One of the most severe issues faced by infants is malnutrition especially since their bodies are deprived of essential nutrients in that tender age. Providing them with adequate nutrition is mandatory lest the statistics for infant malnutrition continue to rise. This has instigated a need for careful laboratory tests of infant formula that ensures the quality of the product, according to a recent business intelligence report published by IndustryARC. According to the report, the infant formula testing market is well established with an evaluated CAGR of 6.9% through to 2023. With this growth rate, the market will earn a revenue of $20.34 billion during the forecast period of 2018-2023.
The IndustryArc report titled
‘Infant Formula Testing Market: By Type (polyamide, ABS, ASA, PET, PBT,
others); By Vehicle (HEW, PHEV, BEV); By Applications (cooling pipes, fans,
reinforcement, battery packs structures & cells); By Geography - Forecast
(2018-2023)’ contains information in detail about how infant formula testing
market is being supported by the government and how testing has become an imperative norm in
the current scenario.
Infant Formula Testing Market: Regional
Analysis
The infant formula testing market has been dominated by the APAC region with revenue earned evaluated at $5.3 billion in 2018. Furthermore, the analyst this region will continue to generate revenue with a CAGR of 7.7% through to 2023. Several factors are collectively responsible for this development. Infant formula testing market requires a continuous supply of raw material which is abundant in China and India. Another reason is the right kind of promotion that is done in APAC countries which feature raising concerns pertaining to the lack of right nutrition in infants. South-east countries including India, China, Japan, Thailand, Singapore, and others will be impactful on this market with their ongoing transformation in the economy.
Infant Formula Testing Market: Disruptive
Trends
· Enzyme
Immunoassay Technology
Elisa Technologies, a
North America based key market player provides various kinds of testing
services and testing kits for monitoring food adulteration. The primary
technology used in infant formula testing market is ELISA- Enzyme Linked
Immunosorbent Assay which is used as a diagnostic for measuring nutrient
content especially protein.
· Measurement
of Hypersensitivity
Around 80% of infants
are susceptible to allergy especially on experiencing a change from mother’s
milk to animal milk owing to the bacteria and enzymes present in it. Key market
players have developed technologies to measure the level of hypersensitivity
that an infant might experience after coming in contact with different kinds of
milk. This has been done to increase the sales of infant formula by removing
hypersensitive allergens from it.
Infant Formula Testing Market: Competitive
Landscape
The infant testing formula
market has attained considerable growth in the recent past owing to several
efforts made by key market players. They have invested resources in
construction of laboratories, auditing, and obtaining certification. Some of
these key market players include Bureau Veritas S.A., Elisa Technologies,
Eurofins Scientific S.E., Intertek Group PLC, SGS SA, Agilent Technologies,
Inc., Covance Inc., Thermo Fisher Scientific Inc., Silliker, Inc., and Accugen
Laboratories, Inc.
Talk to one of our sales representative about the full
report by providing your details in the link below:
https://www.industryarc.com/support.php?id=228
Related
Reports:
A. North
America Baby Food Product Market
https://www.industryarc.com/Report/7520/North-america-baby-food-product-market.html
What
can you expect from the report?
The
infant formula testing market report is prepared with the main agenda to
cover the following 20 points:
1.
Market Size by Product Categories & Applications
11. Demand Analysis (Revenue & Volume)
2.
Market trends & Relevant Market
Data
12. Country level
Analysis
3.
Manufacturer
Landscape
13. Competitor
Analysis
4.
Distributor Landscape
14. Market
Shares Analysis
5.
Pricing Analysis
15. Value
Chain Analysis
6.
Top 10 End user Analysis
16. Supply
Chain Analysis
7.
Product Benchmarking
17. Strategic
Analysis
8.
Product Developments
18. Current
& Future Market Landscape
Analysis
9.
Mergers & Acquisition Analysis
19.
Opportunity Analysis
10.
Patent Analysis
20.
Revenue and Volume Analysis
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reports and annual subscription databases. We can provide the following free
customization:
1.
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2.
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3.
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supply chain analysis can be requested for a country or end use segment.
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About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.