Residue Testing Market by Type, Technology, Food Tested – Global Forecast to 2021
LONDON, Sept. 28, 2016 /PRNewswire/ — “Residue testing market projected to grow at a CAGR of 6.4%”
The residue testing market is projected to reach USD 4.41 billion by 2021 at a CAGR of 6.4% from 2016. The market is driven by factors such as increase in outbreaks of chemical contamination in food processing industries, growth in allergic reactions among consumers, and implementation of stringent food safety regulations.
The high growth potential in emerging markets and untapped regions provides new opportunities for market players.
“Chromatography technology led the market with the largest share in 2015”
Chromatography technology accounted for the largest share of the residue testing market in 2015. The importance of this technology is increasing due to its quick, accurate, and easy-to-use characteristics. The vital benefits of these methods for the detection of contaminants include speed, simplicity of operation, efficient analysis, and minimal labor for sample preparation. The stakeholders demand new emerging technologies for analytical testing and ensure certification denoting high quality of their products. This has been driving the market for chromatography in residue testing.
Objectives of the study:
The stakeholders for the report are as follows:
– Residue testing service providers
– Residue testing laboratories
– Food processors
– Food manufacturers
– Government and research organizations
– Trade associations and industry bodies