Residue Testing Market Analysis with COVID-19 Strategic Trends and Forecast to 2027

The research report "Global Residue Testing Market by Type (Toxins (Mycotoxins, Others), Pesticide residues (Insecticides, Herbicides, Fungicides, Others), Food Allergens, Veterinary drugs, Heavy metals), by technology (Immunoassay, Spectroscopy, Chromatography (LC, GC, HPLC), Other technologies), by Application (Dairy products, Fruits & vegetables, Meat & poultry, Cereals, grains & pulses, Processed foods, Functional food ingredients, Nuts, seed & spice, Others) and Geography-Global/Region/Country Forecast to 2027", Residue Testing Market was valued at USD 3107.28 Million in the year 2020 and is anticipated to grow at USD 5680.23 Million in 2027 at a CAGR of 7% during the forecast period 2021-2027.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on "Global Residue Testing Market by Type (Toxins (Mycotoxins, Others), Pesticide residues (Insecticides, Herbicides, Fungicides, Others), Food Allergens, Veterinary drugs, Heavy metals), by technology (Immunoassay, Spectroscopy, Chromatography (LC, GC, HPLC), Other technologies), by Application (Dairy products, Fruits & vegetables, Meat & poultry, Cereals, grains & pulses, Processed foods, Functional food ingredients, Nuts, seed & spice, Others) and Geography-Global/Region/Country Forecast to 2027".

View detailed Report Description at https://precisionbusinessinsights.com/market-reports/global-residue-testing-market/

Global Residue Testing Market In-detail Analysis:

Agriculture residue refers to a contaminant that reveals negative effects on the health of the people. Generally, several methods are used for checking the contaminants, which include Mycotoxins, micro-organisms and heavy metals, toxins and food allergens. They are hugely used in applications like vegetable, dairy products, food, fruits and cereals. Residue testing is performed to make sure whether the agro products comply with MRL-minimum residue limits or ML-maximum levels for metal as well as chemical residues. This kind of test is done to check whether the soils consists of any organocholorine insecticides residues like dieldrin and DDT among others. Another goal behind performing this test is to make sure whether safety standards are fulfilled by the quality of the products. The huge benefit of performing residue testing for industries is it makes sure that whether the products they are offering are contaminated or healthy.

Increasing awareness among people about health concerns, strict parameters to test the harmful elements are the major factors to accelerate the growth of the global residue testing market. Furthermore, there are some other factors that foster the market growth globally such as presence of a huge count of untapped markets in emerging regions and growing sustainable food production. Latest developments in the microbial testing techniques are anticipated to drive the growth of the residue testing market growth globally. But, the unavailability of food control resources, strict regulations on food production and lack of awareness amid people about the safety rules are chief factors that can restrain the residue testing market growth.

Request a case study or sample research report at https://precisionbusinessinsights.com/request-sample?product_id=16840

Impact of COVID-19 Residue Testing Market:

In addition, the report discusses the implications of COVID-19, including the industry's initial response and strategies for ensuring business continuity in the coming years.

Asia-Pacific accounted the huge share in the Global Residue Testing Market:

Based on regional analysis, residue testing market is segmented into prominent key regions like North America, Africa, Latin America, Europe, Asia Pacific and Middle East. Among all these key regions, Asia Pacific is leading the market because of the huge increase in the food safety rules is sound in leading economies of this region such as India and China. A few other factors that lead towards the market growth in Asia Pacific are the increasing population pool, presence of untapped markets and growing food exports as well as imports.

Competitive Landscape:

A few leading key players working in the Global Residue Testing Market are Intertek Group plc. (U.K.), SGS S.A. (Switzerland), Silliker Inc. (U.S.), Eurofins Scientific (Luxembourg), Neogen Corporation (U.S.), Idexx Laboratories (U.S.), Bureau Veritas S.A. (France), Charm Sciences, Inc.

Contact Us:

Mr. Satya
Precision Business InsightsTM | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 – 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747

About Precision Business Insights:

We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet particular research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

This release was published on openPR.