Residue Testing Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Toxins (Mycotoxins and Others), Pesticide Residues (Insecticide, Herbicide, Fungicide and Others), Food Allergens, Veterinary Drugs and Heavy Metal), By Technology (Chromatography based (HPCL, GC, LC, LC-MS/MS), Spectroscopy, Immunoassay), By Application (Dairy Products, Fruits & vegetables, Meat & poultry, Cereals, grains & pulses, Processed foods, Functional Food Ingredients and Nuts, Seeds & Spices) and Region Forecast 2019-2030

Residue Testing Market size was valued at US$ 4,500 million in 2023 and is poised to grow at a CAGR of 6% from 2024 to 2030. Agriculture residue is a word used to describe the small traces of veterinary and agricultural chemicals, and their breakdown products that remain inside or outside of the agricultural product. The market is driven by consumer awareness regarding the safety aspects of food products, and the rise in outbreaks of chemical contamination in food processing industries. The increase in cases of allergic reactions among consumers will increase the demand for residue testing.  Moreover, the implementation of strict food safety regulations and global movement of organic revolution are expected fuel market growth. In 2017, Eurofins, boosted its product offering in the food safety testing by acquiring Institut Nehring GmbH, a major food testing laboratory in Germany, thereby increasing its market share in the German food testing market.

However, high cost associated with testing and lack of food control infrastructure, lack of resources in under-developed countries, and the lack of standardization and inappropriate standard of sample collection hampers the market growth. Residue testing ensures that the products' quality meets both domestic and international market access and safety requirements. It's mostly used to find, quantify, and investigate pesticide residues in human meals, livestock feeds, and drinking water. Residue data is then used to assess dietary risk and estimate the Maximum Residue Level. In 2021, pesticide residue had a market revenue share of %, and it is predicted to increase at a CAGR of % from 2023 to 2029. By technology, chromatography -based testing has a market share of % and is expected to increase at a CAGR of % in the future years.

Residue Testing Market Key Developments

• The SGS Worldwide has expanded its Asia Pacific food laboratory network, with two new laboratories in Latin America scheduled to open in 2021 and three more in 2022, and a new food technology center in India (Asia).