As per the latest market research conducted by FMI, the global food ultrasound market is expected to record a CAGR of 5.1% from 2023 to 2033. In 2023, the market size is projected to reach a valuation of US$ 119.3 million. By 2033, the valuation is likely to reach US$ 180.1 million.
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.
“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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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.
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.
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.
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.
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Key Segments
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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Author
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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