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Residue Testing Market Projected to Register 6.9% CAGR through 2030

Global residue testing market will register robust growth at approximately 6.9% CAGR over the forecast period (2020-2030). Food & beverages application in particular continues to provide the thrust to market growth. Global organic revolution is the key factor boosting the demand for residue testing across the globe. On that premise, the global residue testing market hit approximately US$ 3.5 Bn in 2019, concludes the FMI report.<br>u201cStringent regulations imposed by government on food safety protocols are projected to bode well for the residue testing market. Moreover, recent technological advancements are working in favor of the market. Food industryu2019s expansion will further augment the demand for residue testing during the forecast period,u201d finds FMI in a new study.<br>

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Residue Testing Market Projected to Register 6.9% CAGR through 2030

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  1. Residue Testing Market March 2020 Report Id : REP-GB-2083 Published On : Mar 9,2020 Category : Food and Beverages www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights © 2019 Future Market Insights, All Rights Reserved www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights © 2019 Future Market Insights, All Rights Reserved

  2. About Future Market Insights Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, aerial view of the competitive framework, and future market trends. We provide research services at a global as well as regional level; key regions include GCC, ASEAN, and BRIC. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare, and Retail. We have a global presence with delivery centers across India specializing in providing global research reports and country research reports. FMI is headquartered out of London, U.K., with a state-of-the-art delivery center located in Pune, India. We combine our knowledge and learning from every corner of the world to distill it to one thing – the perfect solution for our client. Research Capabilities Sector Coverage             Customized Research Syndicated Research Investment Research Social Media Research Automotive and Transportation Electronics, Semiconductor, and ICT Retail and Consumer Products Industrial Automation and Equipment Chemicals & Materials Food and Beverages Services and Utilities Energy, Mining, Oil, and Gas Customized Research Syndicated Research Investment Research Social Media Research Subscription Information For detailed subscription information please contact Hari. T (Sr. Manager - Global Business Development) T: +44 (0) 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 2 © 2019 Future Market Insights, All Rights Reserved

  3. Research Methodology (1/2) Systematic Research Approach 1 In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. Research & Intelligence Data Collection Data Filter & Analysis Actionable Insights Business Solution Market profiling 2 FMI formulates a detailed discussion guide to conduct expert and industry interviews     Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain Formulating discussion guide 3 A FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts Primary Research       Key industry experts Developing list of respondents Channel study B Developments 4 FMI conducts interviews with industry experts, industry players, distributors and retailers SOLUTION Desk Research Market dynamics Data collection Products      Market participants C Conclusions Key strengths Company Analysis Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data 5 Product portfolio Data validation Mapping as per value chain Key focus segments 6 Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry Data analysis Primary Research # Secondary Research # Paid Publications#           Linkedin Zoominfo Salesforce Avention Company websites Company annual reports White papers Financial reports Factiva GBI Genios Meltwater 7 FMI delivers industry insights and information in the required format (PDF) Insights   # includes sources of databases www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 3 © 2019 Future Market Insights, All Rights Reserved

  4. Residue Testing Market Analysis Global residue testing market will register robust growth at approximately 6.9% CAGR over the forecast period (2020-2030). Food & beverages application in particular continues to provide the thrust to market growth. Global organic revolution is the key factor boosting the demand for residue testing across the globe. On that premise, the global residue testing market hit approximately US$ 3.5 Bn in 2019, concludes the FMI report. “Stringent regulations imposed by government on food safety protocols are projected to bode well for the residue testing market. Moreover, recent technological advancements are working in favor of the market. Food industry’s expansion will further augment the demand for residue testing during the forecast period,” finds FMI in a new study. Key Takeaways of Residue Testing Market Study Pesticide residue continues to be the leading end-use segment through 2029. Majority of demand for residue testing is concentrated in food & beverages industry. Europe holds the leading revenue share in the global residue testing market. Asia Pacific Excluding Japan (APEJ) is projected to witness prolific growth rate during the forecast period. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 4 © 2019 Future Market Insights, All Rights Reserved

  5. Residue Testing Market Analysis Residue Testing Market – Key Growth Factors • Growing prevalence of residue testing in agricultural crops and pet food is pushing the market growth. • Higher predilection of consumers towards health and wellbeing is catalyzing the growth of residue testing market. • Specialist diets are witnessing soaring demand among consumers thereby propelling the market growth. • Packaged foods have grained traction on account of hectic lifestyle and shifting consumer choices thereby fuelling the market growth. Residue Testing Market – Key Restraints • Crop producers in underdeveloped regions have limited knowledge about residue testing which is obstructing the growth of market. • Lack of food control infrastructure in developing countries is a significant roadblock to market growth. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 5 © 2019 Future Market Insights, All Rights Reserved

  6. Residue Testing Market Analysis Competitive Landscape Prominent players profiled in this FMI study include, but are not limited to, ALS Limited, Eurofins Scientific, Silliker Inc., Charm Sciences Inc., Neogen Corporation, Microbac Laboratories Inc., Bureau Veritas S.A., and Centers for Disease Control and Prevention (CDC). Industry leaders must invest their efforts in high-growth regions such as Asia Pacific which holds remunerative opportunities in foreseeable future. Greater reliance of emerging Asian economies on agricultural commodity is to be attributed for this growth. Press Release Source: https://www.globenewswire.com/news- release/2020/03/24/2005507/0/en/Demand-for-Residue-Testing-Accounted-for-US-3-5- Bn-in-2019-Sales-Concentrated-in-F-B-Industry-Future-Market-Insights.html www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 6 © 2019 Future Market Insights, All Rights Reserved

  7. Residue Testing Market Analysis More from FMI’s Food and Beverages Market: • Clean Label Ingredients Market • Beverage Stabilizer Market • Revivable Yeast Market • About Future Market Insights (FMI) Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI’s largest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Click here to Order a free sample www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 7 © 2019 Future Market Insights, All Rights Reserved

  8. Residue Testing Market Analysis Contact Mr. Abhishek Budholiya Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A, Jumeirah Lakes Towers, Dubai, United Arab Emirates MARKET ACCESS DMCC Initiative For Sales Enquiries: sales@futuremarketinsights.com For Media Enquiries: press@futuremarketinsights.com Future Market Insights www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 8 © 2019 Future Market Insights, All Rights Reserved

  9. To know more about us, please visit our website: www.futuremarketinsights.com For sales queries or new topics email us on: sales@futuremarketinsights.com For media queries, contact the press office at press@futuremarketinsights.com For other queries contact: Hari. T (Sr. Manager - Global Business Development) Future Market Insights: 3rd Floor, 207 Regent Street, London W1B 3HH T: +44 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com Future Market Insights Global & Consulting Private Limited (FMI) Thank You www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 9 © 2019 Future Market Insights, All Rights Reserved

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