Increasing Government Regulations and Strict Monitoring on Feed to Increase the Global Feed Testing Industry to a $1.4 Billion Market by 2020

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Apr 20, 2015, 10:48 ET

NEW YORK, April 20, 2015 /PRNewswire/ --

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Feed testing plays a vital role in ensuring livestock welfare and in efficient livestock production. Various chemical and physical parameters are tested for their quality through pathogen tests, fats and oil analysis, nutrition labelling and so on. The global animal feed testing market can be broadly categorized based on the testing types and types of feeds. It is further segmented based on testing types, namely: Pathogen Testing, Fats and Oils Analysis, Feed Ingredient Analysis, Metal and Mineral Analysis, Proximate Analysis, Nutrition Labelling and more and feed type, namely: Pet Food, Equine Feeds, Fish Feeds, Poultry Feeds and Dairy Feed. According to a recent study from IndustryARC, the global feed testing market is estimated to grow at 6.8% CAGR through 2015 - 2020 to reach $1.35 billion by 2020.

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In the recent years, with the growing emphasis on food safety by the government and regulatory bodies, feed testing has gained its importance across the globe. Government of various nations mandated the feed testing with numerous outbreaks in the livestock production industry. The collaborative work by government of various nations has led to standardization of procedures which is a positive sign for the companies in the market to serve globally.

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Many governments across the world have made testing of animal feed and feed ingredients mandatory. The regulatory authorities do not approve animal feeds for marketing unless the producer proves its safety and efficacy. Such measures to prevent potential threats of contamination, chemical and toxic presence will result in growth of animal feed testing market greatly. The recent outbreaks and product recalls have led to designing new rules and regulations for animal feed products. In U.S., FDA program called the Animal Feed Safety System (AFSS) is designed for testing animal feed to protect animal and human health. There is also a growing awareness in developing countries where most of the meat products are imported from European countries, although the majority of feed ingredients are produced in the developing regions such as China and India. EU is forcing its countries to adopt uniform regulations across the region to ensure quality and safety of animal feed produced.

Low domestic production with high import prices of maize, soybeans and other feed crops in some regions has led to scarcity of raw materials resulting in informal and unreliable sourcing of feed ingredients. Feed testing market is mostly unorganized and lacks stringent government regulations in developing and underdeveloped nations. Lack of awareness about feed testing among the farmers, unaffordable testing services and inadequate support by government in these nations hinders the market growth. Swine feed and poultry feed held the highest share in the animal feed testing market in 2014.

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Various types of tests are conducted on for pathogens, mycotoxins, proximate analysis, pesticides, fertilizers, drugs and antibiotics and so on currently. Mycotoxin testing comprises the largest share in the market. About 42% of the total market is occupied by Mycotoxin testing followed by Nutritional labelling. Mycotoxin testing market is expected to grow at a CAGR of 6.51% to reach $541.4m by 2020.

The market is characterized with high power of customers with the presence of numerous animal feed producers. Most of the testing procedures in the market have been standardized by the government and regulatory bodies which provide less scope for innovation in terms of testing mechanisms. Europe is the dominant market for feed testing due to increased emphasis of livestock welfare and food safety followed by Americas. Due to lack of awareness and organized sources of feed, Africa & Middle East hold a negligible share of global feed testing market. With increasing food needs, livestock production and government support, APAC region holds huge growth prospects for the coming years as it is estimated to grow faster than other regions. The global feed testing market report covers analysis of key feed testing providers such as Life technologies Corp (U.S.), Intertek (U.K.), TUV Rheinland (Germany) and Whitebeck Laboratories Inc. and others.

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