Europe Residue Testing Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2028-2028

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Europe Residue Testing Market By Residue Type [Toxins (Mycotoxins and Others), Pesticide Residues (Insecticide, Herbicide, Fungicide, and Others), Food Allergens, Veterinary Drugs, and Heavy Metals], By Technology (Immunoassay, Spectroscopy, Chromatography, and Others), By Application (Dairy products, Fruits & Vegetables, Meat & Poultry, Cereals, Grains & Pulses, Processed Foods, Functional Food Ingredients, Nuts, Seed & Spice, and Others), and Country.

 

 

 

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Report

Description

Europe Residue Testing Market size was valued at USD 783.0 million in 2021, growing at a high CAGR of 6.5% from 2022 to 2028 to reach USD 1212.7 million by 2028. The market is driven by increasing European Union regulations for residue testing in food like pesticide testing, rising awareness in consumers regarding the risk of pesticide and fungicide consumption, increasing research activities, increasing disease incidence, and the increasing need for food products. As a result, we are increasing safety standards and the increased demand for food security. The residue testing market is surging owing to frequent acquisitions and launchings by the market players. Strategic alliances by the players, such as acquisitions, mergers, expansions, and new product launches, may enhance the company’s growth. For instance,  In July 2018, Eurofins Scientific, a global scientific leader in bioanalytical testing, announced that it had successfully closed the acquisition of Laboratorios Ecosur S.A., one of the leaders of the Food Safety testing market in Spain. However, the lack of standardization and inappropriate standard of sample collection hampers the europe residue testing market.

Key developments:

In December 2020, SGS acquired SYNLAB Analytics & Services. This acquisition will strengthen Group’s presence in North-Western Europe in environmental testing, food testing, life activities, and oil condition monitoring and allow SGS to enter new markets in the Nordics.

Europe Residue Testing Market

MARKET SUMMARY
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6.5%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 6.5%

Europe Residue Testing Market

  • The residue testing market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The residue testing market is segmented based on type, technology, application and geography.
Key Players
Europe Residue Testing Market Dynamics

In 2021, pesticide residue had a market revenue share of 31.2%, and from 2021 to 2027, it is predicted to increase at a CAGR of 6.2%, increasing awareness of food testing. By technology, chromatography-based testing has a market share of 23.7% and is expected to increase at a CAGR of 6.1% in the future years.


Europe Residue Testing Market

in 2021, growing at a high CAGR of 6.6% from 2022 to 2028 to reach USD 317.6 million by 2028. The official collection of analytical methods according to the German Food and Feed Act (LFGB) approved methods for analyzing pesticide residues, such as LC-MS/MS. Increasing quality food leads to increasing demand for residue testing in the region.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Findings of the Report

  • The report provides granular level information about market size, regional market share, historic market (2017-2021), and forecast (2022-2028).
  • The report outlines drivers, restraints, unmet needs, and trends currently affecting the market.
  • The report tracks recent innovations, key developments, and startup details actively working in the market.
  • The report provides plethora of information about market entry strategies
Europe Residue Testing Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The residue testing market is projected to expand at a CAGR of 6.5% during the forecast period

SCS Global Services, Eurofins Scientific, Bureau Veritas, SGS SA, Intertek Group plc, ALS Limited, AB SCIEX, LLC, Symbio Laboratories

Europe is the fastest-growing region for residue testing market


Report

Company Profile

  • SCS Global Services
  • Eurofins Scientific
  • Bureau Veritas
  • SGS SA
  • Intertek Group plc
  • ALS Limited
  • AB SCIEX, LLC
  • Symbio Laboratories

Description

Europe Residue Testing Market size was valued at USD 783.0 million in 2021, growing at a high CAGR of 6.5% from 2022 to 2028 to reach USD 1212.7 million by 2028. The market is driven by increasing European Union regulations for residue testing in food like pesticide testing, rising awareness in consumers regarding the risk of pesticide and fungicide consumption, increasing research activities, increasing disease incidence, and the increasing need for food products. As a result, we are increasing safety standards and the increased demand for food security. The residue testing market is surging owing to frequent acquisitions and launchings by the market players. Strategic alliances by the players, such as acquisitions, mergers, expansions, and new product launches, may enhance the company’s growth. For instance,  In July 2018, Eurofins Scientific, a global scientific leader in bioanalytical testing, announced that it had successfully closed the acquisition of Laboratorios Ecosur S.A., one of the leaders of the Food Safety testing market in Spain. However, the lack of standardization and inappropriate standard of sample collection hampers the europe residue testing market.

Key developments:

In December 2020, SGS acquired SYNLAB Analytics & Services. This acquisition will strengthen Group’s presence in North-Western Europe in environmental testing, food testing, life activities, and oil condition monitoring and allow SGS to enter new markets in the Nordics.

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