Global Feed Testing Market size was valued at US$ XX Mn. in 2019 and the total revenue is expected to grow at 9.7% through 2020 to 2026, reaching nearly US$ 1054.5 Mn. in the forecast period.
The global Feed Testing Market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Feed Testing Market report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Feed Testing Market Overview:
Feed testing is extensively performed on feed products to ensure whether the products are free from contamination. This test is also applicable to identify the correct nutritional balance in readymade feed products or available feed products.
Global Feed Testing Market Dynamics:
The Global Feed Testing market was valued at USD 685.95 million in the year 2020 and it is expected to grow at a CAGR of 9.7% during the forecast period, reaching nearly USD 1054.5 million by 2026.
The demand for animal nutrition with high quality is fueling the growth of the feed testing market in the forecast period of 2020-2026. As the major players in the market are focusing on innovative and sustainable animal feed products to increase acceptance by the consumers and this factor is hitting the market growth in a favorable direction.
Feed testing includes testing of metals, minerals, drugs, antibiotics, pathogens, and pesticides in feed products to ensure the absence of contamination and toxins that harm the end product as the presence of foreign particles results in illness, toxicity, and poisoning. Moreover, the lack of awareness about feed testing and feed regulation by a government body and the high cost together with extensive sample preparation may hinder the growth of the market in the future.
Global Feed Testing Market Segment Analysis:
Pathogen Testing is dominating the type segment of the Global Feed Testing Market:
Pathogen testing is more accepted in the market as the test is performed to reduce and eliminate foodborne illnesses. Pathogen testing is the first process used for the sanitization of food items and ensures food safety. The most common pathogen testing includes the identification of salmonella, listeria, E. coli, Norovirus, clostridium perfringens, campylobacter, and staphylococcus and are eaten in the US. And various other countries.
Mycotoxin test is second dominating in the feed testing market. As mycotoxins have the potential for both acute and chronic health effects as they enter the human body through skin contact, inhalation, and bloodstream and inhibit the protein synthesis and damage the macrophage system and further increase the sensitivity of bacterial endotoxin. Thus mycotoxin test for grains is efficient to avoid harmful effects.
Global Feed Testing Market
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The cattle sub-segment is trending in the Livestock segment of the Global Feed Testing market.
The cattle segment is dominating the livestock segment of the global feed testing market in the forecast period of 2020-2026 due to an increase in the population of cattle and consumption of cattle meat. Moreover, the global cattle feed market was valued at USD 74800 million in 2019 and is anticipated to grow at a CAGR of 3.6% reaching USD 96200 million in the forecast period 2020-2026. Moreover, cattle are raised as livestock for meat, veal, or milk, dairy products, and hides used in making leather. The growth of the livestock segment is further stimulated by swine, poultry, pets, equine, and aquatic animals and is anticipated to boost the market growth of feed testing in the forecast period.
Global Feed Testing Market 1
Global Feed Testing Market Regional Insights:
North America is dominating the feed testing market with a global market share of 38%. The regulatory authorities in the region are strictly supervising the rules and regulations implemented for the labeling of ingredients used in feed products. Moreover, the concern related to food safety in North America is creating awareness among the consumers and this awareness is spread via media and social influencers.
Further, the impact and the occurrence of BSE diseases that as Bovine spongiform encephalopathy (BSE), also called mad cow disease, is an incurable and perpetually lethal neurodegenerative disease of cattle. As this disease is harming the population of North America, government authorities made strict rules and implications to stop the contamination. And this factor is further giving rise to the feed testing market in the forecast period 2020-2026.
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The objective of the report is to present a comprehensive analysis of the global Feed Testing Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Feed Testing Market dynamics, structure by analyzing the market segments and project the global Feed Testing Market size. Clear representation of competitive analysis of key players by Grade, price, financial position, Grade portfolio, growth strategies, and regional presence in the global Feed Testing Market make the report investor’s guide.
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Global Feed Testing Market, by Region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
Global Feed Testing Market Key Player
• Silliker Inc. (U.S.)
• Intertek Group Plc (U.K.)
• Eurofins Scientific (Luxembourg)
• Institut für Produktqualität (Germany)
• Romer Labs Inc. (U.S.),
• Adpen Laboratories Inc
• Bureau Veritas SA
• Eurofins Scientific
• Genon Laboratories Ltd
• Intertek Group PLC
• R J Hill Laboratories Ltd
• SGSS
• Others
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