Dairy Testing Market Is Anticipated to Reach a Value of $5.4 Billion by 2025 and Is Expected to Grow at a CAGR of 7.1% During the Forecast Period 2018-2025, Says Esticast Research And Consulting
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As per the report “Dairy testing Market By Type (Safety, Quality testing), By technology (Traditional, Rapid), By product (Milk and milk powder, Cheese, Butter & spreads, Infant’s foods, Ice creams & deserts, Yoghurt), Industry Trends, Estimation & Forecast, 2018-2025″, Dairy Testing Market Is Anticipated to Reach a Value of $5.4 Billion by 2025 and Is Expected to Grow at a CAGR of 7.1% During the Forecast Period 2018-2025.
In 2017, the safety testing segment generated the highest revenue share in the global dairy testing market. Among major regions, Asia Pacific will emerge out as the fastest growing market in the near future.
“Dairy products are one of the most crucial components of the people’s diet in nearly every part of the world. However, these products are highly vulnerable to get infested by different types of bacteria, viruses such as E-Coli and norovirus which can cause serious illnesses and even death. An increasing level awareness among common masses and stringent government regulations regarding the quality of packaged dairy products is promoting the dairy product manufacturers to get their products quality and safety tested, which is eventually flourish the market growth.”
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Europe held a considerable share of more than 30% of the overall dairy testing market in 2017
In the current scenario, Europe has the most stringent food safety regulations in the world. In Europe, the recent outbreaks of foodborne illnesses has increased the concerns for food safety among the consumers and regulatory bodies, and hence, has led the dairy product manufacturers to get their products quality tested before their dispatch. Apart from that, the EU has strict regulations regarding the labeling and nutritional content of the dairy products, in order to prevent allergic outbreak cases among people who are lactose intolerant. European Commission has a separate set of regulations for milk and milk products. EC Regulation No 2074/2005, EC Regulation 853/2004 and Regulation (EC) No 853/2004 are some of the major regulations which are issued by the EU regarding the hygienic rules and raw milk testing, and pasteurization process of dairy products. Moreover, increasing export activities of milk based products such as cheese, butter and flavored yogurt is also a major catalyst which is stimulating the demand for dairy testing services in the region. ALS Life sciences, INDEXX Laboratories and TUV SUD are some of the major food safety testing companies based in Europe. On the other hand, owing to the hiking dairy production in countries such as India and Australia, Asia Pacific can emerge out as the fastest growing market for dairy testing services in the near future.
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On the basis of technology, Rapid Testing segment will grow with the fastest CAGR during the time period of 2018 to 2024.
Rapid dairy testing technology is an emerging technology which is witnessing a swift adoption owing to advantages provided such as higher accuracy, low turnaround time and ability to test a wide range of contaminants as compare to conventional testing technology. Rapid microbiological methods, also called as RMMs are an expanding area. Although the usage of this technology is limited, but it is finding its uses, specifically in hygiene & infestation related monitoring in the food industry, where time is the most valuable commodity. As an expanding area of microbiology, RMM is a vast and diverse in nature and are now being looked upon seriously by various food safety service providing firms as a viable alternative to the traditional methods they are accustomed to. Some most prominent rapid testing methodologies for dairy products include immunoassays (ELISA), latex agglutination, impedance microbiology, immunomagnetic separation, and polymerase chain reaction.
Some major market players are, SGS, Bureau Veritas, TUV Nord Group, Asurequality , Romer Labs, Bureau Veritas, Microbac Laboratories, Neogen Corporation, Mrieux Nutrisciences, United States Department of Agriculture (USDA), INDEXX Laboratories, ALS Life Sciences and others.