Globalization of trade, strict safety and quality regulations for food and feed, and labeling mandates on GMOs and allergens in food are factors driving growth.
PORTLAND, OR, USA, Nov 18, 2021 /EINPresswire.com/ – According to a new report released by Allied Market Research, titled “Grain Analysis Market by Grain Type, Target Tested, Technology and End Use: Global Analysis and Industry Forecast opportunity, 2021-2030 ”, the global Grain Analysis market size was valued at $ 2,121.6 million in 2020 and is expected to reach $ 3,853.8 million by 2030, registering a CAGR of 6.2% from 2021 to 2030.
Grain analysis is performed using advanced technologies such as immunoassay, agar culture, chromatography and spectrometry. All these technologies make it possible to detect and maintain the quality of cereals and legumes.
The increase in food adulteration owing to the strong competition and increasing incidence of food fraud around the world is the major factor driving the growth of the global cereal analysis market during the forecast period.
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Various regulations on food safety and quality, especially in developed economies, and the growth of food fraud cases, due to strong competition among food producers, are boosting the market for grain testing.
According to the Analysis of Grain Analysis Market, the market is categorized on the basis of grain type, tested target, technology, end use, and region. By grain type, the market is segmented into grains, oilseeds and pulses. Increased use of cereals in food and feed industries resulted in highest revenue generation in 2020. Based on tested targets, Cereal Analysis market is separated into Pathogens, Pesticides , GMOs (genetically modified organisms), mycotoxins and others. Pathogens were the highest source of income as the detection and analysis of pathogens is very important in the grain testing process.
By Technology, the market is categorized into Agar Culture, Practice, Polymerase Chain Reaction (PCR), Immunoassay, and Chromatography & Spectrometry. Polymerase chain reaction (PCR) holds the largest market share in 2020, due to its speed, efficiency and low cost. In terms of end use, the grain analysis market is fragmented into food industry and animal feed industry. Food industry holds the largest grain analysis market share in 2020 as grain analysis is gaining ground in the market due to easy availability and wide application of grains in food industry .
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Regionally, the grain analysis market is segmented into North America, Europe, Asia-Pacific, and LAMEA. North America generated the highest revenue in 2020 and is expected to dominate the market during the forecast period.
The COVID-19 pandemic has had a moderate impact on the growth of the grain testing market. The disruption of the supply chain has had a negative impact, while the health awareness of consumers has positively impacted the grain analysis market. This has influenced the market demand for grain analysis.
The grain analysis market is expected to gain popularity during the forecast period, owing to the increasing consumption of food grains and increasing production of food grains. In addition, climatic conditions favorable to the production of food grains will also have a significant impact on the market. Factors and trends in the grain analysis market such as population growth, urbanization, increase in disposable income, and rising standard of living are driving the growth of the grain analysis market .
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The Asia-Pacific region is the fastest growing segment in the global grain analysis market. The variety of food grains such as wheat, millet, rice, and corn are widely consumed in India. This factor offers a lucrative opportunity for the expansion of the grain analysis market. The Asia region is considered the dominant region for rice production accounting for around 90%, according to the Food and Agriculture Organization (FAO). Rising health awareness and increasing investment for research and development (R&D) activities are factors contributing to the growth of the Asia-Pacific grain analysis market.
However, the high cost of grain safety and quality testing, the lack of food control infrastructure in developing economies, the complexity of testing techniques, and the lack of harmonized regulations are expected to hamper the growth of the industry. grain analysis industry.
The major players operating in the grain analysis industry are Alex Stewart International, ALS Limited, Eurofins Scientific, Genetic ID NA, Inc., Intertek Group plc, Mérieux NutriSciences, Neogen Corporation, Romer Labs Division Holding GmbH, SGS SA and Symbio Laboratories. These major players have adopted various strategies to expand their reach in the market globally.
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Main conclusions of the study
The global grain analysis market size was valued at $ 2,121.6 million in 2020 and is expected to reach $ 3,853.8 million by 2030, registering a CAGR of 6.2% from 2021 to 2030 .
By grain type, the grains segment was the largest contributor to the market, with $ 1,503.1 million in 2020, and is expected to reach $ 2,690.5 million by 2030, with a CAGR of 6, 0% over the forecast period.
By target tested, the pathogen segment was the largest contributor in the market, with $ 877.3 million in 2020, and is expected to reach $ 1,549.1 million by 2030, with a CAGR of 5.9% during the forecast period.
By technology, the polymerase chain reaction segment has been the largest contributor to the market, with $ 1,019.0 million in 2020, and is expected to reach $ 1,804.1 million by 2030, at a CAGR by 5.9% over the forecast period.
In terms of end-use, the food industry segment was the largest contributor to the market, with $ 1,346.9 million in 2020, and is expected to reach $ 2,429.6 million by 2030, at a 6.1% CAGR during the forecast period.
By region, North America was the largest contributor of revenue, accounting for $ 897.2 million in 2020, and is expected to reach $ 1,513.1 million by 2030, with a CAGR of 5.4% .
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