Future Prospects of Global Laboratory Proficiency Testing Market

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Laboratory Proficiency Testing Market  The global Laboratory Proficiency Testing Market is estimated to be valued at US$ 1.29 billion in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Laboratory proficiency testing involves evaluating the performance of laboratories for a given scope of testing through inter-laboratory comparisons. It helps assess the quality and competence of laboratories by determining reproducibility and accuracy of test results. Proficiency testing products are used by laboratories to determine method validity and accuracy, and improve testing processes. Market Key Trends: One of the major trends in the laboratory proficiency testing market is the growing number of accredited medical laboratories. Accreditation assures compliance with ISO 15189 and ISO/IEC 17025 standards, which require participation in proficiency testing programs. Acc...
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Cat Wet Food Market Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

 

Cat Wet Food Market
Cat Wet Food Market

One of the main reasons for sales growth is an increase in pet adoption in high-income nations, as well as increased awareness of the numerous benefits of wet food. Growing product sales provide profitable prospects for important participants, and this trend will continue in the next years.

The installation of the lockdown restriction as a result of COVID-19 has an impact on various players' production facilities around the world. Cat food has a shelf life that ranges from four months to over a year. When production was stalled owing to limitations, this allowed producers to continue selling their items from existing stock. The American Pet Products Association (APPA) released phase two of its ongoing report in 2021. 'COVID-19 Pulse Study of Pet Ownership During the Pandemic,' which found little to no change in shopping behaviour and economic feelings among pet owners in the US.

Leading market players are investing to develop new products, in order to increase their consumer base in the global Cat Wet Food Market. In addition, between May and June 2020, pet ownership and purchasing habits remained essentially unaltered. According to the APPA report, there was no substantial change in pet owners' financial prudence when it came to pet product expenditure from May to June, with the majority (64.0 percent) spending the same amount.

Cats are the second-largest pet food consumers. They are classified as obligate carnivores, which means they require high-quality proteins and amino acids that are predominantly found in meat. Carbohydrates are not required in their diet, however they can be used if cooked properly. Grains and, to a lesser extent, tubers provide the majority of dietary carbs. Cats have a high demand for sulfuric amino acids like methionine, as well as a nutritional requirement for taurine, an amino sulfone. As a result of the unique needs of cats, corporations have been able to specialise in the industry and grow their investments.

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