Residue Testing Market: Global Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2016 to 2021 and Forecast 2022 to 2028

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Residue Testing Market: 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 Geography.

 

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Report

Description

Residue Testing Market size is expected to be worth USD 4,500 million in 2021, growing at a CAGR of 6 % from 2022 to 2028. Agriculture residue is a word that is used to describe the small traces of veterinary and agricultural chemicals, 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, 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, implementation of strict food safety regulations and global movement of organic revolution is expected fuel market growth. In 2017, Eurofins, boosted its product offering in the food testing market 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 residue testing 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 2022 to 2028. By technology, chromatography -based testing has a market share of % and is expected to increase at a CAGR of % in the future years.

Key Development:

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).

Residue Testing Market

MARKET SUMMARY
-
6%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 6%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– Europe

Residue Testing Market

  • The global residue testing market is classified on the basis of a type of residue, technology, application, and geography.
  • The global residue testing market is expected to gain traction due to strong demand growth for packaged foods and specialty diets. Dissolution for trade obstacles and resulting improvements in international food trade have augmented the necessity for consolidation of residue testing regulations.
Market Key Players
  • Intertek Group plc
  • SGS S.A.
  •  Silliker Inc.
  • Eurofins Scientific
  • Neogen Corporation
Residue Testing Market Growth

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. In June 2018, Bureau Veritas added highly sophisticated analytical services for “Residues & Contaminants” in food and beverage samples at their Food & Water Testing Laboratory. This methos is worldwide recognized for detecting and accurately quantifying a variety of food risks, including newly discovered and emergent food-related problems.


North-America Got Significant Share

North America is predicted to have the significant share in the residue testing market by 2027, and it is expected to grow at a rapid pace in the following years. The new Food Safety Modernization Act (FSMA) laws will have a significant impact on the food sectors in North America, as consumers demand greater transparency regarding food safety. With recent revelations of arsenic in apple juice and acrylamide in processed potatoes and cereals, consumer awareness of chemical tests is growing. Residue test kit manufacturers expand their operations in Eastern Europe region owing to the improved economics, growing local production of GM free feed, better investment, climate change, and the arrival of green revolution, which are having positive impact on Eastern Europe residue testing market

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

Key

Features of the Report

  • The residue testing report provides granular level information about market size, regional market share, historic market (2016-2021) and forecast (2022-2028).
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market.
  • The report provides plethora of information about market entry strategies
Residue Testing Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The Residue Testing Market is projected to expand at a CAGR of 6% during the forecast period.

The major players in the global residue testings market are SCS Global Services, Eurofins Scientific, Bureau Veritas, SGS SA, Intertek Group plc, ALS Limited, AB SCIEX, LLC, Scicorp Laboratories PTY Ltd., Microbac Laboratories, Inc., Symbio Laboratories, SIMA LABS, NSF International., Arbro Pharmaceuticals Private Limited, Fera Science Limited.

Europe is the fastest-growing region for Residue Testing Market


Report

Table Of Content

1. Executive summary
2. Global Residue Testing Market Introduction
2.1. Global Residue Testing Market – Taxonomy
2.2. Global Residue Testing Market –Definitions
2.2.1. Residue Type
2.2.2. Application
2.2.3. Technology
3. Global Residue Testing Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Residue Testing Market Dynamics – Factors Impact Analysis
3.6. Global Residue Testing Market – Regulations
3.6.1. U.S
3.6.2. Europe
3.6.3. Japan
3.6.4. China
3.7. Global Residue Testing Market – Product Innovations
4. Global Residue Testing Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Oppurtunity Analysis
5. Global Residue Testing Market, By Residue Type, 2017 – 2021 and Forecast, 2022 – 2028
5.1. Toxins
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
5.1.3. Market Opportunity Analysis
5.1.4. Mycotoxins
5.1.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
5.1.5. Others
5.1.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%)and Market Share Analysis
5.2. Pesticide Residues
5.2.1. Insecticide
5.2.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
5.2.2. Herbicide
5.2.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
5.2.3. Fungicide
5.2.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
5.2.4. Other
5.2.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
5.2.5. Market Opportunity Analysis
5.3. Food Allergens
5.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
5.3.3. Market Opportunity Analysis
5.4. Veterinary Drugs
5.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
5.4.3. Market Opportunity Analysis
5.5. Heavy Metals
5.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
5.5.3. Market Opportunity Analysis
6. Global Residue Testing Market Forecast, By Technology, 2017 – 2021 and Forecast, 2022 – 2028
6.1. Immunoassay
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
6.1.3. Market Opportunity Analysis
6.2. Spectroscopy
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
6.2.3. Market Opportunity Analysis
6.3. Chromatography (LC, GC, HPLC)
6.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
6.3.3. Market Opportunity Analysis
6.4. Others
6.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
6.4.3. Market Opportunity Analysis
7. Global Residue Testing Market Forecast, By Application, 2017 – 2021 and Forecast, 2022 – 2028
7.1. Dairy Products
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
7.1.3. Market Opportunity Analysis
7.2. Fruits & vegetables
7.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
7.2.3. Market Opportunity Analysis
7.3. Meat & poultry
7.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
7.3.3. Market Opportunity Analysis
7.4. Cereals, grains & pulses
7.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
7.4.3. Market Opportunity Analysis
7.5. Processed foods
7.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
7.5.3. Market Opportunity Analysis
7.6. Functional food ingredients
7.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
7.6.3. Market Opportunity Analysis
7.7. Nuts, seed & spice
7.7.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
7.7.3. Market Opportunity Analysis
8. Global Residue Testing Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028
8.1. North America
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
8.5.3. Market Opportunity Analysis
8.6. Global Residue Testing Market – Opportunity Analysis Index, By Residue Type, Technology, Application, and Region, 2022 – 2028
9. North America Residue Testing Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
9.1.1. Residue Type Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1.1. Toxins
9.1.1.1.1.  Micotoxins
9.1.1.1.2.  Others
9.1.1.2. Pesticide Residues
9.1.1.2.1. Insecticides
9.1.1.2.2. Herbicides
9.1.1.2.3. Fungicides
9.1.1.2.4. Others
9.1.1.3. Food Allergens
9.1.1.4. Veterinary Drugs
9.1.1.5.  Heavy Metals
9.1.2. Technology Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.1.2.1. Immunoassay
9.1.2.2. Spectroscopy
9.1.2.3. Chromatography (LC, GC, HPLC)
9.1.2.4. Other technologies
9.1.3. Application Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.1.3.1. Dairy products
9.1.3.2. Fruits & vegetables
9.1.3.3. Meat & poultry
9.1.3.4. Cereals, grains & pulses
9.1.3.5. Processed foods
9.1.3.6. Functional food ingredients
9.1.3.7. Nuts, seed & spice
9.1.3.8. Others
9.1.4. Country Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.1.4.1. U.S.
9.1.4.2. Canada
9.1.5. North America Residue Testing Market – Opportunity Analysis Index, By Residue Type, Technology, Application, and Country, 2022 – 2028
9.1.6. North America Residue Testing Market Dynamics – Trends
10. Europe Residue Testing Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
10.1.1. Residue Type Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1.1. Toxins
10.1.1.1.1.  Micotoxins
10.1.1.1.2.   Others
10.1.1.2. Pesticide Residues
10.1.1.2.1. Insecticides
10.1.1.2.2.  Herbicides
10.1.1.2.3.  Fungicides
10.1.1.2.4.  Others
10.1.1.3. Food Allergens
10.1.1.4. Veterinary Drugs
10.1.1.5.  Heavy Metals
10.1.2. Technology Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.1.2.1. Immunoassay
10.1.2.2. Spectroscopy
10.1.2.3. Chromatography (LC, GC, HPLC)
10.1.2.4. Other technologies
10.1.3. Application Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.1.3.1. Dairy products
10.1.3.2. Fruits & vegetables
10.1.3.3. Meat & poultry
10.1.3.4. Cereals, grains & pulses
10.1.3.5. Processed foods
10.1.3.6. Functional food ingredients
10.1.3.7. Nuts, seed & spice
10.1.3.8. Others
10.1.4. Country Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.1.4.1. Germany
10.1.4.2. UK
10.1.4.3. France
10.1.4.4. Spain
10.1.4.5. Italy
10.1.4.6. Russia
10.1.4.7. Poland
10.1.4.8. Rest of Europe
10.1.5. Europe Residue Testing Market – Opportunity Analysis Index, By Residue Type, Technology, Application, and Country, 2022 – 2028
10.1.6. Europe Residue Testing Market Dynamics – Trends
11. Asia-Pacific Residue Testing Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
11.1.1. Residue Type Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1.1. Toxins
11.1.1.1.1.   Micotoxins
11.1.1.1.2.   Others
11.1.1.2. Pesticide Residues
11.1.1.2.1. Insecticides
11.1.1.2.2.  Herbicides
11.1.1.2.3.   Fungicides
11.1.1.2.4.   Others
11.1.1.3. Food Allergens
11.1.1.4. Veterinary Drugs
11.1.1.5.  Heavy Metals
11.1.2. Technology Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.1.2.1. Immunoassay
11.1.2.2. Spectroscopy
11.1.2.3. Chromatography (LC, GC, HPLC)
11.1.2.4. Other technologies
11.1.3. Application Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.1.3.1. Dairy products
11.1.3.2. Fruits & vegetables
11.1.3.3. Meat & poultry
11.1.3.4. Cereals, grains & pulses
11.1.3.5. Processed foods
11.1.3.6. Functional food ingredients
11.1.3.7. Nuts, seed & spice
11.1.3.8. Others
11.1.4. Country Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn),
Y-o-Y Growth (%), and Market Share (%)
11.1.4.1. Japan
11.1.4.2. China
11.1.4.3. India
11.1.4.4. ASEAN
11.1.4.5. Australia & New Zealand
11.1.4.6. Rest of Asia-Pacific
11.1.5. Asia-Pacific Residue Testing Market – Opportunity Analysis Index, By Residue Type, Technology, Application, and Country, 2022 – 2028
11.1.6. Europe Residue Testing Market Dynamics – Trends
12. Latin America Residue Testing Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
12.1.1. Residue Type Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1.1. Toxins
12.1.1.1.1.   Micotoxins
12.1.1.1.2.    Others
12.1.1.2. Pesticide Residues
12.1.1.2.1.  Insecticides
12.1.1.2.2.  Herbicides
12.1.1.2.3.   Fungicides
12.1.1.2.4.   Others
12.1.1.3. Food Allergens
12.1.1.4. Veterinary Drugs
12.1.1.5.  Heavy Metals
12.1.2. Technology Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.1.2.1. Immunoassay
12.1.2.2. Spectroscopy
12.1.2.3. Chromatography (LC, GC, HPLC)
12.1.2.4. Other technologies
12.1.3. Application Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.1.3.1. Dairy products
12.1.3.2. Fruits & vegetables
12.1.3.3. Meat & poultry
12.1.3.4. Cereals, grains & pulses
12.1.3.5. Processed foods
12.1.3.6. Functional food ingredients
12.1.3.7. Nuts, seed & spice
12.1.3.8. Others
12.1.4. Country Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.1.4.1. Brazil
12.1.4.2. Mexico
12.1.4.3. Argentina
12.1.4.4. Venezuela
12.1.4.5. Rest of Latin America
12.1.5. Latin America Residue Testing Market – Opportunity Analysis Index, By Residue Type, Technology, Application, and Country, 2022 – 2028
12.1.6. Latin America Residue Testing Market Dynamics – Trends
13. Middle East and Africa Residue Testing Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
13.1.1. Residue Type Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1.1. Toxins
13.1.1.1.1. Micotoxins
13.1.1.1.2.  Others
13.1.1.2. Pesticide Residues
13.1.1.2.1. Insecticides
13.1.1.2.2.  Herbicides
13.1.1.2.3.   Fungicides
13.1.1.2.4.   Others
13.1.1.3. Food Allergens
13.1.1.4. Veterinary Drugs
13.1.1.5.  Heavy Metals
13.1.2. Technology Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.1.2.1. Immunoassay
13.1.2.2. Spectroscopy
13.1.2.3. Chromatography (LC, GC, HPLC)
13.1.2.4. Other technologies
13.1.3. Application Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.1.3.1. Dairy products
13.1.3.2. Fruits & vegetables
13.1.3.3. Meat & poultry
13.1.3.4. Cereals, grains & pulses
13.1.3.5. Processed foods
13.1.3.6. Functional food ingredients
13.1.3.7. Nuts, seed & spice
13.1.3.8. Others
13.1.4. Country Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.4.1. Gulf Cooperation Council (GCC) Countries
13.1.4.2. Israel
13.1.4.3. South Africa
13.1.4.4. Rest of MEA
13.1.5. MEA Residue Testing Market – Opportunity Analysis Index, By Residue Type, Technology, Application, and Country, 2022 – 2028
13.1.6. MEA Residue Testing Market Dynamics – Trends
14. Competition Landscape
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. SGS SA
14.2.2. Intertek Group plc.
14.2.3. Eurofins Scientific
14.2.4. Bureau veritas S.A.
14.2.5. ALS Limited
14.2.6. Neogen Corporation
14.2.7. Idexx Laboratories
14.2.8. AsureQuality
14.2.9. Charm Sciences, Inc.
14.2.10. Microbac Laboratories, Inc.
14.2.11. Unisensor
15. Research Methodology
16. Key Assumptions and Acronyms

Report

Company Profile

  • SGS SA
  • Intertek Group plc.
  • Eurofins Scientific
  • Bureau veritas S.A.
  • ALS Limited
  • Neogen Corporation
  • Idexx Laboratories
  • AsureQuality
  • Charm Sciences, Inc.
  • Microbac Laboratories, Inc.
  • Unisensor

Description

Residue Testing Market size is expected to be worth USD 4,500 million in 2021, growing at a CAGR of 6 % from 2022 to 2028. Agriculture residue is a word that is used to describe the small traces of veterinary and agricultural chemicals, 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, 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, implementation of strict food safety regulations and global movement of organic revolution is expected fuel market growth. In 2017, Eurofins, boosted its product offering in the food testing market 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 residue testing 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 2022 to 2028. By technology, chromatography -based testing has a market share of % and is expected to increase at a CAGR of % in the future years.

Key Development:

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).

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX