The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Residue Testing Global Market Report 2024, the residue testing market is expected to show significant growth in the forecast period.

• Market Size Growth: The residue testing market has seen a significant increase in recent years, with a projected growth from $4.72 billion in 2023 to $5.03 billion in 2024, marking a compound annual growth rate (CAGR) of 6.7%.
• Factors Contributing to Growth: Several factors have fueled this growth, including stringent food safety regulations, increased pesticide usage, heightened consumer awareness, and quality assurance in agriculture.
• Concerns: Issues such as environmental pollution, public health concerns, and the need for stringent veterinary drug controls have also played a role in market expansion.

Mobile Residue Monitoring Labs Transforming The Residue Testing Market

• Market Expansion: The residue testing market is expected to continue its robust growth trajectory, reaching $6.73 billion by 2028, with a CAGR of 7.5%.
• Driving Factors: Key drivers in this forecast period include a focus on microbial residue testing, global standardization efforts, and consumer demand for transparency in food production.
• Emerging Trends: Notable trends include the adoption of rapid testing technologies, blockchain for traceability, and strategic collaborations in testing services.

View More On The Residue Testing Market Report 2024 – https://www.thebusinessresearchcompany.com/report/residue-testing-global-market-report

Intertek Strengthens FMCG Services With Acquisition Of Jla Brazil

• Market Dynamics: The acquisition of JLA Brazil by Intertek Group PLC underscores the company’s commitment to providing comprehensive services to fast-moving consumer goods (FMCG) companies.
• Enhanced Offerings: With JLA’s expertise in microbiological and chemical testing, Intertek aims to bolster its service portfolio for FMCG clients.

Market Segmentation and Regional Analysis

• Segmentation: The residue testing market is segmented by type, product type, and application, covering areas such as chromatography, spectroscopy, pesticide residues, toxins, and various application sectors like meat and poultry, dairy products, and processed foods.
• Regional Outlook: North America led the market in 2023, while Asia-Pacific is expected to witness the fastest growth in the forecast period.

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The Residue Testing Global Market Report 2024  provides an in-depth analysis on the residue testing market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the residue testing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Pesticide Residue Testing Global Market Report 2024

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