Global Animal Feed Testing Market anticipated to grow at a CAGR of 6.80% to reach value of $1649.58 million by 2023
During the year 2017, Europe was estimated to have the maximum sale in the global animal feed testing market. The European market is expected to show a CAGR of 2.33% from 20178-2023, and to reach a revenue of $447.78 million by 2023, from $389 million in 2017.
The American market is expected to reach a revenue of $544.47 million by 2023 at CAGR of 8.38% from 2017. The findings say Asia-Pacific will act as the probable key driver for Animal feed testing over the years. APAC is estimated to become the fastest growing region, with a CAGR 13.86%, and to reach a revenue of $636.36 million by 2023.
Selected Analysis done in the full Report: The global market for type of testing is expected to grow at a CAGR of 6.8% from $1106.4 million in 2017 to $1645.95 million by 2023. The market is growing due to customer’s increasing attention towards pets. Mycotoxin testing consists of large shares in animal feed analysis market. About 42% of the total market is occupied by mycotoxin testing, followed by Nutritional labeling. Mycotoxin testing market is expected to grow at a CAGR of 6.51% to reach $654.16 million by 2023. In feed analysis type, fish feed is estimated to grow at a CAGR of 15.50 globally. Fish feed production and use has increased dramatically in the past five years. The top companies are performing well in this field. Contact : [email protected]
Excerpts on Market Growth Factors Mentioned in the Full Report:
Livestock based industries are growing at a rapid pace, due to the need for healthy livestock which is disease free. This has led the market towards a higher rate of consumption. This will also create a significant demand for animal feed testing services. Concern about food safety, checking of contaminants substance such as pathogens, antibiotics and chemicals is an issue which the market is facing. So, the technological innovations and advancement in safety testing has made the discovery of contaminants and the presence of unwanted elements in food and feed very easy. This will increase the demand for testing of animal feed for safety and efficacy. Growing demand for organic products, which are formed without using chemicals and unnatural resources, will lead the growth of this market significantly. Contact : [email protected]
About IndustryARC IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.
Optical imaging is an emergent technology having enormous potential to improve disease prevention, diagnosis and treatment non-invasively using various imaging techniques. The global Optical Imaging Market is $1.39 billion in 2017 and is estimated to
The Paper Coating Additives Market to grow with a CAGR of 0.6 % over the period of 2017 - 2023. The global market for Paper Coating Additives at $2402.4 million in 2017 is anticipated to grow in 2023. APAC has the major market in paper coating additi
Oleo Chemicals market size is estimated to surpass $31 billion mark by 2023 growing at an estimated CAGR of more than 4.9% during 2018 to 2023. With the increase in developments in the plantation side and the demand for Oleo Chemicals is also increas
The Global Oilfield Surfactants Market revenue is $835.49 million by 2017 and forecasted to grow at a CAGR of more than 4.65% during 2018 to 2023 to reach $1.08 billion. The surfactants in oilfield act as detergents, corrosion inhibitors, emulsifiers
North America is projected to maintain its dominance bygenerating thehighest revenue of $7.5billionin global soup market by 2023. The North American soup market region leads in terms of volume, with 55.9% share in 2017, and is estimated to grow at a
The Global Vibration sensors market recorded annual revenue of $2844.6 million in 2017 and is estimated to grow at a CAGR of 5.6% during the forecast period 2018-2023. Vibration sensors are witnessing prolific demand from industry verticals such as a
Americas hold the largest market share in the Hand Sanitizer Market and is anticipated to reach $603.3 million by 2023 at a CAGR of 5.19%. However, Asia-Pacific is projected to witness the highest growth rate and is anticipated to reach $627.2 millio
Dairy Alternatives Market is anticipated to hit $15.72 billion by 2023 at a CAGR of 9.9%
The Global nutritional premixes market generated annual revenue of $1368million and a volume of 35516.6 tons in 2017 and is estimated to grow at a CAGR of 5.7% and 6.3% in terms of value and volume during the forecast period 2018-2023.
The Global Optical sensors market is growing rapidly across various countries due to the increase in the demand for smart phones and tablets. The market recorded revenue of $25.65billion in 2017 and is estimated to grow at a CAGR of 8.99% throughout
Wireless Radio Access Network (RAN) is a part of mobile telecommunication system. It is wireless network infrastructure associated with macro cell RAN used for sharing cell sites, transport infrastructure, radio spectrum, and baseband processing reso
Americas region holds the largest market share and growth in the Electric wheelchair Market, and is anticipated to reach $1.75 billion by 2023 at a CAGR of 11.8%. However, Europe witnesses the highest growth during the forecast period, and is expecte
Orthotic device market is valued $1,429.5 million in the year 2017 and is anticipated to grow with a CAGR of 4.2% from the year 2018 to 2023. Orthotic devices is segmented based on the methods of manufacturing where custom devices are widely used dev
India is the world’s ninth largest economy in terms of nominal GDP. The GDP of India is forecast to grow at a CAGR of 7.75% during 2018-2023. The major economic centres like Maharashtra State, Andhra Pradesh, Karnataka, Punjab and NCR Region are the
The global virology market is estimated at $1693 million in 2017 and is estimated to grow at a CAGR of 5.4% during the forecast period 2018-2023. North America is the leading market holder driven by world class healthcare substructure with technologi
Americas region holds the largest market share and growth in the Global Tissue Banking Market and is anticipated to reach $17.9 billion by 2023 at a CAGR of 4.26%. However, APAC witnesses highest growth during the forecast period and is expected to r
Americas region holds the largest market share in theGynecological Devices Market and is anticipated to reach $6.17 billion by 2023 at a CAGR of 4.04%. However, APAC witnesses highest growth during the forecast period and is expected to reach $5.2 bi
The global Genomics market generated a revenue of $5651.8 million in 2017 and is poised to grow at a CAGR of 7.5% during 2018-2023. Among the different types of products, the sequencers generated a revenue of $1043.5 million and is expected to rise w
The report predicts the Oilfields Drilling Fluids Additives Market to grow with a CAGR of 2.56 % over the forecast period of 2018 - 2023. The Global Oilfields Drilling Fluids Additives Market size at $1575.10 million in 2017 is anticipated to grow ex
The global online k-8 education market is estimated to grow at a CAGR of 7.5% during the forecast period 2018-2023. The increasing availability of internet infrastructure and the high penetration of smartphones and tablets are driving the growth of t