A recent report published by Infinium Global Research on grain analysis market provides in-depth analysis of segments and sub-segments in the global as well as regional grain analysis market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional grain analysis market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global grain analysis market. According to the report, the global grain analysis market is projected to grow at a CAGR of 4.9% over the forecast period of 2019-2025.
After the introduction of the modern organized future exchange in 1710 in Osaka, Japan, grain analysis market is growing around the globe. The growing demand for the futures contract from the large food processing companies to protect themselves from the fluctuation of the raw material prices and simultaneously, urge from farmers and suppliers to protect themselves from the unfavorable price during harvesting is helping to grow the demand of the grain analysis market. Further, there are several subparts of the grain analysis, which are helping to boost the demand of the grain analysis market to further new height. The growing demand for the precise future grain production-related information by pesticide manufacturers, seed producers, financial institutions, traders and other stakeholders are boosting the demand for the grain analysis market.
The growing demand of the commodity-based future market, where buyers and seller protect themselves from the future fluctuation of the prices and adverse situation in the market, is helping to grow the market. Further, the growing demand of the precise data for the future planning of the allied agriculture industry as seed industry, fertilizer industry, agriculture machinery, and others are helping to grow the demand of the grain analysis market. However, the lack of a skilled analyst to forecast the grain analysis related situation in a satisfactory and precise manner in the developing countries is restricting the growth of this market. However, the increasing government determination to provide a fair price of the agri-produce to the farmers needs complete information about the grain market, is restricting the growth of this market. Additionally, the information available from the grain analysis helps the government to set minimum supporting price and set up a basic price for the sale and purchase of the grain by the food processing industry. Hence, the growing dependency of the government about the future price of the grain is expected to boost the demand for the grain analysis market.
Geographically, the grain analysis market is segmented into four regions, North America, Europe, the Asia-Pacific, and RoW. North America is the largest player of the grain analysis market, owing to the presence of a large number of companies engaged in the grain analysis activities. Further, the presence of the several food processing companies and farmers, who enter in the future contact, is helping to grow this market. The Asia-Pacific grain analysis market is expected to grow at the highest CAGR during the forecast period, owing to the growing demand of the grain-related future information by the government and corporates for numerous purposes.
The report on global grain analysis market covers segments such as grain type, target tested, technology, end use, and component. On the basis of grain type, the sub-markets include cereals, oilseeds, and pulses. On the basis of target tested, the sub-markets include pathogens, pesticides, GMO, mycotoxins, and other targets tested. On the basis of technology, the sub-markets include traditional technology, and rapid technology. On the basis of end use, the sub-markets include food, and feed. On the basis of component, the sub-markets include instruments, reagents & consumables, and reference materials.
The report provides profiles of the companies in the market such as Waters Corporation, Shimadzu Corporation, Thermo Fisher Scientific, Neogen Corp., ALS Limited, TÜV Nord Group, TÜV SÜD, Intertek Group plc, Eurofins, and Bureau Veritas S. A.
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 grain analysis 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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