Market Size of Europe Feed Testing Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 0.72 Billion |
Market Size (2029) | USD 1.04 Billion |
CAGR (2024 - 2029) | 7.50 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Europe Feed Testing Market Analysis
The Europe Feed Testing Market size is estimated at USD 0.72 billion in 2024, and is expected to reach USD 1.04 billion by 2029, at a CAGR of 7.5% during the forecast period (2024-2029).
- Driven by an intensified emphasis on feed safety and animal health, the demand for feed testing services is on the rise. Ensuring high-quality and safe animal feed is paramount for enhancing both animal health and productivity. Stakeholders recognize that the nutritional balance and safety of feed play a pivotal role in livestock health and performance, making comprehensive feed testing a vital investment.
- Moreover, as the demand for premium meat, dairy, and egg products escalates, so does the urgency for feed testing. According to the United States Department of Agriculture, chicken meat consumption in the European Union has reached over 10.1 million metric tons, marking a 1.3% increase from 2019 to 2023. This rising consumer demand for safe and nutritious animal products highlights the indispensable nature of rigorous feed testing. Such meticulousness not only ensures the removal of harmful additives, pesticides, and pathogens but also strengthens the feed-testing market.
- A significant segment of feed testing is nutritional labeling, particularly due to its regulation under EU guidelines. Regulation (EC) No 767/2009 stipulates that feed labels must provide clear and accurate information, enabling end-users to utilize products both safely and effectively. The stringent adherence to national and EU regulations across European Union countries further amplifies the demand for meticulous feed testing.
Europe Feed Testing Industry Segmentation
The Europe Feed Testing Market is segmented By Type (Pathogen Testing, Crop Chemicals Analysis, Nutritional Labeling Analysis, Fats and Oils Analysis, Mycotoxin Testing, and Other Types), By Feed Type (Ruminant Feed, Poultry Feed, Swine Feed, Aquaculture Feed, and Pet Food), in the countries like United Kingdom, France, Germany, Spain, Russia, Italy and Rest of Europe. The report offers market sizing and forecast in terms of Value (USD) for all the above segments.
Type | |
Pathogen Testing | |
Pesticide Residue Analysis | |
Nutritional Labeling Analysis | |
Fats and Oils Analysis | |
Mycotoxin Testing | |
Other Types |
Feed Type | |
Ruminant Feed | |
Poultry Feed | |
Swine Feed | |
Aquaculture Feed | |
Pet Food |
Geography | |
United Kingdom | |
France | |
Germany | |
Spain | |
Italy | |
Russia | |
Rest of Europe |
Europe Feed Testing Market Size Summary
The Europe feed testing market is experiencing significant growth, driven by stringent food safety standards and increasing awareness of meat safety. The region, comprising both developed and developing countries, is a pioneer in feed testing due to its robust regulatory framework and consumer consciousness about food quality. The European Union's strict regulations, including bans on certain animal products from other regions, underscore the importance of high-quality feed in ensuring animal health and safety. This regulatory environment, coupled with the rising demand for animal-sourced products, is propelling the feed testing market forward. The market is further supported by the pet food industry's growth, as pet owners prioritize the safety and quality of their pets' feed.
Despite the promising growth prospects, the market faces challenges such as the high cost of feed additives and stringent regulations on their use, which could potentially restrain market expansion. However, the demand for compound feed additives to enhance the production of animal products continues to stimulate market activity. The Europe feed testing market is consolidated, with major global players like SGS SA, Intertek Group PLC, and Eurofins Scientific holding significant market shares. These companies are actively developing new services to adapt to evolving government regulations, ensuring they remain competitive in a dynamic market landscape.
Europe Feed Testing Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Growing Focus on Feed Safety and Animal Health
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1.2.2 Technological Advancements and Innovations
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1.2.3 The Rising Prevalence of Animal Diseases
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1.3 Market Restraints
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1.3.1 High Cost of Feed Testing
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1.4 Porters Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Pathogen Testing
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2.1.2 Pesticide Residue Analysis
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2.1.3 Nutritional Labeling Analysis
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2.1.4 Fats and Oils Analysis
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2.1.5 Mycotoxin Testing
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2.1.6 Other Types
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2.2 Feed Type
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2.2.1 Ruminant Feed
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2.2.2 Poultry Feed
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2.2.3 Swine Feed
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2.2.4 Aquaculture Feed
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2.2.5 Pet Food
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2.3 Geography
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2.3.1 United Kingdom
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2.3.2 France
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2.3.3 Germany
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2.3.4 Spain
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2.3.5 Italy
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2.3.6 Russia
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2.3.7 Rest of Europe
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Europe Feed Testing Market Size FAQs
How big is the Europe Feed Testing Market?
The Europe Feed Testing Market size is expected to reach USD 0.72 billion in 2024 and grow at a CAGR of 7.5% to reach USD 1.04 billion by 2029.
What is the current Europe Feed Testing Market size?
In 2024, the Europe Feed Testing Market size is expected to reach USD 0.72 billion.