Study: Growth in dairy testing market driven by stringent food safety regulations
Increase in outbreaks of foodborne illnesses and uptick in stringency of safety and quality regulations continue to drive the growth in demand for dairy testing.
The dairy testing market is projected to reach a value of $5.89 billion by 2022, according to a report published by MarketsandMarkets, New York.
Among the various types of dairy testing in the food industry, the safety testing segment is projected to witness the fastest growth during the forecast period thanks to the increase in dairy trade, emphasis on food safety testing and continuing research the limits for contaminants in food. As a result, dairy safety testing has gained vital importance over the years.
The growth in the dairy testing market is attributed to the globalization of dairy trade and stringent safety and quality regulations for food. However, lack of coordination between market stakeholders and improper enforcement of regulatory laws and supporting infrastructure in developing economies are the major factors restraining growth in this market.
The milk and milk powder segment is projected to be the largest and fastest-growing among all applications of dairy testing.
The market for dairy testing is largely concentrated in Europe, in terms of value, followed by Asia Pacific. The large market share in this region is attributed to the highest number of testing laboratories in the world. Also, the region has the most stringent regulations that also undergo frequent updates. Due to the strict regulations, the highest number of sample tests for both safety and quality are conducted in Europe.
Furthermore, growth in the North American region is driven by the stringent regulatory framework in the United States, Canada and Mexico. The market in this region is attributed to high stringency in food safety regulations, labeling laws, enforcement and effective monitoring, a significant focus on consumer protection and their interests, and consequently, the large number of sample tests conducted in correspondence to dairy production and trade.