Animal Feed Testing Market projected to grow at CAGR 6.8% during the forecast period 2015-2020.
Animal Feed Testing Market: Growing Attentiveness on Quality of Meat and Meat Products among Consumers Stimulating the Global Market to Grow at 6.8% Annually till 2020
Feed testing is a process of inspection and testing of the quality of the feed which is beneficial for efficient livestock production. Analysis on various feed parameters such as moisture content, nutritional values, extent of pathogens helps the farmer to improve the quality of feed which leads to livestock welfare further resulting in production of healthy meat.
The global animal feed testing market has been segmented based on the testing types such as Pathogen Testing, Fats and Oils Analysis, Feed Ingredient Analysis, Metal and Mineral Analysis, Proximate Analysis, Nutrition Labeling and so on. The global feed testing market report provides analysis of the market by feed type like pet food, equine feeds, fish feed, poultry feed and dairy feed. The report also covers detailed regional and country-level market analysis. The global animal feed testing market is estimated to grow at 6.8% CAGR through 2015-2020 to reach 845.4 Million by 2020 according to the report from IndustryARC.
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Market Growth Trends:
The livestock production industry has witnessed substantial epidemic outbreaks in the recent years has triggered the necessity for quality feed and testing mechanisms. Government across the globe has outlined the importance of testing and has mandated feed testing to ensure efficient livestock production. With growing importance of food and livestock safety, the animal feed testing market is estimated to surge in the near future.
Application Segment Outlook:
Testing for swine feed held a major share of the market followed by poultry feed. Fish feed testing is the fastest growing segment with a growth rate of 15.5% CAGR. Increasing importance for pet welfare in developed nations has thereby triggered the growth of pet feed testing. Equine and dairy feed testing hold relatively lower growth prospects than others.
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Europe and Americas are the dominant markets for feed testing due to the higher awareness among farmers, pet owners and stringent government regulations regarding feed testing.
Key Market Vendors:
The report covers analysis of key feed testing providers in the global market such as Life technologies Corp (U.S.), Intertek (U.K.), TUV Rheinland (Germany) and Whitebeck Laboratories Inc. and others, based on numerous business aspects like Product Portfolio, Company Profiles, Financial Statuses and more.
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