Grain Analysis Market Value and Growth-2023


Posted February 8, 2023 by Bhargav

The Grain Analysis Market was worth USD 2.35 billion in 2021 and is expected to grow at a CAGR of 6.12 % to reach USD 3.17 billion from 2021 to 2027.

 
Market overview:

The Grain Analysis Market was valued at $2.35 billion in 2022 and is estimated to reach $3.17 billion by 2026, with a CAGR of 6.12% from 2022 to 2027.
Grain analysis is used to evaluate the features of food grains in order to assess their quality. One of the most important components of farming for food producers and, ultimately, for customers as well, is analyzing the quality of grain. In grain testing, important variables include moisture, protein, specific weight, mycotoxins, oil content, and fall number. Furthermore, the quality, marketability, and total worth of grain are impacted by these various components. Farmers and producers can evaluate grain quality at different phases of the production process using a variety of specialist grain testing equipment. This will guarantee the grain's quality. In addition, Near-Infrared (NIR) spectroscopy is a technique for evaluating grain quality that examines grain characteristics by using electromagnetic spectrum and infrared light.
Market Drivers and Restraints:

People who lead unhealthy lifestyles are more worried about their health than ever before, which makes them fearful of getting sick or infected. As a result, there are several factors driving the market for grains analysis, such as the high levels of fiber, protein, vitamins, and minerals for the numerous benefits of grains. Additionally, high-quality grains reduce the risk of heart failure, which is one of the most common illnesses affecting the younger generation and is on the rise. For the purpose of offering consumers high-quality food items, producers have increased their adoption of cutting-edge testing techniques. This element will likely cause the market for grain analysis to expand dramatically.
Because of the hectic nature of today's generation's lifestyles, individuals are becoming more and more concerned about their health and safety. Because a sizable portion of the rural population is migrating to urban areas in quest of a higher quality of life and work opportunities, urbanization is accelerating. More people are adopting unhealthy lifestyles as a result of longer working hours. This has made people purchase more nutrient-dense and better-quality goods, which has increased demand for grain analysis. As a result of this worry, the government is starting to create severe and detailed restrictions governing the quality of food grains.
Due to a dearth of information regarding food quality and a lack of testing tools, grains of food have been put through a variety of tests in developing nations. These elements have caused the market's growth to slow down. Another significant factor limiting the potential growth of the grain analysis business is the absence of government policies available to farmers and exporters.
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The report is segmented as follows:

The Grain Analysis Market is segmented by Grain Type; the Market is segmented by Target Tested; the Market is segmented by Technology; the Market is segmented by Target Tested; the Market is segmented by End-Use; the Market is segmented by Component:
• By Grain Type (Cereals, Oilseeds, Pulses)
• By Target Tested (Pathogens, Pesticides, GMO, Mycotoxins and others)
• By Technology (agar culturing, convenience-based, Polymerase Chain Reaction (PCR), Immunoassay and chromatography & spectrometry)
• By End Use (Food, Feed), Component (Instruments, Consumables & reagents, Reference materials)
Geographical Segmentation:
The world's largest market share for grain analysis is held by the European Union. This is a result of stringent government regulations and laws governing both human and animal consumption of grains. One of the elements promoting the expansion of this market is the presence of numerous grain analysis facilities in this area.
China and India have taken the lead in this industry since they are both the major producers and consumers of food grains worldwide. This region has a sizable market, hence it is anticipated that during the forecast period it would expand rapidly.
Impact of COVID-19 pandemic on the market:
Nearly every industry has been impacted by the unprecedented global public health crisis known as COVID-19, and the long-term repercussions are expected to have an influence on industry growth over the forecast period.
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Issued By Bhargav
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Categories Biotech , Business , Marketing
Tags grain analysis market , grain analysis market share
Last Updated February 8, 2023