The global Residue testing market is expected to register a CAGR of 6.5 %, during 2017â€“2022 (the forecast period). The market, valued at USD XX billion in 2016, is projected to reach USD 4.7 billion by 2022. The residue testing ensures the products to be contaminant-free and complies with the residue level of International regulations.
More Processed Foods=Residue Testing Demand
In 2017, CFIA (Canadian Food Inspection Agency) found traces of a herbicide named glyphosate, in nearly 30% of the samples tested for 3200 food products. The governmental agencies such as CFIA, EU and USDA consider glyphosate safe up to the limit of 1.3%. In 2013, horse meat scandal in the United Kingdom, where beef was found to be contaminated with horse meat, raised food safety issues among consumers as well as manufacturers. Consequently, the food industry started paying more attention to make their products, safer in the residue limit of foods.
The increased concern for pesticide and residue level in food products, growing demand for organic food products and increased need to meet food allergen claims on the label are various factors driving the market. As food trade is growing globally, there is an intense need for food products to follow international regulations. However, lack of awareness about regulatory standards among manufacturers is the restraining factor for the market. The demand for organic food products is growing in developing region, which offers opportunities for the market.
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Chromatography Technique to Lead the Pesticide Residue Test Market
The liquid, gas and GC-MS are conventional and reliable methods used for pesticide residue testing. The cost effective testing and high accuracy have dominated the market share among other technologies. Further, these methods are highly preferred in the developed region for residue and food allergen label claims identification. Based on test type, the market is segmented into technology type, application and geography. Further, the test type segment includes pesticides, heavy metals, food allergen, toxins, antibiotic residue and other residues. These residues are determined by using techniques such as chromatography, mass spectroscopy, enzyme-linked immunosorbent assay (ELISA), PCR and other techniques. The chromatography holds the dominant market share, owing to the high demand for heavy metal, allergen and pesticides residue determination. By application type, the market is segmented into fruits & vegetables, dairy products, beverages, meat & sea foods, cereal, grains & pulses, nuts, seeds, spices & herbs and processed food.
Asia-Pacific to Cater Future Opportunities
The rigorously increasing food safety regulations in the countries, such as China and India, is providing an excellent opportunity for the residue testing market. The need for product safety, coupled with the regulatory requirement, has created a great opportunity for the residue testing market. Further, the companies, like Eurofins, have expanded their food testing labs in China to strengthen the market presence and grabbed opportunities, due to food scandals. North America and Europe dominates the residue testing market while Asia- Pacific is growing at a faster rate.
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Notable Market Developments
- NSF International acquired DNA-based testing laboratory AuthenTechnologies ®
- SGS acquired Biopremier stake, to compete in the next Generation Sequencing Technique for food allergen.
- SGS Phillipines laboratories invested 20 million in LC-MS/MS equipment, to improvise the residue testing facility.
Our Global Residue Testing Market Report Covers:
- MRO market trends & dynamics
- Latest News & developments
- Porterâ€™s five force analysis
- Investment scope
- Deep-dive insights
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