From 2023 to 2033, the antibiotic residue test kits market, currently valued at US$184.5 million, is anticipated to expand at a 6.1% CAGR. As a result, it is anticipated that the global market would be valued US$ 333.4 million by the end of 2033.
Antibiotics are commonly detected in food products obtained from animals using diagnostic methods. Throughout the projection period, advancements in food technology and antibiotics detection are anticipated to have a major impact on the sales of antibiotic residue test kits. Rising awareness of the benefits of using antibiotic residue test kits is predicted to promote market expansion in the future.
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Key Pioneers
- IDEXX Labs
- Thermo Fischer Scientific
- Labtek Services Ltd.
- NEOGEN Food Safety
- DSM
- Charm Sciences
- Eurofins and Sciex
- Perkin Elmer (BioScientific Corp)
- R-Biopharm
Key Driving Forces Accelerating the Market Growth
- With growing awareness about the risks associated with antibiotic residues in food products, there is a rising concern among consumers, regulatory bodies, and food manufacturers about food safety. This has led to an increased demand for antibiotic residue test kits to ensure the safety and quality of food products.
- Governments and regulatory bodies across the globe have implemented strict regulations and standards regarding antibiotic residues in food products. For instance, the European Union has set maximum residue limits (MRLs) for antibiotics in food products. Compliance with these regulations has become crucial for food manufacturers, which has resulted in the increased adoption of antibiotic residue test kits.
- The livestock industry, including poultry, swine, and cattle, has witnessed significant growth in recent years. As antibiotics are commonly used in animal husbandry to prevent and treat diseases, there is a growing need to monitor and control antibiotic residues in animal-derived products. This has boosted the demand for antibiotic residue test kits in the livestock industry.
- Consumers are becoming more conscious about the quality and safety of the food they consume. There is a growing preference for organic and antibiotic-free products. To meet this demand, food producers and processors are increasingly adopting antibiotic residue testing to ensure their products meet the desired standards and labels, such as organic, antibiotic-free, or raised without antibiotics.
How competition influences the market
Key companies in the market should focus on launching advanced kits with better features to establish a strong market share. Moreover, competition encourages manufacturers to differentiate their products from competitors. They strive to develop unique features, improved performance, and advanced technologies in their test kits to attract customers.
- For instance, In June 2021, Royal DSM announced the launch of an automated system to optimize antibiotic residue detection in milk. Moreover, Delvotest was launched to work with the company’s previously launched products.
Industry Research Segmentation
- By Test Type:
- Beta-lactams
- Macrolides
- Tetracycline
- Aminoglycosides
- Amphenicols
- Sulfonamides
- By End Use:
- Food & Beverages
- Veterinary
- Independent Laboratories
- Others
- By Region:
- North America
- Latin America
- Europe
- APAC
- MEA
What differences can the antibiotic residue test kits report make on the revenue impacts and strategies of businesses?
Fact.MR strives to provide comprehensive assessments of opportunities in various regions and technology segments. The study also offers an uncluttered data-driven insights into the growth avenues of the Antibiotic residue test kits and all its segments. Some of the ways the study can make a discernible impact are by offering evidence-based perspectives on:
- Attractiveness quotient of emerging product/technology types in various products in the Antibiotic residue test kits.
- Micro-economics factors that may hamper the prospects of some of the key segments.
- Recent spate of research and development (R&D) funding on key Antibiotic residue test kits.
- New business models paving way for disruptions in demand dynamic of key segments.
- Regional markets that will be future engine of growth and the industry trends that will support these markets.
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