Industry Outlook and Trend Analysis
The global dairy testing market was worth USD 3.21 billion in the year 2014 and is expected to reach approximately USD 6.20 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 7.60% during the forecast period. The market is majorly driven by the expansion in episodes of foodborne sicknesses, globalization of dairy exchange, and stringent security and quality controls for sustenance. Absence of coordination among market shareholders and shameful authorization of administrative laws and supporting foundation in creating economies are the significant restrictions for this market.
Type Outlook and Trend Analysis
On the basis of Type, the global dairy testing market is segmented into cups, Safety and Quality. Again, safety is subdivided into Pathogens, Adulterants, Pesticides, GMO, Mycotoxins and others. Further, Pathogens section is segmented into E. Coli, Salmonella, Campylobacter, Listeria, other pathogens. On-going mechanical headways to create inventive items with low fat, decreased level of sodium and sugar have energized the interest for products.
Technology Outlook and Trend Analysis
On the basis of Technology, the worldwide dairy testing market is segmented into Traditional Technology and Rapid Technology. Traditional Technology is further subdivided into Agar Culturing. Rapid Technology is also sub segmented into Convenience-Based, Polymerase Chain Reaction (PCR), Immunoassay and Chromatography & Spectrometry.
Product Outlook and Trend Analysis
On the basis of Product, the worldwide dairy testing market is segmented into Milk & Milk Powder, Cheese, Butter & Spreads, Infant Food, Ice Cream & Desserts, Yogurt and other products. Ascend in buying energy of customers, change in ways of life, and proactive activities taken by government associations, for example, low financing cost and credit offices, drive the market in creating nations.
Regional Outlook and Trend Analysis
The market in the Asia Pacific region is driven by the developing purchaser mindfulness and expanding wellbeing awareness combined with developing ventures by testing organizations in the area. Likewise, Asia Pacific is home to significant dairy delivering nations, for example, China, Australia and New Zealand, and India as these nations are ending up more mindful of nourishment wellbeing and are executing directions for their testing.
The key players of global dairy testing market report incorporate Bureau Veritas, ALS Limited, Eurofins, TÜV SÜD, Intertek and SGS.
The Dairy Testing Market is segmented as follows-
Polymerase Chain Reaction (PCR)
Chromatography & Spectrometry
Milk & Milk Powder
Cheese, Butter & Spreads
ICE Cream & Desserts
Rest of Europe
Rest of Asia Pacific
Rest of the World
United Arab Emirates
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?