Dioxin Analyzer Market Overview
The dioxin analyzer market is estimated to expand 1.4X in terms of value by 2030. Dioxin analyzers are widely used in multiple industries such as food testing laboratories, government institutions, and food product companies to detect the presence of dioxin and dioxin-like polychlorinated biphenyls (di-PCBs). Owing to stringent regulations for food testing, the global dioxin analyzer market is foreseen to grow considerably over the forecast period.
However, the COVID-19 pandemic is having a negative impact on the dioxin analyzer market, as demand for these units is contingent to the growth of the food testing & safety sector. The imposition on shutdowns on manufactories, coupled with operational restrictions and disrupted supply of components in these industries is significantly impacting the expansion of the dioxin analyzer market size.
Dioxin Analyzer Market Insights by Technology
The market for GC-MS/MS dioxin analyzers will account for nearly 50% of the overall value opportunity during the forecast period 2020-2030. Further, GC-MS/MS dioxin analyzers cost relatively less to set up, and owing to their significant inspection capabilities, they are foreseen to gain more traction in demand than GC-HRMS and LC-MS/MS dioxin analyzers.
Growth is attributed to the ability for sensitive determination of trace levels of dioxins in complex sample matrices, coupled with operational simplicity. Collectively, GC-HRMS and LC-MS/MS are foreseen to reach a market valuation of US$ 156 Mn by the end of the forecast period.
Dioxin Analyzer Market Analysis by End User
The food testing laboratories end user segment in the dioxin analyzer market is foreseen to be the most lucrative among all other segments in the global market. Furthermore, the government Institutions end user segment is foreseen to expand 1.5 times in terms of value by the end of the forecast period.
The processed food industry across the world is witnessing significant growth, and it keeps accelerating owing to constant changing consumer preferences. Further, several e-Commerce players are foraying into the sale of processed food, thereby driving growth of the processed food industry. Owing to this, the monitoring of dioxins in food has become essential, which is foreseen to reinforce the demand for dioxin analyzers across the forecast period.
Regional Outlook of Dioxin Analyzer Market
Collectively, North America and Europe are estimated to account for more than 60% of the overall demand pie of the dioxin analyzer market share in 2020. Companies are expectant that post coronavirus pandemic, upsurge in processed food utilization and need for increasing the safety in food products are foreseen to bolster the demand for dioxin analyzers ov.er the coming years
Governments across the world are implementing stringent regulations, which has forced businesses to pay strict attention towards reducing dioxins entering the environment in order to reduce human exposure to them. For instance, the European Union now permits the use of GC-MS/MS (mass spectrometry) for confirmatory analysis in certain foodstuffs and animal feeds. The Europe dioxin analyzer market is foreseen to expand 1.4 times, and is estimated to surpass a market valuation of US$ 116 Mn by the end of 2030.
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Dioxin Analyzer Market: Competitive Landscape
The global dioxin analyzer market is fragmented in nature with the presence of numerous local and regional players. Some of the players are Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Shimadzu Corporation., Bruker Corporation, Hitachi High-Tech Corporation, AB Sciex Pte. Ltd., JEOL Ltd., and Gasmet Technologies Oy.
Players in the dioxin analyzer market are focusing on supplying specific analyzers to their customers according to their country-specific requirements. Moreover, manufacturers are working closely with end users in order to better understand their needs and serve them with high-performance dioxin analyzers.
COVID-19 Impact on Dioxin Analyzer Market
The COVID-19 pandemic has brought about several changes for dioxin analyzer manufacturers, and the industry as a whole. Manufacturers have temporarily shut down their manufacturing plants and the demand for dioxin analyzers is witnessing a downturn. Movement of goods from one place to another has also been restricted due to disruptions in the supply chain, which has affected the import-export of new machines.
This is impacting the growth of the market, as dioxin analyzer sales are contingent to the growth of end-use industries such as food product companies and laboratories. Moreover, companies are witnessing decline in their revenue, which is also affecting production activities, owing to the high investment nature of the industry. As per the recent report published by Fact.MR, it is estimated that, the dioxin analyzer market will be stagnant till the end of 2020, and as the situation is contained, the market will gradually regain its growth trajectory.
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The Analyst’s Viewpoint
“With the ongoing COVID-19 crisis, demand for dioxin analyzers is estimated to remain stagnant until the end of 2020. However, manufacturers are focusing on technological developments to increase the efficiency of dioxin analyzers, which is foreseen to yield positive returns in the near future. Moreover, the rising food testing & safety sector in developing economies such as China and India is also expected to bolster the growth of the dioxin analyzer market”.
Dioxin Analyzer Market: About the Report
Fact.MR published an exclusive forecast report on the dioxin analyzer market for 2020 and 2030. The foremost objective of this report is to pitch spearhead insights on the market scenario, demand generators, and technological advancements in the dioxin analyzer market. Also, the study on the dioxin analyzer market addresses key dynamics that are expected to diversify the sales and future prominence of dioxin analyzers.
The report on the dioxin analyzer market begins with an executive overview, in which, product definition has been provided. The report further proceeds with the taxonomy of the dioxin analyzer market, elaborating on key segments. The report also outlines visionary insights on the dynamics of the dioxin analyzer market, including the drivers, restraints, opportunities, trends, and pricing analysis, along with the key buying factors for dioxin analyzers.
Supply chain analysis and pricing analysis of the dioxin analyzer market along with the difference between dioxin analyzers used as per application have also been included in the report to help readers clearly understand the product framework map in the dioxin analyzer market.
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Key Segments of Dioxin Analyzer Market
Fact.MR’s study on the dioxin analyzer market offers information divided into three key segments - technology, end user, and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.
- GC - MS/MS
- GC - HRMS
- LC – MS/MS
- Food Testing Laboratories
- Government Institutions
- Food Product Companies
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa (MEA)
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
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Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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