Agriculture & Forestry Industry Market News

Rising awareness is fostering animal feed testing market at 6.8% CAGR and USD 846 million by 2020 according to new research report

Swine testing, poultry feed, fish feed testing are accounted as the top 3 healthy segments of the animal feed testing market with equine and dairy feed following the list a little lower.

Feed testing is a process of inspection and testing of the quality of the feed which is beneficial for efficient livestock production. Analysis on various feed parameters such as moisture content, nutritional values, extent of pathogens helps the farmer to improve the quality of feed which leads to livestock welfare further resulting in production of healthy meat.

Pegged to grow at 6.8% CAGR through 2015-2020, the animal feed testing market is set to reach 845.4 Million by 2020 according to IndustryARC market research experts.

Market Growth Trends:

With the growing population and rising demand for quality meat, food safety has gained significant importance in the recent years.

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Due to the awareness towards food safety among the consumers, consequently there has been an increasing emphasis on meat quality as well.

The livestock production industry has witnessed substantial epidemic outbreaks in the recent years has triggered the necessity for quality feed and testing mechanisms. Government across the globe has outlined the importance of testing and has mandated feed testing to ensure efficient livestock production.

With growing importance of food and livestock safety, the animal feed testing market is estimated to surge in the near future.

Report: industryarc.com/pdfdownload.php?id=37

Application and Geographical Briefs:

Testing for swine feed held a major share of the market followed by poultry feed. Fish feed testing is the fastest growing segment with a growth rate of 15.5% CAGR. Increasing importance for pet welfare in developed nations has thereby triggered the growth of pet feed testing.

Equine and dairy feed testing hold relatively lower growth prospects than others.

Regionally, Europe and Americas are accounted to be the leading geographies owing to higher social and hygiene awareness among farmers, pet owners. Growing prominence of stringent government regulations further add the sales support to the animal feed testing market.

Segmentation Overview:

IndustryARC research expert have segmented the animal feed testing market into broad types based on these 3 deciding factors:

  1. By Testing: Pathogen Testing, Fats and Oil Analysis, Feed Ingredient Analysis, Metal and Mineral Analysis and Pesticides and Fertilizers
  2. By Type: Pet Food, Equine Feeds, Fish Feeds, Poultry Feed, Dairy Feed, Forages, Premixes and Medicated Feed
  3. By Geography: Americas, Europe, APAC, Middle East and Africa and Rest of the World

Key Market Vendors:

Animal Feed Testing Market Report by IndustryARC includes more than 40 industry players analysis in depth with few of them being:

  • Food Safety Net Services, Ltd.
  • Genetic ID NA, Inc.
  • Intertek Group plc
  • InVivo Labs
  • LGC Limited
  • Life Technologies Corporation

Report: industryarc.com/37

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