Feed Testing market in South America is said to have a share of 3% 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 Brazil, Argentina, Peru and others.
The Brazilian market is expanded by the growing safety standards put up by the government regulatory agencies such as MAPA. These agencies 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. Also, the market is driven by the raising concerns such as the increasing number of animal diseases caused due to intake of contaminated feed. The country’s market is dominated by swine followed by poultry. On the various test being done, Mycotoxin leads the segment. But the market is let down by the huge initial costs involved which is hindering the growth of the market. But the technological advances are proving to be the opportunities for the market.
Argentina is said to be second largest market in the region. The market is expanded by the growing safety standards put up by the government regulatory agencies such as SENASA. Increasing trend of consumption in the region is driving factor for the growth. The major trend in the South America is to import the feed from North America especially from The United States of America. Now with U.S.A having new free trade agreements with Columbia, Peru etc., the opportunities for the domestic production have decreased, as feed tests are usually done before the import itself. The country’s market is dominated by swine followed by poultry. On the various test being done, Mycotoxin leads the segment. While in Argentina, the poultry industry accounts for maximum market share in the region followed by ruminant. Argentina market is said have a huge potential in feed industry due to the dependence on the animal bases which are less costly in Argentina.
The market is dominated by swine followed by poultry, while ruminant is said to be the fastest growing market in the region. The increasing demands of meat products promotes the market needs of animal feed and feed additives. In the tests segmentation, Mycotoxin takes up the major share compared to others.
Intertek, Eurofins, SGS are the major players in the market. Their major strategy for entering and expanding the market is by mergers and acquisitions to 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
18.104.22.168 Increase in demand of high quality feed for animals
22.214.171.124 Livestock disease outbreak fuelling additive market
126.96.36.199 Stringent Regulations in Regard to Food & Feed Safety
188.8.131.52 Mandatory testing of feed safety & quality
184.108.40.206 Lack of awareness in feed safety & quality
220.127.116.11 High initial costs
18.104.22.168 Increasing demand in Latin American Region
22.214.171.124 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 South America
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.