According to the current analysis of Reports and Data, The global Heavy Metal Testing Market was valued at USD 2,976.0 Million in 2020 and is projected to grow at a CAGR of 6.9% from 2020 to reach 5,109.0 Million by the year 2028. Heavy metal testing is a group of tests that are required to quantify the level of potentially harmful heavy metals such as lead, mercury, cadmium, chromium, and arsenic is present in food items. Heavy metal testing is an essential step in food safety and security. The presence of heavy metal can lead to detrimental metal poisoning, which can lead to serious health problems. As we know, the primary intake sources of heavy metals are fruits, vegetables, nuts, cereals, fish, and seafood. In the case of lead, drinking water is a key participant in the accumulation of heavy metal into our body. Since the toxicological impacts of heavy metals on infants and elderly people are considered unfavorable, the demand for heavy metal testing is growing significantly over the estimated period. Regulatory bodies across the globe have set threshold limits for heavy metal in different food groups such as seafood, vegetables, fruits, cereals, meat, fish, fats and oils, milk, baby food, and infant formulae. Hence heavy metal testing has become an essential step for food security.
The market is driven by diverse factors such as growing incidences of heavy metal contamination in meat & associated products due to contaminated animal feed, an active involvement of government & regulatory bodies who monitor heavy metal levels in food & beverages, and drastic globalization of food trade. The need for heavy metal testing in applications like animal feed and the launch of unique cost-effective rapid technologies for faster and reliable test results provides new growth opportunities for market players.
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
Further key findings from the report suggest:
- By heavy metal type, arsenic held an outstanding share of 36.1% in 2020. The increased incidence of cancers among people exposed to arsenic is one of the factors predictable to impel the demand market for the forecast period.
- Agricultural soils usually contain low background levels of heavy metals. Contamination from industrial activities or byproducts can increase the natural levels of heavy metals in soil, creating a health hazard to people, livestock, and plants.
The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, and product & service portfolio. The Heavy Metal Testing market is extremely competitive and consists of several key players at the regional and global levels. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in R&D, partnerships, joint ventures, and collaborations to strengthen their market position and enhance their product portfolio.
Leading companies operating in the market are:
SGS, Intertek, Eurofins, TUV SUD, ALS Limited, Mérieux Nutrisciences, LGC Group, Asurequality, Microbac Laboratories, EMSL Analytical, IFP Institut Für Produktqualität, and Omic USA.
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The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:
Heavy Metal Testing Market Segmentation:
Heavy Metal Type (Revenue, USD Million; 2020-2028)
Technology (Revenue, USD Million; 2020-2028)
- ICP-MS & OES
- Atomic Absorption Spectroscopy (AAS)
Sample (Revenue, USD Million; 2020-2028)
- Meat, Poultry, and Seafood
- Dairy Products
- Processed Food
- Fruits & Vegetables
- Cereals & Grains
- Nuts, Seeds, and Spices
- Drinking Water
- Industrial Water
- Blood & Other Samples
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of the Middle East & Africa)
Some essential purposes of the Heavy Metal Testing market research report:
- Vital Developments: Custom investigation provides critical improvements to the Heavy Metal Testing market, including R&D, new item shipment, coordinated efforts, development rate, partnerships, joint efforts, and local development of rivals working in the market on a global scale and regional.
- Market Characteristics: The report contains Heavy Metal Testing market highlights, income, limit, limit utilization rate, value, net, creation rate, generation, utilization, import, trade, supply, demand, cost, part of the industry in general, CAGR, and gross margin. Likewise, the market report offers an exhaustive investigation of the elements and their most recent patterns, along with Service market fragments and subsections.
- Investigative Tools: This market report incorporates the accurately considered and evaluated information of the major established players and their extension into the Heavy Metal Testing market by methods. Systematic tools and methodologies, for example, Porter’s Five Powers Investigation, Possibilities Study, and numerous other statistical investigation methods have been used to analyze the development of the key players working in the Heavy Metal Testing market.
- Convincingly, the Heavy Metal Testing report will give you an unmistakable perspective on every single market reality without the need to allude to some other research report or source of information. This report will provide all of you with the realities about the past, present, and eventual fate of the Heavy Metal Testing market.
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