Global Dairy Testing Market
The global Dairy Testing market was valued at USD 3.80 billion in 2016 and is projected to reach USD 7.29 billion by 2025, growing at a CAGR of 7.5% from 2017 to 2025.
The contamination of dairy products is a serious concern. The testing of these dairy products ensure that the products manufactured are of high quality and safe for human consumption. The growing exports of dairy products is expected to augment usage of dairy testing services over the forecast period.
1. Market Drivers
1.1 Growing number of food related illness
1.2 Globalization of dairy trade
2. Market Restraints
2.1 Lack of coordination between market stakeholders and improper enforcement of regulatory laws & supporting infrastructure
2.2 Lack of standardization in food safety standards
The global Dairy Testing market is segmented on the type, technology, product, and region.
1. By Type:
2. By Technology:
2.2.1 Convenience Based
2.2.3 Polymerase Chain Reaction (PCR)
2.2.4 Chromatography and Spectrometry
3. By Product:
3.1 Infant Food
3.3 Milk and Milk Powder
3.4 Cheese, Butter and Spreads
3.5 Ice Cream and Desserts
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
4. Bureau Veritas
5. TUV SUD
6. ALS Limited
7. TUV Nord Group
8. Neogen Corporation
9. Merieux Nutrisciences
10. Romer Labs
12. Microbac Laboratories
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 Dairy Testing market was 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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