The animal feed testing service 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.
Animal Feed Testing Service 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 animal feed testing service market size has grown rapidly in recent years. It will grow from $1.13 billion in 2023 to $1.24 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to scientific research and development, globalization of feed trade, quality assurance demands, focus on nutritional value, industry consolidation and expansion.
The animal feed testing service market size is expected to see strong growth in the next few years. It will grow to $1.81 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to globalization and trade expansion, rising demand for safe food, regulatory compliance and stringency, nutritional analysis and labeling requirements, focus on animal welfare. Major trends in the forecast period include increased regulatory compliance, demand for nutritional analysis, quality assurance & traceability, growing awareness of food safety, expansion in livestock production..
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Scope Of Animal Feed Testing Service 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.
Animal Feed Testing Service Market Overview
Market Drivers –
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. Additionally, the rising occurrence of livestock illnesses has boosted demand for animal feed testing services. for instance, in May 2022, according to World Health Organization a Switzerland-based agency responsible for international public health, an estimated 600 million people worldwide gets ill after eating contaminated food and 420 000 die each year, resulting in the loss of 33 million healthy life years and US$ 110 billion in productivity and medical expenditures due to hazardous food in low- and middle-income nations. Furthermore, children under the age of five account for 40% of the foodborne illness burden, with 125 000 fatalities per year.
Market Trends –
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 covered in this report 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 Equuipment Types
4) By End-Users: Manufacturers, Third Party Testers, Growers Or Non-Profits
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Regional Insights –
North America was the largest region in the animal feed testing service market in 2023. The regions covered in the animal feed testing service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the animal feed testing service market report are Agrolab GmbH, ALS Limited, Bruker Corp., Central Testing Laboratory Inc., Cumberland Valley Analytical Services Inc., DM Scientific Ltd., EMSL Analytical Inc., SGS SA, Eurofins Scientific SE, Intertek Group plc, Mérieux NutriSciences Corporation, Dairyland Laboratories Inc., AES Laboratories Pvt. Ltd., BÜCHI Labortechnik AG, Envirologix Inc., Bureau Veritas, Neogen Corporation, AsureQuality Limited, Charm Sciences Inc., Premier Analytical Services, Bio-Check Ltd., KRISHGEN BIOSYSTEMS, BIOBASE Group, Metrohm AG, CEM Corporation, Evonik Industries AG, Elementar Analysensysteme GmbH, Zhengzhou Nanbei Instrument Equipment Co. Ltd., Life Technologies Inc., TUV Rheinland .
Table of Contents
1. Executive Summary
2. Animal Feed Testing Service Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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