Residue Testing Market

Residue testing market Size and Growth Rate:

According to the research report, the global residue testing market size was estimated to be USD 4.6 billion in 2023 and is anticipated to grow at a CAGR of 6.6% from 2018 to 2023

Residue testing market Overview:

The residue testing ensures the products to be contaminant-free and complies with the residue level of International regulations. To improve the quality of food, most of the countries have imposed stringent regulations which has made residue testing mandatory, this is expected to drive the in the near future.

Residue testing market Growth Drivers and Restraints:

The increased concern for pesticide and residue level in food products, growing demand for organic food products and increased need to meet food allergen claims on the label are various factors driving the residue testing market. As food trade is growing globally, there is an intense need for food products to follow international regulations. However, lack of awareness about regulatory standards among manufacturers is the restraining factor for the market. The demand for organic food products is growing in developing region, which offers opportunities for the market

Residue testing market Regional Analysis:

The rigorously increasing food safety regulations in the countries, such as China and India, are providing an excellent opportunity for the residue testing market. The need for product safety, coupled with the regulatory requirement, has created a great opportunity for the residue testing market. Further, the companies, like Eurofins, have expanded their food testing labs in China to strengthen the market presence and grabbed opportunities, due to food scandals. North America and Europe dominates the residue testing market while Asia- Pacific is growing at a faster rate.

Residue testing market Key Players:

• SGS S.A.
• Intertek Group plc. (U.K.)
• Silliker Inc. (U.S.)
• Bureau Veritas S.A.
• and Eurofins Scientific (Luxembourg)
• ALS Limited
• AsureQuality Laboratories (New Zealand)
• Microbac Laboratories, Inc.

Residue testing market-Detailed Segmentation:

Residue testing market-By Type

• Pesticide
• Herbicides
• Insecticides
• Fungicides
• Others
• Heavy Metal
• Food Allergen

Residue testing market-By Technology

• Chromatography (Liquid, gas, HPLC, LC-MS/MS)

• Spectroscopy
• ELISA
• PCR Technique
• Other Technologies

Residue testing market-By Application

• Fruits & Vegetables
• Dairy products
• Beverages
• Cereals, Grains & Pulses
• Meat & Poultry
• Nuts, Seeds, Spices, Herbs
• Processed Food

Residue testing market-By Geographical Segmentation

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Residue testing market - Research Objectives

• To explain the definition and scope of the research study based on crop type, form, mode of application and region.
• Estimate the current market size and forecast the same for 2017 to 2025
• Market size breakdown for each of the segments and regions analyzed
• Insights on the major market dynamics (drivers, restraints & opportunities) and their impact analysis for the analysis period
• Micro and macro level analysis of the market to elucidate eminent investment opportunities
• Porter’s Five forces analysis to deliver a comprehensive buyer-seller scenario and the state of the business environment
• Identification of the Agricultural Micronutrients Market trends in current scenario as well as growth indicators
• Benchmarking leading vendors in the Agricultural Micronutrients Industry based on their strategic attempts, financial status, and other internal and external parameters

** Our research team can customize this research report as per your needs/queries. Please write your thoughts to sales@researchcosmos.com

• This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.