Global Antibiotic Residue Test Kits Market Report Reveals Top Players, Ongoing Trends, Growth Factors and Forecast till 2026

Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of antibiotic residue test kits market. The study is titled as “Antibiotic Residue Test Kits Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026”, which deeply analyses the global market trends, with historical data from 2017 and 2018, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2026. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global antibiotic residue test kits market.

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According to Fact.MR’s latest forecast study, the global market for antibiotic residue test kits is pegged to expand robustly in the near future. Key findings from the report reveal that the global antibiotic residue test kits market will witness an expansion at 6.2% CAGR in terms of value over the forecast period, 2017-2026. The report further estimates that by the end of 2026, approximately US$ 295 Mn worth of antibiotic residue test kits will be sold worldwide.

3 Key Highlights from the Report

1. According to the report, the adoption of beta-lactams tests will be the highest across the global antibiotic residue test kits market. The report observes that throughout the forecast period, sales of beta-lactams tests will account for approximately one-third share of global market revenues. By the end of 2026, nearly US$ 95 Mn worth of beta-lactams test kits will be sold globally. The demand for tetracycline tests will also gain traction in the upcoming years, bringing in around US$ 50 Mn in global revenues by the end of 2026. Meanwhile, sulfonamides tests will register fastest revenue growth at a CAGR of 7.1% over the forecast period.

2. Food and beverage industry will represent the largest end-user of antibiotic residue test kits. More than 65% of the global antibiotic residue test kits market value will be accounted by the end-use of these kits in ensuring the safety of food items and beverages, particularly for dairy products. The report also observes a rampant end-use of antibiotic residue test kits in veterinary purposes.

3. In 2017, North America registered highest sales of antibiotic residue test kits. The consumer marketplaces in the US and Canada will continue to promote the use of antibiotic residue test kits in food safety measures. By the end of 2026, North America will be dubbed as the largest market for antibiotic residue test kits, surpassing an estimated valuation of US$ 100 Mn.

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Food & Beverage Industry End-use to Translate High Revenue Growth

In 2018 and beyond, antibiotic residue test kits will be predominantly used in the food and beverage industry. A range of antibiotic residue test kits are being used for ensuring safety of milk and other dairy products. Their use in inhibiting the growth of microorganisms through anti-infection principles will further extend their end-use in the global production of food items and beverages. By the end of 2026, the end-use of antibiotic residue test kits in global food & beverage industry will bring in revenues worth over US$ 196 Mn. The report also reveals that the veterinary end-use of antibiotic residue test kits will register fastest revenue growth at an estimated 6.7% CAGR over the forecast period.

High Demand for Beta-lactams to Account for One-third Share of Global Market Value through 2026

The report reveals that during the forecast period, beta-lactams tests will be predominantly used in detecting antibiotics residues in foods and beverages. By the end of 2026, nearly 33% of the overall global antibiotic residue test kits market revenues will be procured from the sales of beta-lactams test kits. The report also observes a surging adoption of tetracycline tests, and the sales of these kits are pegged to bring in more than US$ 50 Mn by the end of 2026. The report further projects that sulfonamide tests will register fastest revenue growth over the forecast period, reflecting a value CAGR of 7.1%.

Table of Contents:

1. Global Economic Outlook

2. Global Antibiotic Residue Test Kits Market – Executive Summary
2.1. Global Antibiotic Residue Test Kits Market – Opportunity Analysis

3. Global Antibiotic Residue Test Kits Market Overview
3.1. Introduction
3.1.1. Global Antibiotic Residue Test Kits Market Taxonomy
3.1.2. Global Antibiotic Residue Test Kits Market Definition
3.2. Global Antibiotic Residue Test Kits Market Size (US$ Mn) and Forecast, 2012-2026
3.2.1. Global Antibiotic Residue Test Kits Market Y-o-Y Growth
3.3. Global Antibiotic Residue Test Kits Market Dynamics
3.4. Supply Chain
3.5. Cost Structure
3.6. Test Procedure for Antibiotic Residue Test Kits

4. Global Antibiotic Residue Test Kits Market Analysis and Forecast 2012-2026
4.1. Global Antibiotic Residue Test Kits Market Size and Forecast By Test Type, 2012-2026
4.1.1. Beta-lactams Market Size and Forecast, 2012-2026
4.1.1.1. Revenue (US$ Mn) Comparison, By Region
4.1.1.2. Market Share Comparison, By Region
4.1.1.3. Y-o-Y growth Comparison, By Region

Continued………

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This release was published on openPR.