Press release
Global Residue Testing Market Report 2025: Key Insights, Market Size, Leading Players, and Future Trends
"The Residue Testing Market is set to experience strong growth throughout the next few years, reaching a value of $7.32 billion by 2029.
What Is The Projected Market Size Of The Residue Testing Global Market And Its Growth Rate?
- The current Residue Testing market size stands at $4.99 billion in 2024 and is expected to surge to $5.31 billion by 2025 with a compound annual growth rate of 6.4%.
- The growth during this historical period is attributed to factors such as food safety regulations and environmental pollution concerns.
- Over the coming years, strong growth is expected in the market which will reach up to $7.32 billion by 2029 at a compound annual growth rate of 8.4%.
- Forecast-period growth is being fuelled by increasing focus on microbial residue testing and consumer demand for transparency.
What Is Driving The Growth In The Residue Testing Global Market?
The rise in outbreaks of chemical contamination in the food processing industry is a major driving force behind the growth of the residue industry. Chemical substances appearing or being added to food require comprehensive inspection, testing, and certification to ensure product safety. With an estimated 1 in 10 people falling ill after eating contaminated food, the need for residue testing has never been higher. This, in turn, underpins the growth of this market sector.
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Who Are the Key Players Driving Residue Testing Global Market Report 2025 Growth?
- Eurofins Scientific SE
- Bureau Veritas SA
- SGS SA
- Intertek Group PLC
- Symbio Laboratories Pty Ltd.
- ALS Limited
- QTS Analytical Ltd.
- NSF International
- Fera Science Limited
- AB Sciex LLC
- Neogen Corporation
- Mérieux NutriSciences Corp.
- TÜV SÜD AG
- Nelson Laboratories LLC
- Pace Analytical Services LLC
- Food Safety Net Services
- IEH Laboratories & Consulting Group
- TestAmerica Laboratories Inc.
What Are The Key Trends In The Residue Testing Global Market Report?
- Rapid testing technologies
- Adoption and use of blockchain for traceability
- Strategic collaborations in testing services
- Customization of testing protocols
- Multi-residue analysis methods
- Detection of mycotoxins
What Are The Segments Of The Global Residue Testing Global Market Report?
- By Type: Chromatography, Spectroscopy, Immunoassay, Other Types
- By Product Type: Pesticide Residues, Toxins, Heavy Metals, Food Allergens, Other Types
- By Application: Meat And Poultry, Dairy Products, Processed Foods, Fruits And Vegetables, Cereals, Grains And Pulses, Nuts, Seed And Spice, Other Applications
Which Region Leads The Residue Testing Global Market Report 2025?
North America was the largest region in the residue testing market in 2024, however, Asia-Pacific is expected to be the fastest growing region in the forecast period that includes regions such as Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Residue Testing Global Market Report 2025?
- Market Size Analysis: Analyze the Residue Testing Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Residue Testing Global Market Report 2025
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Residue Testing Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Residue Testing Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and launches in the market.
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