Global Feed Testing Market
Report Highlights
Market Overview:
The global Feed Testing market was valued at USD 1.72 billion in 2016 and is projected to reach USD 3.12 billion by 2025, growing at a CAGR of 6.8% from 2017 to 2025.
Feed related problems are on the rise as the cases of disease outbreaks among livestock is increasing day by day. The contamination of feed can result in huge financial losses for the farmers. The concern for food safety due to contaminated feed is driving demand for these services.
Market Dynamics:
1. Market Drivers
1.1 Rising demand for high quality animal feed
1.2 Rising operational costs of feed production
2. Market Restraints
2.1 Lack of awareness about feed regulations
2.2 High cost and extensive sample preparation
Market Segmentation:
The global Feed Testingmarket is segmented on the livestock, type, and region.
1. By Livestock:
1.1 Swine Feed
1.2 Cattle Feed
1.3 Equine Feed
1.4 Pet Feed
1.5 Aquafeed
1.6 Poultry Feed
2. By Type:
2.1 Pathogen Testing
2.2 Mycotoxin Testing
2.3 Crop Chemicals Testing
2.4 Fats and Oils Testing
2.5 Nutritional Labeling Testing
2.6 Others
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Silliker Inc.
2. Adpen Laboratories Inc.
3. SGS SA
4. Bureau Veritas SA
5. Romer Labs
6. EurofinsScienific
7. R J Hill Laboratories Ltd.
8. Genon Laboratories Ltd.
9. Intertek Group PLC
10. Institut Fir Produktqualitat GmbH
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Feed Testingmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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