Antibiotic Residue Test Kits Market Insights, Emerging Therapies, and Market Forecast Stating Incremental CAGR Growth till 2026

Fact.MR’s recent report estimates the expansion of the global market for antibiotic residue test kits for the period, 2017-2026. During this forecast period, the global antibiotic residue test kits market is expected to witness growth at 6.2% CAGR in terms of value. By the end of 2026, around US$ 295 Mn worth of antibiotic residue test kits are expected to be sold globally.

Key role of simple diagnostic tests in detecting the presence of antibiotic residues in foods derived from animals will continue to propel the demand for antibiotic residue test kits. These tests ensure the food is safe for human consumption. Findings from these tests are of great value in increasing the nutritional index of animal-based foods. Moreover, stringent food safety measures continue to necessitate the need for adopting antibiotic residue test kits in the food & beverage industry.

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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%.

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.

Competition Tracking

Leading companies partaking in the development of antibiotic residue test kits have been profiled in this report. Companies namely, Thermo Fischer Scientific, DSM, Charm Sciences, Perkin Elmer (BioScientific Corp), Labtek Services Ltd., NEOGEN Food Safety, IDEXX Labs, R-Biopharm, Eurofins and Sciex are expected to instrument the global production of antibiotic residue test kits during the forecast period. Incorporating advancements in the field of antibiotic residue diagnostics will be prioritized by these market players. Moreover, several players in the global antibiotic residue test kits market will be eyeing at introducing multi-purpose kits in the near future.

4 Key Highlights from the Report

• 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.

• 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.

• 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.

• Europe and the Asia-Pacific excluding Japan (APEJ) regions are also expected to be at the forefront of global antibiotic residue test kits market expansion. These two region will register fast revenue growth in their antibiotic residue test kits markets, particularly due to high presence of dairy product manufacturers.

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Table of Content:

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
3.7. Recommended MRL for antibiotics in animal products as per Food and Drug Administration (FDA)
3.8. Antibiotic Residues in Animal Products
3.9. Investment Feasibility Matrix
3.10. Patent Analysis
3.11. Major strategies of Antibiotic Residue Test Kit manufacturers
3.12. Extraction Solvents used for Antibiotic Residue Analysis
3.13. PESTL Analysis
3.14. Porter’s Five Forces Analysis
3.15. Product Lifecycle
3.16. List of Distributors
3.17. Key Participants Market Presence (Intensity Map) By Region
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
4.1.2. Macrolides Market Size and Forecast, 2012-2026
4.1.2.1. Revenue (US$ Mn) Comparison, By Region
4.1.2.2. Market Share Comparison, By Region
4.1.2.3. Y-o-Y growth Comparison, By Region
4.1.3. Tetracycline Market Size and Forecast, 2012-2026
4.1.3.1. Revenue (US$ Mn) Comparison, By Region
4.1.3.2. Market Share Comparison, By Region
4.1.3.3. Y-o-Y growth Comparison, By Region
4.1.4. Aminoglycosides Market Size and Forecast, 2012-2026
4.1.4.1. Revenue (US$ Mn) Comparison, By Region
4.1.4.2. Market Share Comparison, By Region
4.1.4.3. Y-o-Y growth Comparison, By Region
4.1.5. Amphenicols Market Size and Forecast, 2012-2026
4.1.5.1. Revenue (US$ Mn) Comparison, By Region
4.1.5.2. Market Share Comparison, By Region
4.1.5.3. Y-o-Y growth Comparison, By Region
4.1.6. Sulfonamides Market Size and Forecast, 2012-2026
4.1.6.1. Revenue (US$ Mn) Comparison, By Region
4.1.6.2. Market Share Comparison, By Region
4.1.6.3. Y-o-Y growth Comparison, By Region

Continued……………..

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