Great investment opportunities in the food safety inspection equipment market

In recent years, food safety problems have emerged one after another and have become a social issue related to the national economy and the people's livelihood. This has had a great impact on the country’s economic development and social stability. Food safety is a long-term and arduous social project. While seeing the problems, many people also found that there are huge investment opportunities in various chains of food safety.

Quality and Innovation "Double Insurance" for Food Inspection Equipment Industry

At present, the main safety issues for food and agricultural products in China are: heavy metal residue, pesticide residues, veterinary drug residues, foodborne pathogens, mycotoxins, illegal addition of non-edible substances, and abuse of food additives. These problems can now be detected by laboratory instruments such as chromatography, mass spectrometry, and spectroscopy, as well as by rapid detection equipment. The broad market prospects in the field of rapid food safety testing have also attracted large amounts of capital to enter this industry. According to research data, the scale of demand for food safety testing equipment in China reached more than 30 billion yuan in 2013, and the growth rate has been maintained at more than 30% in recent years.

Although the current demand for food safety testing instruments in China is large and rising, the actual state of development has not yet reached the desired goal. According to investigations conducted by relevant parties, the supervision of the entire industry chain of the food industry in China has seen many devices from the supervisory side to the corporate side not yet operating. The current annual market size is less than 5 billion yuan. Among them, laboratory equipment and consumables amounted to about 2.5 billion yuan, rapid inspection equipment and consumables amounted to about 1 billion yuan, and third-party inspections amounted to about 1.5 billion yuan.

Therefore, the food testing equipment manufacturing industry should continue to increase investment while seeing the market prospects, and it needs to go further in terms of technological innovation and equipment quality improvement.

In addition, from a digital perspective, the agricultural system, quality inspection, food and medicine, and health metering system have 24,847 testing facilities throughout the country. In 2013, only the agricultural system had a total of 3.1 million law enforcement personnel deployed throughout the year, 621 new testing institutions and laboratories were newly added, and inspection agencies across the country had issued 85 million test reports for food and agricultural products. The annual market size of the instrument should exceed 100 billion yuan. Under such a scale, food safety is still not perfect, so by 2020, the total amount of laboratories and consumables for laboratories and fast-check equipment plus third-party inspections should be more than one trillion yuan.


Judging from the current market situation, food testing equipment has a lot of room for development, and domestic equipment manufacturers have not fully explored these markets. It is necessary to further expand their influence, and innovation in detection technology is indispensable. We should focus on quality. To win, instead of simply relying on quantity to seize the market, the market that will come will not last long. Only the dual guarantees of quality and innovation can inject inexhaustible impetus to the food testing equipment industry.

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