The pet food 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.
Pet Food 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 pet food testing market size has grown strongly in recent years. It will grow from $7.63 billion in 2023 to $8.18 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to growing concerns about pet health and nutrition, growth in pet food manufacturing facilities, rising prevalence of food allergies in pets, increase in disposable income, demand for transparency in pet food labelling.
The pet food testing market size is expected to see strong growth in the next few years. It will grow to $10.89 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to increased pet ownership and humanization of pets, growing awareness of providing quality and packaged pet food, shift towards direct-to-consumer pet food sales models, increasing consumer preference for purchasing from trusted brand portals, demand for compliance with high food safety standards. Major trends in the forecast period include technological advancements in testing methods, adoption of novel ingredients in pet food formulations, expansion of veterinary diagnostics and health services, advances in genetic testing for personalized pet nutrition, integration of blockchain technology for traceability.
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Scope Of Pet Food 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.
Pet Food Testing Market Overview
Market Drivers –
The rising pet ownership is expected to propel the growth of the pet food testing market going forward. Pets are domesticated animals kept by humans for companionship, entertainment, and sometimes for assistance in specific tasks. The rise is due to growing awareness of the emotional and health benefits pets provide, along with changing social and demographic trends that favor companionship and support from animals. Pet food testing is required to ensure the safety, nutritional adequacy, and quality of pet food, protecting pets from harmful substances and ensuring they receive essential nutrients for their health and well-being. For instance, in October 2022, according to a report published by the American Veterinary Medical Association, a US-based non-profit organization, there was a 29% increase in the proportion of families with at least one cat in 2022. For households with one dog, the cost of veterinarian services rose to $362 annually, while the average yearly cost of veterinary visits for households with cats was $321. Therefore, the rising pet ownership is driving the growth of the pet food testing market.
Market Trends –
Major companies operating in the pet food testing market are developing technologically advanced products, such as Salmonella testing kits, to ensure the safety and quality of pet food and detect contaminants quickly and accurately, helping manufacturers comply with stringent safety regulations. A Salmonella testing kit is a diagnostic tool used to detect the presence of Salmonella bacteria in food, water, or environmental samples through specific biochemical reactions or immunoassays. For instance, in March 2022, PerkinElmer Inc., a US-based provider of technology and service solutions, launched the Solus One testing kit. The Solus One Salmonella testing kit by PerkinElmer is designed for use on both dry and wet finished pet foods for dogs, cats, rabbits, hamsters, and guinea pigs, delivering rapid results within 24 hours. It holds AFNOR certification to ISO 16140 against ISO 6578-1:2017, ensuring reliable and precise outcomes. The kit supports manual use or integration into automation with Dynex Technologies’ DS-2 system, offering increased throughput and cost-effective training compared to PCR methods. Additionally, it features result confirmation through culture and latex processes, boasts a compact design with reduced consumable usage, and is packaged in a recyclable box.
The pet food testing market covered in this report is segmented –
1) By Type: Label Validation And Marketability Testing, Nutritional Analysis, Packaging Leak Detection, Stability Study, Other Types
2) By Form: Wet Food, Dry Food
3) By Application: Dog Food, Cat Food, Other Applications
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Regional Insights –
North America was the largest region in the pet food testing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pet food testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the pet food testing market are Mars, J.M. Smucker Co., Nestlé Purina Petcare, Eurofins Scientific SE, SGS SA, Bureau Veritas, Unicharm Corp., Intertek Group Plc, Royal Canin, Mérieux NutriSciences Corporation, AGROLAB, Hill’s Pet Nutrition Inc., Kemin Industries Inc., Neogen Corporation, Hartz Mountain Corporation, Diamond Pet Foods Inc., Nutro Co., Laroy Group, Iams Co., Lupus Alimentos, Deuerer, United Petfood, Tentamus Group GmbH, Alex Stewart Agriculture Ltd., Big Heart Pet Inc.
Table of Contents
1. Executive Summary
2. Pet Food Testing Market Report Structure
3. Pet Food Testing Market Trends And Strategies
4. Pet Food Testing Market – Macro Economic Scenario
5. Pet Food Testing Market Size And Growth
…..
27. Pet Food Testing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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