PUBLISHER: Lucintel | PRODUCT CODE: 1386565
PUBLISHER: Lucintel | PRODUCT CODE: 1386565
Dairy Testing Trends and Forecast
The future of the global dairy testing market looks promising with opportunities in the traditional technology and rapid technology markets. The global dairy testing market is expected to reach an estimated $9.5 billion by 2030 with a CAGR of 7.6% from 2024 to 2030. The major drivers for this market are increase in incidents of foodborne illness outbreaks, rigorous regulations for food safety and security resulting from the globalization of dairy trade policies, and increase in organized retail outlets in emerging countries offering certified dairy products imported from abroad.
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Dairy Testing by Segment
The study includes a forecast for the global dairy testing by product type, type, technology, and region.
Dairy Testing Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
Dairy Testing Market by Type [Shipment Analysis by Value from 2018 to 2030]:
Dairy Testing Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
Dairy Testing Market by Region [Shipment Analysis by Value from 2018 to 2030]:
List of Dairy Testing Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies dairy testing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the dairy testing companies profiled in this report include-
Dairy Testing Market Insights
Lucintel forecasts that safety testing is expected to witness highest growth over the forecast period because the regulatory bodies are directing their efforts toward enhancing the overall quality of dairy products, emphasizing a greater importance on food safety testing.
APAC will remain the highest growing region over the forecast period due to growing consumer demand for health-conscious dairy products within this geographical area, as well as, rising frequency of food safety incidents reported in China over the past decade prompted authorities to implement measures to enhance food safety.
Features of the Global Dairy Testing Market
Market Size Estimates: Dairy testing market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Dairy testing market size by product type, type, technology, and region in terms of value ($B).
Regional Analysis: Dairy testing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product type, type, technology, and regions for the dairy testing market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the dairy testing market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q.1 What is the dairy testing market size?
Answer: The global dairy testing market is expected to reach an estimated $9.5 billion by 2030.
Q.2 What is the growth forecast for dairy testing market?
Answer: The global dairy testing market is expected to grow with a CAGR of 7.6% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the dairy testing market?
Answer: The major drivers for this market are increase in incidents of foodborne illness outbreaks, rigorous regulations for food safety and security resulting from the globalization of dairy trade policies, and increase in organized retail outlets in emerging countries offering certified dairy products imported from abroad.
Q4. What are the major segments for dairy testing market?
Answer: The future of the global dairy testing market looks promising with opportunities in the traditional technology and rapid technology markets.
Q5. Who are the key dairy testing market companies?
Answer: Some of the key dairy testing companies are as follows:
Q6. Which dairy testing market segment will be the largest in future?
Answer: Lucintel forecasts that safety testing is expected to witness highest growth over the forecast period because the regulatory bodies are directing their efforts toward enhancing the overall quality of dairy products, emphasizing a greater importance on food safety testing.
Q7. In dairy testing market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the highest growing region over the forecast period due to growing consumer demand for health-conscious dairy products within this geographical area, as well as, rising frequency of food safety incidents reported in China over the past decade prompted authorities to implement measures to enhance food safety.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.