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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Feed Testing Market Regional Analysis
North America and Europe, which have extensive feed testing regulations and accreditations, are the major regional markets in the region. Regulations have been put in place in these regions due to the rising cases of animal feed being compromised with harmful chemicals, hormones, pathogens, and other contaminants, which impacts the feed testing market expansion. In the early 2000s, Europe was plagued with the infiltration of hormone-tainted feed in countries like Germany, Belgium, and the Netherlands as feed was found contaminated with medroxyprogesterone acetate (MPA), a hormone which causes infertility in animals and humans. Cancer-causing herbicide nitrofen was also detected in the organic farms of Germany during the same period. Such incidents have led to stricter implementation of feed testing by companies and governments in the area, thus, promoting the growth of the feed testing industry.
In the US, the Food Safety Modernization Act (FSMA) was introduced in 2011 to prevent rather than react to the problems of human and animal food contamination, which is a crucial trend in feed testing market. The quality of animal feed is also being controlled according to the Animal Feed Regulatory Program Standards (AFRPS) by FDA, which were last updated in 2017. These regulations are encouraging the growth of the feed testing industry. The industry is also expected to witness a healthy growth in the Asia Pacific as the region is witnessing a rising consumption of poultry and pork in countries like China and India, leading to a rising need for feed testing.
Mycotoxins are one of the most common substances, which are tested for in the animal feed. It contaminates a wide range of crops and fruits and is the secondary metabolite of mould. It is toxic to humans and animals. With the cereals, which are used for feed applications, being susceptible to fungi formation, there are multiple regulations regarding the presence of mycotoxins in feed. Currently, over 100 countries have regulations pertaining to mycotoxins in food and feed, thus, supporting the feed testing industry development in this segment.
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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