Latin America Feed Testing Market

Latin America Feed Testing Market Size 2022 - 2027:

Latin America Feed Testing Market value USD 91.45 million in 2021 and is forecasted to exhibit a CAGR of 9.38% and reach USD 138.51 million by 2026

The Feed Testing market is predicted to showcase the huge potential in the forecasting period. The market has continued to gain momentum with the rising demand for including specific additives in feed, like proteins, and thus the increase in the need for feed testing. Various companies in the agricultural industry have been showing interest in the market lately.

Feed testing is usually used for testing for pesticides, mycotoxin, pathogens, etc. so as to ensure against the presence of any contaminants that might be responsible for food toxicity, poisoning or any other illness. These feed tests are required for maintaining proper health in animals and thus improve their productivity.

Drivers and Restraints of Latin America Feed Testing Market:

Increasing demand for higher quality and sustainable animal nutritional products has led to rapid growth in the market recently. Other important factors driving the growth of the Feed Testing Market are customized services emerging as cost and time-effective solutions, compulsory analysis of feed safety and quality, management of feed productions’ operating costs. The market has been facing some challenges and restraints as well. Some of the major ones are Expert analysis required to use advanced testing technologies for extensive sample preparation, lack of awareness among farmers about animal feed regulations. These factors are responsible for holding down the market.

LATIN AMERICA FEED TESTING MARKET REPORT COVERAGE:

Market Segmentation:

Latin America Feed Testing Market - By Type:

• Crop Chemicals Analysis
• Pathogen Testing
• Nutritional Labelling Analysis
• Fats & Oils Analysis
• Mycotoxin Testing

The Pathogen testing segment leads the market share.

Latin America Feed Testing Market - By Livestock:

• poultry
• swine
• cattle
• pet foods
• aquaculture
• others

The cattle segment had the highest market share under livestock segmentation due to the increase in production of cattle meat over the recent years and is expected to grow even further.

Geographical Analysis:

On the basis of geography, the Latin America market is analyzed under various regions namely Brazil, Argentina, Mexico, and the Rest of Latin America.

Major Key Players:

Some of the major companies dominating the market, by their products and services include Adpen Laboratories Inc., SGS SA, Bureau Veritas SA, Genon Laboratories Ltd., Eurofins Scientific, Institut Für Produktqualität Gmbh (IFP), R J Hill Laboratories Ltd, Intertek Group Plc, Romer Labs Inc., Silliker Inc.