The global mycotoxin testing market is estimated to be valued at USD 931.6 Million in 2020 and is projected to reach USD 1,568.4 Million by 2028, at a CAGR of 6.7%. A mycotoxin is the generic name of substances that are secondary metabolites of molds and cause chronic physiological or pathological damage to humans, domestic animals, or fish. Food that has mycotoxin levels above a particular maximum allowable level is either rejected outright for sale or sold at a lower price for different use. Such transactions can take place at local levels or at the level of trade among countries. Sometimes this can result in substantial economic losses for food producers, but the benefit of such monitoring systems. Losses related to health occur when mycotoxins are present in food at levels that can cause illness. In developed countries, such losses are often measured in terms of cost of disease; around the world, such losses are more frequently measured in terms of disability-adjusted life years (DALYs).
Top Companies Operating in the Global Mycotoxin Testing Market Report:
SGS (Switzerland), Bureau Veritas (France), Eurofins (Luxembourg), Intertek (UK), Mérieux NutriSciences (US), ALS Limited (Australia), Neogen (US), Romer Labs (US), Symbio Laboratories (Australia), OMIC USA (US), AsureQuality (New Zealand), and Microbac (US).
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Further key findings from the report suggest
- By type, the mycotoxin testing market is segregated into fusarium toxins, patulin, aflatoxins, ochratoxins, Alternaria, ergot alkaloids, citrinin, sterigmatocystin, cyclopiazonic acid, and others. The food tested market is classified into cereals, pulses, meat and poultry, nut, spice, grains, dairy products, processed food, seed, and feed tested market is subdivided into cereals and its products, forage, and silage, feed ingredients and concentrates, and oil meals and cakes.
- The mycotoxin testing market is divided into Asia Pacific, North America, Europe, and others. The factor that contributes to the present growth is that the stringent regulations within countries like Germany, the US, France, and also the UK. The country with the most modest rate of growth within the mycotoxin testing market in the European region is UK. Within the coming years, the mycotoxin testing market is predicted to spice up within the Asia Pacific region thanks to the rapid urbanization in this region. Lack of food controller systems and bacterial detection devices and casual attitude of the developing economies due to the high cost of R D is causing the market to restrain and develop further.
- Within the coming years, the mycotoxin market is predicted to accelerate the demand within the Asia Pacific segment due to the rapid urbanization in this region. Although, lack of food controller systems and bacterial detection devices in the developing economies due to the high cost of R D is causing the mycotoxin market to restrain and develop further.
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For the purpose of helping readers make profitable business decisions, the report is written with industry analysts, market segmentation, and data collection. In addition to providing detailed information on technical and product advances, this report also discusses market value, growth rates, and niche market segments in detail.
An analysis of the Mycotoxin Testing market has been carried out by segmenting it into key regions and offering information on growth rates, market shares, current and emerging trends, production and consumption ratios, analysis of the industrial chain, demand and supply, imports and exports, revenue contributions, and the presence of key players in each region. To gain a better understanding of the regional spread of and progress of the Mycotoxin Testing market, a country-by-country analysis of the market is provided in the report.
The global Mycotoxin Testing market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
On the basis of Type, mycotoxin testing the market has been segmented as follows: (Revenue, USD Million; 2020-2028)
- Aflatoxins
- Ochratoxins
- Fumonisin
- Zearalenone
- Deoxynivalenol
- Trichothecenes
- Patulin
- Others (alkaloids, sterigmatocystin, cyclopiazonic acid, citrinin, and other plant toxins)
On the basis of sample, the mycotoxin testing market has been segmented as follows: (Revenue, USD Million; 2020-2028)
- Food
- Cereals, grains, and pulses
- Milk milk products
- Meat, poultry, and seafood
- Nuts, seeds, and spices
- Fruits vegetables
- Others (processed food, food additives such as colors flavors, preservatives, and thickening agents)
- Feed
- Cereals cereal byproducts
- Seeds seed products
- Forage silage
- Others (feed ingredients concentrates)
On the basis of Technology, the mycotoxin testing market has been segmented as follows: (Revenue, USD Million; 2020-2028)
- Chromatography- spectroscopy based
- High-performance liquid chromatography (HPLC)
- Others (GC, LC, coupled chromatography, and tandem spectrometry)
- Immunoassay-based
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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