Dairy Testing Market Expected To Reach US$5.9 Billion

Thursday, December 21st, 2017 | 841 Views


The dairy testing market is driven by the increase in outbreaks of foodborne illnesses, globalisation of dairy trade, and stringent safety and quality regulations for food, according to market intelligence company Research and Markets.

The dairy testing market is estimated to be valued at US$4.13 billion in 2017 and is projected to reach US$5.9 billion by 2022, growing at a compound annual growth rate of 7.4 percent from 2017.

The dairy testing market, based on type, has been segmented into safety testing and quality analysis. The safety testing segment dominated this market in 2016 and is also projected to be fastest-growing during the forecast period. This is attributable to the significant emphasis being laid on safety testing of food output with regulatory authorities focusing on addressing regulatory loopholes, preventing adulteration, malpractices, and labelling mandates.

The dairy testing market, by technology, has been segmented into traditional and rapid. The rapid technology segment dominated the market in 2016 and is projected to be the fastest growing by 2022. Low turnaround time, higher accuracy, sensitivity, and the ability to test a wide range of contaminants in comparison to traditional technology are the reasons for the growth of the rapid technology segment.

The dairy testing market, by product, has been segmented into milk and milk powder, cheese butter and spreads, infant food, ice cream and desserts, yogurt, and others. The milk and milk powder dominated the market in 2016 and is projected to be the fastest growing by 2022. This is due to economically motivated adulteration, poor hygiene of storage, faulty supply chains, and contaminated equipment, which have led to milk being contaminated, which upon consumption can cause serious health problems to humans.

 

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