- Pesticide Residues
- Food Allergens
- Veterinary Drugs
- Heavy Metal
North America Residue Testing Market was valued at USD 1,323.9 million in 2022 and is poised to grow at a CAGR of 6.0% from 2023 to 2029. The adoption and application of strict food safety rules, such as the zero-tolerance policy for Listeria contamination, has fuelled the growth of residue testing. The new Food Safety Modernization Act (FSMA) laws will have a significant impact on the food sectors in North America as consumers demand greater transparency regarding food safety. With recent revelations of arsenic in apple juice and acrylamide in processed potatoes and cereals, consumer awareness of u.s specialty oleochemicals tests is growing. In 2021, pesticide residue had a market revenue share of 27.9%, and from 2022 to 2028, it is predicted to increase at a CAGR of 5.4%, increasing awareness of food testing. By technology, chromatography-based testing has a market share of 31.3% and is expected to increase at a CAGR of 6.1% in the future years. However, the lack of standardization and inappropriate standard of sample collection hampers the residue testing market.
The residue testing market is surging owing to frequent acquisitions and launchings by the market players. Strategic alliances by the players, such as acquisitions, mergers, expansions, and new product launches, may enhance the companyâ€™s growth. In June 2018, Bureau Veritas is pleased to announce the new addition of highly sophisticated analytical services for â€œResidues & Contaminantsâ€Ãƒâ€šÃ‚Â in food and beverage samples at their Food & Water Testing Laboratory. This method is recognized worldwide for detecting and accurately quantifying various food risks, including newly discovered and emergent food-related problems.
The north america residue testing market is projected to expand at a CAGR of 6.3% during the forecast period
SGS SA, Intertek Group plc, Eurofins Scientific, Bureau veritas S.A., ALS Limited, Neogen Corporation, Idexx Laboratories, AsureQuality, Charm Sciences, Inc., Microbac Laboratories, Inc., Unisensor