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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Feed Testing Market Analysis
The rapidly growing meat and poultry industries are aiding the growth of the feed industry, which is supporting the growth of the feed testing industry. The market is being aided by the rapid growth of the meat market, especially in the emerging regions of the Asia Pacific. As the meat processing industry is becoming more commercialised and mechanised, there is a greater risk of feed contamination. The growing commercialisation of the meat industry is also leading to the risk of overcrowding, which can also lead to contamination. With governments implementing strict regulations and fines against feed contamination, companies are seeking to update their feed safety criteria to meet the regulatory requirements. With companies and governments undertaking greater feed testing regularly, the industry for feed testing is expected to witness a healthy growth in the coming years. The rising awareness among the consumers regarding the safety and hygiene of food products is also aiding the industry growth. The rise in innovation in testing technology is also expected to drive the industry growth in the coming years.
Feed Testing Market Report Snapshots
Feed Testing Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market attained a value of approximately USD 2.30 billion.
The market is projected to grow at a CAGR of 6.50% between 2024 and 2032.
The major drivers of the market include growing population, rising demand for meat and poultry, increasing research and development investment, and regulations of various governments for feed testing.
Growing customer awareness for safety and hygiene of food and the rising technological innovations are the key trends propelling the growth of the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America and Europe accounting for the largest share in the market.
Traditional technology and rapid technology are the major technologies in the global feed testing market.
Chemical testing, physical testing, nutritional testing, microbiological testing, and pathogen testing, among others are the different testing methods in the market.
The different feed stock in the market include poultry feed, swine feed, pet feed, cattle feed, and aquafeed, among others.
The major players in the market are SGS Group., R J Hill Laboratories Limited., Eurofins Scientific, Intertek Group plc, Romer Labs Division Holding GmbH, and NSF International, among others.
The market is estimated to reach a value of about USD 4.05 billion by 2032.
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