Asia Pacific Residue Testing Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023

19/feb/2018 12:27:10 pbi Contatta l'autore

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By Residue Type [Toxins (Mycotoxins, Others), Pesticide Residues (Insecticide, Herbicide, Fungicide, Others), Food Allergens, Veterinary Drugs, Heavy Metals, By Technology (Immunoassay, Spectroscopy, Chromatography, Others)], By Application (Dairy products, Fruits & Vegetables, Meat & Poultry, Cereals, Grains & Pulses, Processed Foods, Functional Food Ingredients, Nuts, Seed & Spice, Others) and Country (Japan, China, India, ASEAN, Australia & New Zealand, Others) – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023



Asia-Pacific Residue Testing Market Report Description: 



Asia Pacific Residue Testing Market report gives a comprehensive outlook on Asia-Pacific Residue Testing across the region with special emphasis on countries Japan, China, India, ASEAN, Australia & New Zealand, Others. This report on Asia-Pacific Residue Testing market gives historical, current, and future market sizes (US$ Mn) of residue type, technology, application and countries. This report studies Asia-Pacific Residue Testing market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the market report includes regulatory scenario and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed Asia Pacific Residue Testing Market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Opportunities).


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Asia-Pacific Residue Testing Market:



Asia-Pacific Residue Testing Market was accounted around US $500 million in 2016, and expected expand at significant CAGR from 2017 to 2023.



Strengthening food residue testing regulations, adoption of sophisticated technologies are witnessed to unlock the potential of the market.



Emerging countries are expected to offer lucrative opportunities, developing countries like China, India plays a vital role in residue testing for food and feed ingredients. Fresh agro products are important food source and export material in Asia. Pesticide traces have been emerged as a major threat in these countries. Strengthening of food safety regulations coupled with frequent pesticide residue monitoring plans are projected to create demand for residue testing market in the emerging countries.



Pesticide Residue Testing Market is expected to account for 30% revenue share in Asia-Pacific residue testing market and projected to grow at double digit CAGR over 2017 to 2023. Limited knowledge on health hazards of pesticides, high adoption of insecticides, fungicides is expected to accelerate the revenue share of pesticide residue monitoring market.



Mass spectroscopy technology segment expected to gain traction owing to surge in the adoption of GC-MS, LC-MS in order to detect multi residue elements in food.



Dairy Residue Testing Market is projected to offer enormous opportunities over the forecast period in Asia-Pacific residue testing market due to surge in the milk production, increased antibiotics, and hormones. Increased mycotoxin levels in dairy products, surge in pesticides, heavy metal contamination expected to enhance the revenue share in future.


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China is expected to expand at robust CAGR from 2017 to 2023.



China Residue Testing Market is accounted for major  revenue share in 2016, continue the major market share throughout the period. Increased agriculture production coupled with adoption of pesticides, government support to establish state-of-art laboratories, frequent residue monitoring plans will fuel the market revenue growth.


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Japan Residue Testing Market is expected to grow at a CAGR of 9.0% over forecast period, high healthcare awareness, cutting-edge technologies are few factors enables drive the Japan’s market.



Competition Assessment

Key players’ profiles in the Asia-Pacific Residue Testing market include, SGS SA, Intertek Group plc., Eurofins Scientific, Bureau veritas S.A., ALS Limited, Neogen Corporation, Idexx Laboratories, AsureQuality, Charm Sciences, Inc., Microbac Laboratories, Inc., Unisensor


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