The report "Dairy Testing Market by Type (Safety (Pathogens, Adulterants, Pesticides), Quality), Technology (Traditional, Rapid), Product (Milk & Milk Powder, Cheese, Butter & Spreads, Infant Foods, Ice Cream & Desserts, Yogurt), and Region - Forecast to 2022", The dairy testing market is projected to reach USD 5.90 Billion by 2022 from USD 4.13 Billion in 2017, at a CAGR of 7.4% from 2017. The market is driven by the increase in outbreaks of foodborne illnesses, globalization of dairy trade, and stringent safety & quality regulations for food. Lack of coordination among market stakeholders and improper enforcement of regulatory laws & supporting infrastructure in developing economies are the major restraints for this market.

The years considered for the study are as follows:

Base year – 2016

Estimated year – 2017

Projected year – 2022

Forecast period – 2017 to 2022

The objectives of the report:

To define, segment, and project the global market size for dairy testing

To define, segment, and forecast the size of the dairy testing market with respect to type, technology, product, and region

To analyze the market structure by identifying various subsegments of the global dairy testing market

To provide detailed information about the crucial factors that are influencing the growth of the market (drivers, restraints, opportunities, and challenges)

To analyze opportunities in the market for stakeholders and provide details of a competitive landscape for market leaders

To forecast the size of the global dairy testing market and its various submarkets with respect to four main regions, namely, North America, Asia Pacific, Europe, and the Rest of the World (RoW) along with their respective key countries

To strategically profile the key players and comprehensively analyze their core competencies

To analyze competitive developments such as new service launches, mergers & acquisitions, expansions & investments, partnerships, agreements, joint ventures, and collaborations in the dairy testing market

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Safety testing is projected to be the fastest-growing segment during the forecast period

The market for safety testing is projected to be the fastest-growing, by type, from 2017 to 2022. Significant emphasis being laid on safety testing of food output with regulatory authorities focusing on addressing regulatory loopholes, preventing adulteration, malpractices, and labeling mandates are driving the market for safety testing of dairy.

Rapid technology is projected to be the fastest-growing market during the forecast period

Rapid technology is projected to be the fastest-growing during the forecast period due to its low turnaround time, higher accuracy, sensitivity, and ability to test a wide range of contaminants in comparison to traditional technology.

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Asia Pacific is projected to be the fastest-growing market during the forecast period

The market in the Asia Pacific region is driven by the growing consumer awareness and increasing health consciousness coupled with growing investments by testing companies in the region. Also, Asia Pacific is home to major dairy producing countries such as China, Australia & New Zealand, and India as these countries are becoming more aware of food safety and are implementing regulations for their testing.

This report includes a study of marketing and development strategies, along with the service portfolios of leading companies. It also includes the profiles of leading companies such as SGS, Bureau Veritas, Intertek, Eurofins, TÜV SÜD, and ALS Limited, among others.