PUBLISHER: The Business Research Company | PRODUCT CODE: 1392596
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392596
“Dairy Testing Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on dairy testing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for dairy testing? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The dairy testing market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
In dairy testing, dairy products are audited, tested, and inspected to ensure that they meet a variety of domestic and international food safety and regulatory criteria. Dairy testing is used to test dairy products' quality, limit the risk of dairy fraud, and verify the authenticity and consistency of the ingredients.
The main types of dairy testing are safety testing and quality testing. Safety testing is used to ensure the safety of dairy products. Dairy products are thoroughly checked at several stages across the supply chain to detect impurities such as antibiotics, pesticides, and poisons. The various dairy testing technologies include HPLC-based, LC-MS/MS-based, immunoassay-based, and other technologies that are used in various applications such as ice creams and desserts, infant food, milk and milk powder, cheese, butter and spreads, yogurt, and other applications.
The dairy testing market research report is one of a series of new reports from The Business Research Company that provides dairy testing market statistics, including global market size, regional shares, competitors with a dairy testing market share, detailed dairy testing market segments, market trends and opportunities, and any further data you may need to thrive in the dairy testing industry. This dairy testing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The dairy testing market size has grown strongly in recent years. It will grow from $5. 65 billion in 2023 to $6. 19 billion in 2024 at a compound annual growth rate (CAGR) of 9. 5%. The growth in the historic period can be attributed to increasing concerns about food safety, globalization of dairy trade, stringent regulations and standards, rising incidence of foodborne illnesses.
The dairy testing market size is expected to see strong growth in the next few years. It will grow to $8. 66 billion in 2028 at a compound annual growth rate (CAGR) of 8. 8%. The growth in the forecast period can be attributed to continued emphasis on food safety, increasing dairy consumption, emergence of new contaminants, global trade and supply chain complexity. Major trends in the forecast period include technological innovations, growth in dna testing for authentication, expansion of point-of-need testing, emphasis on non-destructive testing techniques, application of artificial intelligence (AI) and machine learning (ml), focus on allergen testing, increased collaboration and standardization, consumer demand for clean label products.
The increase in outbreaks of foodborne illnesses is significantly driving the growth of the dairy testing market. Dairy is a significant source of foodborne illness all around the world, with raw and unpasteurized milk, cheese, and ice cream being the most common sources of contamination. Dairy testing ensures that pathogens and spoilage organisms do not affect products and that they are safe for consumption. For instance, in December 2022, according to the European Food Safety Authority, an Italy-based European Union agency that provides impartial scientific guidance and communicates about present and emerging food-chain concerns, the EU saw 4,005 foodborne incidents in 2021, a 29. 8% increase over 2020. Hence, the increase in outbreaks of foodborne illnesses is expected to propel the growth of the dairy testing market over the coming years.
The increasing demand for dairy products is expected to propel the growth of the dairy testing market in the coming years. Dairy goods are foods that are manufactured from or contain milk. Dairy testing is essential for guaranteeing the healthfulness, value, and compliance of dairy products. For instance, in August 2023, according to the Department of Agriculture, Fisheries, and Forestry, an Australia-based government department, dairy exports are expected to increase by 2% to 679 kilotonnes in 2023-24, up from 663 kilotonnes in 2022-23. Therefore, the increasing demand for dairy products is driving the dairy testing market.
Technological advancement is a key trend gaining popularity in the dairy testing market. Major companies operating in the dairy testing sector are focused on developing new technological solutions to strengthen their position. For instance, in November 2021, Netherlands-based Royal DSM launched the Delvo Phage test kit that can detect phages in dairy within one hour, helping to increase cheese yield and quality, reduce waste, and increase the value of cheese production by 5-10%. This new digital solution, when combined with DSM's whey testing and culture rotation services, allows cheese and fermented milk product producers to make better, real-time data-driven decisions, resulting in more enhanced and cost-effective production processes.
Major companies operating in the field service management market are focusing on developing innovative products, such as rapid test kits, to better meet the needs of their existing consumers. A rapid test kit is a diagnostic instrument that provides rapid and accurate outcomes for a diversity of tests, often outside of a laboratory environment. For instance, in February 2021, SwissDeCode SARL, a Switzerland-based dairy testing company, launched the DNAFoil A2 Cow Test. The DNAFoil A2 Cow Test is a quick kit that enables dairy farmers and companies to test their cows separately and on the spot for the existence of the A1 beta-casein allele to identify A2 milk-producing cows. The new test joins the DNAFoil A2 Cow Milk Test, introduced last year, to meet the market's need for A2 milk testing. The DNAFoil A2 Cow is a reliable test that detects the presence of the A1 beta-casein allele in cow tail hair samples. The all-in-one test, which includes all essential materials, may be completed on-site, even by non-experts.
In January 2021, SGS, a Switzerland-based testing, inspection, and certification company, acquired SYNLAB Analytics & Services (A & S) for the amount of EUR 550 million ($615 million). This acquisition strengthens SGS's global network in key strategic focus areas, including the environment, food, life sciences, and oil condition monitoring. Synlab Analytics & Services (A & S) is a Germany-based environmental, food, and dairy testing, and tribology services company.
Major companies operating in the in the dairy testing market report are SGS SA, Bureau Veritas SA, Eurofins Scientific SE, Intertek Group plc, TUV SUD AG, ALS Limited, Merieux NutriSciences Corporation, Romer Labs Inc., Microbac Laboratories Inc., PerkinElmer Inc., Dairy Technical Services, Analytica Laboratories Limited, Aspirus Labs Inc., Bio-Rad Laboratories Inc., Charm Sciences Inc., FOSS Analytical A/S, Genetic ID NA Inc., IDEXX Laboratories Inc., ILS Limited, LGC Group Holdings Limited, Marshfield Food Safety LLC, Midwest Laboratories Inc., Neogen Corporation, NSF International, Premier Analytical Services, Q Laboratories Inc, R-Biopharm AG, Silliker Inc., Symbio Laboratories Pty Ltd, VWR International LLC, Yara International ASA
Europe was the largest region in the dairy testing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the dairy testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the dairy testing market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The dairy testing market includes revenues earned by entities by testing dairy products including safety testing for pathogens, adulterants, pesticides, genetically modified organisms (GMOs), and mycotoxins, by using technology including traditional techniques such as agar culturing, and rapid technology such as convenience-based as well as polymerase chain reaction (PCR), among others. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.