Antibiotic Residue Test Kits Market Gaining Traction as a Food Safety Measure: Fact.MR
Surging demand for beta-lactams to detect antibody residues in food and beverages derived from animal and stringent food safety measures have been driving antibiotic residue test kits sales.
Fact.MR, Rockville MD: Antibiotic residue test kits market is estimated to show a strong rise, driven by growing awareness regarding requirements for healthy and safer food items especially diary, food and beverages product. According to market research firm Fact.MR, some of the key players in the diary, food and beverages industries are investing in antibiotic residue diagnostic domain thanks to growing preference among consumer for product cleared by the residue test. As a direct consequence, the global antibiotic residue test kits market is forecast to exhibit 6.2% CAGR.
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“There is increasing emphasis on exploring untapped opportunities among antibiotic residue test kits market players. As they aim for competitive advantage, their focus on advanced antibiotic residue diagnostics such as multipurpose test kits will increase, assisting them in increasing the global production,” said a lead analyst at Fact MR
Antibiotic residue test kits market – Key findings
- Worldwide sales of antibiotic residue test kits are estimated to be worth around US $295 Mn.
- Beta-lactam test kits will encompass 33% of total global antibiotic residue test kit sales by 2026.
- Demand from veterinary end-use of antibiotic residue test kits will rise at 6.7% CAGR
- Rapid adoption of tetracycline tests and use of its kits will generate $50 Million worth of revenue by the end of forecast period.
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Antibiotic residue test kitsmarket– Key Driving Factors
- Introduction of anti-infection principles and increasing focus for restricting the growth of microorganisms in food and beverage are drivers.
- Availability of a wide range of antibiotic residue test kits for dairy industry is contributing towards increase in sales.
- Integration of antibiotic residue test kits at the veterinary end will bolster the demand for advanced antibiotic residue test kits.
Antibiotic residue test kits market – Key Restraints
- Misuse of antibiotics and improper dosage have led many countries to incorporate various immunological, microbial and analytical methods of testing the diary products has led to decline in Antibiotic residue test kits market demand.
- Slow testing rate or high testing time taken by the kits are also one of the primary reason for decrease in Antibiotic residue test kits market demand
Antibiotic residue test kits market – Covid-19 Impact
China is the leading manufacturer of antibiotic residue test kits and due to COVID-19 outbreak; China closed its trading routes leading to supply chain disruption and kits shortage.
The antibiotic residue test kits market is expected to recover steadily as relaxation in lockdown restrictions are being provided and manufacturers developing faster multipurpose testing kits.
Some of the leading antibiotic residue test kit manufacturing are Perkin Elmer (BioScientific Corp), NEOGEN Food Safety, Thermo Fischer Scientific,Labtek Services Ltd.,R-Biopharm, Eurofins, Sciex, Charm Sciences, DSM ,and IDEXX Labs.
The key market players are prioritizing the incorporation of advance testing methods and shortening the testing in Antibiotic residue diagnostics domains. They are also actively developing multi-purpose testing kits with higher accuracy and quick response time.
More Insights on the Antibiotic Residue Test Kits Market
In its latest report, Fact.MR offers unbiased analysis of the global antibiotic residue test kits market. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of test type (beta-lactams, macrolides, tetracycline, Amino-glycosides, Amphenicols, and Sulfonamides) and end user (food and beverages industry, veterinary, and independent laboratory) across six regions (North America, Latin America, Europe, Japan, Asia Pacific excluding Japan, and Middle East & Africa).
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