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Residue Testing Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Global Residue Testing Market is segmented by Product Type (Pesticides, Heavy Metals, Toxins, Allergens and Others), Technology (HPLC-based, LC-MS/MS-based, Immunoassay-based, Other Technologies), Application (Feed & Pet Food, Agricultural Crops, and Food (Meat & Poultry, Dairy, Fruits & Vegetables, Processed Food, and Other Foods)

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Market Snapshot

residue testing market
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 6.6 %

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Market Overview

The global residue testing market is projected to grow with a CAGR of 6.6% during the forecast period (2019-2024).

  • The residue testing market is driven by heightened consumer awareness regarding the safety aspects of food products.

  • The higher budgetary allocation for the areas concerning food safety and security have also provided major boost to the growth of the market.

  • Processed foods are the major category of products that are increasingly tested for safety and quality profiles. Based on the regional analysis, North America is a dominating region, in residue testing market closely followed by Europe.

  • The global marketplace has a prominent presence of key players, however the local players are abundant, and thus, the market has a fragmented character.

Scope of the Report

The global residue testing market has been segmented by product type, application, and technology. By product type, the market is sub-segmented as pesticides, heavy metals, toxins, allergens and others, and by application, it is sub-segmented as feed & pet food and food. The technology has been further categorized into HPLC-based technology, LC-MS/MC-based, immunoassay-based, and  other technologies.

Product Type
Pesticides
Heavy Metals
Toxins
Allergens
Others
Technology
HPLC-based
LC-MS/MS-based
Immunoassay-based
Other Technologies
Application
Feed and Pet Food
Agricultural Crops
Food
Meat and Poultry
Dairy
Fruits and Vegetables
Processed Food
Other Foods
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Italy
Russia
Spain
Rest of Europe
Asia-Pacific
India
Australia
China
Japan
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
South Africa
Saudi Arabia
Rest of Middle East & Africa

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Key Market Trends

Growing Consumer Interest in Food Safety and Quality Issues

The rising number of foodborne disease outbreaks, adulteration cases, and toxicity have increasingly manifested the threat to food safety. The Centre for Disease Control and Prevention (CDCP) has reported that every year, one in 10 people fall sick due to foodborne illness; most importantly, children under five years of age are at high risk. Growing consumer interest for food quality has propelled high technological advancements, which are, thereby, driving the residue safety testing market in developed countries. Enhanced surveillance and detection methods have contributed to the growth of food safety testing scenario, specifically in the developed countries, such as United States. The safety certifications and compliance undertaken by food processing companies and food service organizations are infusing consumer’s trust in these establishments. The consumer education on food safety and mass awareness programs conducted by various bodies are also propelling the market for residue testing.

Residue Testing Market 1

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North America Dominates the Residue Testing Market

The growth of residue testing is primarily driven by the roll-out and implementation of stringent food safety regulations, such as zero tolerance policy for Listeria contamination.  The food industries in North America are profoundly impacted by the new Food Safety Modernization Act (FSMA) rules, as consumers are demanding greater transparency regarding food safety. Consumer awareness about chemical tests is also rising, with recent reports of arsenic in apple juice, and acrylamide in processed potatoes and cereals. Companies, such as Eurofins, have developed FDA recommended DNA bar code tests for species identifications, which is gaining prominence in the US market.

Residue Testing Market 2

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Competitive Landscape

The Global Residue Testing Market is highly fragmented, having some of the major players of the Residue Testing are SGS S.A., Bureau Veritas S.A., Intertek Group plc., ALS Limited, Eurofins Scientific. New product launches, market expansion, partnerships, and acquisitions are the preferred strategic approaches adopted by most companies involved in the global residue testing market. Mergers and acquisitions is the topmost strategy adopted by residue testing companies. M&A activities assist companies to have diversified products and services, gain operational stability, improve and develop a growth model, gain access to patents, R&D or technology and others. For example, in 2017, Eurofins expanded its products offering in food testing market by acquiring Institut Nehring GmbH, which is  aleading food testing laboratory in Germany thus, further expanding its market share in Germany food testing market. Expansion is another key strategy adopted by residue testing companies in order to strengthen their overall presence in the global residue testing market.

residue testing market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables & Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porters Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Pesticides

      2. 5.1.2 Heavy Metals

      3. 5.1.3 Toxins

      4. 5.1.4 Allergens

      5. 5.1.5 Others

    2. 5.2 Technology

      1. 5.2.1 HPLC-based

      2. 5.2.2 LC-MS/MS-based

      3. 5.2.3 Immunoassay-based

      4. 5.2.4 Other Technologies

    3. 5.3 Application

      1. 5.3.1 Feed and Pet Food

      2. 5.3.2 Agricultural Crops

      3. 5.3.3 Food

        1. 5.3.3.1 Meat and Poultry

        2. 5.3.3.2 Dairy

        3. 5.3.3.3 Fruits and Vegetables

        4. 5.3.3.4 Processed Food

        5. 5.3.3.5 Other Foods

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

        4. 5.4.1.4 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Russia

        6. 5.4.2.6 Spain

        7. 5.4.2.7 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 India

        2. 5.4.3.2 Australia

        3. 5.4.3.3 China

        4. 5.4.3.4 Japan

        5. 5.4.3.5 Rest of Asia-Pacific

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East & Africa

        1. 5.4.5.1 South Africa

        2. 5.4.5.2 Saudi Arabia

        3. 5.4.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Most Active Companies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 TUV SUD

      2. 6.4.2 Eurofins Scientific

      3. 6.4.3 NSF International

      4. 6.4.4 SGS Group

      5. 6.4.5 Bureau Veritas

      6. 6.4.6 Intertek

      7. 6.4.7 Merieux Nutrisciences

      8. 6.4.8 ALS Limited .

      9. 6.4.9 Asurequality Limited

      10. 6.4.10 AB Sciex, LLC

      11. 6.4.11 Scicorp Laboratories PTY LTD

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Residue Testing Market market is studied from 2016 - 2026.

The Residue Testing Market is growing at a CAGR of 6.6% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

SGS SA, Bureau Veritas, Eurofins Scientific, Intertek Group plc, AsureQuality Limited are the major companies operating in Residue Testing Market.

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