The Asia-Pacific feed testing market size is expected to reach USD 199.02 million in 2024 and reach USD 312.73 million by 2029, growing at a CAGR of 9.46% during the forecast period from 2024 to 2029.
The feed testing market is showcasing significant potential in the mentioned forecast period. The market continues to build up momentum with the rising demand for specific feed additives like proteins being included and thus the requirement for testing of feed. Companies in the agricultural industry have been showing significant interest in the market recently.
Feed testing is generally used to test for pesticides, pathogens, mycotoxin, etc. in order to ensure the absence of any contaminants that may be responsible for food poisoning, toxicity, or any other illness. These tests are necessary for maintaining proper animal health and thus improving their productivity.
Rising demand for high-quality and sustainable animal nutrition products has led to the rapid growth of the market in recent years. Other factors driving the Feed Testing Market include compulsory analysis of feed safety and quality, customized services emerging as cost and time-effective solutions, and management of feed productions’ operating costs. The market also faces some restraints and challenges as well. Some of these are lack of awareness among farmers about animal feed regulations, Expert analysis required to use advanced testing technologies for extensive sample preparation. These factors have been responsible for holding the market.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
9.46% |
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Segments Covered |
By Livestock, Type and Country |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
China, India, Australia, Japan, South Korea, etc |
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Market Leaders Profiled |
Adpen Laboratories Inc., Eurofins Scientific, Bureau Veritas SA, Institut Für Produktqualität Gmbh (IFP), Genon Laboratories Ltd., Intertek Group Plc, Romer Labs Inc., R J Hill Laboratories Ltd, Silliker Inc, SGS SA. |
Some of the major companies dominating the market, by their products and services are Bureau Veritas SA, Adpen Laboratories Inc., Eurofins Scientific, Institut Für Produktqualität Gmbh (IFP), Genon Laboratories Ltd., Intertek Group Plc, Romer Labs Inc., R J Hill Laboratories Ltd, SGS SA, Silliker Inc.
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