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Home » Diet » Residue Testing Market to Receive Impetus from Increased Demand for Specialized Diet – Future Market Insights

The residue testing market is expected reflect a steady development at a CAGR of 6.9% during the forecast period (2019-2029). As per a report published by Future Market Insight, increasing need for a specialized diet and contaminant-free packaged food is expected to push growth of the residue testing market.

Lack of awareness concerning the significance of residue testing amongst crop producers particularly in underdeveloped countries might restrict the market growth.

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Key Takeaways ofthe Residue Testing Market Study

Regionally, Europeaccounts for leading share in the worldwide residue testing market. On theother hand, increasing food requirement is likely to allow the APEJ market todisplay a higher pace of growth throughout the assessment period, said a lead analyst at FMI.

Strict RegulationsEnforced to Ensure Food Safety to Boost Market Growth

Strict foodand safety regulations inflicted to control food contamination and assurebetter food safety would fuel the residue testing market. Additionally, foodprocessing sectors are utilizing advanced technologies to join together withfood safety policies. This would have a positive influence on the worldwidemarket. For example, chromatography is one of the majorly employed methods totest the existence of any residue in food. Also, the food sector is nowutilizing several technologies to discover contaminants in food that can beheavy metals, toxins, pesticides, pathogens, allergens, and any other residue.

Various nations have these regulations carried out to determine the exercise of harmful pesticides, for example, in North America and Europe, the usage of pesticides is extremely regulated. These regions, as a result, offer lucrative growth prospects for the residue testing market.

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Residue Testing Market: Vendors Insights

A few of theforemost participants functioning in the residue testing market are EUROLAB,Microbac Laboratories, Inc., CDC (Centers for Disease Control) and Prevention,VICAM LP, AsureQuality Laboratories, Neogen Corporation, Charm Sciences Inc.,IDEXX Laboratories Inc., Bureau Veritas S.A., Silliker Inc., Intertek Groupplc., ALS Limited, and Eurofins Scientific.

On account of growing competition, directing concentration on research and development exercises and progressed technologies. Their development strategies are moreover assisted by agreements among them and local participants. These companies are mainly centering on catering to changing customer preference all over different applications. Additionally, mergers & acquisition stays a trendy strategy amid market participants. Companies mean to increase their regional impression via strategic collaborations.

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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMIs latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition

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Residue Testing Market to Receive Impetus from Increased Demand for Specialized Diet - Future Market Insights

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Home » Diet » Residue Testing Market to Receive Impetus from Increased Demand for Specialized Diet – Future Market Insights