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.
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A. North America Baby Food Product Market
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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