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North America Residue Testing Market: 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 (U.S., Canada) – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023

October 2017 | 62 pages | ID: N9AE90F7EDFEN
Precision Business Insights (PBI)

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North America Residue Testing Market Report Description:

North America Residue Testing Market report gives comprehensive outlook on North America Residue Testing across the region with special emphasis on countries U.S., Canada. This report on North America Residue Testing market gives historical, current, and future market sizes (US$ Mn) of residue type, technology, application and countries. This report studies North America 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 North America Residue Testing market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Opportunities).

North America Residue Testing Market:

North America Residue Testing Market estimated to be valued over US $1,000 Mn in 2016 and expanding at a growth rate about 4% from 2017 to 2023.

How the stringent government regulations affect North America residue testing market?

Surge in the stringent government regulations, rising awareness among the people, frequent pesticide residue monitoring programs are witnessed to enhance the market over the forecast period. Increased disposable income, change in consumer dietary habits, adoption of convenience foods, surge in production of milk and meat are expected to create demand for North America Residue Testing.

In U.S., the favorable government policies are enacted on maximum residue limit (MRL) that promotes the residual testing in agriculture based products and foods. Furthermore, U.S. FDA issues drug residue warning letters to the meat producers if any adulterated drugs or drug residues are present in the meat. For instance, In June 2017, U.S. FDA resumed the glyphosate testing in various foods owing to growing concern of glyphosate in various foods and agriculture products. Furthermore, FDA laboratories also analyzing foods for 2,4-D and other acid herbicides. Glyphosate and 2, 4 D are commonly used weed-killing products in agriculture and these chemicals are carcinogenic in nature.

Pesticide Residue Testing Market is expected to account for 30.8% revenue share in North America residue testing market and projected to grow at 3.3% CAGR over 2017 to 2023. High usage of herbicides in U.S. is major driving factor of the market.

Spectroscopy technology segment expected to account for 33.0% revenue share in North America residue testing market and projected to grow at 7.0% CAGR over 2017 to 2023. Surge in adoption of mass spectrometry enables create lucrative opportunities for residue testing market.

Meat & Poultry Testing Market is projected to represent lucrative market opportunity over the forecast period in North America residue testing market.

U.S. is expected to dominate the North America Residue Testing market.

U.S. Residue Testing Market is accounted for US $800 million in 2016, and expanding at significant CAGR over the forecast period due to frequent residue monitoring programs in U.S. The U.S. Department of Agriculture (USDA), Pesticide data program collects the sample from retails outlets and analyzes for multi-residues.

Canada Residue Testing Market is projected to expand at a CAGR approximately 5.0%, from 2017 to 2023. High amounts of pesticide usage from the decades, increased awareness of health hazards due to pesticide residues, support from the government to enhance residue testing laboratories, stringent regulations are witnessed to fuel demand for residue testing market.

COMPETITION ASSESSMENT

Key players’ profiles in the North America Residue Testing market include: Intertek Group plc. (U.K.), SGS S.A. (Switzerland), Silliker Inc. (U.S.), Eurofins Scientific (Luxembourg), Bureau Veritas S.A. (France), ALS Limited (Australia), Microbac Laboratories, Inc. (U.S.), AsureQuality Laboratories (New Zealand).

KEY FINDINGS OF THE REPORT:
    • North America Residue Testing market is expanding approximately 5.0% CAGR over 2017 to 2023.
    • U.S. Residue Testing Market is accounted for major revenue share in 2016, and expected to dominate the market over forecast period.
    • Based on Application, meat and poultry is expected to expand at significant CAGR over the forecast period.
  • Based Residue Type, pesticide residues testing segment accounted for major revenue share in 2016.
KEY FEATURES OF THE REPORT:
  • The report provides granular level information about the market size, regional market share, historic market (2012-2016) and forecast (2017-2023)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
    • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
DETAILED SEGMENTATION

By Residue Type
  • Toxins
  • Mycotoxin
  • Others
  • Pesticide Residues
  • Insecticide
  • Herbicide
  • Fungicide
  • Others
  • Food Allergens
  • Veterinary Drugs
  • Heavy Metal
By Technology
  • Immunoassay
  • Spectroscopy
  • Chromatography (LC, GC, HPLC)
  • Others
By Application
  • Dairy Products
  • Fruits & vegetables
  • Meat & poultry
  • Cereals, grains & pulses
  • Processed foods
  • Functional Food Ingredients
  • Nuts, Seeds & Spices
By Country
  • U.S.
  • Canada
1. EXECUTIVE SUMMARY

2. NORTH AMERICA RESIDUE TESTING MARKET INTRODUCTION

2.1. North America Residue Testing Market – Taxonomy
2.2. North America Residue Testing Market–Definitions
  2.2.1. Residue Type
  2.2.2. Technology
  2.2.3. Application

3. NORTH AMERICA RESIDUE TESTING MARKET DYNAMICS & REPORT USPS

3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. North America Residue Testing Market Dynamics – Factors Impact Analysis
3.6. North America Residue Testing Market Dynamics – Regulations
3.7. Product Innovation

4. NORTH AMERICA RESIDUE TESTING MARKET ANALYSIS 2017 – 2025

4.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis

5. NORTH AMERICA RESIDUE TESTING MARKET, BY APPLICATION, 2017 - 2023

5.1. Dairy products
  5.1.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  5.1.3. Market Opportunity Analysis
5.2. Fruits & vegetables
  5.2.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  5.2.3. Market Opportunity Analysis
5.3. North Americat & poultry
  5.3.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  5.3.3. Market Opportunity Analysis
5.4. Cereals, grains & pulses
  5.4.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  5.4.3. Market Opportunity Analysis
5.5. Processed foods
  5.5.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  5.5.3. Market Opportunity Analysis
5.6. Functional food ingredients
  5.6.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  5.6.3. Market Opportunity Analysis
5.7. Nuts, seed & spice
  5.7.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  5.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  5.7.3. Market Opportunity Analysis
5.8. Others
  5.8.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  5.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  5.8.3. Market Opportunity Analysis

6. NORTH AMERICA RESIDUE TESTING MARKET, BY RESIDUE TYPE, 2017 - 2023

6.1. Micotoxins
  6.1.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  6.2.3. Market Opportunity Analysis
6.2. Pesticide Residues
  6.2.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  6.2.3. Market Opportunity Analysis
6.3. Food Allergens
  6.3.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  6.2.3. Market Opportunity Analysis
6.4. Veterinary Drugs
  6.4.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  6.2.3. Market Opportunity Analysis
6.5. Heavy Metals
  6.5.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  6.5.3. Market Opportunity Analysis

7. NORTH AMERICA RESIDUE TESTING MARKET FORECAST, BY TECHNOLOGY, 2017 - 2023

7.1. Immunoassay
  7.1.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  7.1.3. Market Opportunity Analysis
7.2. Spectroscopy
  7.2.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  7.2.3. Market Opportunity Analysis
7.3. Chromatography
  7.3.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  7.3.3. Market Opportunity Analysis
7.4. Other technologies
  7.4.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  7.4.3. Market Opportunity Analysis

9. NORTH AMERICA RESIDUE TESTING MARKET FORECAST, BY COUNTRY, 2017 - 2023

9.1. U.S.
  9.1.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  9.1.3. Market Opportunity Analysis
9.2. Canada
  9.2.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  9.2.3. Market Opportunity Analysis

10. U.S. RESIDUE TESTING MARKET ANALYSIS 2017 - 2023

  10.1.1.Application Analysis Forecast (2017 – 2025) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
    10.1.1.1. Dairy products
    10.1.1.2. Fruits & vegetables
    10.1.1.3. Meat & poultry
    10.1.1.4. Cereals, grains & pulses
    10.1.1.5. Processed foods
    10.1.1.6. Functional food ingredients
    10.1.1.7. Nuts, seed & spice
    10.1.1.8. Others
  10.1.2. Residue Type Analysis Forecast (2017 – 2025) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
    10.1.2.1. Micotoxins
    10.1.2.2. Pesticide Residues
    10.1.2.3. Food Allergens
    10.1.2.4. Veterinary Drugs
    10.1.2.5. Heavy Metals
  10.1.3.Technology Analysis Forecast (2017 – 2025) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
    10.1.3.1. Immunoassay
    10.1.3.2. Spectroscopy
    10.1.3.3. Chromatography
    10.1.3.4. Other technologies
  10.1.6. U.S Asia-Pacific Residue Testing Market - Opportunity Analysis Index, By
Residue Type,Technology, Application, Country, and Country, 2017 – 2025
  10.1.7. U.S Asia-Pacific Residue Testing Market Dynamics – Trends

11. CANADA RESIDUE TESTING MARKET ANALYSIS 2017 – 2023

12. COMPETITION LANDSCAPE

12.1. Strategic Dashboard of Top Market Players
12.2. Company Profiles (Introduction, Financial Analysis Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
  12.2.1. SGS SA
  12.2.2. Intertek Group plc.
  12.2.3. Eurofins Scientific
  12.2.4. Bureau veritas S.A.
  12.2.5. ALS Limited
  12.2.6. Neogen Corporation
  12.2.7. Idexx Laboratories
  12.2.8. AsureQuality
  12.2.9. Charm Sciences, Inc.
  12.2.10. Microbac Laboratories, Inc.
  12.2.11. Unisensor

13. RESEARCH METHODOLOGY

14. KEY ASSUMPTIONS AND ACRONYMS


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