Antibiotic Residue Test Kits Market
Antibiotic Residue Test Kits Market Study by Beta-lactams, Macrolides, Tetracycline, and Aminoglycosides from 2023 to 2033
Analysis of Antibiotic Residue Test Kits Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Antibiotic Residue Test Kits Market Outlook (2023 to 2033)
The global antibiotic residue test kits market size is currently being valued at US$ 184.5 million in 2023, and is projected to reach US$ 333.4 million by 2033-end, growing at a CAGR (Compound Annual Growth Rate) of 6.1% during the forecast period from 2023 to 2033.
Diagnostic kits are widely used in the detection of antibiotics in food products that are derived from animals. Advancements in food technology and antibiotics detection are anticipated to primarily promulgate sales of antibiotic residue test kits across the forecast period. Growing awareness regarding the benefits associated with the use of antibiotic residue test kits is also expected to bolster market development in the future.
The growing population around the world has resulted in heightened demand for food products, which is predicted to notably augment antibiotic residue test kit shipments over the coming years.
rising investments in the food industry, implementation of stringent food safety standards, advancements in residue testing, the advent of rapid antibiotic test kits, growing number of pets, rising focus on food safety, and growing demand for animal-derived food products are other factors that could potentially boost demand for antibiotic residue test kits going forward.
Antibiotic test kits for milk are exhibiting high sales at present and are projected to maintain a similar stance through 2033. On the contrary, lack of awareness regarding the use of antibiotic residue test kits and the growing popularity of veganism are trends that could hinder antibiotic residue test kit sales in the long run.
Shipments of antibiotic residue test kits in the Asia Pacific region are anticipated to witness a notable hike throughout the forecast period owing to the increasing production of animal-derived food products and the implementation of stringent food safety mandates by governments and regulatory authorities.
This new antibiotic residue test kits market research analysis by Fact.MR, a market research and competitive intelligence provider, presents a comprehensive account of trends such as product standards, new developments, supply chain management, local supply, etc., to provide a realistic current and forecasted assessment of the global industry.
| Report Attributes | Details |
|---|---|
| Antibiotic Residue Test Kits Market Size (2023) | US$ 184.5 Million |
| Projected Market Value (2033F) | US$ 333.4 Million |
| Global Market Growth Rate (2023 to 2033) | 6.1% CAGR |
| Growth Rate of Veterinary Segment (2023 to 2033) | 6.5% CAGR |
| Food & Beverages Segment Revenue (2033F) | >US$ 200 Million |
| Beta-lactams Segment Market Share (2033F) | ~34% |
| Key Companies Profiled | IDEXX Labs; Thermo Fischer Scientific; Labtek Services Ltd.; NEOGEN Food Safety; DSM; Charm Sciences; Eurofins and Sciex; Perkin Elmer (BioScientific Corp); R-Biopharm |
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Which Aspects are Shaping Future Antibiotic Residue Test Kit Demand?
“Increasing Pet Ownership across Regions”
Pet ownership has witnessed an ascending trend around the world in recent years and this is projected to influentially shape shipments of antibiotic residue test kits over the next ten years.
Increasing disposable income, a growing number of companion animals, and the rising popularity of exotic pets are other factors that are anticipated to contribute to rising pet ownership in the future. Increasing investments in veterinary care are then projected to uplift antibiotic residue test kit sales going forward.
“Growing Worldwide Meat Consumption”
Meat has been seen as a very good source of protein for a long time and most animal-derived products are popularized as the most protein-rich foods that one can have in their diet. Increasing awareness regarding the benefits of meat consumption and the growing availability of different meat delicacies are projected to primarily boost consumption of all types of meats over the coming years.
Animals are often given vaccines and other medications to save them from diseases and keep them healthy. Some of the residual amounts of these medications stay in the animal-based product and could be harmful if consumed by humans, which is why antibiotic residue test kits are used.
Despite the growing popularity of veganism and increasing consumption of plant-based products, meat consumption has been witnessing an upward trend and is projected to continue to do so over the coming years as well.
- As per the statistics listed on The World Counts website, global meat consumption is estimated to be between 460 million tons to 570 million tons by the end of 2050. Currently, global meat consumption is placed at around 350 million tons.
Country-wise Insights
Why Should Antibiotic Residue Test Kit Providers Target Japan?
“Changing Dietary Preferences to Create Moneymaking Opportunities”
Consumption of meat and other animal-derived products has been increasing in Japan owing to increasing urbanization and globalization in the country.
This growing demand for animal-derived food products is anticipated to mandate the use of antibiotic residue test kits to ensure no residual antibiotics are present in the finished product that could harm consumers. Growing demand for dairy products is also projected to boost shipments of antibiotic residue milk test kits in the country
Will Europe Be a Profitable Market for Antibiotic Residue Test Kit Vendors?
“Presence of Flourishing Food & Beverage Industry Offering Lucrative Business Scope”
Europe is home to some of the leading food and beverage manufacturers in the world and is known for its dairy companies that provide some of the best dairy products in the world. Implementation of strict food safety standards has mandated the use of antibiotic residue test kits for animal-derived products manufactured in the European region are anticipated to favor market evolution in the country through 2033.
Increasing investments in the development of biotechnology and healthcare infrastructure in European countries are projected to bolster antibiotic residue test kit sales over the coming years. Growing focus on veterinary care and increasing pet ownership are also projected to create bankable opportunities for antibiotic residue test kit suppliers in the future.
Which Country Accounts for High Antibiotic Residue Test Kit Shipments in North America?
“Sales of Antibiotic Residue Test Kits to Be Led by United States in North America”
High consumption of animal-derived food products and stringent food safety standards implemented by regulatory authorities such as the United States FDA (Food and Drug Administration) are anticipated to primarily drive market potential in the United States through 2033.
Growing pet ownership, rising launches of new pet-friendly products, and increasing focus on veterinary care are other factors that could potentially uplift antibiotic residue test kit demand in the country going forward.
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Category-wise Insights
Demand for Which Tests is Expected to Soar High?
“Beta-lactam Tests to Account for Authoritative Market Share”
Based on test type, the antibiotic residue test kits market is segmented into beta-lactams, macrolides, tetracycline, aminoglycosides, amphenicols, and sulfonamides.
Beta-lactams are an extensively used class of antibiotics, which includes cephalosporins, penicillin, etc. Beta-lactam test kits are anticipated to be widely used for the detection of antibiotic residues in foods and beverages over the coming years and this is projected to bolster their demand across the forecast period.
Rising focus on food safety and increasing awareness among consumers is anticipated to further propel beta-lactam antibiotic test kit demand going forward. By the end of 2033, beta-lactams are estimated to account for around 1/3 revenue share of the global industry landscape. Meanwhile, sales of sulfonamide test kits are forecasted to rise at 7% CAGR over the next ten years.
Where Will Majority of Antibiotic Residue Test Kit Sales Revenue Be Generated From?
“Food & Beverage Industry to Lead Antibiotic Residue Test Kit Shipments”
Based on end use, the antibiotic residue test kits market is segmented into food and beverages, veterinary, independent laboratories, and other applications.
Focus on food safety has increased exponentially in recent years and this has led to the implementation of stringent mandates to avoid health complications among people across the world.
Growing demand for anti-infection products and rising focus on food and beverage manufacturers on providing the best quality products had led to the widespread adoption of antibiotic residue test kits in the food & beverages industry vertical, which is expected to boost revenue generation.
Revenue from the sales of antibiotic residue test kits in the food & beverages industry is estimated to account for a valuation of more than US$ 200 million by the end of 2033. Furthermore, demand for antibiotic residue test kits in veterinary use is also extrapolated to increase at 6.5% CAGR through 2033.
Competitive Landscape :
Prime antibiotic residue test kit companies are focusing on launching new advanced residue test kits to advance their sales potential and drive revenue generation.
- In June 2021, Royal DSM, a Dutch multinational corporation working in fields of science, nutrition, health, etc. announced the launch of an automated system to optimize antibiotic residue detection in milk. Delvotest® Accelerator Smart was launched to work in conjunction with the company’s previously launched Delvotest® plates.
Start-ups are also anticipated to pave their way into the marketplace by creating innovative rapid antibiotic residue test kits and other novel products that optimize the antibiotic detection process for various food products.
- In February 2021, FoodID (Food In-Depth), a start-up founded in 2015 announced that it had raised US$ 12 million in a Series B funding round led by S2G Ventures. The company aims to bring more transparency to food label claims by testing the presence of adulterants or antibiotics in food products.
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Complete list available upon request
Antibiotic Residue Test Kits Industry Research Segmentation
-
By Test Type :
- Beta-lactams
- Macrolides
- Tetracycline
- Aminoglycosides
- Amphenicols
- Sulfonamides
-
By End Use :
- Food & Beverages
- Veterinary
- Independent Laboratories
- Others
-
By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
Table of Content
- 1. Global Economic Outlook
- 2. Global Market - Executive Summary
- 3. Global Market Overview
- 4. Global Market Analysis and Forecast 2018 to 2033
- 4.1. Global Market Size and Forecast By Test Type, 2018 to 2033
- 4.1.1. Beta-lactams
- 4.1.2. Macrolides
- 4.1.3. Tetracycline
- 4.1.4. Aminoglycosides
- 4.1.5. Amphenicols
- 4.1.6. Sulfonamides
- 4.2. Global Market Size and Forecast By End User, 2018 to 2033
- 4.2.1. Food and Beverage Industry
- 4.2.2. Veterinary
- 4.2.3. Independent Laboratory
- 4.2.4. Other End-users
- 4.1. Global Market Size and Forecast By Test Type, 2018 to 2033
- 5. North America Market Size and Forecast, 2018 to 2033
- 6. Latin America Market Size and Forecast, 2018 to 2033
- 7. Europe Market Size and Forecast, 2018 to 2033
- 8. Japan Market Size and Forecast, 2018 to 2033
- 9. APEJ Market Size and Forecast, 2018 to 2033
- 10. MEA Market Size and Forecast, 2018 to 2033
- 11. Global Market Company Share, Competition Landscape and Company Profiles
- 11.1. Thermo Fisher Scientific
- 11.2. Koninklijke DSM N.V.
- 11.3. Charm Sciences
- 11.4. Perkin Elmer
- 11.5. Labtek Services Ltd.
- 11.6. Neogen Corporation
- 11.7. IDEXX Labs
- 11.8. R-Biopharm AG
- 11.9. Eurofins Scientific
- 11.10. Danaher Corporation
- 12. Research Methodology
- 13. Disclaimer
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List Of Table
TABLE 01: Global Market Value (US$ Mn), 2018 to 2022
TABLE 02: Global Market Value (US$ Mn), 2023 to 2033
TABLE 03: Global Market Value (US$ Mn) and Y-o-Y, 2018 to 2033
TABLE 04: Global Beta-lactams Segment Value (US$ Mn), By Region 2018 to 2022
TABLE 05: Global Beta-lactams Segment Value (US$ Mn), By Region 2023 to 2033
TABLE 06: Global Beta-lactams Segment Market Share, By Region 2018 to 2022
TABLE 07: Global Beta-lactams Segment Market Share, By Region 2023 to 2033
TABLE 08: Global Beta-lactams Segment Y-o-Y, By Region 2018 to 2033
TABLE 09: Global Macrolides Segment Value (US$ Mn), By Region 2018 to 2022
TABLE 10: Global Macrolides Segment Value (US$ Mn), By Region 2023 to 2033
TABLE 11: Global Macrolides Segment Market Share, By Region 2018 to 2022
TABLE 12: Global Macrolides Segment Market Share, By Region 2023 to 2033
TABLE 13: Global Macrolides Segment Y-o-Y, By Region 2018 to 2033
TABLE 14: Global Tetracycline Segment Value (US$ Mn), By Region 2018 to 2022
TABLE 15: Global Tetracycline Segment Value (US$ Mn), By Region 2023 to 2033
TABLE 16: Global Tetracycline Segment Market Share, By Region 2018 to 2022
TABLE 17: Global Tetracycline Segment Market Share, By Region 2023 to 2033
TABLE 18: Global Tetracycline Segment Y-o-Y, By Region 2018 to 2033
TABLE 19: Global Aminoglycosides Segment Value (US$ Mn), By Region 2018 to 2022
TABLE 20: Global Aminoglycosides Segment Value (US$ Mn), By Region 2023 to 2033
TABLE 21: Global Aminoglycosides Segment Market Share, By Region 2018 to 2022
TABLE 22: Global Aminoglycosides Segment Market Share, By Region 2023 to 2033
TABLE 23: Global Aminoglycosides Segment Y-o-Y, By Region 2018 to 2033
TABLE 24: Global Amphenicols Segment Value (US$ Mn), By Region 2018 to 2022
TABLE 25: Global Amphenicols Segment Value (US$ Mn), By Region 2023 to 2033
TABLE 26: Global Amphenicols Segment Market Share, By Region 2018 to 2022
TABLE 27: Global Amphenicols Segment Market Share, By Region 2023 to 2033
TABLE 28: Global Amphenicols Segment Y-o-Y, By Region 2018 to 2033
TABLE 29: Global Sulfonamides Segment Value (US$ Mn), By Region 2018 to 2022
TABLE 30: Global Sulfonamides Segment Value (US$ Mn), By Region 2023 to 2033
TABLE 31: Global Sulfonamides Segment Market Share, By Region 2018 to 2022
TABLE 32: Global Sulfonamides Segment Market Share, By Region 2023 to 2033
TABLE 33: Global Sulfonamides Segment Y-o-Y, By Region 2018 to 2033
TABLE 34: Global Food and Beverage Industry Segment Value (US$ Mn), By Region 2018 to 2022
TABLE 35: Global Food and Beverage Industry Segment Value (US$ Mn), By Region 2023 to 2033
TABLE 36: Global Food and Beverage Industry Segment Market Share, By Region 2018 to 2022
TABLE 37: Global Food and Beverage Industry Segment Market Share, By Region 2023 to 2033
TABLE 38: Global Food and Beverage Industry Segment Y-o-Y, By Region 2018 to 2033
TABLE 39: Global Veterinary Segment Value (US$ Mn), By Region 2018 to 2022
TABLE 40: Global Veterinary Segment Value (US$ Mn), By Region 2023 to 2033
TABLE 41: Global Veterinary Segment Market Share, By Region 2018 to 2022
TABLE 42: Global Veterinary Segment Market Share, By Region 2023 to 2033
TABLE 43: Global Veterinary Segment Y-o-Y, By Region 2018 to 2033
TABLE 44: Global Independent Laboratory Segment Value (US$ Mn), By Region 2018 to 2022
TABLE 45: Global Independent Laboratory Segment Value (US$ Mn), By Region 2023 to 2033
TABLE 46: Global Independent Laboratory Segment Market Share, By Region 2018 to 2022
TABLE 47: Global Independent Laboratory Segment Market Share, By Region 2023 to 2033
TABLE 48: Global Independent Laboratory Segment Y-o-Y, By Region 2018 to 2033
TABLE 49: Global Other Applications Segment Value (US$ Mn), By Region 2018 to 2022
TABLE 50: Global Other Applications Segment Value (US$ Mn), By Region 2023 to 2033
TABLE 51: Global Other Applications Segment Market Share, By Region 2018 to 2022
TABLE 52: Global Other Applications Segment Market Share, By Region 2023 to 2033
TABLE 53: Global Other Applications Segment Y-o-Y, By Region 2018 to 2033
TABLE 54: North America Market Value (US$ Mn), By Country 2018 to 2022
TABLE 55: North America Market Value (US$ Mn), By Country 2023 to 2033
TABLE 56: North America Market Value (US$ Mn), By Test Type 2018 to 2022
TABLE 57: North America Market Value (US$ Mn), By Test Type 2023 to 2033
TABLE 58: North America Market Value (US$ Mn), By End User 2018 to 2022
TABLE 59: North America Market Value (US$ Mn), By End User 2023 to 2033
TABLE 60: Latin America Market Value (US$ Mn), By Country 2018 to 2022
TABLE 61: Latin America Market Value (US$ Mn), By Country 2023 to 2033
TABLE 62: Latin America Market Value (US$ Mn), By Test Type 2018 to 2022
TABLE 63: Latin America Market Value (US$ Mn), By Test Type 2023 to 2033
TABLE 64: Latin America Market Value (US$ Mn), By End User 2018 to 2022
TABLE 65: Latin America Market Value (US$ Mn), By End User 2023 to 2033
TABLE 66: Europe Market Value (US$ Mn), By Country 2018 to 2022
TABLE 67: Europe Market Value (US$ Mn), By Country 2023 to 2033
TABLE 68: Europe Market Value (US$ Mn), By Test Type 2018 to 2022
TABLE 69: Europe Market Value (US$ Mn), By Test Type 2023 to 2033
TABLE 70: Europe Market Value (US$ Mn), By End User 2018 to 2022
TABLE 71: Europe Market Value (US$ Mn), By End User 2023 to 2033
TABLE 72: Japan Market Value (US$ Mn), By Country 2018 to 2022
TABLE 73: Japan Market Value (US$ Mn), By Country 2023 to 2033
TABLE 74: Japan Market Value (US$ Mn), By Test Type 2018 to 2022
TABLE 75: Japan Market Value (US$ Mn), By Test Type 2023 to 2033
TABLE 76: Japan Market Value (US$ Mn), By End User 2018 to 2022
TABLE 77: Japan Market Value (US$ Mn), By End User 2023 to 2033
TABLE 78: APEJ Market Value (US$ Mn), By Country 2018 to 2022
TABLE 79: APEJ Market Value (US$ Mn), By Country 2023 to 2033
TABLE 80: APEJ Market Value (US$ Mn), By Test Type 2018 to 2022
TABLE 81: APEJ Market Value (US$ Mn), By Test Type 2023 to 2033
TABLE 82: APEJ Market Value (US$ Mn), By End User 2018 to 2022
TABLE 83: APEJ Market Value (US$ Mn), By End User 2023 to 2033
TABLE 84: MEA Market Value (US$ Mn), By Country 2018 to 2022
TABLE 85: MEA Market Value (US$ Mn), By Country 2023 to 2033
TABLE 86: MEA Market Value (US$ Mn), By Test Type 2018 to 2022
TABLE 87: MEA Market Value (US$ Mn), By Test Type 2023 to 2033
TABLE 88: MEA Market Value (US$ Mn), By End User 2018 to 2022
TABLE 89: MEA Market Value (US$ Mn), By End User 2023 to 2033
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List Of Figures
FIG. 01: Global Market Value (US$ Mn), 2018 to 2022
FIG. 02: Global Market Value (US$ Mn) Forecast, 2023 to 2033
FIG. 03: Global Market Value (US$ Mn) and Y-o-Y, 2018 to 2033
FIG. 04: Global Beta-lactams Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 05: Global Beta-lactams Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 06: Global Beta-lactams Segment Y-o-Y Growth Rate, By Region, 2018 to 2033
FIG. 07: Global Macrolides Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 08: Global Macrolides Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 09: Global Macrolides Segment Y-o-Y Growth Rate, By Region, 2018 to 2033
FIG. 10: Global Tetracycline Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 11: Global Tetracycline Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 12: Global Tetracycline Segment Y-o-Y Growth Rate, By Region, 2018 to 2033
FIG. 13: Global Aminoglycosides Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 14: Global Aminoglycosides Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 15: Global Aminoglycosides Segment Y-o-Y Growth Rate, By Region, 2018 to 2033
FIG. 16: Global Amphenicols Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 17: Global Amphenicols Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 18: Global Amphenicols Segment Y-o-Y Growth Rate, By Region, 2018 to 2033
FIG. 19: Global Sulfonamides Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 20: Global Sulfonamides Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 21: Global Sulfonamides Segment Y-o-Y Growth Rate, By Region, 2018 to 2033
FIG. 22: Global Food and Beverage Industry Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 23: Global Food and Beverage Industry Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 24: Global Food and Beverage Industry Segment Y-o-Y Growth Rate, By Region, 2018 to 2033
FIG. 25: Global Veterinary Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 26: Global Veterinary Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 27: Global Veterinary Segment Y-o-Y Growth Rate, By Region, 2018 to 2033
FIG. 28: Global Independent Laboratory Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 29: Global Independent Laboratory Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 30: Global Independent Laboratory Segment Y-o-Y Growth Rate, By Region, 2018 to 2033
FIG. 31: Global Other Applications Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 32: Global Other Applications Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 33: Global Other Applications Segment Y-o-Y Growth Rate, By Region, 2018 to 2033
FIG. 34: North America Market Value (US$ Mn), By Country 2018 to 2022
FIG. 35: North America Market Value (US$ Mn), By Country 2023 to 2033
FIG. 36: North America Market Value (US$ Mn), By Test Type 2018 to 2022
FIG. 37: North America Market Value (US$ Mn), By Test Type 2023 to 2033
FIG. 38: North America Market Value (US$ Mn), By End User 2018 to 2022
FIG. 39: North America Market Value (US$ Mn), By End User 2023 to 2033
FIG. 40: Latin America Market Value (US$ Mn), By Country 2018 to 2022
FIG. 41: Latin America Market Value (US$ Mn), By Country 2023 to 2033
FIG. 42: Latin America Market Value (US$ Mn), By Test Type 2018 to 2022
FIG. 43: Latin America Market Value (US$ Mn), By Test Type 2023 to 2033
FIG. 44: Latin America Market Value (US$ Mn), By End User 2018 to 2022
FIG. 45: Latin America Market Value (US$ Mn), By End User 2023 to 2033
FIG. 46: Europe Market Value (US$ Mn), By Country 2018 to 2022
FIG. 47: Europe Market Value (US$ Mn), By Country 2023 to 2033
FIG. 48: Europe Market Value (US$ Mn), By Test Type 2018 to 2022
FIG. 49: Europe Market Value (US$ Mn), By Test Type 2023 to 2033
FIG. 50: Europe Market Value (US$ Mn), By End User 2018 to 2022
FIG. 51: Europe Market Value (US$ Mn), By End User 2023 to 2033
FIG. 52: Japan Market Value (US$ Mn), By Country 2018 to 2022
FIG. 53: Japan Market Value (US$ Mn), By Country 2023 to 2033
FIG. 54: Japan Market Value (US$ Mn), By Test Type 2018 to 2022
FIG. 55: Japan Market Value (US$ Mn), By Test Type 2023 to 2033
FIG. 56: Japan Market Value (US$ Mn), By 2018 to 2022
FIG. 57: Japan Market Value (US$ Mn), By End User 2023 to 2033
FIG. 58: APEJ Market Value (US$ Mn), By Country 2018 to 2022
FIG. 59: APEJ Market Value (US$ Mn), By Country 2023 to 2033
FIG. 60: APEJ Market Value (US$ Mn), By Test Type 2018 to 2022
FIG. 61: APEJ Market Value (US$ Mn), By Test Type 2023 to 2033
FIG. 62: APEJ Market Value (US$ Mn), By End User 2018 to 2022
FIG. 63: APEJ Market Value (US$ Mn), By End User 2023 to 2033
FIG. 64: MEA Market Value (US$ Mn), By Country 2018 to 2022
FIG. 65: MEA Market Value (US$ Mn), By Country 2023 to 2033
FIG. 66: MEA Market Value (US$ Mn), By Test Type 2018 to 2022
FIG. 67: MEA Market Value (US$ Mn), By Test Type 2023 to 2033
FIG. 68: MEA Market Value (US$ Mn), By End User 2018 to 2022
FIG. 69: MEA Market Value (US$ Mn), By End User 2023 to 2033
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How big is the antibiotic residue test kits market?
The global antibiotic residue test kits market accounts for a valuation of US$ 184.5 million in 2023.
What is the forecasted size of the market for antibiotic residue test kits?
By 2033-end, antibiotic residue test kit sales are extrapolated to amass a revenue of US$ 333.4 million.
What is the growth rate of the antibiotic residue test kits market?
Worldwide antibiotic residue test kit demand is forecasted to increase at 6.1% CAGR over the next ten years.
How will sales of antibiotic residue test kits fare for veterinary end use?
Demand for antibiotic residue test kits for veterinary use is set to rise at 6.5% CAGR through 2033.
Who are the key players in the antibiotic residue test kits market?
IDEXX Labs, Labtek Services Ltd., NEOGEN Food Safety, DSM, and Charm Sciences are leading companies operating in this industry.
Antibiotic Residue Test Kits Market