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.
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).