The Animal Feed Testing Service Global Market Report 2023 by The Business Research Company, provides animal feed testing service market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Animal Feed Testing Service Global Market Report 2023, the market size is expected to grow from $1.03 billion in 2021 to $1.13 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global animal feed testing service market is expected to reach $1.59 billion in 2027 at a CAGR of 8.8%.
The rising number of food-borne illnesses is expected to propel the growth of the animal feed testing services. Foodborne illnesses are diseases caused by eating or drinking infected foods or drinks. The majority of foodborne illnesses are infections caused by bacteria, viruses and parasites. The threats presented by these pathogens and spoilage microorganisms make animal feed testing essential for ensuring food safety, since contaminants can quickly travel through the supply chain and cause livestock herd damage, product recalls, or public health concerns.
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The animal feed testing service market is segmented:
1) By Testing Type: Pathogen Testing, Fats And Oils Analysis, Feed Ingredient Analysis, Metal And Mineral Analysis, Pesticides And Fertilizers Analysis, Drugs And Antibiotics Analysis, Mycotoxin Testing, Nutritional Labeling, Proximate Analysis, Other Testing Types
2) By Feed Type: Pet Feed, Equine Feeds
3) By Equipment Type: Bomb Calorimeter, Atomic Absorption Spectroscope (AAS), Gas Chromatograph-Flame Ionization Detector (GC-FID), Gas Chromatograph-Mass Spectrometer (GC-MS), High Performance Liquid Chromatography (HPLC), Other Equipment Types
4) By End-Users: Manufacturers, Third Party Testers, Growers Or Non-Profits
Product innovations are a key trend gaining popularity in the animal feed testing services market. Major companies operating in the animal feed testing services market are focused on developing innovative solutions to strengthen their position in the market. For instance, in October 2021, Sciantec Analytical Services Ltd. (a subsidiary of Cawood Scientific Ltd.), a UK-based company that deals with the analytical testing of animal nutrition materials, launched innovative shelf-life analysis services. The tests assist animal feed and commodity producers in the aquaculture, equestrian, agricultural, zoo, pet and specialty animal feed sectors in adhering to applicable industry norms and meeting animal welfare requirements. The unique feature of this test service is the safety and quality of all types of feeds and raw materials, as well as the deterioration of their quality over time, including tracking the development of hazardous bacteria under defined settings.
The animal feed testing service market report table of contents includes:
1. Executive Summary
2. Animal Feed Testing Service Market Characteristics
3. Animal Feed Testing Service Market Trends And Strategies
4. Animal Feed Testing Service Market – Macro Economic Scenario
5. Animal Feed Testing Service Market Size And Growth
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27. Animal Feed Testing Service Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Animal Feed Testing Service Market
29. Animal Feed Testing Service Market Future Outlook and Potential Analysis
30. Appendix
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