Press release
Feed Testing Market Size, Share, Company Profiles 2021 – 2027
Precision Business Insights published a research report on “Feed Testing Market By Testing Type (Fertilizers and Pesticides Testing, Mycotoxin Testing, Proximate Analysis, Nutritional Labelling, Feed Ingredients Analysis, Fats and Oils Analysis, Minerals and Metal Analysis, Pathogen Analysis, Others) By Livestock, (Poultry, Swine, Ruminants, Aquatic animals, Equine, Sheep, Others) and Geography - Global/Region/Country Forecast to 2027".The constructivist approaches an optimal balance among the accessible feed ingredients is known as feed testing. The major purpose of this feed programme is to determine the amount of contamination in animal fodder. To meet the expected feed testing, one must have knowledge about the nutrient composition of the feed ingredients. The nutritional makeup of different meals varies significantly. The global feed testing market has been driven by increased demand for high-quality animal feed and rising feed processing operational costs. On the other hand, a lack of awareness about feed laws, as well as the high expense of and prolonged sample processing, may stymie worldwide growth.
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Owing to the large number of high animal nutrition, the global feed testing market is expected to reach USD 2.75 billion by 2023, growing at a CAGR of over 7.5% in value terms. Furthermore, the increased need for optimal nutrients in animal feed, combined with tight regulations to ensure feed quality, will drive market expansion throughout the projection period. The pathogen testing sector is estimated to lead the Global Feed Testing market during the forecast period, owing to the growing need for analyzing pathogens contained in food that could cause possible livestock illnesses. Because of the increased supply for feed testing in pet food to ensure food safety and quality, the pet feed sector has the greatest market share and is expected to lead the market in the projected future. Due to tight requirements set by regulatory authorities as well as government entities to assure feed safety and quality in order to avoid dangerous infections, the North American region leads the Feed Testing market and is projected to keep its position.
The global feed testing market is fragmented by type which is further divided into crop chemicals analysis, pathogen testing, fats and oils analysis, nutritional labeling analysis, mycotoxin testing, and other types. On the basis of feed type, the global feed testing market is segregated into poultry feed, ruminant feed, aquaculture feed, swine feed, and pet food.
In the worldwide feed testing market, North America has the greatest share. The strict regulatory environment, combined with large-scale feed manufacturing, is driving the expansion of the feed testing market in North America. The North American region's big share can be ascribed to an upsurge in outbreaks of feed-borne diseases, the presence of a significant number of feed safety testing operators, and severe food safety standards in the region.
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There are some major players working in feed pigments market, which include D.D. Williamson & Co., Inc. (DDW) (U.S.), BASF SE (Germany), Kemin Industries, Inc. (U.S.), Royal DSM N. V. (Netherlands), Novus International, Inc.(U.S.), Synthite Industries Ltd (India), Nutrex NV (Belgium), Guangzhou Leader Bio-Technology Co., Ltd (China) to name a few.
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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.
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