Pet Food Testing Market 2024-2033 : Industry Analysis, Size,

Pet Food Testing Global Market Report 2024

“The Business Research Company recently released a comprehensive report on the Global Pet Food Testing Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company’s, The pet food testing market size has grown strongly in recent years. It will grow from $7.63 billion in 2023 to $8.18 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to growing concerns about pet health and nutrition, growth in pet food manufacturing facilities, rising prevalence of food allergies in pets, increase in disposable income, demand for transparency in pet food labelling.

The pet food testing market size is expected to see strong growth in the next few years. It will grow to $10.89 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to increased pet ownership and humanization of pets, growing awareness of providing quality and packaged pet food, shift towards direct-to-consumer pet food sales models, increasing consumer preference for purchasing from trusted brand portals, demand for compliance with high food safety standards. Major trends in the forecast period include technological advancements in testing methods, adoption of novel ingredients in pet food formulations, expansion of veterinary diagnostics and health services, advances in genetic testing for personalized pet nutrition, integration of blockchain technology for traceability.

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Market Drivers and Trends:

The rising pet ownership is expected to propel the growth of the pet food testing market going forward. Pets are domesticated animals kept by humans for companionship, entertainment, and sometimes for assistance in specific tasks. The rise is due to growing awareness of the emotional and health benefits pets provide, along with changing social and demographic trends that favor companionship and support from animals. Pet food testing is required to ensure the safety, nutritional adequacy, and quality of pet food, protecting pets from harmful substances and ensuring they receive essential nutrients for their health and well-being. For instance, in October 2022, according to a report published by the American Veterinary Medical Association, a US-based non-profit organization, there was a 29% increase in the proportion of families with at least one cat in 2022. For households with one dog, the cost of veterinarian services rose to $362 annually, while the average yearly cost of veterinary visits for households with cats was $321. Therefore, the rising pet ownership is driving the growth of the pet food testing market.

Major companies operating in the pet food testing market are developing technologically advanced products, such as Salmonella testing kits, to ensure the safety and quality of pet food and detect contaminants quickly and accurately, helping manufacturers comply with stringent safety regulations. A Salmonella testing kit is a diagnostic tool used to detect the presence of Salmonella bacteria in food, water, or environmental samples through specific biochemical reactions or immunoassays. For instance, in March 2022, PerkinElmer Inc., a US-based provider of technology and service solutions, launched the Solus One testing kit. The Solus One Salmonella testing kit by PerkinElmer is designed for use on both dry and wet finished pet foods for dogs, cats, rabbits, hamsters, and guinea pigs, delivering rapid results within 24 hours. It holds AFNOR certification to ISO 16140 against ISO 6578-1:2017, ensuring reliable and precise outcomes. The kit supports manual use or integration into automation with Dynex Technologies’ DS-2 system, offering increased throughput and cost-effective training compared to PCR methods. Additionally, it features result confirmation through culture and latex processes, boasts a compact design with reduced consumable usage, and is packaged in a recyclable box.

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Major Key Players of the Market:

Mars, J.M. Smucker Co., Nestlé Purina Petcare, Eurofins Scientific SE, SGS SA, Bureau Veritas, Unicharm Corp., Intertek Group Plc, Royal Canin, Mérieux NutriSciences Corporation, AGROLAB, Hill’s Pet Nutrition Inc., Kemin Industries Inc., Neogen Corporation, Hartz Mountain Corporation, Diamond Pet Foods Inc., Nutro Co., Laroy Group, Iams Co., Lupus Alimentos, Deuerer, United Petfood, Tentamus Group GmbH, Alex Stewart Agriculture Ltd., Big Heart Pet Inc.

Pet Food Testing Market 2024 Key Insights:

• The pet food testing market size is expected to see strong growth in the next few years. It will grow to $10.89 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.

• Increasing Pet Ownership Propels The Pet Food Testing Market

• Technological Advancements In Salmonella Testing Kits For Pet Food

• North America was the largest region in the pet food testing market in 2023

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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC’s consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.

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