Asia Pacific Feed Testing Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Primarily, the feed testing market in the region is driven by the raising concerns such as the increasing number of animal diseases caused due to intake of contaminated feed. The market is further expanded by the growing safety standards put up by the governments in countries like China, Australia, India, and others. With stringent regulations in regard to food and safety, feed testing has become an integral part of the feed market with growing disease outbreaks among the animals. Governments coming up with various associations like Food Safety and Standards Authority of India (FSSAI), Bureau of Indian Standards (BIS) in India, The State Food and Drug Administration (SFDA) in China to check the standards for the feed in their respective countries, making the feed testing mandatory has boosted the market in the region. The market is let down by huge initial setup costs involved. The major players in the market have invested a lot of capital upfront and are also planning to expand so as to tap the potential opportunities available like the expanding technological advances and also the evolving analytical techniques. The developing nations are expected to provide more opportunities as the market is slowly gaining momentum, after considerable time lag owing to a lack of awareness regarding feed safety standards. As the demand for meat and meat product increase in the region, more regulations are brought up by the respective governments over the supply of quality meat to the consumers which henceforth drives the feed testing market in the region.