The Infant Formula Testing Market is expected to grow at a CAGR of 6.9% to reach revenue of $20.26 billion by 2023.
According to the new market research report by IndustryARC titled “Infant Formula Testing Market: ”By Test Type (Allergens Testing, Adulteration Testing, Nutritional Analysis, Microbiology Testing), By Technology (NMR Spectroscopy, PCR, Chromatography, Mass Spectrometry, Immunoassay) & By Geography-Forecast(2017-2023), the market is driven By the growing infant population across the globe, increase in the number of infant formula products and strict regulations.
Asia Pacific dominates the Infant Formula Testing Market during the Forecast Period
Asia-Pacific holds a major share in the Infant Formula Testing Market, followed by Americas. Rest of the world includes Middle East and Africa. Increase in product introductions and establishment of new regulations drives the growth of RoW. The Asia-Pacific region is driven by large economic developments in China and other developing countries. China is the largest market in Asia-Pacific, with a share of 26.5% in the market. Asia Pacific will experience a growth of $53.4 million by 2023 with a CAGR of 7.9%.
Americas has a huge penetration of baby formula ingredients which drives the need for adulteration testing to be carried out so that contamination is avoided and labeling is enhanced through proper nutritional analysis.
Infant Formula Testing Market Analysis done in the full Report:
NMR Spectroscopy or Nuclear Magnetic Spectroscopy is a testing technique in which the nucleus of an atom absorbs the magnetic field and emits the electromagnetic field. It can detect adulterants such as melamine, dicyandiamide, protein hydrolysates added to the milk or milk powder for enhancing the protein level. It even improves the detection of addition of sugar in honey.
NMR Spectroscopy can also detect fat content in baby food that is responsible for illnesses conditions related to heart or other concerns. It holds importance in fat labeling. The targeted information of NMR consists of quantification of defined compounds, whereas non-targeted information consists of identification of deviation from typical spectral patterns.
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Excerpts on Infant Formula Testing Market Growth Factors
- Stringent regulations on the infant formula products enhance microbiology and allergen testing. This factor will drive the growth of the infant formula testing laboratories during the forecast period.
- Growing focus on nutritional labeling will also boost the demand for infant formula testing requirements.
- The aim to reduce adulteration products will benefit the Infant Formula Testing Market in the coming years.
- Presence of rapid resting methods drives the growth of infant formula testing products.
Key players of the Infant Formula Testing Market
SGS is one of the leading players in the Infant Formula Testing Market. Bureau Veritas has also developed its business and expanded its activities to other end industries in ten geographical regions, covering more than 1 million customers.
SGS provides services such as Microbiology testing and contaminant testing. Microbiology testing service can find pathogens present in the food for the safety of the product. In contaminant testing, many restricted substances are tested to identify foodborne diseases, chemical, and microbiological hazards. This is done to ensure that the products are in accordance with the regulations.
Bureau Veritas, established in 2013 acquired Maxxam, a leading food analytics service provider in Canada to enhance its market share in the region. The company provides inspection and laboratory testing service for all types of commodities.
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Infant Formula Testing market is segmented as below
The advent of new technologies and increasing health safety measures will drive the demand for Infant Formula Testing Market in the coming years.
A. Infant Formula Testing Market By Test Type
1. Introduction
2. Allergens Testing
3. Adulteration testing
4. Nutritional Analysis
5. Microbiology Testing
6. Others
B. Infant Formula Testing Market By Technology
1. Introduction
2. NMR Spectroscopy
3. Chromatography
4. Mass Spectrometry
5. Polymerase Chain Reaction
6. Immunoassay
7. Others
C. Infant Formula Testing Market By Geography(covers 12+ countries)
D. Infant Formula Testing Market By Entropy
Companies cited and interviewed in Infant Formula Testing Market
- 1.BUREAU VERITAS S.A.
- 2.ELISA TECHNOLOGIES
- 3.EUROFINS SCIENTIFIC S.E.
- 4.INTERTEK GROUP PLC
- 5.SGS SA
- 6.AGILENT TECHNOLOGIES
- 7.COVANCE
- 8.THERMO FISHER SCIENTIFIC
- 9.SILLIKER
- 10.ACCUGEN LABORATORIES
- 11.Company 11+
Related Report:
- A.Food Safety Testing Market
- B.North America Baby Food Product Market
What can you expect from the report?
The Infant Formula Testing Market Report is Prepared with the Main Agenda to Cover the following 20 points:
- Market Size by Product Categories
- Market trends
- Manufacturer Landscape
- Distributor Landscape
- Pricing Analysis
- Top 10 End-user Analysis
- Product Benchmarking
- Product Developments
- Mergers & Acquisition Analysis
- Patent Analysis
- Demand Analysis ( By Revenue & Volume )
- Country-level Analysis (15+)
- Competitor Analysis
- Market Shares Analysis
- Value Chain Analysis
- Supply Chain Analysis
- Strategic Analysis
- Current & Future Market Landscape Analysis
- Opportunity Analysis
- Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC publish country or application based reports in Infant Formula Testing segment?
Response: Yes, we do have separate reports as mentioned below:
1. Americas Infant Formula Testing Market Report (2018-2023)
2. Europe Infant Formula Testing Market Analysis (2018-2023)
3. Asia Pacific Infant Formula Testing Market Size (2018-2023)
4. NMR Spectroscopy Infant Formula Testing Market Share (2018-2023)
5. Chromatography Infant Formula Testing Market Trends (2018-2023)
Q. Does IndustryARC provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
1. Increase the level of data in the application or end user industry.
2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end-use segment.
Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.
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