Strategic Analysis on Middle East and Africa Feed Testing market 2016-2021.


Posted September 28, 2017 by Mounika09

The Middle East and Africa Feed Testing market is estimated to reach USD 62.18 million by 2021 from a market value of USD 39.84 billion in 2016 at a CAGR of 9.31%.

 
The Feed Testing market is showcasing significant potential over the mentioned forecast period. The market continues to build up momentum with the growing demand for specific additives inclusion in feed, like proteins and thus there is the need for feed testing. The major companies in agricultural sector have been showing interest in the market recently.

Feed testing is basically used in testing for pesticides, mycotoxin, pathogens etc. so as to make sure of the absence of any contamination that could be responsible for food toxicity, poisoning or any other illness. These tests are important in order to maintain proper health in animal and hence improve their productivity.
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Growing demand for sustainable and higher quality animal nutrition products has resulted in a rapid growth in the market recently. Other key factors driving growth of the Feed Testing Market are compulsory analysis of feed safety and quality, management of feed productions’ operating cost, customized services emerging as cost and time effective solutions. The market faces few challenges and restraints as well. Some of the important ones are lack of farmers’ awareness regarding animal feed regulations and analysis by experts required for using advanced testing technologies to prepare extensive sample. These factors have been holding back the market from reaching its potential.
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The Middle East & Africa Feed Testing market is segmented based on type and livestock. The market is segmented on the basis of type under Crop Chemicals Analysis, Pathogen Testing, Fats & Oils Analysis, Nutritional Labelling Analysis, Mycotoxin Testing. The Pathogen testing segment dominated the market share. On the basis of livestock, the market is divided into poultry, swine, cattle, pet foods, aquaculture and others. The cattle segment accounted for the largest share in the market on the basis of segmentation by livestock due to increase in cattle meat production over the recent years and is expected to grow even further. On the basis of geography, the Middle East & Africa market is analysed under various regions namely Middle East and Africa.
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Some of the major companies dominating the market, by their products and services include Bureau Veritas SA, Adpen Laboratories Inc., Eurofins Scientific, Institut Für Produktqualität Gmbh (IFP), Genon Laboratories Ltd., R J Hill Laboratories Ltd, Intertek Group Plc, SGS SA, Romer Labs Inc., Silliker I
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Issued By Market Data Forecast
Country India
Categories Agriculture
Tags crop chemicals market
Last Updated September 28, 2017