Today: September 23, 2018, 12:40 pm
  
Health

Residue Testing Market projected To Grow With Significant CAGR Over The Forecast Period

Residue Testing Market projected To Grow With Significant CAGR Over The Forecast Period
Residue Testing Market
Residue Testing Market
PR-Inside.com: 2018-05-17 14:27:24
An Overview of Residue Testing Market

Small traces of veterinary/agricultural chemicals or their by-products present inside or outside of any agricultural produce is termed as Agriculture Residue. Most of these residues include traces of heavy metals, mycotoxins, micro-organisms etc. Consumption of agricultural produce that is highly contaminated by these residues can negatively impact the health of the consumers. Main aim of residue testing is to know whether the agro products complies with their Minimum residue limits (MRL) or Maximum Level for metal and chemical residues and whether these agro products are safe for consumption. Residue testing can also detect small traces of insecticides such as DDT, dieldrin etc present in the soil.

Residue Testing Market – Drivers and constraints

Rising awareness, health concerns and stringent regulations to test the hazardous elements are likely to boost up the residue testing market. Other than this, advancement in testing technology, growing international trade for food materials, increase in sustainable food production, large untapped market in emerging regions are some other factors adding up to the growth of residue testing market. On other side growth will get hampered due to poor food control infrastructure and lack of resources. Also, factors like strict food production regulations and lack of awareness about the safety regulations likely to act as constraints.

Free sample of this report is available upon request @

www.precisionbusinessinsights.com/market-reports/global-residue- ..

Residue Testing Market – Classification

The Residue Testing Market can be broadly classified into the following categories.

On the basis of type of residue, the residue testing market can be classified into the following categories:

i) Toxins

• Mycotoxins

• Others

ii) Pesticide

• Insecticides

• Herbicides

• Fungicides

• Others

iii) Food Allergens

iv) Veterinary drugs

v) Heavy metals

Free TOC of this report is available upon request @

www.precisionbusinessinsights.com/market-reports/global-residue- ..

Residue Testing Market – Global outlook

Huge demand for packaged foods and specialty diets are likely to act as driving forces for the global residue testing market. As we have already seen, how elimination of trade barriers and improvements in international food trade has led to the consolidation of residue testing regulations.

Based on the geography, the residue testing market can be classified into five regions.

i) Europe

ii) Asia-Pacific

iii) North America

iv) Middle East & Africa

v) Latin America

As Asia Pacific is still more dependent on agricultural commodities, the residue testing market is likely to see growth in this region. Growing population, untapped markets, betterment of food safety regulations, increase in food import and export are few factors that will support the growth of residue testing market. Also, Asia-Pacific region is seen as opportunity pool by other countries. In developed countries, factors like implementation of tolerance levels in food products likely to fuel the growth.

Residue testing market – key players

Few of the important players in this market are

i) Intertek Group plc (U.K.)

ii) SGS S.A. (Switzerland)

iii) Silliker Inc. (U.S.)

iv) Eurofins Scientific (Luxembourg)

v) Neogen Corporation (U.S.)

Need more information about this report @

www.precisionbusinessinsights.com/market-reports/global-residue- ..

Residue testing market – Recent developments

• January 2016 - Acquisition of Authen Technologies, a provider of Next-Gen DNA based species identification services by NSF International, an auditing, analyzing & certification services provider for food industries, dietary supplement and natural product.

• December 2016 – Biopremier acquisition by SGS to compete in next-generation sequencing technique of food allergen.

Get access to full summary @

www.precisionbusinessinsights.com/market-reports/global-residue- ..

About Precision Business Insights

Precision Business Insights is one of the leading market research and business consulting firm, which follow a holistic approach to solve needs of the clients. We adopt and implement proven research methodologies to achieve better results. We help our clients by providing actionable insights and strategies to make better decisions. We provide consulting, syndicated and customised market research services based on our client needs.

Contact to Precision Business Insights,

Kemp House,

152 – 160 City Road,

London EC1V 2NX

Email: sales@precisionbusinessinsights.com

Toll Free (US):+1-866-598-1553

Website @https://www.precisionbusinessinsights.com

Press Information
Precision Business Insights
Kemp House,


152 – 160 City Road,


London EC1V 2NX

Satya
Marketing Lead
+1-866-598-1553
email
www.precisionbusinessinsights.com


# 684 Words
Related Articles
More From The Author
Global Turf and Ornamental Crop Protection Market [..]
Global Turf and Ornamental Crop Protection Market To Be Valued US$ 5,047.6 Mn by 2023 “The Global Turf and Ornamental [..]
Global Plaque Psoriasis Treatment Market To Be [..]
Global Plaque Psoriasis Treatment Market To Be Valued US$ 20,388.2 Mn by 2023 The Global Plaque Psoriasis Treatment Market poised [..]
Wheeled Tractor Machinery Market projected To Grow [..]
Overview of the Wheeled Tractor Machinery Market Wheeled tractors are those vehicles in which high torque can be achieved at [..]
Biofertilizers Market projected To Grow With Significant [..]
An Introduction to Biofertilizers Market Biofertilizers are basically agro chemicals major component of which is organic in [..]
3D Cell Culture Market projected To Grow [..]
3D Cell Culture Market – introduction The method by which cells are grown outside their natural environment, under controlled conditions [..]
 
More From Health
NSAV SUBSIDIARY SIGNS MAJOR AGREEMENT WITH ELI [..]
Net Savings Link, Inc. (OTC: NSAV), a medical technology and software company, announced today that its subsidiary, Shanghai based [..]
Cadrock Secures US$5m for Therapy Targeting $35 [..]
- Enrolls first clinical trial patients in Sydney, Australia SYDNEY, Sept 4, 2018 - (ACN Newswire) - Cadrock Pty Ltd, [..]
NEGTEC launches Crowdfunding Portal promoting Regenerative Medicine
Dream-Kicker.com to offer donation-based, cryptocurrency support for cutting-edge regenerative medicine and medical equipment TOKYO, [..]
NSAV ANNOUNCES AGREEMENT TO ACQUIRE MAJOR STAKE [..]
Net Savings Link, Inc. (OTC: NSAV), a medical technology and software company, announced today that the Company has acquired a [..]
Novotech the Asia-Pacific CRO named Top 10 [..]
SYDNEY, Aug 23, 2018 - (ACN Newswire) - Asia-Pacific specialist CRO Novotech has been selected as one of the Top [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.