The Heavy Metal Testing marketaccounted to USD 2.5 billion in 2016 growing at a CAGR of 7.8% during the forecast period of 2017 to 2024. The report includes market shares of heavymetal testing market for global, Europe, North America, Asia Pacific and South America.
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Major Market Drivers and Restraints:
- Rising demand ofheavy metal testing in foodindustry
- Stringent regulation imposed on manufacturing food products, bottlewater and in healthcareindustry has resulted in increased heavy metal testing
- Government initiatives to promote the testing methods
- Unfavorable regulations
- High cost of equipments
Market Segmentation: Global Heavy Metal Testing Market
- By type the market for heavymetal testing market is segmented into arsenic, cadmium, chromium, cobalt, lead, mercury, others.
- By technologythe heavy metal testing market is segmented into ICP-MS & OES, atomic absorption spectroscopy, others.
- By enduser the heavy metal testing market is segmented into food & beverages, water, pharmaceuticals & cosmetics. The food & beverages segment is sub-segmented into meat, poultry and seafood, dairy, processed foods, fruits & vegetables, cereals & grains, nuts, seeds & spices, and others. The water segment is sub-segmented into drinking water, waste waterandindustrial water.
- On the basis of geography, heavy metal testing market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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Market Definition: Global Heavy Metal Testing Market
Heavy metal testing identifies toxic elements present in the consumer products. According to FDA, lead, mercury, cadmium, arsenic, chromium andothers are classified as heavy metals. Industrial pollution, modern technology andconsumer goods are the routethrough which heavy metals are routethrough which heavy metals are entering in humanbody which is a threat to the health and development of a human.
Major Market Competitors: Global Heavy Metal Testing Market
The heavy metal testing market is highly fragmented and is based on new product launches and clinical results of products. Some of the major players operating in heavy metal testing Industry are SGS, Eurofins, Intertek, TUD SUD, ALS Limited, Mérieux Nutrisciences, LGC Group, Asurequality, Microbac Laboratories, EMSL Analytical, IFP Institut Für Produktqualität, Omic USA, Nutrasource Diagnostics Inc., TPS Lab, ANDalyze, UFAG, Toxikon, Inc., among others.
Research Methodology: Global Heavy Metal Testing Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Alsomarket share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or drop down your inquiry.
Demand Side Primary Contributors: Food & Beverage Manufacturers, Pharmaceutical Manufacturers, Cosmetic Manufacturers, Suppliers, Traders, Regulatory Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side Primary Contributors: Heavy Metal Testing Service Providers, Suppliers, Traders & Distributors, Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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