(Food-Beverage-News.Com, March 19, 2018 ) Market Data Forecast has announced the addition of the "Feed Testing Market by Type (Crop Chemicals Analysis, Nutritional Labeling Analysis, Pathogen Testing, Fats & Oils Analysis, Mycotoxin Testing), by Livestock (Poultry, Swine, Cattle, Ruminant, Aquaculture, Pet food), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)" report to their offering.
The Global Feed Testing Market is estimated to approach the valuation of USD 883.85 million by 2021 at a CAGR of 9.2% from the value of USD 569.2 million in 2016. Feed testing is mostly used to test for pesticides, pathogens, phototoxic etc. so as to confirm the absence of any contaminants which will be responsible for illness, toxicity or any other ill health. These tests are necessary for maintaining proper animal health and therefore improve their productivity.
Managing the feed production, increasing the demand for meat products is projected to boost the growth of the market. Other important factors attributing the market growth are compulsory checking the quality and safety of the feed, raising technological advancements coupled with new techniques. Increasing the demand for high quality and animal nutrition products is one of the major factors driving the market growth. However, high costs of using advanced feed testing technologies, lack of awareness about feed testing techniques among farmers, and strict rules and regulations by the government are hindering the growth of the market.
The Global Feed testing market is segregated into type and livestock. On the origin of livestock, the Feed testing market is bifurcated into aquaculture, swine, pet foods, poultry, cattle, and others. The cattle sub-segment from livestock segment of feed testing market accounted the largest share of the market. The cattle segment is predicted to grow even higher in the future owing to increase in the production of cattle meat.
Based on the type, the Global Feed testing market is classified as Nutritional Labelling Analysis, Mycotoxin Testing, Crop Chemicals Analysis, Oils Analysis, Pathogen Testing, Fats analysis. Pathogen Testing sub-segment from the type of feed testing market is dominating the market share.
Regional Overview Based on the region by Market Data Forecast, the Feed Testing Market is segregated into Europe, and Asia-Pacific and the Middle-East and Africa regions, North America. North America accounted the largest share of the market, which is nearly 36% globally. Due to the rising demand for meat products, North America holds the largest share which is followed by Europe and Asia Pacific. In the coming years, the Asia Pacific will grow at a fast rate.
Some of the prominent companies dominating the Feed Testing Market are Intertek Group Plc, Adpen Laboratories Inc., SGS SA, Silliker Inc, Genon Laboratories Ltd., Bureau Veritas SA, R J Hill Laboratories Ltd, Eurofins Scientific, Romer Labs Inc., and Institut Für Produktqualität Gmbh (IFP).
Scope of the report The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated. The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategic activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
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