Overview and Scope
Animal feed testing services are assessments used to balance diets and determine the requirement for nutritional supplements, both of which are essential for effective livestock production. Individual and compound feed, basic feeds (maize silage, hay, etc.)and supplementary feeds for livestock, aquaculture, poultry, horses and pets were all examined.
Sizing and Forecast
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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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
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
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the animal feed testing services are focused on introducing innovative solutions for feed testing, such as feed testing labs, to maximize their profits in the market. An animal feed testing lab is a facility that conducts a range of analyses to ensure the safety, quality, and nutritional value of animal feed. For instance, in September 2022, Kalmbach Feeds, a US-based manufacturer of animal feed and custom nutritional products for all livestock and poultry species, launched Veritas Agrilabs, a new full-service feed testing lab. The lab will focus on testing animal feed ingredients, finished feed and forages for customers across the United States. Veritas Agrilabs will be a full-service laboratory, offering testing services such as NIR spectroscopy, mycotoxin testing, particle size analysis, proximates (protein, fat, fiber, ADF, NDF and ash), minerals analysis, nitrogen, potash and potassium as well as moisture content. The lab plans to add additional testing capabilities in the future. The newly constructed building will contain multiple specialized labs with state-of-the-art testing equipment expected by modern laboratory customers.
The animal feed testing service market report table of contents includes:
1. Executive Summary
2. Animal Feed Testing Service Characteristics
3. Animal Feed Testing Service Trends And Strategies
4. Animal Feed Testing Service – Macro Economic Scenario
5. Global Animal Feed Testing Service Size and Growth
…..
32. Global Animal Feed Testing Service Competitive Benchmarking
33. Global Animal Feed Testing Service Competitive Dashboard
34. Key Mergers And Acquisitions In The Animal Feed Testing Service
35. Animal Feed Testing Service Future Outlook and Potential Analysis
36. Appendix
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