REPORT DESCRIPTION

Market Size and Overview:

According to our research report, the global liquid chromatography food testing market is estimated to reach a total market valuation of USD 21.61Billion by 2023 to USD 35.85 billion by 2030. The market is projected to grow with a CAGR of 7.5% per annum during the period of analysis (2024 - 2030).

Industry Overview

Liquid chromatography is a process utilized to separate and identify proteins, nucleic acids, and small molecules. The separation is based on the interaction of the sample with mobile and stationary phases. The composition of the mobile phase undergoes a complete alteration based on the sample's affinity with the liquid phase. Liquid chromatography finds applications in analytical and preparative purposes, such as dietary supplements, pharmaceuticals, and biotherapeutics. High-performance liquid chromatography (HPLC), a sophisticated form of liquid chromatography, facilitates ultra-trace separations with high sensitivity and precision, contributing to market growth. HPLC is the preferred method for preparing pure materials for clinical, toxicological, inorganic, and trace analyses.

Despite its advantages, the market faces growth constraints, including the high cost of chromatography equipment and a shortage of qualified specialists to operate the equipment. Alternatives such as precipitation, high-resolution ultrafiltration, crystallization, high-pressure refolding, charged ultra-filtration membranes, protein crystallization, capillary electrophoresis, aqueous two-phase extraction, three-phase partitioning, monoliths, and membrane chromatography pose potential threats to market expansion. However, advancements in gas chromatography columns for petrochemical applications and the application of chromatography in cancer research and development present new market opportunities.

Impact of Covid-19 on the Industry

The global healthcare industry has faced operational challenges due to the COVID-19 pandemic, leading to temporary closures of various businesses, including those in healthcare. Despite this, chromatography, as a laboratory-based analytical technique, has seen increased use in researching the Sars-CoV-2 virus and developing treatments, vaccines, and diagnostic tools. The demand for liquid chromatography technologies has grown positively amid the pandemic, contributing to the industry's resilience.

For example, a June 2020 online publication utilized liquid chromatography and mass spectrometry to measure remdesivir levels in a COVID-19 patient's blood plasma, providing insights into the drug's effectiveness against SARS-CoV-2. The pandemic has, therefore, had a favorable impact on the chromatography market.

Market Drivers

The growing adoption of liquid chromatography in food safety is expected to drive market growth globally.

 Concerns about food safety, such as the presence of glyphosate in popular beverages, have led to increased use of liquid chromatography for identifying polar pesticides in food and environmental samples. High-performance liquid chromatography is particularly favored in forensic, toxicology, and environmental laboratories for its analytical capabilities.

Government support, in the form of grants and investments, is another driver of the global liquid chromatography market.

Authorities in the United States, Europe, and Asia Pacific are actively backing the development of liquid chromatography, fostering the creation of new technologies. Increasing government funding for medical research is fueling demand for liquid chromatography equipment, especially in the Asia Pacific region, contributing to the global market's expansion.

Market Restraints

The substantial cost of liquid chromatography instruments poses a challenge to market growth. The complexity and varied features of chromatography equipment contribute to its high cost. Despite variations in cost based on usage, the demand for these instruments in sectors like pharmaceuticals, food and beverage, oil and gas, biotech, and academia has driven up expenses. Small and medium-sized enterprises, as well as research institutions, are increasingly seeking these solutions, amplifying the financial burden on the industry.

Global Liquid Chromatography Food Testing Market - By Product

1. Instruments
2. Consumables & Accessories

Categorized into instruments, consumables, and accessories based on the product type, the consumable category encompasses valves, gauges, liners, and sealers, along with columns, syringe filters, vials, and tubing. The accessories segment further divides into detectors, autosamplers, pumps, flow meters, fraction collectors, as well as mixers, regulators, and mobile phase accessories. The consumables sector dominated the global market in 2021, a trend expected to persist. This dominance is attributed to the increasing use of consumables by the pharmaceutical industry for separating, identifying, and testing various substances, including vitamins, preservatives, additives, proteins, and amino acids.

Global Liquid Chromatography Food Testing Market - By End User

1. Pharmaceutical And Biotechnology Industries
2. Academic Research Institutes

Divided based on end users into oil & gas companies, environmental agencies, academic & research institutions, food & beverage companies, pharmaceutical & biotechnology companies, and others. The pharmaceutical and biotechnology sector held the largest market share in 2021 and is expected to maintain dominance. This is due to the increased use of chromatography techniques for various purposes, including sample identification and analysis for chemicals or trace elements, preparation of pure materials, separation of chiral compounds, and detection of microorganisms.

Global Liquid Chromatography Food Testing Market - By Geography & Region

1. North America
2. Europe
3. Asia-Pacific
4. Latin America
5. The Middle East and Africa

Asia-Pacific exhibits lucrative prospects for major players, developing at the highest rate due to expanding healthcare infrastructure, rising disposable incomes, and an established domestic business presence. The region's investments in the biomedical sector contribute significantly to the global chromatography market's expansion. Anticipated government backing and associated organizations are expected to further strengthen the market in the area.

Global Liquid Chromatography Food Testing Market - By Companies

• Agilent Technologies
• Bio-Rad Laboratories
• Danaher Corporation
• Hitachi Ltd.
• Merck KGAA
• PerkinElmer, Inc.
• RestekCorporation
• Shimadzu Corporation
• Thermo Fisher Scientific, Inc.
• Waters Corporation

Notable Developments in the Global Liquid Chromatography Food Testing Market in the Recent Past:

1. Merger & Acquisition (2021):
   • Bruker Corporation (Nasdaq: BRKR) announced the acquisition of MOLECUBES NV, a dynamic innovator in benchtop preclinical nuclear molecular imaging (NMI) systems. This strategic move positions Bruker as a leading supplier of NMI systems for preclinical and translational imaging research.
2. Merger & Acquisition (2021):
   • Thermo Fisher Scientific Inc. (NYSE: TMO) acquired PPD, Inc. (Nasdaq: PPD), a major international provider of clinical research services to the biopharmaceutical and biotech industries, for $17.4 billion.
3. Research & Development (2019):
   • Thermo Fisher Scientific presented their latest chromatography products and methods during the 48th International Symposium on High-Performance Liquid Phase Separations and Related Techniques (HPLC 2019) at the University of Milano-Bicocca in Milan, Italy.