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The Infant Formula Testing Market is expected grow at a CAGR of 6.9% to reach revenue of $20.26 billion by 2023

Published By : IndustryARC | Published On : 2018-09-10
According to the new market research report by IndustryARC titled “Infant Formula Testing Market: By Test Type (Allergens Testing, Adulteration Testing, Nutritional Analysis, Microbiology Testing), By Technology (NMR Spectroscopy, PCR, Chromatography, Mass Spectrometry, Immunoassay) & By Geography-Forecast(2018-2023)”, the market is driven By the growing infant population across the globe, increase in the number of infant formula products and strict regulations. 

Browse 51 Market Tables, 176 Figures spread through 141 slides and an in-depth TOC on “Infant Formula Testing Market (2018 - 2023)

Asia Pacific dominates the Infant Formula Testing Market during the Forecast Period

Asia-Pacific holds a major share in the Infant Formula Testing Market, followed by Americas. Rest of the world includes Middle East and Africa. Increase in product introductions and establishment of new regulations drives the growth of RoW. The Asia-Pacific region is driven by large economic developments in China and other developing countries.  China is the largest market in Asia-Pacific, with a share of 26.5% in the market. Asia Pacific will experience a growth of $53.4 million by 2023 with a CAGR of 7.9%. 

Americas has a huge penetration of baby formula ingredients which drives the need for adulteration testing to be carried out, so that contamination is avoided and labelling is enhanced through proper nutritional analysis. 

Selected Analysis done in the full Report:

NMR Spectroscopy or Nuclear Magnetic Spectroscopy is a testing technique in which the nucleus of an atom absorbs the magnetic field and emits electromagnetic field. It can detect adulterants such as melamine, dicyandiamide, protein hydrolysates added into the milk or milk powder for enhancing the protein level. It even improves the detection of addition of sugar in honey. 

NMR Spectroscopy can also detect fat content in baby food that is responsible for illnesses conditions related to heart or other concerns. It holds importance in fat labelling. The targeted information of NMR consists of quantification of defined compounds, whereas non-targeted information consists of identification of deviation from typical spectral patterns. 

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Excerpts on Market Growth Factors:

Stringent regulations on the infant formula products enhances microbiology and allergen testing. This factor will drive the growth of the infant formula testing laboratories during the forecast period. 
Growing focus on nutritional labelling will also boost the demand for infant formula testing requirements. 
The aim to reduce adulteration products will benefit the Infant Formula Testing Market in the coming years. 
Presence of rapid resting methods drives the growth of infant formula testing products.     

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Key players of the Infant Formula Testing Market: 

SGS is one of the leading players in the Infant Formula Testing Market. Bureau Veritas has also developed its business and expanded its activities to other end industries in ten geographical regions, covering more than 1 million customers. 
SGS provides services such as Microbiology testing and contaminant testing.  Microbiology testing service can find pathogens present in the food for safety of the product. In contaminant testing, many restricted substances are tested to identify food borne diseases, chemical and microbiological hazards. This is done to ensure that the products are in accordance with the regulations. 
Bureau Veritas, established in 2013 acquired Maxxam, a leading food analytics service provider in Canada to enhance its market share in the region. The company provides inspection and laboratory testing service for all types of commodities. 

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