Dairy Testing Market Expected to Reach US ~$10.97 Billion and CAGR 8.4% by 2030 – Polaris Market Research
The global dairy testing market size is expected to reach USD 10.97 billion by 2030 according to a new study by Polaris Market Research.
Rapid technological advancements in the industry drive industry growth during the forecast period. The emphasis on minimizing lead time, sample utilization, assessment costs, and limitations associated with certain technologies has resulted in new spectrometry and chromatography techniques. The widespread adoption of technology offers an opportunity for medium and small-scale labs to broaden their product offerings and compete with significant industry players, as these innovations provide advantages such as increased sensitivity, accurate results, durability, multi-contaminant, and non-targeted monitoring with quick turnaround time.
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Further, Europe has the most strict testing rules globally, updated and revised regularly. Europe has the highest number of sample tests for both safety and quality globally. Strict adherence to MRLs and preventing microbiological contamination are prerequisites for entering the European region. Exporters who want to sell milk products in the EU must follow tight rules.
They must be registered for export and listed with the EU. The growing dairy business between Europe and other areas is also driving the industry in this region, as more milk samples are evaluated for importation and exportation. Thus, the advancements in technology and strict government regulation across the globe are boosting the industry growth during the forecast period.
Based on the technology, the rapid technology segment accounted for the leading share in 2021. Compared to traditional technology, rapid technology has a shorter delivery time, accurate results and sensitivity, and the ability to test for a wider variety of pollutants; this pushes the industry for rapid technology.
Major players such as Romer Labs, ALS, Asurequality, Bureau Veritas, Eurofins Scientific, Certified Laboratories, Inc., Agrolab Group, Intertek, TÜV Nord, Microbac Laboratories, Inc, Neogen, Nova Biologicals, SGS SA, Symbio Laboratories, and Mérieux Nutrisciences are key players operating in the global market.
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Polaris Market Research has segmented the dairy testing market report based on type, technology, product, and region:
Dairy Testing, Type Outlook (Revenue – USD Billion, 2018 – 2030)
- Genetically Modified Organisms (GMOs)
Dairy Testing, Technology Outlook (Revenue – USD Billion, 2018 – 2030)
- Traditional Technology
- Agar Culturing
- Rapid Technology
- Polymerase Chain Reaction (PCR)
- Chromatography & Spectrometry
Dairy Testing, Product Outlook (Revenue – USD Billion, 2018 – 2030)
- Milk & Milk Powder
- Butter & Spreads
- Infant Food
- ICE Cream & Desserts
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