(Entertainment-NewsWire.com, September 19, 2018 ) According to Verified Market Intelligence, the global feed testing market was valued at USD 1.72 billion in 2016 and is projected to reach USD 3.12 billion by 2025, growing at a CAGR of 6.8% from 2017 to 2025.
Feed testing is the process of achieving an appropriate balance among the available feed ingredients. The main goal of this feed program is to check the contamination level in the feedstock of animals. In order to perform successful feed testing, one needs the information about the nutrient content of the feed ingredients. There is numerous variation in nutrient composition between different feeds.
Rising demand for high-quality animal feed and rising operational costs of feed production has been driving the global feed testing market. On the other hand, lack of awareness about feed regulations and the high cost and extensive sample preparation might hinder the overall growth at a global level.
Competitive Landscape:
The major players in the market are as follows:
Silliker Inc. Adpen Laboratories Inc. SGS SA Bureau Veritas SA Romer Labs Eurofins Scienific R J Hill Laboratories Ltd. Genon Laboratories Ltd. Intertek Group PLC Institut Fir Produktqualitat GmbH
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