DUBLIN–(BUSINESS WIRE)–The “North America IR Spectroscopy Market Forecast to 2028 – COVID-19 Impact and Regional Analysis by Technology, Product Type, and End-user” report has been added to ResearchAndMarkets.com’s offering.
The North America IR spectroscopy market is expected to grow from US$ 432.24 million in 2020 to US$ 699.54 million by 2028; it is estimated to grow at a CAGR of 6.5% from 2021 to 2028.
The food industry has continuously strived to be in consonance with the modern developments that have taken place in the food processing. A few aspects that have been enhanced by the implementation of the latest technologies include value addition, freshness, varied flavor and textures, and preservation of nutrient profile. The NIR spectrometers have a broad array of application in agro-food, food units, and many other fields. In agro-food industry, the IR spectroscopy application comprises chemical detection, pesticide residue detection, physical hazards detection, microbiological hazard detection, and food safety & traceability. Moreover, in food industry, the spectrometers deal with different fields of agricultural products such as crops, fruits, vegetables, oil & beverages, and dairy products. The method of observing product’s biochemical qualities, such as skin and flesh color, respiration rate, firmness, content of sugars/pigments/organic acids/volatile and phenolic compounds, and ethylene production, is becoming a huge concern.
Therefore, due to expanding scope of product authenticity and quality, and exposure of falsely labeled foods, the demand for IR spectroscopy in food industry is increasing. Moreover, IR spectroscopy is the leading technology used during the analysis of raw materials, process control, and specifications of the final product in dairy industry. Techniques such as near-infrared and mid-infrared are successfully deployed for assessing milk and dairy product’s quality such as milk powder, whey, whole-plant corn silage (WPCS), and cheese. For instance, Teixeira et al., has determined spectroscopic patterns of antibiotics isolated in milk for detecting minimum amounts of compounds precisely and rapidly. The FTIR spectroscopy is developed to overwhelm limits related to old dispersive instruments. FTIR technique is highly efficient, reliable, easy-to-perform, and no pre-treatment of samples required. This technology provides consistent and direct method for handling various food products with non-damaging analysis.
The US is the worst-hit country in North America due to the outbreak of COVID-19, with thousands of infected individuals facing severe health conditions across the country. Increasing number of infected individuals has led the government to impose lockdown across the nation’s borders during Q2. Most of the manufacturing plants were either temporarily shut or are operating with minimum staff; the supply chain of components and parts is disrupted; these are some of the critical issues faced by the North American manufacturers. The US is one of the largest markets for IR spectroscopy especially in medical, food & beverages, and oil & gas, owing to stringent government/industry regulations regarding safety and quality standards. Also, the country has a larger density of IR spectroscopy manufacturers. However, the outbreak has severely affected the production and revenue generation with the lower number of manufacturing staff. Thus, the factors mentioned above have had a negative impact on the growth of the IR spectroscopy market in the region.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America IR spectroscopy market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in North America IR spectroscopy market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the IR spectroscopy market as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
Market Dynamics
Drivers
- Upraising Applications in Pharmaceutical and Healthcare Industry
Restraints
- Heavy Cost of IR Spectroscopy Solutions
Opportunities
- Forthcoming Growth Opportunity in Food Industry
Future Trends
- Emergence of Portable/Handheld Spectrometers
Companies Mentioned
- Agilent Technologies, Inc.
- Bruker Corporation
- Carl Zeiss AG
- Hitachi, Ltd.
- Horiba, Ltd.
- JASCO International Co., Ltd.
- Lumex Instruments
- PerkinElmer, Inc.
- Shimadzu Corporation
- Thermo Fisher Scientific Inc.
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