Latest Regulatory Trends Impacting the Dairy Testing Market

Northbrook, USA, 2020-Feb-24 — /EPR Network/ — The dairy testing market is estimated to be valued at USD 4.13 Billion in 2017 and is projected to reach USD 5.90 Billion by 2022, at a CAGR of 7.4% from 2017. The market is driven by the increase in outbreaks of foodborne illnesses, globalization of dairy trade, and stringent safety & quality regulations for food.

The dairy testing market, based on type, has been segmented into safety testing & quality analysis. The safety testing segment dominated this market in 2016 and is also projected to be fastest-growing during the forecast period. This is attributable to the significant emphasis being laid on safety testing of food output with regulatory authorities focusing on addressing regulatory loopholes, preventing adulteration, malpractices, and labeling mandates.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=240885146

The dairy testing market, by technology, has been segmented into traditional and rapid. The rapid technology segment dominated the market in 2016 and is projected to be the fastest-growing by 2022. Low turnaround time, higher accuracy, sensitivity, and the ability to test a wide range of contaminants in comparison to traditional technology are the reasons for the growth of the rapid technology segment.

The dairy testing market, by product, has been segmented into milk & milk powder, cheese butter & spreads, infant food, ice cream & desserts, yogurt, and others. The milk & milk powder dominated the market in 2016 and is projected to be the fastest-growing by 2022. This is due to economically motivated adulteration, poor hygiene of storage, faulty supply chains, and contaminated equipment, which have led to milk being contaminated, which upon consumption can cause serious health problems to humans.

The market in the Asia Pacific region is driven by the growing consumer awareness and increasing health consciousness coupled with growing investments by testing companies in the region. Also, Asia Pacific is home to major dairy-producing countries such as China, Australia & New Zealand, and India as these countries are becoming more aware of food safety and are implementing regulations for their testing.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=240885146

Key players in the dairy testing market include SGS Bureau Veritas, Intertek, Eurofins, TÜV SÜD, TÜV NORD GROUP, and ALS Limited. Neogen Corporation, AsureQuality, Mérieux NutriSciences, Microbac Laboratories, and Romer Labs are few other key market players who also have a significant share in the dairy testing market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com