Market players are targeting emerging regions since they represent credible growth prospects, due to a huge population base and subsequent rise in food demand.
DUBAI, UAE / ACCESSWIRE / November 23, 2020 / The food ultrasound market is expected to expand steadily over the forecast period 2020-2030. The expansion is mainly driven by growing food safety concerns over mislabeling and food adulteration by several governments.
"Strict government regulations to avert food adulteration and contamination, are offering growth prospects for several global and regional level manufacturer of the food ultrasound device." concludes the FMI analyst.
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Food Ultrasound Market - Key Highlights
- The global food ultrasound market is likely to exceed US$ 160 million by 2030 end.
- The Asia Pacific will come out as a lucrative region in the global market due to growing per capita food consumption.
- Rising inclination towards high-intensity ultrasound detection to propel market growth.
- Meat products remain majorly tested among food types over the forecast period.
Food Ultrasound Market - Drivers
- Growing awareness about the quality of food products among customers is promoting the target market.
- The advancement of ultrasound detection systems for the food sector to improve food ultrasound detection is complementing market growth.
Food Ultrasound Market - Restraints
- Technological complications and lack of skilled workforce might impact the market growth
- Strict food safety regulations are aspects that are hindering the growth of the market.
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COVID-19 Impact on the Market
COVID-19 inflicted economic disruptions have had a limited influence on the global sales of food. However, there was a substantial increment in demand for instant foods at the onset of the pandemic. A shift towards vegan diets is boosting the scope of testing for plant based foods. Thus, rising health awareness together with secure supply chains will bolster the growth of the food ultrasound market amid the crisis.
Competitive Landscape
The global food ultrasound market is distinguished by the presence of several global level manufacturers and players. Major players identified in the food ultrasound market are Hitachi Corporation, Analogic Corporation, Siemens Healthcare, Koninklijke Philips N.V, FUJIFILM Holdings Corporation, Mindray Medical International Ltd., Esaote S.p. A, Emerson Electric Co., Robert Bosch GmbH, Dukane IAS, Buehler's Fresh Foods, Newtech, Hielscher Ultrasonics GmbH, Rinco Ultrasonics, and Denny's Franchisee Association.
Players are adopting prominent strategies such as partnerships, technological innovations, collaborations with smaller players and research organizations, new product launches, and acquisitions.
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About the Study
The study offers readers a comprehensive assessment of the food ultrasound market. Global, regional and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights on the basis of food product (meat, beverages, fruits & vegetables, dairy, bakery & other food products) and frequency range (low intensity & high intensity), across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).
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SOURCE: Future Market Insights