(Entertainment-NewsWire.com, September 05, 2018 ) Dairy Testing market size will grow from USD 3.82 Billion in 2017 to USD 6.04 Billion by 2023, at an estimated CAGR of 7.9%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
The market is driven by the increase in outbreaks of foodborne illnesses, globalization of dairy trade, and stringent safety & quality regulations for food. The dairy testing market, based on type, has been segmented into safety testing & quality analysis. The safety testing segment dominated this market in 2017 and is also projected to be fastest-growing during the forecast period. This is attributable to the significant emphasis being laid on safety testing of food output with regulatory authorities focusing on addressing regulatory loopholes, preventing adulteration, malpractices, and labeling mandates. The dairy testing market, by technology, has been segmented into traditional and rapid. The rapid technology segment dominated the market in 2017 and is projected to be the fastest growing by 2023. Low turnaround time, higher accuracy, sensitivity, and the ability to test a wide range of contaminants in comparison to traditional technology are the reasons for the growth of the rapid technology segment.
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