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 the increase in outbreaks of foodborne illnesses, globalization of dairy trade, and stringent safety & quality regulations for food.
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The years considered for the study are as follows:
- Base year – 2016
- Estimated year – 2017
- Projected year – 2022
- Forecast period – 2017 to 2022
The dairy testing market, based on type, has been segmented into safety testing & quality analysis. The safety testing segment dominated this market in 2016 and is also projected to be fastest-growing during the forecast period. This is attributable to the significant emphasis being laid on safety testing of food output with regulatory authorities focusing on addressing regulatory loopholes, preventing adulteration, malpractices, and labeling mandates.
Europe accounted for the largest market share in the dairy testing market. The dominant share of the European region is attributed to the stringency of food safety regulations and laws pertaining to nutritional content and labeling here. It has the highest number of testing laboratories among all regions and tests the most number of dairy samples. Asia Pacific is projected to be the fastest-growing region during the forecast period due to the presence of major dairy producing countries such as China, Australia & New Zealand, and India as these countries are becoming more aware of food safety and are implementing testing regulations.
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Lack of coordination between market stakeholders and inefficient enforcement of regulatory laws & supporting infrastructure in developing economies are the major restraints for this market.
The global market for dairy testing is dominated by large-scale players such as SGS, Bureau Veritas, Intertek, Eurofins, TÜV SÜD, TÜV NORD GROUP, and ALS Limited. Neogen Corporation, AsureQuality, Mérieux NutriSciences, Microbac Laboratories, and Romer Labs are a few other key market players that also have a significant share in the dairy testing market.
Target Audience
The stakeholders for the report are as follows:
- Manufacturers, importers & exporters, traders, distributors, and suppliers of dairy testing kits, equipment, reagents, chemicals, and other related consumables
- Dairy testing service providers
- Dairy producers, processors, and manufacturers of dairy products
- Government and research organizations
- Trade associations and industry bodies
- Regulatory bodies such as the Food and Drug Organization (FDA), European Food Safety Authority (EFSA), Food Standards Australia New Zealand (FSANZ), and Food Safety Commission of Japan
