(Food-Beverage-News.Com, October 07, 2017 ) The Middle East and Africa Feed Testing market is estimated to reach USD 62.18 million by 2021 from a market value of USD 39.84 billion in 2016 at a CAGR of 9.31%. The Feed Testing market is showcasing significant potential over the mentioned forecast period. The market continues to build up momentum with the growing demand for specific additives inclusion in feed, like proteins and thus there is the need for feed testing. The major companies in agricultural sector have been showing interest in the market recently.
Feed testing is basically used in testing for pesticides, mycotoxin, pathogens etc. so as to make sure of the absence of any contamination that could be responsible for food toxicity, poisoning or any other illness. These tests are important in order to maintain proper health in animal and hence improve their productivity.
Growing demand for sustainable and higher quality animal nutrition products has resulted in a rapid growth in the market recently. Other key factors driving growth of the Feed Testing Market are compulsory analysis of feed safety and quality, management of feed productions’ operating cost, customized services emerging as cost and time effective solutions. The market faces few challenges and restraints as well. Some of the important ones are lack of farmers’ awareness regarding animal feed regulations and analysis by experts required for using advanced testing technologies to prepare extensive sample. These factors have been holding back the market from reaching its potential.
Key points from TOC: • Introduction • Research Methodology • Overview • Drivers, Restraints, Opportunities, and Challenges Analysis (DROC) • Market Segmentation • Strategic Analysis • Market Leaders' Analysis • Competitive Landscape • Market Outlook and Investment Opportunities
The Middle East & Africa Feed Testing market is segmented based on type and livestock. The market is segmented on the basis of type under Crop Chemicals Analysis, Pathogen Testing, Fats & Oils Analysis, Nutritional Labelling Analysis, Mycotoxin Testing. The Pathogen testing segment dominated the market share. On the basis of livestock, the market is divided into poultry, swine, cattle, pet foods, aquaculture and others. The cattle segment accounted for the largest share in the market on the basis of segmentation by livestock due to increase in cattle meat production over the recent years and is expected to grow even further. On the basis of geography, the Middle East & Africa market is analysed under various regions namely Middle East and Africa.
Scope of the report: • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Some of the major companies dominating the market, by their products and services include Bureau Veritas SA, Adpen Laboratories Inc., Eurofins Scientific, Institut Für Produktqualität Gmbh (IFP), Genon Laboratories Ltd., R J Hill Laboratories Ltd, Intertek Group Plc, SGS SA, Romer Labs Inc., Silliker I
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