Feed Testing Market Projected to Reach $2.1 Billion by 2019


Posted March 26, 2015 by eriksmith002

The feed testing market has been growing with increase in concern for animal safety among farmers, feed manufacturers, regulatory bodies, and respective governments.

 
The report Feed Testing Market - Global Trends & Forecasts to 2019, defines and segments the feed testing market with analyses and projection of the market size in terms of value and volume. It also identifies the driving and restraining factors of the feed testing market with analyses of trends, opportunities, burning issues, challenges, and restraints. The market is segmented and its size is estimated and projected on the basis of key geographical regions such as North America, Europe, Asia-Pacific, and Rest of the World (ROW).

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Feed testing includes testing for pesticides, mycotoxin, metals, minerals, drugs, antibiotics, and pathogens in feed and feed ingredients to ensure the absence of contaminants that are responsible for foodborne illnesses, toxicity, or poisoning. This report describes the feed testing market in terms of tests conducted such as pathogen testing, nutritional and labeling analysis, mycotoxin testing, fat and oil analysis, proximate analysis, and pesticide & fertilizer analysis; the type of livestock that consumes the feed, which includes swine, poultry, aquatic animals, pets, cattle, and equines; and various key geographical markets.

The feed testing market has been growing with increase in concern for animal safety among farmers, feed manufacturers, regulatory bodies, and respective governments. The concern for feed safety has been increasing due to the consumption of contaminated feed, and this has been responsible for the outbreak of several illnesses such as BSE and PED. The factors responsible for feed contamination include improper handling, contaminated feed ingredients, contaminated water, and inadequate treatment/processing of materials.

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The market for feed testing is projected to grow at a CAGR of 7% and $2.1 Billion by 2019. In 2013, North America was the largest feed testing market with more than 40% of the share, wherein the U.S. dominated this market. The leading players in the feed testing market include Silliker Inc. (U.S.), Intertek Group Plc (U.K.), Eurofins Scientific (Luxembourg), Institut für Produktqualität (Germany), and Romer Labs Inc. (U.S.). These players have been focusing on introducing new products and services, being involved in mergers & acquisitions, and expanding their business segments to maintain their position in the market.

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Issued By Erik Smith
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Phone +1-888-600-6441
Business Address North - Dominion Plaza, 17304 Preston Road, Suite 800, Dallas, TX 75252 Tel: +1-888-600-6441
Country United States
Categories Agriculture
Tags feed testing , feed testing market
Last Updated March 26, 2015