Press release
Dairy Testing Market Share, Competitive Market Share & Forecast, 2017 – 2024
Growth of dairy testing market is driven by upsurge in outburst of milk products borne illnesses, dairy trade globalization as well as stringent safety and quality regulations for dairy products. Substantial prominence on safety testing of dairy goods coupled with the regulatory authorities focus on addressing regulatory ambiguities, malpractices, preventing adulteration, and labeling mandates will create positive outlook for the industry.
Expansion of dairy industry is directly proportionating to dairy testing demand. Upgrading in milk processing machineries, technologies, farmer's training and stringent safety government norms are likely to drive the industry size. As per FAO, dairy industry spending in Asia Pacific region was around USD 100 billion in 2016 and is expected that milk production will exceed 120 million tons in next coming years.
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Shift in trends towards globalization of food supply chain management due to flexible trade procedures and policies encouraging import & export will further fuel industry growth. Increasing occurrences of various diseases which includes, infection, diarrhea, urinary tract, pneumonia and respiratory illness will increase the usage of testing of dairy products.
Increase in diseases caused due to occurrence of E. coli and Salmonella in dairy products will drive dairy testing market demand. Growing number of diseases in animal due to direct contact of milk with infected creatures will result increase use of testing in dairy application demand. High existence rate of few microbes which includes, listeria post sterilization technique is encouraging the industry demand.
Advancement and development in contaminant detection methods including immunomagnetic separation and polymerase chain reaction for reducing time detection and sensitivity will offer lucrative openings for industry growth. However, absence of synchronization between market participants and inappropriate implementation of regulatory laws and supportive infrastructure in emerging economies are the main restraining factors for this industry.
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Milk & milk powder segment will dominate the market by product and is also expected to upsurge at the highest pace in the stipulated time frame. Economically inspired contamination, defective supply chains, poor storing hygiene, and contaminated machineries have led to the contamination of milk, that upon consumption causes serious health problems to people aiding dairy testing market for milk products.
Asia Pacific region is driven by the increasing consumer awareness and growing health consciousness coupled with upsurging investments by healthcare firms in the region. In addition, Asia Pacific is home to key dairy producing economies such as Australia, China, India and New Zealand as these countries are becoming more cognizant of food safety and are instigating regulations for their testing.
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Key Players of dairy testing market includes Als Limited, Bureau Veritas, Eurofins, Intertek, SGS, Tv Nord Group and Tv Sd together accounted for the major portion of the dairy testing industry. Other players having a strong presence in this market include Mrieux Nutrisciences, Asurequality, Microbac Laboratories, Neogen Corporation and Romer Labs. The main players in the industry implemented acquisition as the important development strategy to intensify their market profits and share.
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