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(MoneyNewsWire.Net, April 11, 2018 ) The global market for heavy metal testing has grown exponentially in the last few years. The market is estimated to be valued at USD 2.53 Billion in 2017 and is projected to reach USD 3.65 Billion by 2022, at a CAGR of around 7.6% from 2017. Emerging economies such as India, China, Japan, South Africa, and Brazil are the potential primary markets of the industry. Factors such as increasing heavy metal pollution in water due to industrial discharge, implementation of stringent regulations, and growth in the packaged food industry leading to increase in packaging induced heavy metals are the major driving factors for this market. Increasing international trade activities helps to drive the growth of the heavy metal testing industry.
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The heavy metal testing market for food, based on heavy metal type, is segmented into arsenic, cadmium, lead, mercury, and others which include aluminum, thallium, tin, antimony, barium, copper, chromium, iron, nickel, selenium, and zinc. The arsenic segment dominated the market with the largest share in 2016 since arsenic is frequently used in various food additives. This is followed by cadmium testing in food which is conducted because cadmium is another major heavy metal present in most cereals, fruits, vegetables, meat, and fish. This metal contaminant is found at the highest levels in the offal of mammals & mussels, oysters, and scallops. Inhalation of cadmium through food material is lower (5%) compared to inhalation through fumes, dust, and cigarettes (90%).
The heavy metal testing market for food, based on technology, is segmented into ICP-MS & OES, Atomic absorption spectroscopy (AAS), and others which include volumetric, HPLC with ICP, and other spectroscopy techniques. The ICP-MS & OES segment dominated the market in 2016 and is projected to grow at the highest CAGR from 2017 to 2022. ICP-MS & OES technologies have various advantages over AAS such as lower detection limits and faster test results by automation.
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The heavy metal testing market, based on sample, is segmented into food, water, and blood & other samples. The food segment includes meat, poultry, and seafood; dairy products; processed food; fruits & vegetables; cereals & grains; nuts, seeds, and spices; and others comprising dietary supplements, food additives, and food ingredients. The water segment includes drinking water, waste water, and industrial water. Blood & other samples segment comprise cellular samples such as blood, urine, serum, and saliva samples. The water sample segment dominated the market in 2016 whereas, the blood & other samples segment is projected to grow at the highest CAGR due to growing heavy metal levels in food & water.
The North American region is projected to dominate the heavy metal testing market by 2022. The Asia Pacific region is projected to be the fastest-growing market during the forecast period since the demand in countries such as Japan and China is increasing due to growing international trade from these countries and the high concentration of heavy metals in agricultural soil here. Other factors responsible for the growth of the Asia Pacific market are the emerging economies and growing R&D activities for launching new technologies.
Heavy metal testing by advanced technologies involves high costs of energy & power, which increases the capital investment. The equipment cost and the cost of high-end technologies are high. Increased focus on R&D activities, coupled with the minimum requirements for accuracy and reliability of readings, is increasing the price of instruments.
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Expansions & investments, new product, service, & technology launches, acquisitions, agreements, collaborations, joint ventures, and partnerships are the key strategies adopted by market players to ensure their growth in the market. The market is dominated by players such as SGS (Switzerland), Eurofins (Luxembourg), Intertek (UK), TÜV SÜD (Germany), ALS Limited (Australia), and Merieux NutriSciences (US). Other major players in the market include LGC Group (UK), AsureQuality (New Zealand), Microbac Laboratories (US), EMSL Analytical (US), IFP Institut Für Produktqualität (Germany), and OMIC USA (US).
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