Global Feed Testing market is expected to reach $4.08 billion by 2027

GAITHERSBURG, Md., Aug. 3, 2020 /PRNewswire/ -- According to Stratistics MRC, the Global Feed Testing Market is accounted for $2.12 billion in 2019 and is expected to reach $4.08 billion by 2027 growing at a CAGR of 8.5% during the forecast period.

Some of the key players profiled in the Feed Testing Market include Adpen Laboratories Inc., Bureau Veritas SA , Eurofins Scientific, Genon Laboratories Ltd., Institut Für Produktqualitat Gmbh (IFP), Intertek Group Plc, Invisible Sentinel Inc., NSF International, R J Hill Laboratories Ltd, Romer Labs Inc., SGS SA and Silliker Inc.

Rising interest for quality & sustainable animal nutrition products and Increase in demand for inclusion of protein and specific feed additives are the major factors propelling the market growth. However, lack of awareness about animal feed regulations is hampering the market growth.

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Feed testing is the method of achieving an appropriate balance among the available feed ingredients. The main purpose of this feed program is to check the contamination level in the feedstock of animals. In order to execute successful feed testing, one needs the information about the nutrient content of the feed ingredients. There are numerous variations in nutrient composition between different feeds.

Based on the livestock, the poultry feed segment is likely to have a huge demand due to the shift in customer purchase pattern towards poultry feed products that have been certified as standard quality by relevant authorities and raise in trends of meat consumption would heavily manipulate the growth rate of the segment over the forecast period.

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By geography, North America is estimated to have a lucrative growth due to the outbreak of several diseases that affected the health of animals and humans. Stringent regulations regarding feed testing were implemented by several regulatory bodies such as FDA, FAO, USDA, EUROPA, and EFSA, which made it mandatory for the feed manufacturers to test the quality of their feed ingredients and accordingly label the products.

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Livestock's Covered:

• Aquafeed
• Cattle Feed
• Dairy Feed
• Equine Feed
• Forages
• Pets Feed
• Poultry Feed
• Ruminant Feed
• Swine Feed

Types Covered:

• Crop Chemicals Testing
• Drugs & Antibiotics Testing
• Fats & Oils Analysis
• Feed Ingredient Analysis
• Metal & Mineral Analysis
• Mycotoxin Testing
• Nutritional Labeling Analysis
• Pathogen Testing
• Pesticide Residue Analysis
• Proximate Analysis
  

Regions Covered:

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• Italy
• UK
• Spain
• Rest of Europe
• Asia Pacific
• Japan
• China
• India
• Australia
• New Zealand
• South Korea
• Rest of Asia Pacific
• South America
• Argentina
• Brazil
• Chile
• Rest of South America
• Middle East & Africa
• Saudi Arabia
• UAE
• Qatar
• South Africa
• Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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SOURCE Stratistics Market Research Consulting Pvt Ltd