Kings Research latest publication, Feed Testing Market: Trends, Share, Size, Growth, Opportunities, and Forecast 2024-2031, delivers a comprehensive examination of the industry, offering insights into market trends, competition, regional performance, and recent innovations.

Market Definition

The market focuses on analyzing the nutritional content, quality, safety, and contamination levels of animal feed. This market encompasses a range of testing services, which include chemical analysis, microbiological testing, and physical characterization, to ensure compliance with regulatory standards and support animal health and productivity. 

The global feed testing market size was valued at USD 2,411.2 million in 2023 and is projected to grow from USD 2,554.7 million in 2024 to USD 4,029.6 million by 2031, exhibiting a CAGR of 6.73% during the forecast period. 

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Recent Developments (Partnership)

In February 2023, Si-Ware Systems partnered with Cargill to provide NeoSpectra feed analysis solutions to the dairy industry. This partnership combines Si-Ware’s advanced NeoSpectra technology with Cargill’s expertise in dairy nutrition, enabling on-site, real-time analysis of feed to optimize dairy farm operations and improve animal health.

List of Key Companies in Feed Testing Market:

• Intertek Group plc
• Eurofins Scientific
• Cargill, Incorporated
• SGS Société Générale de Surveillance SA
• PerkinElmer Inc
• Alltech
• Neogen Corporation
• Kemin Industries, Inc
• Evonik Industries AG
• Adisseo
• Mérieux NutriSciences Corporation
• ADM
• Bruker
• Romer Labs Division Holding
• Hill Labs

Market Drivers:

Stringent Regulatory Standards: Governments worldwide are implementing and enforcing strict regulations concerning animal feed safety. For instance, the European Union has established maximum permissible levels for various contaminants in animal feed, necessitating regular testing to ensure compliance. Similarly, in North America, agencies like the U.S. Food and Drug Administration (FDA) and the Canadian Food Inspection Agency (CFIA) have set rigorous standards for feed safety.Mordor Intelligence

Rising Demand for Animal-Derived Products: The increasing global population and changing dietary preferences are driving the demand for animal-derived products such as meat, milk, and eggs. This surge in demand necessitates the production of high-quality animal feed to ensure optimal animal health and productivity.

Awareness of Animal Health and Safety: There is a growing awareness among farmers, feed manufacturers, and consumers about the importance of animal health and safety. Contaminated or nutritionally imbalanced feed can lead to health issues in animals, affecting their growth and productivity, and potentially posing risks to human health through the food chain.

Market Challenges

Despite the growth prospects, the feed testing market faces several challenges:

High Testing Costs: Advanced testing methods can be expensive, posing a challenge for small-scale farmers and feed producers in developing regions.

Lack of Awareness: In some regions, there is limited awareness about the importance of feed testing, leading to underutilization of available testing services.

Regulatory Compliance: Keeping up with the evolving regulatory standards across different regions can be challenging for feed manufacturers and testing laboratories.

Future Outlook

The feed testing market is poised for continued growth, driven by technological advancements, stricter regulatory standards, and increasing awareness about animal health and safety. Advancements in testing technologies, such as molecular diagnostics and rapid testing methods, are expected to enhance the efficiency and accuracy of feed testing services. Additionally, the growing trend towards precision livestock farming is likely to spur demand for customized feed formulations and, consequently, feed testing services.

Conclusion

Feed testing is an integral component of the animal feed industry, ensuring the safety, quality, and nutritional value of feed products. As global demand for animal-derived products continues to rise, the importance of feed testing in maintaining animal health and safety cannot be overstated. Stakeholders across the feed supply chain must collaborate to address challenges and leverage opportunities to foster a sustainable and safe feed industry

TABLE OF CONTENT

1 INTRODUCTION OF THE GLOBAL FEED TESTING MARKET 
1.1 Market Definition
1.2 Market Segmentation
1.3 Research Timelines
1.4 Limitations
1.5 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY