Global Feed Testing Market, By Types (Pathogen Testing, Nutritional Labelling Analysis, Mycotoxin Testing, Fats and Oils Analysis, Crop Chemicals Analysis, Others), Livestock (Poultry, Swine, Pets, Equine, Cattle, Aquatic Animals), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Feed Testing Market
Data Bridge Market Research analyses that the feed testing market will project a compound annual growth rate (CAGR) of 5.80% during the forecast period of 2022-2029.
Feed testing is referred to the procedure of achieving an accurate balance between the available feed ingredients. The significant objective of feed program is to check the level of contamination in feedstock of animals. Information about the nutrient content of feed ingredients is compulsory for the successful feed testing. Feed tests are applied for pesticides, mycotoxin, minerals, pathogens, metals, antibiotics, and drugs in feed, among other feed ingredients to determine the absence of contaminants held for toxicity, foodborne diseases, and poisoning.
The rise of the feed testing market is fuelled by the surging demand for high-quality animal feed. Rapid urbanization and increasing operational costs of feed production will accelerate the market’s growth. The rising demand from various end-use industries will flourish the growth rate of feed testing market. Furthermore, the increasing concern about animal health and safety among livestock producers, farmers and government bodies will bolster the growth rate of feed testing market. Another significant factor includes the rise in prevalence of livestock diseases will further cushion the market’s growth rate. Other factors such as compulsory feed safety and quality analysis, customized services emerging as cost and time-effective solutions and feed production operation costs will positively impact the growth rate of feed testing market. High consumption of meat products due to rise in the number of population which will further increase the demand for animal feed and hence escalating the growth rate of feed testing market.
Moreover, strong progress in new and emerging markets and rapidly rising meat as well as poultry industries will further create lucrative and remunerative growth opportunities for the feed testing market. Additionally, the increasing knowledge towards safety and hygiene of food products and advancement and innovations in feed testing technology will further propel the new growth opportunities in the future year.
However, high cost and extensive sample preparation will derail the feed testing market’s growth rate. Also, lack of awareness about feed regulations and the dearth of expert analysts for advanced performing tests will pose major challenges to the growth of the market. The lack of awareness amongst farmers about animal feed testing and high cost associated with testing will act as major market restrain and further hinder the growth rate of feed testing market.
This feed testing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 feed testing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Feed Testing Market Scope and Market Size
The feed testing market is segmented on the basis of types and livestock. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of types, the feed testing market was segmented into pathogen testing, nutritional labelling analysis, mycotoxin testing, fats and oils analysis, crop chemicals analysis and others.
- Others segment is further segmented into feed ingredient analysis, proximate analysis, metal and mineral analysis, and drugs and antibiotics testing.
- On the basis of livestock, the feed testing market is segmented into poultry, swine, pets, equine, cattle, and aquatic animals.
Feed Testing Market Country Level Analysis
The global feed testing market is analyses and market size, volume information is provided by country, types and livestock as referenced above.
The countries covered in the feed testing market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the feed testing market and will continue to flourish its trend of dominance during the forecast period owing to the rising urbanization and increasing demand in various products in this region.
The country section of the feed testing market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Global Feed Testing Market Share Analysis
The feed testing 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 feed testing market.
Some of the major players operating in the feed testing market are ADPEN Laboratories, Inc., R J Hill Laboratories Limited, Bruker, Genon Labs, Intertek Group plc, RL Food Testing Laboratory, Inc., SGS SA, SDK Laboratories, Eurofins Scientific, Romer Labs Division Holding GmbH, NSF International, Agrolab GmbH, Silliker, Inc., ifp Institut für Produktqualität GmbH, Food Hygiene & Health Laboratory, Microbac Laboratories, Inc., Agilent Technologies, Inc., Thermo Fisher Scientific Inc., 3M, and Bureau Veritas, among others.
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