Market Size of North American Feed Testing Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 7.40 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
North American Feed Testing Market Analysis
The North America Feed Testing Market is projected to register a CAGR of 7.4% during the forecast period 2020-2025. Owing to the rising awareness about meat safety across the world, the feed testing market is witnessing high demand. The regulatory bodies have been implementing several feed testing regulations to manufacture safe feed of high quality, using good manufacturing practices (GMP), good agriculture practices (GAP), and hazard analysis critical control point (HACCP) systems. The majorly used feed substances, like cereals, are prone to fungal growth, owing to high moisture levels. Thus, the mycotoxin testing segment holds a major share in the feed testing market. Mold, yeast, vomitoxin counts, mold identification, and enterobacteria counts are gaining popularity in the feed testing market. Owing to the strict government regulations, North America has a major share in the feed testing market.
North American Feed Testing Industry Segmentation
The Global 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 the United States, Canada, and Mexico.
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 States | |
Canada | |
Mexico | |
Rest of North America |
North American Feed Testing Market Size Summary
The North American feed testing market is experiencing significant growth, driven by increasing awareness of meat safety and stringent regulatory requirements. The market is characterized by the implementation of good manufacturing practices, good agriculture practices, and hazard analysis critical control point systems to ensure the production of high-quality, safe feed. The mycotoxin testing segment, which addresses issues like fungal growth in feed substances such as cereals, holds a substantial share of the market. The presence of regulatory bodies like the FDA and USDA, along with the emphasis on quality food for human consumption, particularly in the United States and Canada, further bolsters the market. The region's large agriculture and livestock sectors also contribute to the demand for feed testing, as does the need for pathogen detection in pet food products, as mandated by the Food Safety Modernization Act.
North America commands the largest share of the feed testing market, supported by a robust regulatory environment and extensive feed production activities. The region's market dominance is attributed to the prevalence of feed-borne illness outbreaks, a multitude of feed safety testing companies, and stringent food safety regulations. The United States, a major producer of GM soy and corn, plays a pivotal role in the GMO testing market, while Canada follows closely in market share. The consolidated nature of the North American feed testing market is evident, with leading 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 regulations and are employing strategies such as acquisitions and expansions to enhance their market presence.
North American 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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1.3 Market Restraints
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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 States
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2.3.2 Canada
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2.3.3 Mexico
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2.3.4 Rest of North America
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North American Feed Testing Market Size FAQs
What is the current North American Feed Testing Market size?
The North American Feed Testing Market is projected to register a CAGR of 7.40% during the forecast period (2024-2029)
Who are the key players in North American Feed Testing Market?
Eurofins Scientific, Bruker Bioscience Corporation, SYNLAB, SGS SA and Intertek Group Plc. are the major companies operating in the North American Feed Testing Market.