Feed Testing - Market Insights, Competitive Landscape, and Market Forecast - 2030

Feed Testing - Market Insights, Competitive Landscape, and Market Forecast - 2030

Feed Testing Market By Test (Pathogen Testing, Mycotoxin Testing, Nutritional Testing, Vitamins Testing, Metal Testing And Others), Livestock (Poultry, Ruminants, Swine, Aquatic Animals And Others), And Geography (North America, Europe, Asia-Pacific, And Rest Of The World) is expected to grow at a steady CAGR forecast till 2030 owing to the growing concern about animal food safety and increasing demand of animal-based products

The global feed testing market was valued at USD 2.49 billion in 2023, growing at a CAGR of 6.69% during the forecast period from 2024 to 2030 to reach USD 3.91 billion by 2030. The demand for Feed Testing is primarily being boosted by the growing concern about food 2safety, increasing consumption of animal-based products, increasing focus on animal health and nutrition, and growing technological advancement in feed testing, during the forecast period from 2024 to 2030.

Feed Testing Market Dynamics:

According to the agricultural outlook published by OECD/FAO (2023), global meat production is expected to increase by a further 12% between 2022 and 2032. Poultry production will show the greatest growth globally (13%), with poultry accounting for half of the additional meat production in the next 10 years.

According to the same source mentioned above, meat consumption per capita is predicted to increase by 2% globally in the next 10 years with most of the growth occurring in low- and middle-income countries. Poultry will show the greatest increase and will provide 41% of protein from meat sources in 2032.

So, as the demand for animal-based products rises, there's a greater need to ensure the quality and safety of animal feed. Feed testing becomes crucial in verifying that feed ingredients meet regulatory standards and are free from contaminants, toxins, or harmful substances that could jeopardize animal health or product safety.

Furthermore, technological advancements have a significant impact on the feed testing market, influencing various aspects of testing processes, efficiency, accuracy, and data management. So, advanced analytical techniques, such as chromatography and mass spectrometry, provide higher sensitivity and specificity in detecting contaminants and toxins, ensuring feed safety. Additionally, the adoption of several advanced technologies such as near-infrared spectroscopy (NIRS) and polymerase chain reaction (PCR) techniques, enable faster and more accurate analysis of feed components. For instance, R-Biopharm constantly working on the development of new innovative technologies for food and feed analysis, the company adopted some advanced easy-to-use methods including ELISA, real-time PCR, lateral flow tests, culture medium plates, and more for food and feed testing.

So, such types of technological adoption and innovations empower stakeholders in the agriculture industry to make informed decisions about the composition and quality of feed.

On the other hand, growing regulatory emphasis on animal health and welfare, coupled with rising concerns about food safety, drives an increased demand for feed testing services. Feed producers and manufacturers are compelled to comply with stringent regulations and standards, necessitating comprehensive testing of feed ingredients and finished products.

Thus, due to the interplay of all the above-mentioned factors, the demand for Feed Testing will increase, thus resulting in the overall growth of the Feed Testing market.

However, the high cost of testing and sampling collection and handling challenges may act as factors that are expected to limit the growth of the feed testing market.

Feed Testing Market Segment Analysis:

Feed Testing Market by Test (Pathogen Testing, Mycotoxin Testing, Nutritional Testing, Vitamins Testing, Metal Testing, and Others), Livestock (Poultry, Ruminants, Swine, Aquatic Animals, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World)

In the test segment of the feed testing market, the pathogen testing category is estimated to amass a significant revenue share in the feed testing market in 2023. This can be attributed to its wide use in feed testing and various advancements in methodology and technology. The purpose of pathogen testing is to reduce and eventually eliminate occurrences of foodborne diseases. This procedure is carried out at each phase of food production to ensure food safety and cleanliness.

Pathogens in animal feed can pose serious risks to public health if they lead to foodborne illnesses. With increasing awareness of feed safety issues, consumers, regulatory bodies, and industry stakeholders prioritize measures to prevent the spread of pathogens in the food chain. On the other hand, many countries have stringent regulations governing the presence of pathogens in animal feed to ensure food safety and public health. Compliance with these regulations often requires thorough pathogen testing throughout the feed production process, driving demand for pathogen testing services.

Further, the emergence of new and evolving pathogens presents ongoing challenges for the feed industry. Pathogen testing helps identify emerging threats and facilitates the development of targeted control measures to mitigate their impact on animal and human health.

Thus, the growing demand for pathogen testing in the feed industry reflects its importance in ensuring food safety, regulatory compliance, risk management, and quality assurance. As such, pathogen testing continues to be a critical focus area for feed producers, laboratories, and regulatory authorities worldwide, this category is poised to propel the overall growth of the feed testing market during the forecast period.

North America Is Expected To Dominate The Overall Feed Testing Market:

North America is expected to account for the highest proportion of the feed testing market in 2023, out of all regions. This is due to the region having a well-established feed testing market due to stringent regulations regarding food safety, and high standards for food safety. Additionally, an increase in incidents of feed-borne illnesses, a plethora of feed safety testing companies, and large-scale feed production are some of the key factors driving the growth of the feed testing market in North America.

Moreover, the United States, a key player in North America, is one of the largest producers of genetically modified soy and corn. Consequently, there is a significant demand for genetically modified organism testing services to ensure compliance with labeling regulations and consumer preferences. Furthermore, North America boasts a large number of feed safety testing companies such as Eurofins Scientific, Intertek, and NSF International with advanced technologies and expertise. This competitive landscape fosters innovation and drives the adoption of cutting-edge testing methodologies.

On the other hand, many of the key players are actively engaging in industry consolidation through expansion mergers and acquisitions in the region to reinforce their positions. For instance, in May 2022, Bureau Veritas, a world leader in testing, inspection, and certification (TIC) services, opened its third US microbiology laboratory located in Reno, Nevada. The new laboratory offers rapid pathogen testing as well as microbiology indicator analyses to ensure the safety of food and agriculture commodities.

Thus, the rising incidence of feed-borne illness and high standard of feed safety in North America along with the various expansion activities taking place by the key players will eventually drive the overall market for feed testing in North America during the forecast period.

Feed Testing Market Key Players:

Some of the key market players operating in the feed testing market include Eurofins Scientific, Merck KGaA, R-Biopharm., TÜV SÜD, Corteva., ADPEN Laboratories, SGS Société Générale de Surveillance SA, Bureau Veritas, Intertek Group plc, Mérieux NutriSciences Corporation, ALS, Neogen Corporation, Charm Sciences, Inc., AES Laboratories Pvt. Ltd., Lifeasible, ServiTech, Inc., Tentamus, PerkinElmer Inc., CVR Labs Pvt. Ltd., Hill Labs, and others.

Recent Developmental Activities In The Feed Testing Market:

In March 2023, SGS acquired the testing business and assets from ASMECRUZ, SOCIEDAD COOPERATIVA GALLEGA (“Asmecruz”), and a cooperative of mussels producers based in Boiro, Spain. This acquisition is in line with the strategic focus of expanding its food services and laboratory network in Europe.

In July 2022, SGS opened a new 500 m2 food analysis laboratory in Naucalpan, State of Mexico during its 70th anniversary. The new laboratory assists food organizations in checking the quality of food and regulate.

Key Takeaways From The Feed Testing Market Report Study

Market size analysis for current Feed Testing Market size (2023), and market forecast for 6 years (2024 to 2030)

Top key product/technology developments, mergers, acquisitions, partnerships, and joint ventures happened over the last 3 years

Key companies dominating the global Feed Testing market.

Various opportunities are available for the other competitors in the Feed Testing Market space.

What are the top-performing segments in 2023? How these segments will perform in 2030?

Which are the top-performing regions and countries in the current Feed Testing market scenario?

Which are the regions and countries where companies should have concentrated on opportunities for Feed Testing market growth in the coming future?

Target Audience Who Can Be Benefited From This Feed Testing Market Report Study

Feed-testing product providers

Research organizations and consulting companies

Feed Testing-related organizations, associations, forums, and other alliances

Government and corporate offices

Start-up companies, venture capitalists, and private equity firms

Distributors and Traders dealing in Feed Testing

Various end-users who want to know more about the Feed Testing Market and the latest technological developments in the Feed Testing Market.

Frequently Asked Questions For The Feed Testing Market:

1. What is Feed Testing?

Feed Testing refers to the process of analyzing animal feed and feed ingredients to assess their nutritional content, safety, and quality. It involves a series of laboratory tests and analyses conducted to ensure that feed meets regulatory standards, nutritional requirements, and quality specifications.

2. What is the market for Feed Testing?

The global feed testing market was valued at USD 2.49 billion in 2023, growing at a CAGR of 6.69% during the forecast period from 2024 to 2030 to reach USD 3.91 billion by 2030.

3. What are the drivers for the global Feed Testing market?

The feed testing market is slated to witness prosperity owing to the growing concern about food safety, increasing consumption of animal-based products, increasing focus on animal health and nutrition, and growing technological advancement in feed testing, during the forecast period from 2024 to 2030.

4. Who are the key players operating in the global Feed Testing market?

Some of the key market players operating in Feed Testing include Eurofins Scientific, Merck KGaA, R-Biopharm., TÜV SÜD, Corteva., ADPEN Laboratories, SGS Société Générale de Surveillance SA, Bureau Veritas, Intertek Group plc, Mérieux NutriSciences Corporation, ALS, Neogen Corporation, Charm Sciences, Inc., AES Laboratories Pvt. Ltd., Lifeasible, ServiTech, Inc., Tentamus, PerkinElmer Inc., CVR Labs Pvt. Ltd., Hill Labs, and others.

5. Which region has the highest share in the global Feed Testing market?

North America is expected to dominate the overall feed testing market during the forecast period from 2024 to 2030. This is due to the region having a well-established feed testing market due to stringent regulations regarding food safety, and high standards for food safety. Additionally, an increase in incidents of feed-borne illnesses, a plethora of feed safety testing companies, and large-scale feed production are some of the key factors driving the growth of the Feed Testing market in North America.