Recent Developments
Chr. Hansen has introduced real time feed testing device, a feed analysis solution based on the pocket-size, incorporated near-infrared (NIR) spectrometer in the smallest size available partnering with Consumer Physics and distribute SCiO, an innovative response to the dairy industry’s need to constantly strive for a more productive operation. This device instantly measures dry matter, forage moisture, protein, fat, energy and more helping livestock operations adjust, mix, and feed rations more efficiently and accurately.
Consumer Physics, founded in 2011 and backed by OurCrowd, Khosla Ventures and other world class investors. Its mission is to empower people and organizations with a better understanding of physical world using SCiO which is the world's only pocket size micro spectrometer and enables real-time decision making by transferring material analysis out of the lab and into the receiving dock, field and production line. SCiO's affordable price, lab-grade analysis, and ultra-portability enable anyone to monitor, track, and optimize efficiency at every stage, exactly where it is needed.
Chr. Hansen, founded in 1874, is a leading global bioscience company that develops natural ingredient solutions for the nutritional, food, pharmaceutical and agricultural industries. They develop and produce enzymes, cultures, pro biotics and natural colors for a rich variety of confectionery, foods, beverages, dietary supplements and even animal feed and plant protection. The company’s product innovation is based on more than 30,000 microbial strains and also reducing the use of chemicals and other synthetic additives which make products highly relevant in today’s world. They have been delivering value to partners and end consumers for over 140 years worldwide. Revenue of the company in the 2016/17 financial year was EUR 1,063 million.
To know more, read: https://www.marketdataforecast.com/market-reports/global-feed-testing-market-2289/
Market Segmentations:
Market Data Forecast published a report named Global Feed Testing Market was worth USD 678.75 million in 2018 and estimated to be growing at a CAGR of 9.2%, to reach USD 1053.6 million by 2023.
Report segmented as:
Type:
• Crop Chemicals Analysis
• Nutritional Labelling Analysis
• Pathogen Testing
• Fats & Oils Analysis
• Mycotoxin Testing
Livestock:
• Poultry
• Pet food
• Aquatic animals
• Cattle
• Swine
Based on type, the market share is dominated by Pathogen Testing segment. Under livestock, the cattle segment accounted for the highest market share on the basis of livestock due to increase in production of cattle meat over the recent years and is expected to grow even further.
Geographical Segmentation:
Based on geography, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Feed Testing market was dominated by North America, with the overall market share of over 36% globally. North America was followed by Europe and Asia Pacific. Asia Pacific market is predicted to grow at a rapid pace in the coming few years.
Key market players:
• Adpen Laboratories Inc.
• Bureau Veritas SA
• Eurofins Scientific
• Genon Laboratories Ltd.
• Institut Für Produktqualität Gmbh (IFP)

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Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.