Feed Testing market in Africa is said to have a share of 2% of the global feed testing market. The Asia Pacific is expected to reach $xx Million by 2020, growing at an annual rate of x.x%. The major markets are South Africa and Egypt in the region.
The South African market is said to be the largest market in the region. Government regulatory agency AFMA in South Africa check the standards for the feed in their respective countries, making the feed testing mandatory, this has boosted the market in the region for both domestic production and imports. The major trend in the South Africa is to import the feed from North America but the rising costs of operations in this region is impacting the overall industry. . The swine followed by poultry, ruminant are the major segments of the market. In South Africa, feed industry has been the pillar industry of South African agriculture. Sheep Feed is produced on large numbers along with the fish and others.
Egypt is said to be the second largest market in the region. Government regulatory agency AFMA in South Africa check the standards for the feed in their respective countries, making the feed testing mandatory, this has boosted the market in the region for both domestic production and imports. In Egypt, aquaculture feed dominates the others. The country is said to produce more feed than the demand, disabling firms to make profits. But for feed testing, the country seems to be a hidden opportunity. Considerable market is effected due to the lack of awareness regarding feed safety standards in the market.
Mycotoxin takes up the major share in the segmentation by tests and in by animals, the swine followed by poultry, ruminant dominate the market. Aquaculture has started expand rapidly in the region.
Major companies in the market are Intertek, Eurofins, SGS etc. The companies are now looking for new technological advances and innovations to cut down the initial costs. To tap the potential market, the players are actively engaging in mergers and acquisitions to enter new markets especially in developing nations of the region.
Scope of the Study:
1.1 Research Methodology
1.1.1 Market Definition
1.1.2 Report Description
2. KEY FINDINGS OF THE STUDY
3. Regulatory Structure
3.1 North America
4. MARKET OVERVIEW
4.2 Market Dynamics
220.127.116.11 Increase in demand of high quality feed for animals
18.104.22.168 Livestock disease outbreak fuelling additive market
22.214.171.124 Stringent Regulations in Regard to Food & Feed Safety
126.96.36.199 Mandatory testing of feed safety & quality
188.8.131.52 Lack of awareness in feed safety & quality
184.108.40.206 High initial costs
220.127.116.11 Advancements in Analytical techiques
4.3 Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Pathogen testing
5.1.2 Crop chemicals analysis
5.1.3 Nutritional labeling analysis
5.1.4 Fats & oils analysis
5.1.5 Mycotoxin testing
5.2 By Animal Type
5.2.5 Pet food
5.3 By Geography
5.4.1 South Africa
6. Competitive Landscape
6.1 Market Share Analysis
6.2 Major Strategies adopted by Companies
6.3 Most active companies in the past five years
7. Company Profiles
7.1 Adpen Laboratories Inc.
7.2 Eurofins Scientific
7.3 Bruker Biosciences Corporation.
7.4 Intertek Group Plc
7.5 RL Food Testing Laboratories
7.6 Genetic ID NA Inc.
7.7 SDK Laboratories
7.8 EMSL Anlaytical Inc.
7.9 OMIC USA Inc.