The Infinium Global Research analyzes the Residue Testing Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global residue testing market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of residue testing. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the residue testing market during the period. The residue testing market is projected to grow at a CAGR of 6.1% over the forecast period of 2019-2025.
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Rising Number of Food Born Disease and Allergies is the Major Factor Driving the Growth of Residue Testing Market
The rising number of food born disease and allergies is the major factor driving the growth of residue testing market. According to WHO by 2050 world’s population will be around 9.7 billion and major of this growth will occur in developing countries, to fulfill the food demand of rising population use of pesticide will stay continue in agriculture. That, in turn, has increased the adverse effect of pesticides in food and causing allergic reactions to people.
Moreover, strict government regulations for food safety in developed countries has also fuelled the demand for residue testing market. On the other hand, the cost associated with residue tests and the time required for the test process can hamper the growth of the market. However, the establishment of strict food safety laws in developing countries can provide a better growth opportunity in the market.
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North America Dominates the Global Residue Testing Market
Geographically, the global residue testing market is segmented by North America, Europe, Asia-Pacific, and Row. North America dominates the global residue testing market followed by Europe, stringent food safety laws is the major reason contributing to the growth of the market in these regions. Asia Pacific region is anticipated to grow with a steady rate in the forecast year. Lack of stringent regulations for food safety especially in India and China causing the slow growth of the market in this region.
Residue Testing Market: Segmentation
The report on global l residue testing market covers segments such as residue types, detection techniques, and application. On the basis of residue types, the sub-markets include pesticides, heavy metals, toxins, allergens, and other residues. On the basis of detection techniques, the sub-markets include HPLC, LC-MS/MS, immunoassay-based, and other techniques. On the basis of application, the sub-markets include agricultural crops, and food.
Residue Testing Market: Competitive Landscape
The report provides profiles of the companies in the market such as Bureau Veritas S.A., Eurofins Scientific, DTS Food Laboratories, Covance Inc., ALS Limited, SGS S.A., Intertek Group plc., International Laboratory Services Ltd., Microbac Laboratories, Inc., Silliker, Inc., and Other companies.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the residue testing.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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