Global Food & Agriculture Biosensors Market

Report ID : 1302 | Published : 2022-07-07 | Pages: | Format: PDF/EXCEL

The market size of the Global Food & Agriculture Biosensors Market in the year 2021 is valued at 6.17 billion and is predicted to reach 12.40 billion by the year 2030 at an 8.4% CAGR during the forecast period.

Agriculture and Food Biosensors are analytical instruments that combine multiple biological detecting elements. These devices are primarily used to manage environmental contamination in the agriculture and food industries. Technological advancements in the food and agriculture sectors have created new opportunities. The industry is advanced through providing facilities and inventions such as drones, satellites, and biosensors. Food and agriculture biosensors enable numerous developments in the respective industries, such as disease detection, soil quality, and toxin levels in manufacturing. These devices aid the industry in determining the source and effect of the production pattern's behaviour. Long-term sustainability and improved product quality are two of the most important reasons for implementing Food & Agriculture Biosensors in the respective business. Agriculture Biosensors Desire will be driven by the rising demand for ecological solutions to ensure long-term sustainability.

However, in underdeveloped nations, problems such as continuous internet connectivity, a lack of technical know-how among farmers, and limited finance may stymie the industry. The high initial costs associated with R&D are a significant factor that would limit market revenue growth to some extent throughout the forecast period.

Market Segmentation:

The Food & Agriculture Biosensors market is segmented on the basis of technology and Application. Based on technology, the market is segmented as Thermal, Electrochemical, Optical and Others. Based on Application, the market is segmented into Food Toxins and Environmental and Agriculture.

Based on Application, the electrochemical technology segment is accounted as a significant contributor to the Food & Agriculture Biosensors market.

Direct monitoring and more effective analysis of enzymes and other living cells are key success factors driving demand in this area.The electrochemical technique allows for earlier disease detection and a faster reaction with a more sensitive and practical approach. However, significant advancements in optical technology are expected in the future years. These gadgets are installed to inspect the soil's properties. Optical biosensors are mounted to drones, satellites, or robots to study and regulate soil moisture and organic matter.

The food Toxins segment witnessed growth at a rapid rate.

The food toxins segment is expected to dominate the market over the forecast period. The growing need to identify and correct contaminants in food has increased the demand for biosensors in the food business. The market will be driven by regulatory agencies' strong desire to thoroughly inspect foodstuffs and avoid any dangerous substances that could endanger consumers. Major factors monitored by these electronic instruments include deterioration, detection of salmonella, bacteria, fungi, allergies, and heavy metals. Agriculture applications have the most potential because of the growing trend of precision farming and environmentally friendly practices. These applications test for moisture resistance, soil quality, humidity, water level, herbicide, and pesticide detection.

The North America Food & Agriculture Biosensors market holds a significant revenue share in the region.

The North America Food & Agriculture Biosensors market is likely to register a significant revenue share. Government investment to advance the farming industry and a growing urgency to reduce food poisoning incidents will fuel regional growth. Furthermore, widespread product availability as a result of concentrated local manufacturing enterprises offering cost-effective solutions has fueled demand in North American countries. The farming industry's progress due to technical advancements and the rising requirement to enhance farm output will sustain regional demand. Changing legislation pertaining to more authenticity and safety in consuming items would boost the Food & Agriculture Biosensors Market growth in this area. High investment in the food sector and harsh penalties in the event of a discrepancy in food testing have prompted product penetration in the consumer market. The region's largest contributors will be the United States and Canada.

Competitive Landscape

The key players in the Food & Agriculture Biosensors market have shifted their focus towards bio-based components for product manufacturing and are initiating significant strategies such as mergers, acquisitions, and joint ventures of major and domestic players to enhance product portfolio and strengthen their market footprint across the globe. Some of the major key players in the Food & Agriculture Biosensors market are Bayer AG, dol-sensors A/S, AZUR Environmental, Myron L Company, Cambridge Sensotec Limited, Mouser Electronics, Inc., Hilliard Corporation, The Baker Company, Anguil Environmental Systems, Inc., Yellow Springs Instruments Co, BioFutura Srl, Biomerieux, Affinity Sensors, Ambri Limited, Biosensores S.L., Biosensor Systems Desing, Chemel AB Inventus MB Dustcontrol B.V., Lumex Instruments Group, Biacore AB, Oriental Electric, Texas Instruments Inc., Teledyne CETAC Technologies, Bio Tec, and IVA Co Ltd.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Food & Agriculture Biosensors Market Snapshot

Chapter 4. Global Food & Agriculture Biosensors Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: By Technology Estimates & Trend Analysis

5.1. By Technology & Market Share, 2020 & 2030

5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 for the following By Technology:

5.2.1. Thermal

5.2.2. Electrochemical

5.2.3. Optical

5.2.4. Others  

Chapter 6. Market Segmentation 2: By Application Estimates & Trend Analysis

6.1. By Application & Market Share, 2020 & 2030

6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 for the following By Application:

6.2.1. Food Toxins

6.2.2. Environmental and Agriculture 

Chapter 7. Food & Agriculture Biosensors Market Segmentation 4: Regional Estimates & Trend Analysis

7.1. North America

7.1.1. North America Food & Agriculture Biosensors Market revenue (US$ Million) estimates and forecasts By Technology, 2020-2030

7.1.2. North America Food & Agriculture Biosensors Market revenue (US$ Million) estimates and forecasts By Application, 2020-2030

7.1.3. North America Food & Agriculture Biosensors Market revenue (US$ Million) estimates and forecasts by country, 2020-2030

7.2. Europe

7.2.1. Europe Food & Agriculture Biosensors Market revenue (US$ Million) By Technology, 2020-2030

7.2.2. Europe Food & Agriculture Biosensors Market revenue (US$ Million) By Application, 2020-2030

7.2.3. Europe Food & Agriculture Biosensors Market revenue (US$ Million) by country, 2020-2030

7.3. Asia Pacific

7.3.1. Asia Pacific Food & Agriculture Biosensors Market revenue (US$ Million) By Technology, 2020-2030

7.3.2. Asia Pacific Food & Agriculture Biosensors Market revenue (US$ Million) By Application, 2020-2030

7.3.3. Asia Pacific Food & Agriculture Biosensors Market revenue (US$ Million) by country, 2020-2030

7.4. Latin America

7.4.1. Latin America Food & Agriculture Biosensors Market revenue (US$ Million) By Technology, (US$ Million)

7.4.2. Latin America Food & Agriculture Biosensors Market revenue (US$ Million) By Application, (US$ Million)

7.4.3. Latin America Food & Agriculture Biosensors Market revenue (US$ Million) by country, 2020-2030

7.5. Middle East & Africa

7.5.1. Middle East & Africa Food & Agriculture Biosensors Market revenue (US$ Million) By Technology, (US$ Million)

7.5.2. Middle East & Africa Food & Agriculture Biosensors Market revenue (US$ Million) By Application, (US$ Million)

7.5.3. Middle East & Africa Food & Agriculture Biosensors Market revenue (US$ Million) by country, 2020-2030

Chapter 8. Competitive Landscape

8.1. Major Mergers and Acquisitions/Strategic Alliances

8.2. Company Profiles

8.2.1. Bayer AG

8.2.2. dol-sensors A/S

8.2.3. AZUR Environmental

8.2.4. Myron L Company

8.2.5. Cambridge Sensotec Limited

8.2.6. Mouser Electronics, Inc.

8.2.7. Hilliard Corporation

8.2.8. The Baker Company

8.2.9. Anguil Environmental Systems, Inc.

8.2.10. MB Dustcontrol B.V.

8.2.11. Lumex Instruments Group

8.2.12. Biacore AB

8.2.13. Oriental Electric

8.2.14. Texas Instruments Inc.

8.2.15. Teledyne CETAC Technologies

8.2.16. Yellow Springs Instruments Co

8.2.17. BioFutura Srl

8.2.18. Biomerieux, Affinity Sensors

8.2.19. Ambri Limited

8.2.20. Biosensores S.L.

8.2.21. Biosensor Systems Desing

8.2.22. Chemel AB Inventus Bio Tec

8.2.23. IVA Co Ltd

8.2.24. Other Prominent Players

Segmentation of Food & Agriculture Biosensors Market-

By Technology

  • Thermal
  • Electrochemical
  • Optical
  • Others    

By Application

  • Food Toxins
  • Environmental and Agriculture

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa

Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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reach 12.40 billion by the year 2030 at an 8.4% CAGR during the forecast period.

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