The dairy testing market is estimated to be valued at USD 4.13 Billion in 2017 and is projected to reach USD 5.90 Billion by 2022, at a CAGR of 7.4% from 2017.
The market is driven by an increase in the outbreak of foodborne illnesses, globalization of dairy trade, and stringent safety and quality regulations for food. Lack of coordination between market stakeholders and improper enforcement of regulatory laws & supporting infrastructure in developing economies are the major restraints for this market.
The safety testing segment was the largest in 2016 and is projected to grow at a high CAGR during the forecast period. This is due to significant emphasis being laid on safety testing of food output, with regulatory authorities focusing on addressing regulatory loopholes, preventing adulteration, malpractices, and labeling mandates.
The rapid technology segment dominated the market in 2016 and is projected to be the fastest growing by 2022. This is due to its low turnaround time, higher accuracy, sensitivity, and ability to test a wide range of contaminants in comparison to traditional technology.
The dairy testing market, by product, was dominated by the milk & milk powder segment which is also projected to grow at the highest CAGR during the forecast period. Economically motivated adulteration, poor storage hygiene, faulty supply chains, and contaminated equipment have led to milk being contaminated, which upon consumption can cause serious health problems to humans.
- Als Limited
- Bureau Veritas
- Mrieux Nutrisciences
- Microbac Laboratories
- Neogen Corporation
- Romer Labs
- Tv Nord Group
- Tv Sd
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Dairy Testing Market, By Type
7 Dairy Testing Market, By Technology
8 Dairy Testing Market, By Product
9 Dairy Testing Market, By Region
10 Regulatory Framework
11 Company Profiles
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