Grain Analysis Market to Reach $761 Million by 2022 - Global Forecasts & Analysis
DUBLIN, September 15, 2017 /PRNewswire/ --
The "Grain Analysis Market - Global Forecast to 2022" report has been added to Research and Markets' offering.
The grain analysis market is projected to reach 2,323.1 Million by 2022, at a CAGR of 5.8% from 2017 to 2022. The grain analysis market, by equipment, is projected to reach USD 761.7 Million in 2022 during the forecast period. The market is driven by increase in outbreak of foodborne illnesses, globalization in grain trade, and stringent safety and quality regulation for food & feed.
The grain analysis market, based on grain type, has been segmented into cereals, oilseeds, and pulses. The market for cereals dominated this market in 2016 and is also projected to be fastest-growing segment during the forecast period. This is attributable to their large-scale production and trade along with higher testing of pathogens, mycotoxins, GMOs, allergens, heavy metals, and other contaminants in this segment.
The grain analysis market, based on target tested, has been segmented into pathogens, pesticides, GMO, mycotoxins, and others. The mycotoxins segment dominated the grain testing services market in 2016, and is also the fastest-growing market during the forecast period. Mycotoxins are chemically stable at high temperatures, and therefore can travel all the way through the food supply chain causing various safety incidences due to which their occurrence in grains is most prevalent, thereby driving the market for mycotoxin testing.
The grain analysis market, by technology, has been segmented into traditional and rapid. The rapid technology segment dominated the market in 2016 and is projected to be the fastest growing by 2022. This is due to low turnaround time, higher accuracy, sensitivity, and ability to test a wide range of contaminants in comparison to traditional technology.
The grain analysis market, by end use, has been segmented into food and feed. The food segment dominated the market in 2016 and is projected to be the fastest growing by 2022. This is due to the increase in grain trade including import and export, their growing use as an ingredient in new food products, government efforts to ensure optimum nutrition in food, and complexities in the food supply chain have led to the rigorous testing of grains.
The grain analysis market, by component, has been segmented into instruments, consumables & reagents, and reference materials. This market was dominated by the instruments segment in 2016. The market for consumables & reagents is projected to be the fastest-growing during the forecast period.
Europe accounted for the largest market share in the grain analysis market. The dominant share of the European region is attributed to stringent regulations in place to make sure that grains used in both food and feed are safe for human as well as animal consumption. Further, it has the highest number of testing laboratories among all other regions and tests the most number of grain samples. Asia Pacific is projected to be the fastest-growing region during the forecast period due to growing consumer awareness and increasing health consciousness coupled with growing investments by testing companies in the region.
Lack of coordination between market stakeholders and improper enforcement of regulatory laws & supporting infrastructure in developing economies are the major restraints for this market.
Companies Mentioned:
- Ab Sciex
- Agrifood Technology (Australia)
- Alex Stewart International (Uk)
- Als Limited
- Asurequality Ltd (New Zealand)
- Bedfordia Farms Ltd (Uk)
- Bioprofile Testing Laboratories Llc (Us)
- Bureau Veritas Sa
- Cotecna Inspection Sa (Switzerland)
- Covance Inc. (Us)
- Eurofins Scientific
- Futari Grain Technology Services (Australia)
- Genetic Id Na Inc. (Us)
- Great Tew Grain Processing Ltd (Us)
- Intertek Group Plc
- Mrieux Nutrisciences (Us)
- Microbac Laboratories Inc. (Us)
- Neogen Corporation
- R J Hill Laboratories Ltd (New Zealand)
- Romer Labs Division Holding Gmbh
- Scs Global Services (Us)
- SGS Sa
- Shimadzu Corporation
- Symbio Laboratories (Australia)
- Thermo Fisher Scientific Inc.
- Tlr International Laboratories (Netherlands)
- Tv Nord Group
- Tv Sd
- Waters Corporation
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Grain Testing Services Market, By Grain Type
7 Grain Testing Services Market, By Target Tested
8 Grain Testing Services Market, By Technology
9 Grain Testing Services Market, By End Use
10 Grain Testing Equipment Market, By Component
11 Grain Testing Services Market, By Region
12 Regulatory Framework
13 Competitive Landscape
14 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/ns2rwh/grain_analysis
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