Grain analysis Market to Eyewitness Massive Growth by 2030: Alex Stewart International, ALS Limited, Eurofins Scientific

According to a new report published by Allied Market Research, titled, "Grain Analysis Market by Grain Type, Target Tested, Technology, and End Use: Global Opportunity Analysis and Industry Forecast, 2021-2030," the global grain analysis market size was valued at $2,121.6 million in 2020, and is projected to reach $3,853.8 million by 2030, registering a CAGR of 6.2% from 2021 to 2030. Grain analysis is done with the advance technologies such as immunoassay, agar culturing, and chromatography & spectrometry. All these technologies help to detect and maintain the quality of cereals and pulses.

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Regional Outlook

The Asia-Pacific region is the fastest growing segment in the global grain analysis market. The variety of food grains such as wheat, millet, rice, and corn are consumed in India on a large scale. This factor provides lucrative opportunity for the expansion of grain analysis market. The Asia region is regarded as dominant region for rice production accounting around 90%, according to Food and Agricultural Organization (FAO). The increase in health awareness and rise in investments for research and development (R&D) activities are factors contributing towards the growth of Asia-Pacific grain analysis market.

Top Key Companies Involved:

Alex Stewart International

ALS Limited

Eurofins Scientific

Genetic ID NA, Inc.

Intertek Group plc

Mérieux NutriSciences

Neogen Corporation

Romer Labs Division Holding GmbH

SGS SA, and Symbio Laboratories.

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The grain analysis market is predicted to rise in popularity during the forecast period, owing to rising consumption of food grains and rising production of food grains. Furthermore, favorable climatic conditions for the production of food grains will also have significant impact on the market. The factors and grain analysis market trends such as population growth, urbanization, rise in disposable incomes, and increase in the standard of living are driving the growth of grain analysis market.

Key findings of the study

-> The global grain analysis market size was valued at $2,121.6 million in 2020, and is projected to reach $3,853.8 million by 2030, registering a CAGR of 6.2% from 2021 to 2030.
-> By grain type, the cereals segment was the highest contributor to the market, with $1,503.1 million in 2020, and is estimated to reach $2,690.5 million by 2030, at a CAGR of 6.0% during the forecast period.
-> By target tested, the pathogens segment was the highest contributor to the market, with $877.3 million in 2020, and is estimated to reach $1,549.1 million by 2030, at a CAGR of 5.9% during the forecast period.
-> By technology, the polymerase chain reaction segment was the highest contributor to the market, with $1,019.0 million in 2020, and is estimated to reach $1,804.1 million by 2030, at a CAGR of 5.9% during the forecast period.
-> By end use, the food industry segment was the highest contributor to the market, with $1,346.9 million in 2020, and is estimated to reach $2,429.6 million by 2030, at a CAGR of 6.1% during the forecast period.
-> By region, North America was the highest revenue contributor, accounting for $897.2 million in 2020, and is estimated to reach $1,513.1 million by 2030, with a CAGR of 5.4%.

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By technology, the market is categorized into agar culturing, convenience-based, Polymerase Chain Reaction (PCR), immunoassay, and chromatography & spectrometry. The Polymerase Chain Reaction (PCR) hold the largest market share in 2020, due to its speed, efficiency, and low expense characteristics. By end use, the grain analysis market is fragmented into food industry and feed industry. The food industry holds the largest grain analysis market share in 2020, as grain analysis is gaining traction in the market owing to easy availability and wide application of grains in the food industry.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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