The mycotoxin testing market was valued at 865.63 million in 2021 and is expected to reach the value of USD 1509.70 million by 2029, at a CAGR of 7.2%

The mycotoxin Testing Market report delivers a detailed study with present and upcoming opportunities to simplify further true investment in the market. With a formalized managerial approach, marketing research has been performed in this industry analysis report to offer the best solution. These problems are from different functional areas of marketing and include consumer behavior, product, sales, distribution channel, pricing, ad, and physical distribution. Moreover, the mycotoxin Testing Market document also makes available strategic profiling of key players in the Food and Beverages industry, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.

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Market Analysis and Size

According to the Food and Agriculture Organization of the United Nations (FAO), nearly 25% of the world's food contains mycotoxins, which are toxic secondary metabolites of molds. There are approximately 400 known species of mycotoxins of various chemical compound classes, with 25 being quite common due to their frequency of occurrence. With the world's population growing, the demand for food is increasing, necessitating a greater emphasis on mycotoxin testing.

Data Bridge Market Research analyses that the mycotoxin testing market was valued at 865.63 million in 2021 and is expected to reach the value of USD 1509.70 million by 2029, at a CAGR of 7.2% during the forecast period of 2022 to 2029.

Market Definition

Mycotoxin testing detects the presence of harmful mycotoxin metabolites caused by mold or fungi in the body or home using urine or environmental test. Mycotoxin testing ensures that the products are not carcinogenic and that they comply with international regulatory standards. Mycotoxins are toxic chemical compounds produced by fungi that can cause a number of fatal diseases

Segments Covered

Type (Aflatoxins, Ochratoxins, Fusarium Toxins, Deoxynivalenol, Patulin, Cyclopiazonic Acid, Ergot Alkaloids, Citrinin, Sterigmatocystin, Alternaria, T-2 Toxin and Others), Product Type (Devices, Reagents & Kits and Services), Technology (Chromatography Based, Immunoassay-Based, Lateral Flow Assay Based, Spectroscopy Based and Others), Sample (Food & Beverages, Feed, Pharmaceuticals and Others), End User (Research Lab, Research Institutes, Food Testing Industries, Feed Testing Industries and Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, Sweden, Poland, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

SGS (Switzerland), Bureau Veritas (France), Eurofins Scientifics (Luxembourg), Intertek Group plc (UK), Mérieux NutriSciences Corporation (US), ALS Limited (Australia), Neogen (US) AsureQuality (New Zealand), Charm Sciences (US), Premier Analytical Services (UK), Dairyland Laboratories (US), Bio-Check (UK), AES Laboratories (India), IEH Laboratories and Consulting Group (US), Envirologix Inc. (US), EMSL Analytical, Inc. (US), and Krishgen Biosystems (US),

Opportunities

  • Growing international food trades
  • Rising food-borne diseases and lack of sanitation
  • Rising incidences of mycotoxin occurrences in developing regions

Mycotoxin Testing Market Dynamics

Drivers

  • Rising risk of mycotoxin contamination

The mycotoxins testing market is expected to grow during the forecast period due to the increased risk of mycotoxin contamination in livestock feed and rising incidences of mycotoxin occurrences in crops.

  • Stringent regulations laid by the government on the implementation of testing

Various governments and regulatory bodies have made testing of animal feed and food ingredients mandatory throughout the world. Animal feed is not approved for marketing unless its safety and efficacy have been proven. Such precautions to avoid contamination, chemicals, and toxic presence have significantly impacted the growth of the mycotoxin testing market. Many countries have enacted specific regulations for mycotoxins in food and animal feed to protect human and animal health.

Opportunity

Increasing food trade across the borders of emerging markets expands the market's opportunity for growth. The rising number of food-borne illnesses and poor sanitation and processing conditions in factories in a few countries necessitate the need for mycotoxin testing of food. The implementation of regulations in emerging economies that have entered the food trade and the authorization of authorities to prohibit the import and supply of contaminated food and enforce food recalls are expected to increase demand for testing services in these regions. Furthermore, increasing cases of mycotoxicosis outbreaks in Asia and Africa are expected to create significant growth opportunities for mycotoxin testing in these regions.

Restraints

Several developing regions' in mycotoxin testing markets lack organization, sophistication, and technology. Food control laboratory infrastructure is likely to be scarce in many developing countries due to limited resources, limited technology, and poor management. There are numerous issues concerning food safety, such as a lack of institutional coordination, outdated technology, a lack of expertise for executing regulation at the lowest levels, and a lack of updated standards, all of which have hampered the testing market. Laboratories are under-equipped and lack appropriately by untrained analytical personnel.

This mycotoxin testing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the mycotoxin testing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Mycotoxin Testing Market

COVID-19 has resulted in a significant shift in consumer demand, shifting away from restaurants, food service, and other types of "food away from home" and toward food consumed at home. This has resulted in numerous significant changes in the way food supply chains operate. As the COVID-19 pandemic spread, sales of "food away from home" (food consumed in hotels, restaurants, catering, and cafés) fell precipitously. COVID-19 has caused havoc in the food processing industry. Food companies in this industry have been impacted by social distancing rules, labor shortages due to movement restrictions, and lockdown measures to contain the virus's spread. Furthermore, regional governments' actions have limited the number of people working in small areas, which has hampered the growth of the food industry.

Recent Development

  • SGS announced the expansion of its new food microbiological testing lab in Fairfield, New Jersey, USA, in October 2019. The 2,000-square-foot microbiological testing facility employs an information technology platform to provide various testing services to food producers, manufacturers, and suppliers across all food categories.
  • SGS announced the expansion of its new food microbiological testing lab in Carson, California, in March 2019. The microbial testing facility is 2,400 square feet in size. This expansion aims to broaden the company's geographical coverage and its global network of agriculture and food labs.

Global Mycotoxin Testing Market Scope

The mycotoxin testing market is segmented on the basis of type, product type, technology, sample, and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Aflatoxins
  • Ochratoxins
  • Fusarium toxins
  • Deoxynivalenol
  • Patulin
  • Cyclopiazonic acid
  • Ergot alkaloids
  • Citrinin
  • Sterigmatocystin
  • Alternaria
  • T-2 toxin
  • Others

On the basis of type, the mycotoxin testing market is segmented into aflatoxins, ochratoxins, fusarium toxins, deoxynivalenol, patulin, cyclopiazonic acid, ergot alkaloids, citrinin, sterigmatocystin, alternaria, t-2 toxin and others.

Product type

  • Devices
  • Reagents & kits
  • Services

On the basis of product type, the mycotoxin testing market is segmented into devices, reagents & kits and services.

Technology

  • Chromatography based
  • Immunoassay-based
  • Lateral flow assay based
  • Spectroscopy based
  • Others

On the basis of technology, the mycotoxin testing market is segmented into chromatography based, immunoassay-based, lateral flow assay based, spectroscopy based and others.

On the basis of the sample, the mycotoxin testing market is segmented into food & beverages, feed, pharmaceuticals, and others.

End-user

  • Research lab
  • Research institutes
  • Food testing industries
  • Others

Mycotoxin Testing Market Regional Analysis/Insights

The mycotoxin testing market is analyzed and market size insights and trends are provided by country, type, product type, technology, sample and end-user as referenced above.

The countries covered in the mycotoxin testing market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Some of the major players operating in the mycotoxin testing market are:

  • SGS (Switzerland)
  • Bureau Veritas (France)
  • Eurofins Scientific (Luxembourg)
  • Intertek Group plc (UK)
  • Mérieux NutriSciences Corporation (US)
  • ALS Limited (Australia)
  • Neogen (US)
  • AsureQuality (New Zealand)
  • Charm Sciences (US)
  • Premier Analytical Services (UK)
  • Dairyland Laboratories (US)
  • Bio-Check (UK)
  • AES Laboratories (India)
  • IEH Laboratories and Consulting Group (US)
  • Envirologix Inc. (US)
  • EMSL Analytical, Inc. (US)
  • Krishgen Biosystems (US)

 

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MAJOR TOC OF THE REPORT

Chapter One: Introduction

Chapter Two: Market Segmentation

Chapter Three: Market Overview

Chapter Four: Executive Summary

Chapter Five: Premium Insights

Chapter Six:  The mycotoxin testing market

Get TOC Details

https://www.databridgemarketresearch.com/toc/?dbmr=global-mycotoxin-testing-market

 

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