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Forecasting the Future of Animal Feed Testing Service Market Report 2023-2032: Agrolab GmbH, ALS Limited, Bruker Corp., Central Testing Laboratory Inc., Cumberland Valley Analytical Services Inc
Animal Feed Testing Service Market Report 2023
The Business Research Company's Animal Feed Testing Service Global Market Report 2023 the rising number of food-borne illnesses is expected to propel the growth of the animal feed testing services. Additionally, the rising occurrence of livestock illnesses has boosted demand for animal feed testing services. for instance, in may 2022, According to World Health Organization a Switzerland-based agency responsible for international public health, an estimated 600 million people worldwide gets ill after eating contaminated food and 420 000 die each year, resulting in the loss of 33 million healthy life years and US$ 110 billion in productivity and medical expenditures due to hazardous food in low- and middle-income nations.
The global animal feed testing service market size is expected to grow from $1.03 billion in 2021 to $1.13 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global animal feed testing service market is expected to reach $1.59 billion in 2027 at a CAGR of 8.8%.
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Major competitors in the animal feed testing service market are Agrolab GmbH, ALS Limited, Bruker Corp., Central Testing Laboratory Inc., Cumberland Valley Analytical Services Inc., DM Scientific Ltd., EMSL Analytical Inc., SGS SA, Eurofins Scientific SE, Intertek Group PLC., Mérieux NutriSciences Corporation, Dairyland Laboratories Inc., AES Laboratories Pvt. Ltd., BÜCHI Labortechnik AG and Envirologix Inc.
A key trend in the animal feed testing service market includes product innovations. For instance, in October 2021, Sciantec Analytical Services Ltd. (a subsidiary of Cawood Scientific Ltd.), a UK-based company that deals with the analytical testing of animal nutrition materials, launched innovative shelf-life analysis services.
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The animal feed testing service market is segmented -
• By Testing Type: Pathogen Testing, Fats And Oils Analysis, Feed Ingredient Analysis, Metal And Mineral Analysis, Pesticides And Fertilizers Analysis, Drugs And Antibiotics Analysis, Mycotoxin Testing, Nutritional Labeling, Proximate Analysis, Other Testing Types
• By Feed Type: Pet Feed, Equine Feeds
• By Equipment Type: Bomb Calorimeter, Atomic Absorption Spectroscope (AAS), Gas Chromatograph-Flame Ionization Detector (GC-FID), Gas Chromatograph-Mass Spectrometer (GC-MS), High Performance Liquid Chromatography (HPLC), Other Equipment Types
• By End-Users: Manufacturers, Third Party Testers, Growers Or Non-Profits
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the animal feed testing service market
The Business Research Company's "Global Animal Feed Testing Service Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Animal Feed Testing Service Market Include:
1. Executive Summary
2. Animal Feed Testing Service Market Characteristics
3. Animal Feed Testing Service Market Trends And Strategies
4. Animal Feed Testing Service Market - Macro Economic Scenario
5. Animal Feed Testing Service Market Size And Growth
……………
27. Animal Feed Testing Service Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Animal Feed Testing Service Market
29. Animal Feed Testing Service Market Future Outlook And Potential Analysis
30. Appendix
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