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Residue Testing Market to Grow at a CAGR of 6.9% through 2030

Mar 18th 2020 at 3:51 AM

FMI’s latest report on global Residue Testing Market

The recent market intelligence study by Future Market Insights elaborates the all in all perspective of the worldwide Residue Testing Market, from its historical growth through the future outlook. The report is scrutinised on the basis of product type, end use, region and market players. Each segment depicted based on market share, revenue, and demand prospect.

Analysts at FMI find that the Global Residue Testing Market reached a value of ~US$ 3.5 Bn by 2019 End and is anticipated to grow at CAGR of ~6.9% during the forecast period 2020-2030. The growth is primarily driven by increasing demand for Residue Testing among the consumers, better disposable income, and enhanced GDP in developing countries.

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Market distribution:

  • Microbac Laboratories, Inc.,
  • EUROLAB, Centers for Disease Control and Prevention (CDC),
  • AsureQuality Laboratories,
  • Neogen Corporation,
  • IDEXX Laboratories Inc.,
  • Charm Sciences Inc.,
  • Bureau Veritas S.A.,
  • Intertek Group plc.,
  • Silliker Inc.,
  • Eurofins Scientific,
  • ALS Limited among others

By Region Analysis:

  • North America
  • Latin America
  • Europe
  • APEJ
  • Japan
  • Oceania
  • Middle East & Africa

Type Analysis:

  • Pesticide residues
  • Toxins
  • Heavy metals
  • Food allergens
  • Others residues (veterinary drugs, processing induced chemicals, and dioxins & PCBs)

Technology Analysis:

  • Chromatography based (HPCL, GC, LC, LC-MS/MS)
  • Spectroscopy
  • Immunoassay
  • Other technologies (PCR and other rapid technologies)

Application Analysis:

  • Feed & Pet food
  • Agricultural Crops
  • Food & Beverages
  • Meat & Poultry
  • Dairy
  • Processed Foods
  • Nuts, seeds and spices
  • Cereals, grains, & pulses

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After reading the Residue Testing Market report, readers can:

  • Understand the drivers, restraints, opportunities and trends that impact the overall growth of the Residue Testing Market.
  • Grasp the market outlook in terms of value and volume.
  • Study the strengths, weaknesses, opportunities and threats of each stakeholder operating in the Residue Testing Market.
  • Learn about the manufacturing techniques of Residue Testing in brief.
  • Figure out the positive and negative factors impacting the product sales.

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What kind of questions the Residue Testing Market report answers?

  1. Why is region witnessing the slowest demand growth for Residue Testing?
  2. What kind of agreements are the players entering into in the global Residue Testing Market?
  3. Which sub-segment will lead the global Residue Testing Market by 2030 by product?
  4. Which Residue Testing Market players hold significant shares in terms of value and volume?
  5. What alternatives are consumers looking for in the global Residue Testing Market?

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Why go for Future Market Insights

  • One of the leading market research firms in India.
  • Serves 350+ clients every day.
  • Facilitates 60+ countries with innovative market ideas.
  • Artificial intelligence, and big data analytics for keeping clients updated regarding current market trends.
  • Available round the clock.
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