A recent report published by Infinium Global Research on the dairy testing market provides an in-depth analysis of segments and sub-segments in the global as well as regional dairy testing market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional dairy testing market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global dairy testing market. According to the report, the global dairy testing market is projected to grow at a CAGR of 5.9% over the forecast period of 2019-2025.
The growing incidence of the milk adulteration, milk-borne disease and milk intolerance problem among consumers is helping to grow the dairy testing market. The good dairy testing procedure adopted by the dairy processors, ensure that its products are healthy and fit for the consumption. Further, in the developing countries, there is a growing incidence adulteration in the milk and milk-based products, during the peak demand period. Owing to the consumption of the adulterated milk and milk-based products, several consumers are losing their good health and in some cases life. The children are the most vulnerable segment of health problem arising from adulterated milk. Further, the lack of awareness among the animal farmers about the good manufacturing practices (GMPs) in the dairy sector causes contamination of the milk in several ways. Moreover, the lack of knowledge about a balanced diet for the animals impacts the availability of the essential minerals in the milk. Hence, there is a growing necessity to test the milk and milk-based products to provide safe and healthy food to the consumers.
The growing consumer awareness about the side effects of the consumption of the adulterated and contaminated milk is helping to grow the demand of the dairy testing products. Further, the growing presence of the organized retail store in the developing countries, who are offering internationally certified foreign dairy products is helping to grow this market. Additionally, increasing pressure on the domestic players to adopt international certification to exist in the market is helping to grow the demand of this market. However, the casual attitude of the government toward the availability of safe food products to the common masses is the major obstacle for the growth of this market in the several potential regions. Moreover, the growing awareness about the health benefits of certified and tested dairy products among the millennial consumers are expected to boost the demand of the dairy testing market in the near future.
Geographically, the dairy testing market is segmented into four regions namely, North America, Europe, the Asia-Pacific, and RoW. North America is the largest player of the dairy testing market, owing to the presence of a large number of dairy processing companies in this region. Further, the presence of the stringent rules and regulation of safe and healthy food is helping to grow this market in North America. The Asia-Pacific’s dairy testing market is expected to grow at the highest CAGR during the forecast period, owing to the growing demand for safe and healthy dairy food products among the young and middle-class consumers.
The report on global dairy testing market covers segments such as type, technology, and product. On the basis of type, the sub-markets include safety testing, adulterants, pesticides, genetically modified organisms, mycotoxins, and other types. On the basis of technology, the sub-markets include traditional technology, and rapid technology. On the basis of product, the sub-markets include milk & milk powder, cheese, butter & spreads, infant food, ICE cream & desserts, yogurt, and other products.
The report provides profiles of the companies in the market such as Romer Labs Inc., Microbac Laboratories, Inc., Mérieux NutriSciences, AsureQuality Limited, Neogen Corp., ALS Limited, TÜV Nord Group, TUV SUD, Intertek Group plc, and Eurofins.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the dairy testing market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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