Million US$)
• Rest of Latin America
Middle East and Africa Food and Agriculture Biosensors Market, by Country, 2022-2030 (Value in Million US$)
• GCC countries
• South Africa
• Rest of the Middle East and Africa
Why buy this report:
Receive a comprehensive outlook analysis of the global Biosensors for Food and Agriculture market
To receive an industry overview and future trends in the Biosensors for Food and Agriculture market
To analyze the drivers and challenges of the Biosensors for Food and Agriculture market
For information on the Biosensors for Food and Agriculture Market value (in Million US$) forecast to 2030
Significant investments, mergers and acquisitions in the Food and Agriculture Biosensors market industry
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