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. The market is driven by factors such as the increasing demand for dairy products, the rise in food safety concerns, and the implementation of stringent regulations related to food testing. The market is also influenced by the growing trend of plant-based dairy products and the increasing adoption of rapid testing methods.
Dairy Testing Market
Future Outlook:
The dairy testing market is expected to continue to grow in the coming years, driven by factors such as the increasing demand for dairy products, the rise in food safety concerns, and the implementation of stringent regulations related to food testing. The market is also likely to be influenced by the growing trend of plant-based dairy products and the increasing adoption of rapid testing methods.
Dairy Testing Market Trends:
The dairy testing market has been experiencing various trends in recent years. Some of the notable trends in the dairy testing market include:
- Increasing demand for milk and dairy products: With the increasing global population and rising disposable incomes, the demand for milk and dairy products is on the rise. This has led to an increased demand for dairy testing services to ensure the quality and safety of the products.
- Stringent regulations and standards: Governments across the world are enforcing stringent regulations and standards for the dairy industry to ensure the safety and quality of dairy products. This has led to an increased demand for dairy testing services to comply with these regulations.
- Adoption of advanced technologies: Dairy testing laboratories are adopting advanced technologies such as PCR, ELISA, and HPLC to improve the accuracy and speed of testing. This has led to an increased demand for testing services that utilize these technologies.
- Growing awareness about food safety: Consumers are becoming increasingly aware of food safety issues, and are demanding safer and higher quality dairy products. This has led to an increased demand for dairy testing services to ensure the safety and quality of dairy products.
- Rising demand for organic and natural dairy products: With the increasing awareness about health and wellness, consumers are demanding more organic and natural dairy products. This has led to an increased demand for testing services to ensure the authenticity and quality of these products.
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).
Major players in this market are focusing on increasing their presence through new product launches, expansions & investments, mergers & acquisitions, partnerships, collaborations, and agreements. These companies have a strong presence in North America and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.
