The dairy testing global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Dairy Testing Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The dairy testing market size has grown strongly in recent years. It will grow from $5.65 billion in 2023 to $6.19 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to increasing concerns about food safety, globalization of dairy trade, stringent regulations and standards, rising incidence of foodborne illnesses.
The dairy testing market size is expected to see strong growth in the next few years. It will grow to $8.66 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to continued emphasis on food safety, increasing dairy consumption, emergence of new contaminants, global trade and supply chain complexity. Major trends in the forecast period include technological innovations, growth in dna testing for authentication, expansion of point-of-need testing, emphasis on non-destructive testing techniques, application of artificial intelligence (ai) and machine learning (ml), focus on allergen testing, increased collaboration and standardization, consumer demand for clean label products.
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Scope Of Dairy Testing Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The increase in outbreaks of foodborne illnesses is significantly driving the growth of the dairy testing market. Dairy is a significant source of foodborne illness all around the world, with raw and unpasteurized milk, cheese, and ice cream being the most common sources of contamination. Dairy testing ensures that pathogens and spoilage organisms do not affect products and that they are safe for consumption. For instance, in December 2022, according to the European Food Safety Authority, an Italy-based European Union agency that provides impartial scientific guidance and communicates about present and emerging food-chain concerns, the EU saw 4,005 foodborne incidents in 2021, a 29.8% increase over 2020. Hence, the increase in outbreaks of foodborne illnesses is expected to propel the growth of the dairy testing market over the coming years.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The dairy testing market covered in this report is segmented –
1) By Type: Safety Testing, Quality Testing
2) By Technology: HPLC-Based, LC-MS/MS-Based, Immunoassay-Based, Other Technologies
3) By Application: Ice-Creams And Desserts, Infant Food, Milk And Milk Powder, Cheese, Butter And Spreads, Yogurt, Other Applications
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Regional Insights –
Europe was the largest region in the dairy testing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the dairy testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the dairy testing market report are SGS SA, Bureau Veritas SA, Eurofins Scientific SE, Intertek Group plc, TÜV SÜD AG, ALS Limited, Mérieux NutriSciences Corporation, Romer Labs Inc., Microbac Laboratories Inc., PerkinElmer Inc., Dairy Technical Services, Analytica Laboratories Limited, Aspirus Labs Inc., Bio-Rad Laboratories Inc., Charm Sciences Inc., FOSS Analytical A/S, Genetic ID NA Inc., IDEXX Laboratories Inc., ILS Limited, LGC Group Holdings Limited, Marshfield Food Safety LLC, Midwest Laboratories Inc., Neogen Corporation, NSF International, Premier Analytical Services, Q Laboratories Inc, R-Biopharm AG, Silliker Inc., Symbio Laboratories Pty Ltd, VWR International LLC, Yara International ASA
Table of Contents
1. Executive Summary
2. Dairy Testing Market characterstics
3. Dairy Testing Market Trends And Strategies
4. Dairy Testing Market – Macro Economic Scenario
5. Global Dairy Testing Market Size And Growth
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31. Global Dairy Testing Market Competitive Benchmarking
32. Global Dairy Testing Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Dairy Testing Market
34. Dairy Testing Market Future Outlook and Potential Analysis
35. Appendix
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