North America Feed Testing Market is expected to reach USD 520.75 million by 2026 from USD 421.35 million in 2021, growing at a CAGR of 8.93%.
The Feed Testing market is forecasted to show great potential over the mentioned period. The market has continued to gain momentum with the increase in demand for the inclusion of specific additives in feed, like proteins, and therefore the need for feed testing. The bigger companies in the agricultural sector have shown interest in the market in recent years.
Feed testing is used in tests for pathogens, pesticides, mycotoxin, etc. in order to make sure of the absence of any contamination that might be responsible for food poisoning, toxicity, or any other illness. These tests are really important to maintain proper animal hygiene and hence improve their productivity.
Drivers and Restraints:
The rise in the demand for sustainable and high-quality animal nutrition products has led to significant growth in the market lately. Other major factors responsible for driving the Feed Testing Market are compulsion of analysis of feed quality and safety, management of operating cost of feed productions, emerging customized services as time, and cost-effective solutions. The market has been facing a few challenges and restraints as well. Some of them are lack of farmers’ awareness related to feeding regulations, need for expert analysis for using advanced testing technologies for extensive preparation of the sample. These factors have held down the market in its track.
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2021 – 2026 |
|
Base Year |
2020 |
|
Forecast Period |
2022 - 2027 |
|
CAGR |
8.93% |
|
Segments Covered |
|
|
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 |
|
Regions Covered |
|
|
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. |
Market Segmentation:
Nutritional Labelling Analysis
The market share was dominated by the Pathogen testing segment.
The segment cattle accounted for the biggest share in the market on the basis of livestock due to the increase in cattle meat production in recent years and is expected to grow even further.
Geographical Analysis:
On the basis of geography, the North America market is analyzed under various regions namely
Key Players:
Some of the major companies dominating the market, by their products and services include 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.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Crop Chemicals
5.1.3 Nutritional Labelling
5.1.4 Pathogen Testing
5.1.5 Fats & Oils Analysis
5.1.6 Mycotoxin Testing
5.1.7 Y-o-Y Growth Analysis, By Type
5.1.8 Market Attractiveness Analysis, By Type
5.1.9 Market Share Analysis, By Type
5.2 Livestock
5.2.1 Introduction
5.2.2 Poultry
5.2.3 Swine
5.2.4 Cattle
5.2.5 Ruminant
5.2.6 Aquaculture
5.2.7 Pet Foods
5.2.8 Y-o-Y Growth Analysis, By Livestock
5.2.9 Market Attractiveness Analysis, By Livestock
5.2.10 Market Share Analysis, By Livestock
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Livestock
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Livestock
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Livestock
6.2 United States
6.3 Canada
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Adpen Laboratories Inc.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Eurofins Scientific
8.3 Bureau Veritas SA
8.4 Genon Laboratories Ltd.
8.5 Intertek Group Plc
8.6 Institut Für Produktqualität Gmbh (IFP)
8.7 R J Hill Laboratories Ltd
8.8 Romer Labs Inc.
8.9 SGS SA
8.10 Silliker Inc.
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
Talk to our analyst and get customised report done according to your research needs
Check if you can avail any discount. Submit your details and our team will get back to you.
Request to avail a free sample report that reflects this market and its growth.
