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Dairy Testing - Global Market Trajectory & Analytics

  • ID: 4804599
  • Report
  • April 2021
  • Region: Global
  • 378 pages
  • Global Industry Analysts, Inc
Global Dairy Testing Market to Reach $7 Billion by 2027

Amid the COVID-19 crisis, the global market for Dairy Testing estimated at US$4.6 Billion in the year 2020, is projected to reach a revised size of US$7 Billion by 2027, growing at a CAGR of 6.2% over the period 2020-2027. Safety Testing, one of the segments analyzed in the report, is projected to record 5.7% CAGR and reach US$4.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Quality Analysis segment is readjusted to a revised 7.1% CAGR for the next 7-year period.



The U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 9.4% CAGR

The Dairy Testing market in the U.S. is estimated at US$1.3 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2027 trailing a CAGR of 9.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 5.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.

Select Competitors (Total 42 Featured):
  • ALS Ltd.
  • AsureQuality
  • Bureau Veritas Group
  • Eurofins Scientific
  • Intertek Group PLC
  • Merieux NutriSciences Corporation
  • Microbac Laboratories, Inc.
  • Neogen Corporation
  • Romer Labs, Inc.
  • SGS SA
  • Tuv Nord Group
  • Tuv Sud AG
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • Dairy Testing Market to Register Moderate Growth
  • Safety Testing is anticipated to Register Fastest Growth
  • Impact of Covid-19 and a Looming Global Recession
  • A Prelude into Leading Players
  • Exhibit 1: Market Share of Dairy Testing Worldwide Market by Leading Players-2018
  • Increase in Foodborne Illness Outbreaks to Drive Market Growth
  • Exhibit 2: Number of Foodborne Illness Outbreaks in the US: 1998-2017
  • Impact of Globalization on Dairy Trade to Drive Market Growth
  • Stringent Quality and Safety Regulations for Food to Bolster Demand for Dairy Testing Market
  • A Prelude into Milk Quality Testing
  • With Various Benefits Associated with Milk Testing, the Demand for Dairy Testing Market is expected to Grow
  • Milk Testing to Enhance Dairy Herd
  • Milk Bacteria Test Avoids Wastage in Dairy Production
  • Milk Quality Testing: To Enhance Dairy Products Shelf Life
  • Select List of Qualitative Tests for Milk and Milk Products
  • New Introductions/ Innovations to Bode-Well for Market Growth
  • Adoption of Advanced Technologies for Dairy Testing to Provide Opportunities
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 42
Note: Product cover images may vary from those shown
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