Dairy testing market is projected to reach USD 5.90billion by 2022 from USD 4.13 billion in 2017, at a CAGR of 7.4%.
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The key players in the Dairy Testing Market include – SGS, Bureau Veritas, Intertek, Eurofins, TÜV SÜD, TÜV NORD GROUP, ALS Limited, Neogen Corporation, Asure Quality, Mérieux Nutri Sciences, Microbac Laboratories, Romer Labs.
Europe was the largest dairy testing market in 2016 as it has the most stringent regulations in place to make sure that dairy products are safe for human as well as animal consumption. It also has the highest number of testing laboratories among all other regions and tests the most number of dairy samples.
The market in the Asia Pacific region is projected to be the fastest from 2017 to 2022 and is driven by major dairy producing countries such as China, Australia & New Zealand, and India as they are becoming more aware of food safety and are implementing regulations for testing.
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- Manufacturers, importers & exporters, traders, distributors, and suppliers of dairy testing kits, equipment, reagents, chemicals, and other related consumables
- Dairy testing service providers
- Dairy producers, processors, and manufacturers of dairy products
- Government and research organizations
- Trade associations and industry bodies
- Regulatory bodies such as the Food and Drug Organization (FDA), European Food Safety Authority (EFSA), Food Standards Australia New Zealand (FSANZ), and Food Safety Commission of Japan
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The market is driven by an increase in the outbreak of food borne illnesses, globalization of dairy trade, and stringent safety and quality regulations for food. Lack of coordination between market stakeholders and improper enforcement of regulatory laws & supporting infrastructure in developing economies are the major restraints for this market.
The safety testing segment was the largest in 2016 and is projected to grow at a high CAGR during the forecast period. This is due to significant emphasis being laid on safety testing of food output, with regulatory authorities focusing on addressing regulatory loopholes, preventing adulteration, malpractices, and labeling mandates.
The rapid technology segment dominated the market in 2016 and is projected to be the fastest growing by 2022. This is due to its low turnaround time, higher accuracy, sensitivity, and ability to test a wide range of contaminants in comparison to traditional technology.
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The report analyzes the dairy testing market across different type and regions. It aims at estimating the market size and future growth potential of this market across different segments such as type, technology, product, and region.
Furthermore, the report also includes in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
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