Future Market Insights (FMI) recently published global food ultrasound market research report, taking into account the impact of COVID-19 on the market. According to FMI’s analysis, the market is poised to grow steadily, primarily driven by rising food safety concerns by various governments.
In the recent past, regulatory authorities such as the US FDA have enacted guidelines to strengthen food safety protocols. In 2016, it updated Food Safety Modernization Act (FSMA), outlining Preventative Controls for Human and Animal Food, Produce Safety and Foreign Supplier Verification Programs.
Food ultrasound technologies have especially acquired importance in the wake of the COVID-19 pandemic. Since its onset, the FDA has encouraged greater availability of advanced imaging systems, providing significant traction to food ultrasound systems.
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Key Takeaways
- Global food ultrasound market poised to register steady CAGR through 2030
- Asia-Pacific to be a lucrative food ultrasound market, India to be a key revenue engine
- High intensity frequency range food ultrasound systems to emerge as the most lucrative segment
- Meat processing remains lucrative, fruits & vegetables testing to gain significant momentum
“Stringent government regulations to prevent food contamination and adulteration are paving the way for the emergence of numerous regional and global level food ultrasound device manufacturers,” concludes the FMI analyst.
COVID-19 Impact Insights
COVID-19 induced economic disruptions have had a limited impact on global food sales. However, there was a significant increase in demand for instant foods at the pandemic’s onset.
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After emerging wiser from the 2008 financial meltdown, food processors have been highly cautious, prompting them to secure supply chains. This has enabled them to avoid acute shortages. Owing to this trend, the market for food ultrasound systems is expected to remain stable.
Furthermore, a shift towards vegan diets is increasing scope of testing for plant based foods. For instance, over 12% of consumers in the UK have embraced vegan diets since the pandemic’s onset. A quarter of this sample size consist of millennials.
Therefore, increased health awareness combined with secure supply chains is likely to sustain the growth of food ultrasound market throughout the course of the pandemic crisis.
Competitive Landscape
The global food ultrasound market is characterized by the presence of numerous global level manufacturers. Prominent strategies adopted by them include technological innovations, partnerships, collaborations with research organizations and smaller players, acquisitions and new product launches.
In 2015, Hitachi High-Technologies Corporation collaborated with QIAGEN N.V., involving initiatives to deliver important advances in molecular testing. This collaboration aimed to develop new automation based PCR and NGS systems.
In a similar vein, Siemens Healthcare has launched the ACUSON X700TM Ultrasound System, comprising a 20” LED widescreen display, 180o articulating arm, one-touch image optimization and customizable measurements & presets.
In 2017, researchers at University of British Columbia developed a laser-equipped spectrometer, complete with statistical analysis to ascertain possible adulteration of ground beef samples, with 99% accuracy.
Fujifilm manufactures the Vevo MD ultra-high frequency machine series, equipped with a Power Doppler, which is capable of visualizing the minutest anatomy which a conventional ultrasound cannot achieve.
More Insights on FMI’s Food Ultrasound Market Report
Food Product
- Meat
- Beverages
- Fruits & Vegetables
- Dairy
- Bakery
- Other Food Products
Frequency Range
- Low Intensity
- High Intensity
Region
- North America (U.S & Canada)
- Latin America (Brazil, Mexico, Argentina, Peru, Chile & Rest of LATAM)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Russia & Rest of Europe)
- South Asia (India, Thailand, Indonesia, Malaysia, Singapore & Rest of South Asia)
- East Asia (China, Japan & South Korea)
- Oceania (Australia & New Zealand)
- Middle East & Africa (GCC, South Africa, Turkey, Iran, Israel & Rest of MEA)
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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