by Agricultural testing involves examining soil, water, feed, fertilizer, seeds and plants to inspect their quality and detect the presence of pathogens and contaminants. It helps farmers and food producers ensure optimal composition of nutrients in soil and detect bacterial and fungal infestation at an early stage. With the rising health and environmental consciousness, demand for organically produced and chemical-residue free food has surged significantly.
The global Agricultural Testing Market is estimated to be valued at US$ 7.03 Mn in 2024 and is expected to exhibit a CAGR of 8.1% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.
Market Key Trends:
The organic food sector has witnessed an average annual growth rate of over 10% globally in the past few years. Strict regulations governing organic certification and labeling have created the need for regular agricultural testing of soil, water and crop samples. Technological advancements have further enabled development of portable and micro-scale testing devices which can provide rapid results. Wider adoption of these easy-to-use on-field testing kits is expected to support market expansion over the forecast period.
SWOT Analysis
Strength: The agricultural testing market is driven by growing food safety concerns which increase demand for testing services.
Weakness: High costs of testing equipment and services can be prohibitive for some growers and producers.
Opportunity: Emerging economies with growing populations and incomes represent new potential markets for agricultural testing providers.
Threats: Environmental regulations and compliance issues pose challenges around contaminants and restricted substances.
Key Takeaways
The Global Agricultural Testing Market Size is expected to witness high growth over the forecast period from 2024 to 2031 as concerns around food safety intensify.
Regional analysis indicates North America currently dominates the agricultural testing market due to stringent food safety laws and protocols. However, Asia Pacific is projected to be the fastest growing region due to rising meat and crop production to feed burgeoning populations with higher disposable incomes in countries like China and India.
Key players operating in the agricultural testing market are DEXIS (KaVo Kerr),SGS SA, Eurofins,Intertek,andTUV Nord Group. These companies provide a wide range of analytical testing services for toxins, nutrients, pesticides and heavy metals to support the needs of farmers, food processors and regulatory bodies around the world.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
