A recent report published by Infinium Global Research on the heavy metal testing market provides an in-depth analysis of segments and sub-segments in the global as well as regional heavy metal testing market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional heavy metal 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 heavy metal testing market. According to the report, the global heavy metal testing market is projected to grow at a CAGR of 6.1% over the forecast period of 2019-2025.
Heavy metals are naturally found elements, have high atomic weight and has a density of at least 5 times of water. Several types of heavy metals are beneficial to a living being in small quantity, such as zinc, iron, copper, manganese, and chromium are essential for the better functioning of the human body. However, if these metals accumulate in the large amount inside the body, then cause a problem to a living being. Moreover, few heavy metals as cadmium, lead, mercury, and arsenic are completely harmful to the living being. Owing to the growing industrialization and subsequently, degradation of the air quality, land quality, water quality is increasing the heavy metal poisoning incidents around the globe. Hence, there is a growing necessity to check the presence of heavy metals in the end food products, so that consumer can get safe food.
The growing consumer awareness about the side effects of the heavy metals among the consumers is helping to grow the demand for the heavy metal testing market. Further, the growing government regulation to curb the lethargic and casual attitude of the food processing industry through stringent rules and regulations. These factors are motivating the food processors to adopt a global standard of the heavy metal testing parameter to ensure that their products are as per the guidelines of the governments. However, the lack of government commitment to ensure safe food products to the common masses, which are heavy metal-free, and consumer sensitivity towards the side effects of heavy metals are slowing the growth of the heavy metal testing market in the potential region.
Geographically, the heavy metal testing market is divided into four regions, namely North America, Europe, the Asia-Pacific, and RoW. North America is the largest player of the heavy metal testing market, owing to the presence of the stringent rules and regulations, which ensures that no food should contain heavy metal more than the prescribed limits. Additionally, the pro-consumer attitude of the food processing companies, retail food chain organizations and aware consumers about the side effects of heavy metals are providing a conducive growth environment for this market. The Asia-Pacific heavy metal testing market is expected to grow at the highest CAGR owing to the growing demand of the safe food products which do not contain the heavy metal than the prescribed limit of the government. Further, the government determination to provide safe food products to the masses is helping to grow the market for this market at a high rate in this region.
The report on the global heavy metal testing market covers segments such as heavy metal type, technology, and sample. On the basis of heavy metal type, the sub-markets include arsenic, cadmium, lead, mercury, and other heavy metals. On the basis of technology, the sub-markets include ICP-MS & OES, atomic absorption spectroscopy (AAS), and other technologies. On the basis of sample, the sub-markets include food, water, and blood & other samples.
The report provides profiles of the companies in the market such as ifp Institute for Product Quality GmbH, EMSL, Microbac Laboratories, Inc., AsureQuality Limited, LGC Group, Mérieux NutriSciences, ALS Limited, TUV SUD, Eurofins, and Intertek Group plc.
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 heavy metal 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.