Global Animal Product Residue Monitoring Market – Industry Trends and Forecast to 2029

Animal Product Residue Monitoring Market Analysis and Size

The growing number of trade activities across the globe and the movement of organic revolution worldwide is boosting the growth of the market. Moreover, the increasing applications from emerging markets and the food safety regulations worldwide will further create several lucrative growth opportunities for the market during the forecasted period. 

Data Bridge Market Research analyses that the animal product residue monitoring market was valued at USD 4705.00 million in 2021 and is expected to reach the value of USD 6006.60 million by 2029, at a CAGR of 3.10% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Animal Product Residue Monitoring Market Scope and Segmentation

Market Definition

Animal product residue or chemical residue can be found in the animal tissues, milk, honey or eggs after administering the veterinary drugs and medicated premixes, applying pesticides to animals or consuming stock feeds previously treated with agricultural chemicals. The targeted monitoring systems for animal product residues are designed to meet relevant management goals or to track possible chemical residues that may present the risk of access to exports or domestic markets.

Global Animal Product Residue Monitoring Market Dynamics

Drivers

• Growing implementation of stringent food safety regulations

The implementation of stringent food safety regulations and the rising demands for the safety and testing protocols across the globe are the main factors fuelling the growth of the animal product residue monitoring market. Various programs initiated by the government such as national organochlorine residue management (NORM), national antibacterial residue minimization (NARM) and others have been implied to ensure the food products' safety. All these factors are driving the growth of the market.

• Movement of organic revolution worldwide

The pattern of fitness activities has shifted due to the demands for the organic and vegan food products across the globe. People are increasingly preferring the organic diets in order to ensure the health and the nutritional benefits. People are getting engaged in fitness which is fuelling the growth of the animal product residue monitoring market.

Opportunities

• Increasing awareness for safety

Increased implementation of stringent food safety regulations and growing number of trade activities across the globe ae generating lucrative growth opportunities for the market over the forecasted period. The targeted animal product residue monitoring systems are designed to meet particular management objectives or monitor potential chemical residues that could pose the risk for access to exports or domestic markets. Various animal product residue monitoring programs such as national organochlorine residue management (NORM), national antibacterial residue minimization (NARM) and others have been implemented to ensure the food products' safety. The rising demands of these monitoring systems are creating significant growth opportunities for the market during the forecasted period.

Restraints

• Lack of awareness regarding safety regulations

The unavailability of the food control infrastructure along with the lack of awareness among the manufacturers regarding the safety regulations will act as major restraints on the growth of the animal product residue monitoring market in the forecast period. Moreover, the lack of standardisation and the inappropriate standard of sample collection are also certain factors that will obstruct the market's growth over the forecasted period.

This animal product residue monitoring market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the animal product residue monitoring market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Animal Product Residue Monitoring Market Scope

The animal product residue monitoring market is segmented on the basis of chemical screen, technology and sample. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Chemical Screen

• Anthelmintics
• Benzimidazoles
• Closantel
• Macrocyclic
• Lactones
• Triclabendazole
• Antibiotics
• Minoglycosides
• Anticoccidials
• Antimicrobials
• Beta lactams
• Cephalosporins
• Macrolides
• Nitroimidazoles
• Phenicols
• Sulphonamides
• Fluoroquinolones
• Quinolones
• Tetracyclines
• Hormones
• Resorcyclic acid lactones
• Steroids
• Stilbenes
• Tenbolone
• Veterinary Drugs
• Beta-agonists
• Corticosteroids
• Sedatives
• Andro and non-steroidal anti-inflammatory drugs
• Fungicides
• Herbicides and Insecticides
• Benzoyl ureas
• Carbamates
• Organochlorines
• Organophosphates
• Persistent organic pollutants
• Pyrethroids
• Environmental Contaminants
• Metals

Technology

• Chromatography
• HPCL
• GC
• LC
• LC-MS/MS
• Spectroscopy
• Immunoassay
• Others
• PCR
• Other rapid technologies

Sample

• Cattle
• Sheep
• Goats
• Pigs
• Others
• Camels
• Buffalo
• Eggs
• Deer
• Honey
• Horses
• Kangaroos
• Poultry
• Chicken
• Duck
• Turkey
• Spatchcock
• Quail
• Ratites
• Emu
• Ostrich
• Wild boars

Animal Product Residue Monitoring Market Regional Analysis/Insights

The animal product residue monitoring market is analysed and market size insights and trends are provided by chemical screen, technology and sample as referenced above.

The countries covered in the animal product residue monitoring market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific is dominatingthe animal product residue monitoring market because of increasing occurrences of food contamination with chemical residues along with safety food standards in order to ensure safer food supply within the region.

North America is expected to grow within the forecasted period from 2022-2029 due to the growing number of trade activities as well as rising demands for the food safety monitoring programs within the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Animal Product Residue Monitoring Market Share Analysis

The animal product residue monitoring market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to animal product residue monitoring market.

Some of the major players operating in the animal product residue monitoring market are:

• Eurofins Scientific (Luxembourg)
• Bureau Veritas (France)
• SGS SA (Switzerland)
• Intertek Group plc (U.K.)
• Mérieux NutriSciences Corporation (France)
• ALS (Australia)
• AsureQuality. (New Zealand)
• Scientific Certification Systems, Inc. (U.S.)
• Microbac Laboratories, Inc. (U.S.)
• Symbio (U.S.)
• Life Technologies (India) Pvt Ltd (India)
• Merck KGaA (Germany)
• Neste (Finland)
• Microgen (U.K.)
• Arbro Pharmaceuticals Private Limited & Auriga Research Private Limited (India)
• Neogen NV (Belgium)
• R-Biopharm AG (Germany)
• TÜV NORD GROUP (Germany)
• ChainPoint. (Netherlands)

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