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Animal Feed Testing Service Market 2024-2033: Competitor Assessment, New Trends, Share Analysis And Global Key Players

04-30-2024 07:19 AM CET | Food & Beverage

Press release from: The Business Research Company

Animal Feed Testing Service Market

Animal Feed Testing Service Market

The animal feed testing service market size has grown rapidly in recent years. It will grow from $1.13 billion in 2023 to $1.24 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to scientific research and development, globalization of feed trade, quality assurance demands, focus on nutritional value, industry consolidation and expansion..

The animal feed testing service market size is expected to see strong growth in the next few years. It will grow to $1.81 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to globalization and trade expansion, rising demand for safe food, regulatory compliance and stringency, nutritional analysis and labeling requirements, focus on animal welfare.. Major trends in the forecast period include increased regulatory compliance, demand for nutritional analysis, quality assurance & traceability, growing awareness of food safety, expansion in livestock production..

Market Overview -
Animal feed testing services are assessments used to balance diets and determine the requirement for nutritional supplements, both of which are essential for effective livestock production. Individual and compound feed, basic feeds (maize silage, hay, etc.)and supplementary feeds for livestock, aquaculture, poultry, horses and pets were all examined.

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Rising Incidence Of Food-Borne Illnesses Drives Growth In Animal Feed Testing Services
The rising number of food-borne illnesses is expected to propel the growth of the animal feed testing services. Foodborne illnesses are diseases caused by eating or drinking infected foods or drinks. The majority of foodborne illnesses are infections caused by bacteria, viruses and parasites. The threats presented by these pathogens and spoilage microorganisms make animal feed testing essential for ensuring food safety, since contaminants can quickly travel through the supply chain and cause livestock herd damage, product recalls, or public health concerns. Additionally, the rising occurrence of livestock illnesses has boosted demand for animal feed testing services. for instance, in May 2022, according to World Health Organization a Switzerland-based agency responsible for international public health, an estimated 600 million people worldwide gets ill after eating contaminated food and 420 000 die each year, resulting in the loss of 33 million healthy life years and US$ 110 billion in productivity and medical expenditures due to hazardous food in low- and middle-income nations. Furthermore, children under the age of five account for 40% of the foodborne illness burden, with 125 000 fatalities per year.

Competitive Landscape -
Major companies operating in the animal feed testing service market report are Agrolab GmbH, ALS Limited, Bruker Corp., Central Testing Laboratory Inc., Cumberland Valley Analytical Services Inc., DM Scientific Ltd., EMSL Analytical Inc., SGS SA, Eurofins Scientific SE, Intertek Group plc, Mérieux NutriSciences Corporation, Dairyland Laboratories Inc., AES Laboratories Pvt. Ltd., BÜCHI Labortechnik AG, Envirologix Inc., Bureau Veritas, Neogen Corporation, AsureQuality Limited, Charm Sciences Inc., Premier Analytical Services, Bio-Check Ltd., KRISHGEN BIOSYSTEMS, BIOBASE Group, Metrohm AG, CEM Corporation, Evonik Industries AG, Elementar Analysensysteme GmbH, Zhengzhou Nanbei Instrument Equipment Co. Ltd., Life Technologies Inc., TUV Rheinland .

Innovative Shelf-Life Analysis Services Are Gaining Popularity In The Market
Product innovations are a key trend gaining popularity in the animal feed testing services market. Major companies operating in the animal feed testing services market are focused on developing innovative solutions to strengthen their position in the market. For instance, in October 2021, Sciantec Analytical Services Ltd. (a subsidiary of Cawood Scientific Ltd.), a UK-based company that deals with the analytical testing of animal nutrition materials, launched innovative shelf-life analysis services. The tests assist animal feed and commodity producers in the aquaculture, equestrian, agricultural, zoo, pet and specialty animal feed sectors in adhering to applicable industry norms and meeting animal welfare requirements. The unique feature of this test service is the safety and quality of all types of feeds and raw materials, as well as the deterioration of their quality over time, including tracking the development of hazardous bacteria under defined settings.

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Key Segments -
The animal feed testing service market covered in this report is segmented -
1) By Testing Type: Pathogen Testing, Fats And Oils Analysis, Feed Ingredient Analysis, Metal And Mineral Analysis, Pesticides And Fertilizers Analysis, Drugs And Antibiotics Analysis, Mycotoxin Testing, Nutritional Labeling, Proximate Analysis, Other Testing Types
2) By Feed Type: Pet Feed, Equine Feeds
3) By Equipment Type: Bomb Calorimeter, Atomic Absorption Spectroscope (AAS), Gas Chromatograph-Flame Ionization Detector (GC-FID), Gas Chromatograph-Mass Spectrometer (GC-MS), High Performance Liquid Chromatography (HPLC), Other Equuipment Types
4) By End-Users: Manufacturers, Third Party Testers, Growers Or Non-Profits

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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