Europe Residue Testing Market to Witness Growth from Consumer Awareness for Food Safety
Europe residue testing market is projected to reach USD 4.41 billion by 2021 at a CAGR of 6.4% from 2016. The high growth potential in emerging markets and untapped regions provides new opportunities for market players.
Albany, New York, December 9, 2016: The residue testing market is likely to gain benefit in the upcoming years from the strong growth demand for specialist diets and packaged foods, says a new report study added to Market Research Hub’s database. It is titled as “Europe Residue Testing Market Report 2016”, and studies about the sales of residue testing in Europe’s market, especially in countries like Germany, UK, France, Italy, Russia, Benelux and Spain during the forecast period of 2011 to 2021.
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Initially, the report begins with the Residue testing overview along with its scope, classification and application. The major work of residue testing is to ensure that the quality of your products meet both national and international market access and safety standards. The research report provides analysis and information according to categories such as market segments, geographies, type, machine size and end use. On the basis of product type, it can be divided into Chromatography, Spectroscopy and Immunoassay. The report states that Chromatography is one of the major techniques used to test the residues in food which is predicted to form a fastest growing segment in residue testing market during the forecast period.
Based on the application, residue testing market is segmented into:
Besides this, the report also consists of market development trends, competitive landscape analysis & key regions development status. The global market is driven by increase in outbreaks of chemical contamination in food processing industries, growth in allergic reactions among consumers, implementation of food safety regulations global movement of organic revolution and international trade of food materials. It has been observed that the market for the pesticides residues testing is having highest market share presently. The use of harmful pesticides is highly regulated in North America & European region and their supply for some pesticides is under strict control.
The report further studies that in terms of geography, China residue testing market is expected to be the fastest growing market in Asia-Pacific region as China ships a large amount of agricultural goods to the European market.
In the next section, some of the key players in residue testing market are also highlighted, such as
Browse Full Report with TOC: http://www.marketresearchhub.com/report/europe-residue-testing-market-report-2016-report.html
The report profiles these key manufacturers with company basic information, manufacturing base and their competitors. Therefore, residue testing industry research report acts as a valuable source of guidance and direction. It is helpful for established businesses, new entrants in the market as well as individuals interested in the market.
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Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. Our reputation lies in delivering value and world-class capabilities to our clients.
Dec 08, 2016