Feed Testing Market Forecast To 2024Posted by Prashanth on November 1st, 2019 Market Overview: Global Feed Testing Market was valued at USD 678.75 million in 2019 and expected to rise at a CAGR of 9.2% to reach USD 1053.6 million by 2024. The feed testing market continues to gain growth with the rising call for the inclusion of specific feed additives such as proteins. The companies in the agricultural market have shown high interest in the industry lately. Feed testing is usually employed to test for pesticides, pathogens, mycotoxin, etc., in order to make sure the absence of contaminants that can be responsible for food poisoning, toxicity or any other illness. These tests are essential for maintaining proper animal health and hence enhance their productivity. Market drivers and restraints: An increasing call for high quality and sustainable animal nutrition products have resulted in the fast expansion of the market in recent years. Other factors driving the feed testing market are the mandatory analysis of feed safety and quality, customized services emerging as price and time effective solutions and management of feed productions’ operating prices. By type:
By livestock:
Geographical analysis: On the basis of region, the global feed testing market is segregated into regions like North America, Europe, Asia Pacific and the rest of the world. The overall market was led by North America, with the revenue share of around 36% and will continue to hold its position in the coming years. Important market players: Some of the leading players in the Global Feed Testing Market are Adpen Laboratories Inc., R J Hill Laboratories Ltd, Eurofins Scientific, Genon Laboratories Ltd, Bruker Biosciences Corporation, Intertek Group Plc, RL Food Testing Laboratories, Genetic ID NA Inc, SGS SA, SDK Laboratories etc. The Scope of the report: This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors. Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/ Like it? Share it! More by this author |