Market Size of North American Feed Testing Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 7.40 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
North American Feed Testing Market Analysis
The North America Feed Testing Market is projected to register a CAGR of 7.4% during the forecast period 2020-2025. Owing to the rising awareness about meat safety across the world, the feed testing market is witnessing high demand. The regulatory bodies have been implementing several feed testing regulations to manufacture safe feed of high quality, using good manufacturing practices (GMP), good agriculture practices (GAP), and hazard analysis critical control point (HACCP) systems. The majorly used feed substances, like cereals, are prone to fungal growth, owing to high moisture levels. Thus, the mycotoxin testing segment holds a major share in the feed testing market. Mold, yeast, vomitoxin counts, mold identification, and enterobacteria counts are gaining popularity in the feed testing market. Owing to the strict government regulations, North America has a major share in the feed testing market.