Residue Testing Market Size, Share and Growth Analysis

The global residue testing market size was valued at USD 4,500 million in 2023 and is poised to grow at a significant CAGR of 6% during the forecast period 2024-2030. It also includes market size and projection estimations for each of the five major regions from 2024 to 2030. The research report includes historical data, trending features, and market growth estimates for the future. Furthermore, the study includes a global and regional estimation and is further split by nations and categories within each region. The research also includes factors and barriers to the residue testing market growth, as well as their impact on the market's future growth. The report gives a comprehensive overview of both primary and secondary data.

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The global residue testing market segmentation:
1) By Type: Toxins (Mycotoxins and Others), Pesticide Residues (Insecticide, Herbicide, Fungicide and Others), Food Allergens, Veterinary Drugs and Heavy Metal
2) By Technology: Chromatography based (HPCL, GC, LC, LC-MS/MS), Spectroscopy, Immunoassay
3) By Application: Dairy Products, Fruits & vegetables, Meat & poultry, Cereals, grains & pulses, Processed foods, Functional Food Ingredients and Nuts, Seeds & Spices.

The primary factors of the residue testing market drivers are strict food safety regulations and global movement of organic revolution. The residue testing market report helps to provide the best results for business enhancement and business growth. It further helps to obtain the reactions of consumers to a novel product or service. It becomes possible for business players to take action for changing perceptions. It uncovers and identifies potential issues of the customers. It becomes easy to obtain the reactions of the customers to a novel product or service. It also enlightens further advancement, so it suits its intended market.

The residue testing market research report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is predicted to have the significant share in the residue testing market by 2027, and it is expected to grow at a rapid pace in the following years. 

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The important profiles and strategies adopted by the residue testing market key players are SGS SA, Intertek Group plc., Eurofins Scientific, Bureau veritas S.A., ALS Limited, Neogen Corporation, Idexx Laboratories, AsureQuality, Charm Sciences, Inc., Microbac Laboratories, Inc., Unisensor is covered here to help them in strengthening their place in the market.

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