11-26-2018 03:08 PM CET - Advertising, Media Consulting, Marketing Research
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Residue Testing Market Shares, Strategies and Forecast Worldwide, 2016-2026

Press release from: Future Market Insights



Implementations of stringent food safety regulations, growth in allergic reactions among the customers and increasing contamination of food processing industries are some of the key factors driving the global residue market. Chromatography is one of the techniques used to test the residues in food which is anticipated to form a fastest growing segment in residue testing market during the forecast period. Various methods are used in finding of contaminants which include food allergens, pathogens, toxins, pesticides residue and heavy metals. The market for the pesticides residues testing is having highest market share presently. The use of harmful pesticides is highly regulated in North America and European region and their supply for some pesticides is under strict control. The situation in Asian countries is quite different. DDT (dichlorodiphenyltrichloroethane) is used in some Asian countries such as India while it is banned in the US.

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The residue testing market is likely to get benefit from the strong growth demand for specialist diets and packaged foods. The dissolution for trade obstacles and the resulting improvement in the international food trade has augmented the necessity for consolidation of residue testing regulations. New emerging markets such as Asia-pacific with high potential for residue testing market is expected to fuel the future growth because of the high reliance on agricultural commodity exports. Various countries from developed regions have implemented the tolerance levels in food products which are acting as a driver for residue testing market. Recent advancements in the microbial testing methods are anticipated to spur the global residue testing market during the forecast period.

Based on the type the global residue testing market is segmented into: Pesticides, Toxins, Heavy Metals & Allergens; Based on the technology type the global residue testing market is segmented into: Chromatography, Spectroscopy, Immunoassay; Based on the Food Tested the global residue testing market is segmented into: Meat & Poultry, Dairy Products, Processed Food, Fruits & Vegetables, Cereals

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In terms of geography, the global residue testing market has been divided into five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa.The global residue testing market is expected to register healthy CAGR during the forecast period. North America is anticipated to be dominant for global residue testing market followed by Asia Pacific and Europe. The China residue testing market is expected to be the fastest-growing market in Asia-Pacific region as China exports a large amount of agricultural goods to the European market.

Key players

Some of the key players in the global residue testing market are VICAM LP, Neogen Corporation, IDEXX Laboratories Inc., Charm Sciences Inc. etc.

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

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This release was published on openPR.
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