Global Feed Testing Market

Description

Food Testing is a very niche service provided to the feed industry. Feed testing includes testing of pesticides, mycotoxins, drugs and pathogens in animal feed. It involves testing throughout the process from production to packaging. Livestock diseases may occur due to several factors such as parasite outbreak, unhygienic conditions, use of antibiotics, overcrowding of animals etc. Meat obtained from diseased animals is unfit for consumption thus driving the attention of feed producers towards producing quality products. Feed is usually contaminated by exposure to polluted environment during production and packaging as well as mishandling of the products. It might affect the animal’s health leading to lower milk production for cattle.

Market Dynamics

The global feed testing market is expected to grow to an estimate of US $1100 Million at a CAGR of 9.2% in 2022 from US $565 Million in 2017. The market is witnessing increased demand due to major outbreaks of livestock diseases. Stricter regulations by Government to contain the livestock diseases has further given a boost to the demand for feed testing. Regulatory bodies across the world have made feed testing mandatory. In addition, increasing population has increased the consumption of meat products that in turn leads to higher demand for animal feed and thus feed testing. Contamination being another issue that needs to be addressed for feed producers. Feed testing thus gained importance due to its ability to eradicate contamination from the livestock feed. However, lack of awareness as well as high quality equipment is causing hindrance to the feed testing market. Feeding the animals appropriately is extremely essentialas it directly affects the animal’s growth, immunity and thus its lifespan. Right amount and quality of feed would then reduce the overall levels of antibiotics in animals.

Market Segmentation

Based on type, the global Feed Testing market is segmented into Crop Chemical Analysis, Nutritional labelling analysis, Mycotoxin testing, Fats and Oils Analysis and Pathogen testing. Pathogen testing segment currently dominates the market. Based on livestock, the market is classified into poultry, aquaculture, cattle, swine, pet foods and others. The cattle segment dominates the market currently due to high demands for meat production and is expected to grow further.

Geographic Analysis

On the basis of geography, the global feed testing market is analyzed for various regions including North America, Asia-Pacific,Europe and Rest of the World. North America dominates the market currently with over 36% of the global market share. The strict regulations of the government are responsible for North America being the leaders in the market. Europe and Asia Pacific closely follow the North American market. Western Europe is a good market for feed testing due to better awareness among feed producers. However, Asia Pacific is expected to be the fastest growing market in the future.

Key Players

Some of the key players in the Industry are Silliker Inc. (U.S.), Intertek Group Plc (U.K.), Eurofins Scientific (Luxembourg), InstitutfürProduktqualität (Germany), and Romer Labs Inc. (U.S.).

Report ContentsRegional AnalysisReport Highlights
  • Market segments
  • Market Drivers, Restraints and Opportunities
  • Market Size & Forecast 2016 to 2022
  • Supply & Demand Value Chain
  • Market – Current Trends
  • Competition & Major Companies
  • Technology and R&D Status
  • Porters Five Force Analysis
  • Strategic and Critical Success Factor Analysis of Key Players
  • North America
    • US and Canada
  • Latin America
    • Mexico, Brazil, Argentina and Rest of Latin America
  • Western Europe
    • EU5 (Germany, France, Italy, Spain, U.K.)
    • Nordic Countries (Denmark, Finland, Norway, and Sweden)
    • Benelux (Belgium, The Netherlands, and Luxembourg)
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia and New Zealand
    • Rest of Asia Pacific
  • Middle East and Africa
    • GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
    • South Africa
    • North Africa
    • Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

  • Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
  • Consumer and Pricing Analysis
  • Market dynamics of the industry
  • Market Segmentation
  • Estimated Market Sizing in terms of volume and value
  • Recent trends in Market and impact
  • Research Status and Technology Overview
  • Extensive Industry Structure Coverage

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Global Feed Testing Market

$3,850.0

Industry Analysis, Forecasts and Opportunity Assessment (2017-2022)

  • Market Trends, Dynamics and Regulatory Framework
  • Regional and Cross-segment Sales Figures
  • Extensive Industry Structure Coverage

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