Dairy Testing Market Expected to Reach $5.90 Billion by 2022 | Key Players Include - SGS, Bureau Veritas, Intertek, Eurofins


Posted December 19, 2018 by supriya1234

The market in the Asia Pacific region is driven by the growing consumer awareness and increasing health consciousness coupled with growing investments by testing companies in the region.

 
The dairy testing market was valued at USD 3.86 Billion in 2016 and is projected to reach 5.90 Billion by 2022, at a CAGR of 7.4% during the forecast period. The increase in outbreaks of foodborne illnesses, globalization of dairy trade, and stringent safety & quality regulations for food are the factors driving this market.

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The dairy testing market, based on type, has been segmented into safety testing & quality analysis. The safety testing segment dominated this market in 2016 and is also projected to be fastest-growing during the forecast period. This is attributable to the significant emphasis being laid on safety testing of food output with regulatory authorities focusing on addressing regulatory loopholes, preventing adulteration, malpractices, and labeling mandates.

The dairy testing market, by technology, has been segmented into traditional and rapid. The rapid technology segment dominated the market in 2016 and is projected to be the fastest growing by 2022. Low turnaround time, higher accuracy, sensitivity, and the ability to test a wide range of contaminants in comparison to traditional technology are the reasons for the growth of the rapid technology segment.

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The dairy testing market, by product, has been segmented into milk & milk powder, cheese butter & spreads, infant food, ice cream & desserts, yoghurt, and others. The milk & milk powder dominated the market in 2016 and is projected to be the fastest growing by 2022. This is due to economically motivated adulteration, poor hygiene of storage, faulty supply chains, and contaminated equipment, which have led to milk being contaminated, which upon consumption can cause serious health problems to humans.

Europe accounted for the largest market share in the dairy testing market. The dominant share of the European region is attributed to the stringency of food safety regulations and laws pertaining to nutritional content and labeling here. It has the highest number of testing laboratories among all regions and tests the most number of dairy samples. Asia Pacific is projected to be the fastest-growing region during the forecast period due to the presence of major dairy producing countries such as China, Australia & New Zealand, and India as these countries are becoming more aware of food safety and are implementing testing regulations.

The global market for dairy testing is dominated by large-scale players such as SGS, Bureau Veritas, Intertek, Eurofins, TÜV SÜD, TÜV NORD GROUP, and ALS Limited. Neogen Corporation, AsureQuality, Mérieux NutriSciences, Microbac Laboratories, and Romer Labs are a few other key market players that also have a significant share in the dairy testing market.

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Phone 1-888-600-6441
Business Address Mr. Shelly Singh, MarketsandMarkets™ INC.,
630 Dundee Road, Suite 430, Northbrook, IL 60062
Country United States
Categories Business , Food , News
Tags Dairy Testing Market , Dairy Testing Market Analysis , Dairy Testing Market Trends
Last Updated December 19, 2018