Feed Testing Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0185671
  • Format: Electronic (PDF)
  • Number of Pages: 218
  • Author(s): Joshi, Madhavi

Report Overview

The Feed Testing Market size was estimated at USD 650 million in 2023 and is projected to reach USD 1.1 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.00% during the forecast period (2024-2030).

Feed Testing Market

(Market Size)
$650 million
$1.1 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.00%
2023 Market Size USD 650 million
2030 Market Size USD 1.1 billion
Key Players SGS, Eurofins Scientific, Intertek, Bureau Veritas, ALS Limited

Market Summary

The feed testing market is an integral component of the global agriculture industry, focusing on the analysis and quality assurance of animal feed to ensure safety, nutritional adequacy, and regulatory compliance. This market encompasses a range of testing services, including nutritional analysis, pathogen detection, mycotoxin screening, and pesticide residue testing, which are critical for maintaining animal health and productivity. The increasing global demand for animal-derived products, such as meat, dairy, and eggs, is a primary factor driving the need for rigorous feed quality control. Additionally, rising awareness about food safety and zoonotic diseases has heightened the importance of feed testing in preventing contaminants from entering the human food chain. The market is characterized by the involvement of various stakeholders, including feed manufacturers, farmers, regulatory bodies, and independent testing laboratories, all collaborating to uphold feed safety standards. Technological advancements in testing methodologies, such as rapid testing kits and molecular diagnostics, are further enhancing the efficiency and accuracy of feed analysis. As the agriculture sector continues to evolve towards more sustainable and efficient practices, the feed testing market is poised for steady growth, supported by stringent government regulations and increasing consumer demand for high-quality animal products.

Key Highlights

The feed testing market is distinguished by several key highlights that underscore its significance in the agriculture sector. One of the most notable aspects is the critical role it plays in ensuring animal health and welfare by identifying and mitigating contaminants and nutritional deficiencies in feed. This not only enhances livestock productivity but also safeguards human health by reducing the risk of foodborne illnesses. Another highlight is the adoption of advanced technologies, such as chromatography, spectrometry, and immunoassays, which enable precise and rapid detection of harmful substances like aflatoxins, salmonella, and heavy metals. The market is also marked by increasing regulatory stringency across regions, with governments implementing strict guidelines for feed safety, such as the Food Safety Modernization Act (FSMA) in the United States and similar regulations in Europe and Asia-Pacific. Furthermore, the growing trend towards organic and natural feed products is driving demand for specialized testing services to verify claims and ensure compliance with organic standards. Companies like SGS, Eurofins, and Intertek are leading providers, offering comprehensive testing solutions that cater to diverse needs. The emphasis on sustainability and traceability in the supply chain is another key highlight, as stakeholders seek to ensure transparency and accountability from feed production to consumption.

Drivers, Opportunities & Restraints

The feed testing market is propelled by several drivers, including the rising global consumption of animal protein, which necessitates high-quality feed to support livestock health and productivity. Increased incidences of feed contamination and related diseases have further emphasized the need for robust testing protocols, driven by consumer awareness and regulatory pressures. Additionally, advancements in testing technologies are making analyses more accessible, efficient, and cost-effective, encouraging wider adoption across the industry. Opportunities in this market are abundant, particularly in emerging economies where industrialization of livestock production is accelerating, creating demand for standardized feed testing services. The growing focus on preventive healthcare in animals and the expansion of the pet food market also present significant growth avenues. Moreover, the integration of digital tools and data analytics into testing processes offers opportunities for enhanced monitoring and predictive insights. However, the market faces restraints such as high costs associated with advanced testing equipment and skilled labor, which can be prohibitive for small-scale operators. Lack of awareness and infrastructure in developing regions also limits market penetration. Regulatory disparities across countries pose challenges for international trade, requiring companies to navigate complex compliance landscapes. Despite these restraints, the overall trajectory remains positive, driven by unwavering demand for safe and nutritious animal feed.

Concentration Insights

The feed testing market exhibits a concentrated landscape with a mix of large multinational corporations and specialized regional players dominating the industry. Key companies such as SGS, Eurofins Scientific, Intertek, and Bureau Veritas hold significant market shares, leveraging their global networks, extensive service portfolios, and strong reputations for reliability and accuracy. These players often engage in strategic acquisitions and partnerships to expand their geographical presence and enhance their technological capabilities. The market concentration is particularly high in developed regions like North America and Europe, where regulatory frameworks are stringent and demand for premium testing services is well-established. In contrast, emerging markets in Asia-Pacific and Latin America are more fragmented, with numerous local laboratories and service providers catering to regional needs. However, as these regions undergo industrialization and regulatory harmonization, consolidation trends are expected to increase, with larger players acquiring smaller entities to gain market access. The concentration also influences competitive dynamics, driving innovation and service differentiation, as companies strive to offer comprehensive solutions including rapid testing, consultancy, and certification services. This evolving landscape ensures that while competition is intense, it fosters continuous improvement in testing standards and customer service across the board.

Type Insights

The feed testing market is segmented by type into various categories based on the parameters tested, each addressing specific aspects of feed quality and safety. Nutritional testing is a fundamental segment, focusing on analyzing components such as proteins, fats, fibers, vitamins, and minerals to ensure feeds meet the dietary requirements of different animal species. This is crucial for optimizing animal growth, reproduction, and overall health. Pathogen testing is another critical type, aimed at detecting harmful microorganisms like Salmonella, E. coli, and Listeria, which can cause diseases in animals and humans. Mycotoxin testing is extensively conducted to identify toxins produced by molds, such as aflatoxins and ochratoxins, which can contaminate feed ingredients and pose serious health risks. Pesticide residue testing ensures that feed is free from harmful chemical residues that could accumulate in animal tissues and enter the food chain. Other types include testing for heavy metals, GMOs, and adulterants, each contributing to comprehensive feed safety. The choice of testing type often depends on regional regulations, animal type, and specific risk factors, with advancements in technology enabling more multiplexed and efficient analyses that cover multiple parameters simultaneously.

Application Insights

In the feed testing market, applications are diverse, spanning various animal types and stages of production to ensure tailored safety and nutritional standards. For poultry feed, testing is paramount due to the high density of production and susceptibility to diseases, with focus on pathogens and mycotoxins that can rapidly affect flock health. Swine feed testing emphasizes nutritional balance and contaminants that impact growth rates and meat quality, given the economic importance of pork production. Cattle feed applications involve extensive nutritional analysis to support milk yield and beef production, alongside screening for toxins that could transfer into dairy products. Aquafeed testing is growing significantly, driven by the expansion of aquaculture, with emphasis on protein content, pollutants, and sustainability certifications. Pet food testing represents a high-value segment, where safety and premium quality are critical for consumer trust, involving thorough checks for allergens and contaminants. Additionally, feed testing is applied in risk assessment and regulatory compliance across the supply chain, from raw material inspection to finished product verification. This application diversity ensures that testing services are customized to meet the specific needs of each sub-sector, enhancing overall efficacy and relevance in the agriculture industry.

Regional Insights

The feed testing market demonstrates distinct regional dynamics influenced by agricultural practices, regulatory environments, and economic development. North America is a prominent region, characterized by stringent food safety regulations, high meat consumption, and advanced farming techniques, which drive demand for comprehensive feed testing services. The United States, in particular, has a well-established market with leading laboratories and frequent regulatory updates. Europe follows closely, with strong emphasis on traceability and quality standards under frameworks like the EU Feed Law, promoting widespread adoption of testing protocols. The Asia-Pacific region is experiencing rapid growth, fueled by expanding livestock production, increasing consumer awareness, and government initiatives to improve feed safety in countries such as China and India. Latin America shows potential with its large agricultural sector, though market development varies by country, with Brazil and Argentina leading in adoption due to their significant meat export industries. The Middle East and Africa are emerging markets, where growth is driven by urbanization and investments in modern agriculture, though challenges related to infrastructure and regulation persist. Overall, regional insights highlight a globally interconnected market where advancements and regulations in one region often influence practices elsewhere, promoting continuous improvement in feed safety standards worldwide.

Company Insights

The feed testing market features a competitive landscape with several key companies leading the industry through innovation, extensive service offerings, and global reach. SGS is a major player, known for its comprehensive testing solutions that cover all aspects of feed safety, including nutritional analysis and contaminant detection, supported by a widespread network of laboratories. Eurofins Scientific is another dominant force, leveraging its expertise in food and feed testing to provide advanced analytical services, with a strong focus on mycotoxin and pathogen testing. Intertek offers integrated solutions that combine testing, inspection, and certification, helping clients navigate complex regulatory requirements and ensure compliance. Bureau Veritas is recognized for its quality assurance services, including feed testing tailored to regional standards and customer needs. Other notable companies include ALS Limited, which provides specialized testing for agriculture, and Neogen Corporation, known for its rapid diagnostic kits and food safety solutions. These companies invest heavily in research and development to introduce faster, more accurate testing methods, such as DNA-based technologies and automation, enhancing their competitive edge. Strategic collaborations with academic institutions and industry associations further strengthen their market position, enabling them to address evolving challenges and capitalize on growth opportunities in the global feed testing market.

Recent Developments

Recent developments in the feed testing market reflect ongoing advancements in technology, regulatory changes, and strategic industry movements. One significant trend is the increased adoption of rapid testing methods, such as lateral flow devices and PCR-based assays, which provide results in minutes rather than days, enhancing efficiency for feed manufacturers and farmers. Companies are also integrating digital platforms and IoT devices for real-time monitoring and data management, allowing for predictive analytics and better decision-making. Regulatory developments continue to shape the market, with updates in maximum residue limits for contaminants and new guidelines for feed additives, prompting laboratories to expand their testing capabilities. For instance, recent focus on sustainability has led to increased testing for organic and non-GMO feed certifications, aligning with consumer preferences. Mergers and acquisitions remain active, as larger firms acquire specialized testing companies to broaden their service portfolios and geographic reach. Additionally, collaborations between testing companies and research institutions are fostering innovation in areas like microbiome analysis and feed ingredient safety. These developments collectively drive the market towards greater accuracy, speed, and comprehensiveness, ensuring that feed testing remains a critical component of global food safety and agricultural productivity.

Report Segmentation

The feed testing market report is segmented to provide detailed insights into various aspects of the industry, enabling stakeholders to make informed decisions. Segmentation by type includes categories such as nutritional testing, pathogen testing, mycotoxin testing, pesticide residue testing, and others, each analyzed for market trends and growth potential. This helps in understanding the demand for specific testing services and technological advancements in each segment. Application-wise segmentation covers poultry feed, swine feed, cattle feed, aquafeed, pet food, and other animal feeds, highlighting unique requirements and regulatory considerations for different animal types. Geographical segmentation breaks down the market into regions like North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa, offering insights into regional dynamics, key players, and growth drivers. Additionally, the report may segment by technology, distinguishing between traditional methods and advanced techniques like chromatography, spectroscopy, and immunoassays. Company segmentation profiles leading market participants, their strategies, and service offerings. This comprehensive segmentation approach ensures that the report delivers granular analysis, catering to the diverse needs of feed manufacturers, testing laboratories, regulatory bodies, and investors seeking to understand specific market niches and opportunities.

FAQs

What is feed testing and why is it important?

Feed testing involves analyzing animal feed for nutritional content, contaminants, and pathogens to ensure it is safe, nutritious, and compliant with regulations. It is important because it safeguards animal health, enhances productivity, prevents disease outbreaks, and ensures the safety of animal-derived products for human consumption.

What are the common types of tests performed on animal feed?

Common tests include nutritional analysis to determine protein, fat, and vitamin levels; pathogen detection for bacteria like Salmonella; mycotoxin screening for mold-produced toxins; pesticide residue testing; and heavy metal analysis. These tests help identify risks and ensure feed quality.

How often should feed be tested?

The frequency of feed testing depends on factors such as the type of feed, regulatory requirements, and risk assessment. Generally, it is recommended to test each batch of raw materials and finished feed, with additional periodic testing for high-risk ingredients or when changes occur in the supply chain.

What regulations govern feed testing?

Regulations vary by region but include frameworks like the Food Safety Modernization Act (FSMA) in the U.S., EU Feed Law in Europe, and guidelines from bodies like the FDA and EFSA. These regulations set standards for contaminants, labeling, and safety to protect animal and human health.

How does feed testing benefit livestock producers?

Feed testing benefits producers by optimizing animal nutrition, improving growth rates and reproduction, reducing mortality and disease incidents, ensuring regulatory compliance, and enhancing the marketability of animal products through verified safety and quality claims.

Citius Research has developed a research report titled “Feed Testing Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Feed Testing Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Feed Testing Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Feed Testing Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Feed Testing Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Feed Testing Market
• Research Methodology
• Executive Summary
• Market Dynamics of Feed Testing Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Feed Testing Market
• Cost and Gross Margin Analysis of Feed Testing Market
• Feed Testing Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Feed Testing Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Feed Testing Market Key Stakeholders

Below are the key stakeholders for the Feed Testing Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Feed Testing Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Feed Testing Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Feed Testing Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Feed Testing Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Feed Testing Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Feed Testing Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Feed Testing Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Feed Testing Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Feed Testing Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Feed Testing Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Feed Testing Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Feed Testing Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Feed Testing Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Feed Testing Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Feed Testing Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Feed Testing Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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