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Dairy Testing Market Product Type (Milk & Milk Powder, Cheese, Butter & Spreads, Infant Food, Ice Cream & Desserts, Yoghurt, Others) Technology (Traditional, Rapid) Testing Type (Safety Testing, Quality Analysis) : Global Opportunity Analysis and Industry Forecast, 2020-2027

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Jul 2020 | 91 Views
 
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Dairy products are susceptible to deteriorate due to the biochemical instability. Also, nowadays adulterants are being used a lot for earning profits which could affect the health of the consumers. Hence, dairy testing is being done to ensure the food safety, to check the standards of the dairy associated products and to determine the shelf life of the dairy products by conducting sequence of tests. The market is expected to grow substantially in the coming years due to increase awareness among the people, stringent governmental regulations, and intense competition in the domain of dairy products.

Market scope and structure analysis

                         Report Metric

                                       Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($US)

  Segments covered

  Product Type, Technology, Testing Type, and Region

  Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

  Companies covered

Romer Labs Inc., Mérieux NutriSciences, Microbac Laboratories, Inc., Neogen Corp., AsureQuality Limited, TÜV Nord Group, ALS Limited,  TUV SUD, Intertek Group plc, and Eurofins.

 

COVID-19 Scenario Analysis: 

  • The closure of factories due to COVID-19 led to the decline in the market of the dairy products in the industries. This not only affected the scale of production of packaged dairy products but also the growth of the dairy testing market.
  • The online platforms, shops, and retail stores were shut due to lockdown observed worldwide. This also affected the trade of the dairy products which in turn hampered the market of dairy testing in various countries around the world.
  • The market of dairy testing is anticipated to experience growth after worldwide release of the lockdown situation.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Surge in incidences related to adulteration of milk, increase in cases of milk borne diseases, and problems of milk intolerance among the consumers boost the market growth. Further, increase in number of organized retail stores in the emerging economies, which are offering certified foreign based dairy products is also responsible for better growth of the dairy testing market. 

Rise in health concern among people, change in the lifestyle, adoption of packaged dairy products among the urban population, and increase in awareness among the millennial consumers about the benefits and necessity of certified tested dairy products are the major reasons that contribute toward the growth of the market.

However, lack of standardization in safety standards within the food & beverage industry, improper coordination among the stakeholders of market and lack of proper enforcement of related laws hamper the growth of the industry at a global scale.

At present, North America is considered to be the largest dairy testing market owing to the large number of processing companies present in the region. Also, presence of strict regulations related to healthy and safe food is helping the market growth.

Asia-Pacific is expected to grow well during the forecast period owing to the demand for healthy dairy products among the population of the region.

Key Segments Covered:

            Segments

                              Sub-segments

  Product Type

  • Milk & Milk Powder
  • Cheese, Butter & Spreads
  • Infant Food
  • Ice Cream & Desserts
  • Yoghurt
  • Others

  Technology

  • Traditional
  • Rapid

  Testing Type

  • Safety Testing
  • Quality Analysis

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global dairy testing industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global dairy testing market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global dairy testing market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global dairy testing market analysis based on competitive intensity and how the competition will take shape in the coming years. 

Questions Answered in the Dairy Testing Market Research Report:

  • What are the leading market players active in the dairy testing market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
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