The global dairy testing market is expected to experience substantial growth in the coming years, with a projected value of USD 8.1 billion by 2026 and a CAGR of 8.2%. This market was estimated to be worth USD 5.5 billion in 2021. Food testing includes all types of foods from plant and animal sources. Dairy testing is an application in food testing that deals with the safety and quality of milk and other dairy products.
This article provides a comprehensive overview of the Dairy Testing Market Trends, Growth Opportunities, Scope, and Forecast. You will learn about the latest developments in the industry, the drivers of growth, and the challenges that lie ahead. From the impact of COVID-19 to the opportunities presented by emerging markets, we cover it all.
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Dairy Testing Market Trends:
The Dairy Testing Market has been on an upward trajectory in recent years, driven by several key trends:
1. Increasing demand for safe and high-quality dairy products
2. Rising awareness of food safety and quality
3. Advancements in testing technologies
4. Growing popularity of functional dairy products
5. Stringent government regulations
Growth Opportunities:
The Dairy Testing Market presents several growth opportunities for companies operating in the industry. Some of the key growth opportunities include:
1. Emerging Markets: The growing demand for dairy products in emerging markets presents significant growth opportunities for dairy testing companies. With the rise of the middle class in countries like China, India, and Brazil, there is an increasing demand for safe and high-quality dairy products.
2. Functional Dairy Products: The growing popularity of functional dairy products, such as probiotics, is driving demand for dairy testing services. These products require specialized testing to ensure that they meet the highest standards of quality and safety.
3. Technological Advancements: The dairy industry is constantly innovating and investing in new technologies to improve the quality and safety of dairy products. This presents significant growth opportunities for companies that can provide cutting-edge testing services.
The increasing demand for dairy testing in Europe is driving the growth of the dairy testing market.
Europe has the world’s most stringent regulations for dairy testing, which undergo frequent updates and revisions. The world’s highest number of sample tests for both safety as well as quality are conducted in Europe. Strict compliance with MRLs and measures to prevent microbial contamination are preconditions for entering the European market. Exporters aiming to export milk and dairy products to the EU are required to follow a strict set of guidelines. They need to be export registered and listed with the EU (they require an AA or approved arrangement, which is a food safety document that describes how an organization manages its food safety and quality).
Key Market Players:
The key players in this market are SGS SA (Switzerland), Eurofins Scientific (Luxembourg), Intertek Group plc (UK), Bureau Veritas (France), ALS Limited (Australia), and TÜV SÜD (Germany).
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