Dioxin Analyzer Market

Dioxin Analyzer Market Outlook (2022 to 2032)

The global dioxin analyzer market is set to enjoy a valuation of US$ 282.8 million in 2022 and further expand at a CAGR of 3.5% to reach US$ 400.6 million by the end of 2032.

Sales of dioxin analyzer market accounted for nearly 2% in global process analyzer market at the end of 2021.

Report Attributes	Details
Dioxin Analyzer Market Size (2021A)	US$ 277.3 Million
Estimated Market Value (2022E)	US$ 282.8 Million
Forecasted Market Value (2032F)	US$ 400.6 Million
Global Market Growth Rate (2022 to 2032)	3.5% CAGR
North America Market Share (2022)	~ 2.2%
North America Market Value (US$ Mn), 2022	US$ 91.2 Million
Europe Market Share (%), 2022	~30.9%
Europe Market Value (US$ Mn), 2022	US$ 87.5 Million
China Market Share (%), 2022	~9%
China Market Value (US$ Mn)	US$ 26 Million
Top 3 country Market Share (%)	~39%
Key Companies Profiled	AB Sciex Pte. Ltd.; Agilent Technologies, Inc.; Bruker Corporation; Gasmet Technologies Oy; Hitachi High-Tech Corporation; JEOL Ltd.; Shimadzu Corporation; Thermo Fisher Scientific Inc.; Krause Manufacturing Watts Water Technologies Inc.

Sales Analysis of Dioxin Analyzer Market (2017 to 2021) Vs. Market Forecast Outlook (2022 to 2032)

The dioxin analyzer market is estimated to expand 1.5X in terms of value by 2032. 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 anticipated to grow considerably over the forecast period.

• Short Term (2022 Q2 to 2025): Utilization and integration of dioxin analyzer in the food product companies to positively impact dioxin analyzer market growth.
• Medium Term (2025 to 2028): Europe and North America anticipated to witness high dioxin analyzer demand on the back of industrial and commercial sectors in these regions, with the global leading players.
• Long Term (2028 to 2032): Increase in the use of dioxin analyzer in government institution will drive dioxin analyzer market demand.

Over the 2017 to 2021 historical period, the global dioxin analyzer market registered a CAGR of -2.7%, and according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 3.5% CAGR between 2022 and 2032.

Market share analysis of dioxin analyzer based on technology and region is provided in a nutshell in the above image. Under the technology segment, GC - HRMS sub-segment dominates with 60.7% market share in 2022.

What’s Driving Demand for Dioxin Analyzer across the Globe?

“Stringent Regulations to Promote Use of Dioxin Analyzers.”

Dioxin is a group of chemical compounds and is highly toxic, which can cause cancer or damage the immune system. Dioxin accumulates in the food chains particularly in dairy products, meat, and fish to name a few.

Thus, governments across the world are implementing stringent regulations, which has forced businesses to pay strict attention to reduce dioxins entering the environment in order to reduce human exposure to them. Thus, routine and regulatory analysis of dioxins and similar compound in food samples is anticipated to drive the demand for dioxin analyzers.

For instance, the European Union now permits the use of GC-MS/MS (mass spectrometry) for the confirmatory analysis in certain foodstuffs and animal feeds. These increasing stringent regulatory oversight on contaminants has resulted in the need for analytical techniques such as dioxin analysis, which in turn, is driving growth of the dioxin analyzer market

“Increasing Need for Safety in Food Products to Reinforce Demand for Dioxin Analyzer.”

The increasing need for safety in food products and protect consumer’s health has raised the need for dioxin analysis testing. food and beverage companies test products at every stage of production in order to quantify the amount of dioxins in the food.

This in turn, is encouraging the demand for dioxin analyzer. These dioxins and related chemicals are getting particular attention owing to its toxic nature and therefore, sensitive and effective detection of dioxins has become imperative.

Further, governments across the world have programs in place to monitor and protect the food supply for the contamination of dioxins. For instance, the World Health Organization (WHO) has put forth toxic equivalency factors for the prevention and control of dioxins in food products. This in turn, is foreseen to unlock more growth avenues for the dioxin analyzer market.

What Do Dioxin Analyzer Manufacturers Need to Watch Out for?

“Changes in Government Regulations Hampering Installation of Dioxin Analyzer”

The sale of dioxin analyzer is subjected to several regulations by government in different countries as well as standards set by the international bodies. Therefore, manufacturers in the dioxin analyzer market are liable to comply with certain regulations and failure to meet these norms could result in civil or criminal penalties.

Such factors are restraining growth of the dioxin analyzer market. For instance, companies in USA have to comply with FDA or certain similar regulatory agency and any significant changes in regulations could reduce the demand for dioxin analyzer.

This can further affect the cost of producing these products. In addition, dioxin analyzer is contingent on capital spending policies of customers (food product companies, laboratories, or government institutions). Therefore, fluctuation in the capital spending capacity of these customers could also restrict the sale of dioxin analyzer in the near term.

Country-wise Insights

Will US Continue its Steady Growth of Dioxin Analyzer?

The United States dioxin analyzer market is currently estimated at US$ 72.3 million and is expected to reach US$ 90.9 million by 2032. The food and beverage industry in North America spectates steady growth, as consumption shores up with a moderate rise in consumer spending. Similar to the FDA Food Safety Modernization Act (FSMA) of the U.S., the intended at creating a unified approach to enforce food safety norms, which will improve the country’s food regulatory system.

Consumers tend to weigh evolving parameters such as the health and safety of food more heavily than they do regarding traditional parameters such as price and taste. This trend has become more profound as the demand for plant-based food products has received significant momentum, and the acquisition of plant-based firms has increased significantly.

The shift towards 'quality of food' in US will make it inevitable for mid-sized companies to leverage the prowess of technology to keep up with the pace of market majors. Recent transactions show that, leading F&B companies are attempting to shift their business models towards small-sized packaging to drive sales through affordability and convenience.

In US, emerging players tend to challenge legacy brands by enriching their portfolios with organic, local, fresh, and healthy products, while leading and prominent players continue to show a marked preference for inorganic growth through the acquisition of start-ups with high growth potential.

Why does China Stand Out as One of the Prominent Marketplace for Dioxin Analyzer?

Asian countries are the markets with high-growth of food and manufacturing industries. This is expected to boost growth of the dioxin analyzer installation in the region owing to the widespread industry.

Further, the higher consumption of meat-based products in East Asian countries, particularly in China and Japan, is expected to offer lucrative opportunities for companies in the dioxin analyzer market as significant amount of tests are conducted on dairy and animal-based products. In addition, increasing industrialization in developing countries of Asia owing to rising infrastructure activities has resulted in the formation of dioxins.

These compound accrue in the food chain, which has necessitated the need for dioxin analysis test in the food product companies. Therefore, these factors will lead the dioxin analyzer manufacturing companies to mark their strong presence in the China. The China market for dioxin analyzer is expected to reach a valuation of US$ 38.8 million in 2032.

Category-wise Insights

Will Market Growth Be Led by GC-HRMS Technology of Dioxin Analyzers?

The market for GC-HRMS will account for nearly 60% of the overall value opportunity during the forecast period 2022 to 2032. Further, GC-HRMS dioxin analyzers cost relatively less to set up, and owing to their significant inspection capabilities, they are projected to gain more traction in demand than GC-MS/MS 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-MS/MS and LC-MS/MS are estimated to reach a market valuation of US$ 101 million by the end of 2022.

Why Food Testing Laboratories Most Lucrative Among All Other Segment?

The food testing laboratories end user segment of dioxin analyzer market is expected as the most lucrative among all other segment in the global market for dioxin analyzer. The segment is projected to grow at a significant CAGR of 1.3% in terms of value across the forecast period. Furthermore, the Government Institutions end user segment will expand ~1.5 times in terms of value by the end of forecast period.

The processed food industry across the world is witnessing a significant growth and it keeps accelerating owing to the constant changing consumer preferences. Further, several e-Commerce players are foraying into sale of processed food, thereby driving growth of the processed food industry. Owing to which the monitoring of dioxins in food has become an essential which is foreseen to reinforce the demand for dioxin analyzer across the forecast period.

Competitive Landscape

Dioxin analyzer manufacturers 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.

• In 2020, Thermo Fisher Scientific Inc., the company announced to acquire QIAGEN, which is a molecular diagnostics and sample preparation technology company. The acquisition is supposed to be valued at US$ 11.5 Bn and is expected to complete the acquisition by 2021. With this acquisition, the company will strengthen its capabilities in clinical and life sciences customers.
• In 2020, Shimadzu Corporation company completed the acquisition of sales company Core Medical Imaging, Inc. based in USA. Through this acquisition, the company will strengthen its healthcare business in North America by providing solutions and service for customers in the states of Washington, Oregon, Idaho and Montana.
• In 2020, PerkinElmer Inc., the company launched its LactoScope FT-IR Spectrometry solution for dairy products analysis. The newly launched product combines advanced optics with in-built software and delivers results under 45 seconds with an accuracy level of under 1% CV.

Fact.MR has provided detailed information about the price points of key manufacturers of dioxin analyzer positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Dioxin Analyzer Industry Research

• By Technology :

  • GC - MS/MS
  • GC - HRMS
  • LC - MS/MS

• By End User :

  • Food Testing Laboratories
  • Government Institutions
  • Food Product Companies

• B Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA