Published Date: 2019-08-21 | Pages: Ongoing | Tables: Ongoing | Report ID: 7342 | Industry: Chemical & Material |
Format :
The global antibiotic residue test kits market is foreseen to show advancement in terms of growth due to the rise of deadly animal diseases affecting humans. Antibiotic residue test kits are not only used to measure the safety level of animal-based food but also plant-based food. The need to effectively tackle agro-terrorism that involves the use of bioweapons is predicted to increase the demand for antibiotic residue test kits. Manufacturers are expected to launch products that can provide fast results. They could also add technologically sophisticated features to their products to increase their functionality.
In May 2019, Ringbio, a Chinese manufacturer of rapid tests for food and animal safety, launched a new test kit to detect antibiotic residue in meat products in a simple, sensitive, and quick way. In June 2019, Labtek Services, a UK-based provider of instrumentation and support services to the food and beverage, dairy processing, and farming industries, introduced new adenosine triphosphate (ATP) hygiene monitoring device ENSURE TOUCH. The ATP luminometer can be used for food and beverage and healthcare applications.
Rising Preference for Food Tested for Antibiotic Residue to Increase Sales Growth
High consumer preference for food products that clear antibiotic residue tests is predicted to increase the adoption of antibiotic residue test kits in future. Increasing need to maintain the safety of food products to avoid diseases could push the demand for antibiotic residue test kits even more. Advancement in technology that has allowed manufacturers to develop multidisciplinary products is anticipated to add to the growth of the global antibiotic residue test kits market. Antibiotic residue test kits are increasingly used in veterinary applications apart from food and beverage. This could create additional revenue opportunities for manufacturers.
Manufacturers to Launch Multipurpose Products for Range of Applications
Some of the leading companies competing in the global antibiotic residue test kits market are Thermo Fischer Scientific, DSM, Charm Sciences, PerkinElmer, Labtek Services Ltd., NEOGEN Food Safety, IDEXX Labs, R-Biopharm, Eurofins, and Sciex. In the coming years, manufacturers are anticipated to launch multipurpose products for better antibiotic residue diagnostics. They could also focus on introducing more advanced antibiotic residue test kits for applications beyond examining the safety of animal-based food.
Based on next-gen diode array (DA) near-infrared (NIR) transmission spectroscopy technology, the DA 6200 NIR analyzer was introduced by PerkinElmer in May 2019. The new product will be used by olive and meat processors to ensure enhanced quality and process control.
Important Points to Remember
● Growing need to ensure food safety to augment the demand for antibiotic residue test kits
● Beta-lactams test to account for a substantial market share during the forecast period
● Global antibiotic residue test kits market to show higher growth in the food and beverage industry
● The US and Canada to support North America in collecting a remarkable market share
By Type
● Beta-lactams
● Tetracyclines
● Macrolides
● Aminoglycosides
● Sulfonamides
● Amphenicols
By Application
● Food and Beverage
● Veterinary
● Independent Laboratory
● Others
Among type segments, beta-lactams are forecast to collect a sizable share of the global antibiotic residue test kits market. These tests are largely conducted in the food and beverage industry to detect antibiotic residues in products. They are prognosticated to account for a significant sales share of the global market. Among application segments, food and beverage is foretold to become more prominent during the forecast period. This could be due to the need to ensure the safety of consumers of milk and other dairy products.
By Region
Asia Pacific and Europe are prophesied to exhibit faster growth in the global antibiotic residue test kits market because of heavy presence of dairy companies. North America is likely to secure a commanding market share in the coming years due to high demand in key countries such as the US and Canada. It is also expected to record substantial sales growth in the global market.
Price Analysis
Price analysis is a highly useful tool that manufacturers of antibiotic residue test kits could use to become more familiar with their direct competition. It includes critical competitor data and analysis that allow players operating in the global antibiotic residue test kits market to find out which other companies are affecting their sales. Basically, it helps players to know their obvious and undiscovered market rivals. QYR Consulting strikes the right balance between on-the-ground and desk research to come up with exhaustive and accurate price analysis. The analysts also track online activity of market participants as part of their price analysis.
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