Middle East and Africa Residue Testing Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023

Middle East and Africa Residue Testing Market report gives comprehensive outlook on Middle East and Africa Residue Testing across the region with special emphasis on countries Gulf Cooperation Council (GCC) Countries, Israel, South Africa, Rest of MEA. This report on Middle East and Africa Residue Testing market gives historical, current, and future market sizes (US$ Mn) of residue type, technology, application and countries. This report studies Middle East and Africa Residue Testing market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the market report includes regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed Middle East and Africa Residue Testing market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Opportunities).

Middle East and Africa Residue Testing Market:

Middle East and Africa Residue Testing Market projected to grow around 8% CAGR from 2017 to 2023.

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Gradual improvements in government regulations, high levels of pesticides affect Middle East and Africa Residue Testing market.

Middle East and Africa is expected to gain traction due to increased production of agricultural products, high amounts of pesticides, increased laboratories. Export restrictions on processed food stuffs and farm fresh produced from Middle East and Africa countries are propelling the growth of residue testing market. For instance, in January 2015, SGS opened pesticide residue testing laboratory in Kenya and it is first of its kind in East and Central Africa.

Pesticide Residue Testing Market is expected to dominate revenue share in Middle East and Africa residue testing market and projected to grow at significant CAGR over 2017 to 2023. High usage of insecticides, fungicides, herbicides is major driving factors of the market.

Spectroscopy technology segment expected to account for 20.0% revenue share in Middle East and Africa residue testing market and projected to grow with double digit CAGR over 2017 to 2023. Surge in adoption of mass spectrometry enables create lucrative opportunities for residue testing market.

Meat & Poultry Residue Testing Market is projected to represent lucrative market opportunity over the forecast period in Middle East and Africa residue testing market. Companies are launching new technologies into the Middle East and Africa market to meet the needs of the market. Furthermore, establishment of new regulations on MRL are expected to create lucrative market opportunities for the residue testing kits manufacturers.

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South Africa is expected to expand at significant CAGR in Middle East and Africa Residue Testing market.

GCC Residue Testing Market is accounted around 35% of revenue share in 2016, and expanding at significant CAGR over the forecast period due to frequent residue monitoring programs in Middle East countries.
South Africa Residue Testing Market is projected to expand at a CAGR approximately 10%, from 2017 to 2023. Limited awareness about the pesticide usage and repercussions, high amounts of pesticide usage from the decades, increasing awareness of health hazards due to pesticide residues, government stringent regulations are expected to increase market share.


Competition Assessment
Key players’ profiles in the Middle East and Africa Residue Testing market include SGS SA, Intertek Group plc., Eurofins Scientific, Bureau veritas S.A., ALS Limited, Neogen Corporation, Idexx Laboratories, AsureQuality, Charm Sciences, Inc., Microbac Laboratories, Inc., Unisensor.

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