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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Instant Dry Yeast Market Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

 

Instant Dry Yeast Market
Instant Dry Yeast Market

Instant Dry Yeast was created using a unique yeast strain that can withstand drying. It has smaller granules than active dry yeast, absorbs liquid fast, and doesn't need to be hydrated or proofed before being used in flour or other dry ingredients. Bread improvers like ascorbic acid are sometimes found in fast yeasts like Bread Machine Yeast and Rapid Rise Yeast. Sugarcane/sugar mill by-products are the principal raw material utilised in active dry yeast fermentation, in addition to molasses, resulting in a low production cost. As a result, they are reasonably priced.

 

Factors Impacting Growth of the Global Instant Dry Yeast Market

The instant yeast Market is predicted to develop in the coming years, thanks to a global trend toward bakery items, an increase in alcohol sales, and rising demand for bioethanol. The market for naturally based food additives is predicted to develop in response to rising consumer health concerns. FDA rules controlling the use of red yeast extract products are projected to be a major stumbling block to the expansion of the red yeast extract market in developed regions.

 

Covid-19 Effects on the Global Instant Dry Yeast Market

COVID-19 has had a negative impact on the instant dry yeast market. The shutdown has harmed the food processing industry in particular, particularly the bread and confectionery businesses. The food services industry, including hotels, fast food chains, and restaurants, has been badly impacted by frequent lockdowns, cutting demand for instant dry yeast. Yeast is commonly used as a dry ingredient in the culinary business.

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