Feed Testing Market Size | Assessment, Key Factors and Challenges by 2028

According to Precision Business Insights (PBI), the latest report, the feed testing market is expected to be worth USD 2.5 billion in 2022, growing at a 7.3% CAGR from 2022 to 2028. The global feed testing market is segmented into the following types: By Types (Pathogen testing, Nutritional labeling analysis, Mycotoxin testing, Fats & oils analysis, Crop chemicals analysis, and Others), By Feed Type (Ruminant Feed, Poultry Feed, Swine Feed, Aquaculture Feed, and Pet Food), and Geography (North America, Europe, Asia Pacific, Latin America, and MEA) Forecast to 2028. Key players' profiles in the feed testing market report are Silliker Inc., Intertek Group Plc., Eurofins Scientific, Institut für Produktqualität, Romer Labs Inc, R J Hill Laboratories Ltd, Bruker Biosciences Corporation, SGS S.A., AGROLAB Group, and SDK Laboratories. The need for feed testing has been strong due to the increased global awareness of meat safety. With the help of Hazard Analysis Critical Control Point (HACCP) systems, Good Manufacturing Practices (GMP), Good Agricultural Practices (GAP), and other rules, the regulatory bodies have been creating a safe feed of high quality. Cereals, one of the most common feed ingredients, are susceptible to fungus growth because of their high moisture content. As a result, the market for feed testing is dominated by the mycotoxin testing segment. In the market for feed testing, mold, yeast, vomitoxin counts, mold identification, and enterobacteria counts are becoming more popular.

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Pet Food Segment to Dominate the Feed Testing Market:
The pet food segment is expected to account for a larger revenue share in the global Feed Testing market, with a value share worldwide. It is projected to grow at a 7.3% CAGR between 2022 and 2028. Companies must conduct pathogen detection and identification in pet food products by the Food Safety Modernization Act (FSMA), established by the Food and Drug Administration (FDA). This is done to assure product safety. The examination of pet foods considers bird feeds, dry dog food, chilled dog food, frozen dog and cat food, dry cat food, and pet treats like jerky. The pet food under evaluation includes chicken, turkey, salmon, lipids, and grains, along with vitamins, supplements, and preservatives. For the detection of Salmonella spp. and pathogenic E. coli O157 in dry dog food and other pet food products, the GeneDisc® System technique (created by Pall Corporation) has been awarded AOAC PTM accreditation. Manufacturers have been using molecular diagnostics as part of disease control programs to get speedy and precise findings.

North America Feed Testing Market:
The North America market is expected to increase in the global feed testing market over the forecast period. It is projected to grow at a CAGR of 7.5% in the coming years. One of the biggest producers of GM soy and maize in the United States, which helps the market for GMO testing. Every stage of food production and processing is encouraged by the regulatory organizations in the area. The food producers want to impose strict food safety regulations and comprehensive control of the entire value chain, some major North American feed testing market companies include Eurofins Scientific, Intertek, NSF International, and others. These businesses are pursuing industry consolidation through merger and acquisition activities.

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Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global feed testing market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

Detailed Segmentation:
The feed testing market is segmented based on feed type, and geography.
Based on the type, the market is segmented into the following:
• Pathogen Testing
• Nutritional Labeling Analysis
• Mycotoxin Testing
• Fats & Oils Analysis
• Crop Chemicals Analysis
• Others

Based on the feed type, the market is segmented into the following:
• Ruminant Feed
• Poultry Feed
• Swine Feed
• Aquaculture Feed
• Pet Food

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This release was published on openPR.