19-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Analytical Standards Market By Application (Food & Beverages (Organisms (GMO), Carbohydrates, Mycotoxins, Food Additives, Fatty Acids, Flavors & Fragrances, Peptides, and Others), Pharmaceutical & Life Science, Veterinary, Petrochemistry, Environment, and Forensics), and By Technique (Spectroscopy, Physical Properties Testing, Titrimetry, and Chromatography): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Analytical Standards market in 2019 was approximately USD 1,300 Million. The market is expected to grow at a CAGR of 6% and is anticipated to reach around USD 1,980 Million by 2026.
Analytical standards are used to measure the value as well as purity of formulated medicine and medication in experimental criterion. Standards and reagents are the main components utilized with analytical instrumentation. This is done for the achievement of compliance and optimum performance. There are several foods and beverage categories coupled with pharmaceutical & life science, veterinary, petrochemistry, environment, and forensics categories that include the application of analytical standards. The techniques involved in analytical standards are spectroscopy, physical properties testing, titrimetry, and chromatography.
Browse the full “Analytical Standards Market By Application (Food & Beverages (Organisms (GMO), Carbohydrates, Mycotoxins, Food Additives, Fatty Acids, Flavors & Fragrances, Peptides, and Others), Pharmaceutical & Life Science, Veterinary, Petrochemistry, Environment, and Forensics), and By Technique (Spectroscopy, Physical Properties Testing, Titrimetry, and Chromatography): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/analytical-standards-market-by-application-food-beverages-organisms-845
The rising focus on the regulation of emissions coupled with active monitoring has been driving the target market growth. In addition, limited public understanding associated with effective strategies to control emissions in emerging markets has propelled the target market growth as well. Moreover, increasing awareness regarding pollution is boosting the target market growth. However, the cost of custom synthesis services differs from project to project resulting in the high cost of starting materials. This may hinder the target market over the forecast period. In addition, analytical standards are complex to implement and understand. This factor is also expected to harm the target market over the forecast period. Nevertheless, growth in the clinical trial number across the world is predicted to create growth opportunities over the forecast period.
In terms of application, the target market is categorized as food & beverages, pharmaceutical & life science, veterinary, petrochemistry, environment, and forensics. Food & beverages are further sub-categorized as organisms (GMO), carbohydrates, mycotoxins, food additives, fatty acids, flavors & fragrances, peptides, and others. Among these categories, the environment is the dominating one owing to increased regulations associated with environmental pollution control as well as amplified awareness regarding value of a clean environment.
In terms of technique, the target market is categorized as spectroscopy, physical properties testing, titrimetry, and chromatography. Among these categories, chromatography is the leading one owing to increasing concerns associated with food safety as well as rising significance of chromatography testing in terms of drug approvals.
In terms of region, the target market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these regions, North America is anticipated to be dominating the region over the forecast period. Government initiatives have been promoting the implementation of analytical standards in food as well as the pharmaceutical industry in the region. In addition, the presence of accountable environmental scenarios in North America has been surging the target market growth in the region.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 1,300 Million |
Projected Market Size in 2026 |
USD 1,980 Million |
CAGR Growth Rate |
6% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
AgilentTechnologiesInc.,SpexCertiprep, Cayman Chemical Company, WatersCorporation, Restek Corporation, ThermoFisherScientific, Ricca Chemical Company, Sigma-Aldrich Co. Llc., Accustandard Inc., and LGC Standards., and Others |
Key Segment |
By Application, Technique, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the key players operating in the target market
AgilentTechnologiesInc.,SpexCertiprep, Cayman Chemical Company, WatersCorporation, Restek Corporation, ThermoFisherScientific, Ricca Chemical Company, Sigma-Aldrich Co. Llc., Accustandard Inc., and LGC Standards.
This report segments the Analytical Standards market as follows:
By Application Segmentation Analysis
- Food & Beverages
- Organisms (GMO)
- Carbohydrates
- Mycotoxins
- Food Additives
- Fatty Acids
- Flavors& Fragrances
- Peptides
- Others
- Pharmaceutical & Life Science
- Veterinary
- Petrochemistry
- Environment
- Forensics
By Technique Segmentation Analysis
- Spectroscopy
- Physical Properties Testing
- Titrimetry
- Chromatography
By Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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