Increase in Outbreaks of Foodborne Illnesses Drives the Dairy Testing Market

28/feb/2019 10:07:30 MarketsandMarkets Contatta l'autore

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The report  " Dairy Testing Market  by Type (Safety (Pathogens, Adulterants, Pesticides), Quality), Technology (Traditional, Rapid), Product (Milk & Milk Powder, Cheese, Butter & Spreads, Infant Foods, Ice Cream & Desserts, Yogurt ), and Region - Forecast to 2022 " , The dairy testing market is projected to reach USD 5.90 Billion by 2022 from USD 4.13 Billion in 2017, at a CAGR of 7.4% from 2017. The market is driven by the increase in outbreaks of foodborne illnesses, globalization of dairy trade, and stringent safety & quality regulations for food. Lack of coordination among market stakeholders and improper enforcement of regulatory laws and supporting infrastructures in developing economies are the major restraints for this market.

Dairy Testing Market

The years considered for the study are as follows:

  • Base year - 2016
  • Estimated year - 2017
  • Projected year - 2022
  • Forecast period - 2017 to 2022

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The objectives of the report

  • To define, segment, and project the global market size for dairy testing
  • To define, segment, and forecast the size of the dairy testing market with respect to type, technology, product, and region
  • To analyze the market structure by identifying various subsegments of the global dairy testing market
  • To provide detailed information about the crucial factors that are influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To analyze opportunities for market leaders
  • To the forecast the size of the global dairy market and its various sub-countries with respect to four main regions, namely, North America, Asia Pacific, Europe, and the Rest of the World (RoW)
  • To strategically profile the key players and comprehensively analyze their core competencies
  • To analyze competitive developments such as new service launches, mergers & acquisitions, expansions & investments, partnerships, agreements, joint ventures, and collaborations in the dairy testing market

Safety testing is projected to be the fastest-growing segment during the forecast period

The market for safety testing is projected to be the fastest-growing, by type, from 2017 to 2022. Significant emphasis being placed on food safety testing of food output with regulatory authorities focusing on addressing regulatory loopholes, prevention, malpractices, and labeling mandates driving the market for safety testing of dairy.

Rapid technology is projected to be the fastest growing market during the forecast period

Rapid technology is forecast to be the fastest in the period due to its low turnaround time, higher accuracy, sensitivity, and ability to test a wide range of contaminants in comparison to traditional technology.

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Asia Pacific is projected to be the fastest growing market during the forecast period

The market in the Asia Pacific region Also, Asia Pacific is home to major dairy producing countries such as China, Australia and New Zealand, and India as these countries are becoming more aware of food safety and implementing regulations.

This report includes a study of marketing and development strategies, along with the service portfolios of leading companies. It also includes the profiles of leading companies such as SGS, Bureau Veritas, Intertek, Eurofins, TÜV SÜD, and ALS Limited, among others.

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