Research Reports And Consulting #Mycotoxin Testing Market

The report "Mycotoxin Testing Market by Type (Aflatoxins, Ochratoxin, Fumonisins, Zearalenone, deoxynivalenol, Trichothecenes, Patulin), Technology (Chromatography- & Spectroscopy-Based, Immunoassay-Based), Sample (Feed & Food), and Region - Global Forecast to 2025", size is projected to reach USD 1,337 million by 2025, which was estimated at USD 946 million in 2020; it is expected to grow at a CAGR of 7.1% from 2020. The market is driven by factors such as implementation of stringent regulatory compliance on mycotoxin detecton, growth in international trade that will lead to increase in testing on both souring and destination place of the goods, and increasing consumers awareness for certification of products for different toxins and food & feed born mycotoxins. Also, rising humid atmospheric condition leading to an increase in mycotoxin has been driving the growth of this market.
The mycotoxin testing market includes major Tier I and II suppliers like SGS, Eurofins, Bureau Veritas, Intertek, ALS Limited, Neogen, AsureQuality, Microbac Labratories Inc., Romer Labs, Smbio Alliance Labrotaries, OMIC USA Inc, and Merieux Nutrascience. These serivc poviders have their facilities spread across various countries across Asia Pacific, Europe, North America, South America, and RoW. Though COVID-19 has impacted their businesses as well, there is no significant impact on the global operations of their mycotoxin testing services. The international trade barriers, closure of restaurants, hotels, and live animal markets, supply chain hindrances, consumption patterns of livestock-based products were considered to be moderately significant, which has disrupted the market for myctoxin testing.
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With the introduction of stringent regulations, Europe is estimated to be the largest market during the forecast period.
The mycotoxin market in Europe is driven by the introduction of stringent regulations pertaining to the mycotoxin testing in food as well as feed. According to Europa, European Food Safety Authority (EFSA) collects and evaluates occurrence data on mycotoxins in food and feed. It also prepares guidance for applicants on how to conduct the safety and efficacy assessment of feed additives that help to reduce the contamination of feed by mycotoxins. Increasing awareness about the effects of myctoxin in food and feed products has lead to increased demand and concerns for certification details over products, this is projected to contribute to the market growth.
This report includes a study on the marketing and development strategies, along with a study on the service portfolios of the leading companies. It includes the profiles of leading companies such as 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).
The food mycotoxin testing segment is projected to be the largest market during the forecast period.
The food segment is estimated to account for a largest market share during the forecast period, as mycotoxins cannot be destroyed by conventional food processing techniques and have toxin effects in humans after consumption such as immunosuppression, irritable skin, birth defects, and neurotoxicity. International trade mandates also call for more testing to be conducted on food products. Genotyping techniques have helped scientists in the identification of mycotoxin-producing fungi. Mycotoxins in food lead to significant economic losses and impacts the international trade as well as the health of humans.
The aflatoxin segment is estimated to witness the fastest growth in the mycotoxin testing during the forecast period.
Mycotoxin prevalence is a problem growing worldwide as fungi can grow in various climatic conditions. Thus, proper testing of such contaminants at every stage of the supply chain is required to avoid foodborne diseases. Aflatoxins are considered one of the most dangerous types among the group of mycotoxins present in food and feed. It is produced by the fungi–Aspergillus flavus and Aspergillus parasiticus. This concern has lead to grow aflatoxin segment at the fastets growth rate. The mild to life-threatening disorders associated with aflatoxin contamination, birth defects among infants, chronic diarrhea, and immunosuppression. Aflatoxins are potent carcinogens and could lead to cases of liver cancer, these are the factors creating an opportunity for the growth of the aflatoxin testing market.
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Driver: Implementation of stringent regulations related to mycotoxin detection
Various government and regulatory bodies across the world have made testing of animal feed and food ingredients mandatory. The regulatory authorities do not approve animal feed for marketing, unless its safety and efficacy are proven. Such measures to prevent potential threats of contamination, chemicals, and toxic presence have been affecting the growth of the mycotoxin testing market greatly. To protect human and animal health, many countries have enacted specific regulations for mycotoxins in food and animal feed. Currently, more than 100 countries have formal mycotoxin regulations for food and feed. The mycotoxin regulations are the most stringent in the EU, where various organizations and pan-European networks contribute to combat the problems related to mycotoxin.
In May 2006, in Kenya, an outbreak of acute aflatoxicosis was reported, where aflatoxin contamination of homegrown corn has been a recurrent problem. CDC teams worked with the Kenyan Ministry of Health for the trial of a rapid, portable aflatoxin screening tool that could be used in the field to identify contaminated corn and guide urgent corn replacement efforts during an outbreak.

The global mycotoxin testing market size estimated at USD 946 million in 2020 and is projected to grow at a CAGR of 7.1% to reach USD 1,337 million by 2025. The market has a promising growth potential due to several factors, including the increasing awareness of mycotoxin testing and strict government regulations for mycotoxin testing in both food and feed products. Increase in instances of foodborne illnesses due to mycotoxin contamination, growth in demand for compliance with international trade mandates, and change in atmospheric conditions are some factors that are driving the market.

The demand for mycotoxin testing is significantly increasing due to factors such as growing recalls and border rejections with growth in international food trade, stringent regulations across various countries, and changing climatic conditions. The high cost associated with the installation of technologies inhibits the growth of the mycotoxin testing market. The European region is projected to account for the largest market, owing to the growing prevalence of Fusarium toxins due to changing climatic conditions, coupled with the strengthening of the feed and food mycotoxin testing policies by the contributed efforts of Control Laboratories (CLs), National reference laboratories (NLRs), and EU Reference Laboratories (EURLs).

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The mycotoxin testing market, by technology, constitutes of two segments, namely, chromatography- & spectroscopy-based and immunoassay-based. The chromatography- & spectroscopy-based segment is projected to grow at a higher CAGR, owing to the faster and reliable test results of LC-MS/MS, fueling the market growth for mycotoxin testing.

The mycotoxin testing market, by sample, is segmented into food and feed. The cereals, grains, and pulses segment in the food mycotoxin testing market recorded the highest CAGR, due to a higher level of contamination with various mycotoxins. Cereals, grains, and pulses are more susceptible to the co-occurrence of mycotoxin, thereby creating demand for testing, as these are used in various products for food processing.

Increasing food trade across borders of emerging markets, launch of advanced technologies for the detection of mycotoxins, rise in co-occurrence of mycotoxins, launch of economic multi-toxin analysis systems, and increase in demand for cereal products and oats and the emergence of new mycotoxins in agricultural commodities such as enniatins, beauvericin, moniliformin, fusaproliferin, fusaric acid, culmorin, butenolide, sterigmatocystin, emodin, mycophenolic acid, alternariol, alternariol monomethyl ether, and tenuazonic acid prove to be some of the opportunities in this market.

The major players in the industry are focusing on new service, technology, and services launches; mergers & acquisitions; expansions & investments; and agreements, collaborations, partnerships, and mergers to increase the global footprint in the area of mycotoxin testing.

Asia Pacific is estimated to be the fastest growing market of the mycotoxin testing in 2020, The climatic conditions in the Asia Pacific region range from tropical to semi-tropical and temperate, which are conducive to the growth of mycotoxins. There is a growing awareness among the poultry farmers about the presence of other mycotoxins besides aflatoxins such as ochratoxin, T-2 toxin, deoxynivalenol (DON), zearalenone, citrinin, and, fumonisins in the Asia Pacific region. Aflatoxins accounted for the largest market share, followed by ochratoxins. The growth in this region is largely driven by China, Japan, and India.

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The key players in the mycotoxin testing market include 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). 

Service providers adopted various growth strategies such as new services, technologies, and product launches; expansions & investments; acquisitions; and agreements, collaborations, mergers, and partnerships to cater to the increasing demand for testing and to strengthen their position in the market.

 The global mycotoxin testing market size estimated at USD 946 million in 2020 and is projected to grow at a CAGR of 7.1% to reach USD 1,337 million by 2025. The market has a promising growth potential due to several factors, including the increasing awareness of mycotoxin testing and strict government regulations for mycotoxin testing in both food and feed products. Increase in instances of foodborne illnesses due to mycotoxin contamination, growth in demand for compliance with international trade mandates, and change in atmospheric conditions are some factors that are driving the market.

The demand for mycotoxin testing is significantly increasing due to factors such as growing recalls and border rejections with growth in international food trade, stringent regulations across various countries, and changing climatic conditions. The high cost associated with the installation of technologies inhibits the growth of the mycotoxin testing market. The European region is projected to account for the largest market, owing to the growing prevalence of Fusarium toxins due to changing climatic conditions, coupled with the strengthening of the feed and food mycotoxin testing policies by the contributed efforts of Control Laboratories (CLs), National reference laboratories (NLRs), and EU Reference Laboratories (EURLs).

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https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=229073477

The mycotoxin testing market, by technology, constitutes of two segments, namely, chromatography- & spectroscopy-based and immunoassay-based. The chromatography- & spectroscopy-based segment is projected to grow at a higher CAGR, owing to the faster and reliable test results of LC-MS/MS, fueling the market growth for mycotoxin testing.

The mycotoxin testing market, by sample, is segmented into food and feed. The cereals, grains, and pulses segment in the food mycotoxin testing market recorded the highest CAGR, due to a higher level of contamination with various mycotoxins. Cereals, grains, and pulses are more susceptible to the co-occurrence of mycotoxin, thereby creating demand for testing, as these are used in various products for food processing.

Increasing food trade across borders of emerging markets, launch of advanced technologies for the detection of mycotoxins, rise in co-occurrence of mycotoxins, launch of economic multi-toxin analysis systems, and increase in demand for cereal products and oats and the emergence of new mycotoxins in agricultural commodities such as enniatins, beauvericin, moniliformin, fusaproliferin, fusaric acid, culmorin, butenolide, sterigmatocystin, emodin, mycophenolic acid, alternariol, alternariol monomethyl ether, and tenuazonic acid prove to be some of the opportunities in this market.

The major players in the industry are focusing on new service, technology, and services launches; mergers & acquisitions; expansions & investments; and agreements, collaborations, partnerships, and mergers to increase the global footprint in the area of mycotoxin testing.

Asia Pacific is estimated to be the fastest growing market of the mycotoxin testing in 2020, The climatic conditions in the Asia Pacific region range from tropical to semi-tropical and temperate, which are conducive to the growth of mycotoxins. There is a growing awareness among the poultry farmers about the presence of other mycotoxins besides aflatoxins such as ochratoxin, T-2 toxin, deoxynivalenol (DON), zearalenone, citrinin, and, fumonisins in the Asia Pacific region. Aflatoxins accounted for the largest market share, followed by ochratoxins. The growth in this region is largely driven by China, Japan, and India.

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The key players in the mycotoxin testing market include 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). Service providers adopted various growth strategies such as new services, technologies, and product launches; expansions & investments; acquisitions; and agreements, collaborations, mergers, and partnerships to cater to the increasing demand for testing and to strengthen their position in the market.

The global mycotoxin testing market size estimated at USD 946 million in 2020 and is projected to grow at a CAGR of 7.1% to reach USD 1,337 million by 2025. The market has a promising growth potential due to several factors, including the increasing awareness of mycotoxin testing and strict government regulations for mycotoxin testing in both food and feed products. Increase in instances of foodborne illnesses due to mycotoxin contamination, growth in demand for compliance with international trade mandates, and change in atmospheric conditions are some factors that are driving the market.

The demand for mycotoxin testing is significantly increasing due to factors such as growing recalls and border rejections with growth in international food trade, stringent regulations across various countries, and changing climatic conditions. The high cost associated with the installation of technologies inhibits the growth of the mycotoxin testing market. The European region is projected to account for the largest market, owing to the growing prevalence of Fusarium toxins due to changing climatic conditions, coupled with the strengthening of the feed and food mycotoxin testing policies by the contributed efforts of Control Laboratories (CLs), National reference laboratories (NLRs), and EU Reference Laboratories (EURLs).

Make an Inquiry:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=229073477

The mycotoxin testing market, by technology, constitutes of two segments, namely, chromatography- & spectroscopy-based and immunoassay-based. The chromatography- & spectroscopy-based segment is projected to grow at a higher CAGR, owing to the faster and reliable test results of LC-MS/MS, fueling the market growth for mycotoxin testing.

The mycotoxin testing market, by sample, is segmented into food and feed. The cereals, grains, and pulses segment in the food mycotoxin testing market recorded the highest CAGR, due to a higher level of contamination with various mycotoxins. Cereals, grains, and pulses are more susceptible to the co-occurrence of mycotoxin, thereby creating demand for testing, as these are used in various products for food processing.

Increasing food trade across borders of emerging markets, launch of advanced technologies for the detection of mycotoxins, rise in co-occurrence of mycotoxins, launch of economic multi-toxin analysis systems, and increase in demand for cereal products and oats and the emergence of new mycotoxins in agricultural commodities such as enniatins, beauvericin, moniliformin, fusaproliferin, fusaric acid, culmorin, butenolide, sterigmatocystin, emodin, mycophenolic acid, alternariol, alternariol monomethyl ether, and tenuazonic acid prove to be some of the opportunities in this market.

The major players in the industry are focusing on new service, technology, and services launches; mergers & acquisitions; expansions & investments; and agreements, collaborations, partnerships, and mergers to increase the global footprint in the area of mycotoxin testing.

Asia Pacific is estimated to be the fastest growing market of the mycotoxin testing in 2020, The climatic conditions in the Asia Pacific region range from tropical to semi-tropical and temperate, which are conducive to the growth of mycotoxins. There is a growing awareness among the poultry farmers about the presence of other mycotoxins besides aflatoxins such as ochratoxin, T-2 toxin, deoxynivalenol (DON), zearalenone, citrinin, and, fumonisins in the Asia Pacific region. Aflatoxins accounted for the largest market share, followed by ochratoxins. The growth in this region is largely driven by China, Japan, and India.

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The key players in the mycotoxin testing market include 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). Service providers adopted various growth strategies such as new services, technologies, and product launches; expansions & investments; acquisitions; and agreements, collaborations, mergers, and partnerships to cater to the increasing demand for testing and to strengthen their position in the market.

 The global mycotoxin testing market size estimated at USD 946 million in 2020 and is projected to grow at a CAGR of 7.1% to reach USD 1,337 million by 2025. The market has a promising growth potential due to several factors, including the increasing awareness of mycotoxin testing and strict government regulations for mycotoxin testing in both food and feed products. Increase in instances of foodborne illnesses due to mycotoxin contamination, growth in demand for compliance with international trade mandates, and change in atmospheric conditions are some factors that are driving the market.

The demand for mycotoxin testing is significantly increasing due to factors such as growing recalls and border rejections with growth in international food trade, stringent regulations across various countries, and changing climatic conditions. The high cost associated with the installation of technologies inhibits the growth of the mycotoxin testing market. The European region is projected to account for the largest market, owing to the growing prevalence of Fusarium toxins due to changing climatic conditions, coupled with the strengthening of the feed and food mycotoxin testing policies by the contributed efforts of Control Laboratories (CLs), National reference laboratories (NLRs), and EU Reference Laboratories (EURLs).

Make an Inquiry:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=229073477

The mycotoxin testing market, by technology, constitutes of two segments, namely, chromatography- & spectroscopy-based and immunoassay-based. The chromatography- & spectroscopy-based segment is projected to grow at a higher CAGR, owing to the faster and reliable test results of LC-MS/MS, fueling the market growth for mycotoxin testing.

The mycotoxin testing market, by sample, is segmented into food and feed. The cereals, grains, and pulses segment in the food mycotoxin testing market recorded the highest CAGR, due to a higher level of contamination with various mycotoxins. Cereals, grains, and pulses are more susceptible to the co-occurrence of mycotoxin, thereby creating demand for testing, as these are used in various products for food processing.

Increasing food trade across borders of emerging markets, launch of advanced technologies for the detection of mycotoxins, rise in co-occurrence of mycotoxins, launch of economic multi-toxin analysis systems, and increase in demand for cereal products and oats and the emergence of new mycotoxins in agricultural commodities such as enniatins, beauvericin, moniliformin, fusaproliferin, fusaric acid, culmorin, butenolide, sterigmatocystin, emodin, mycophenolic acid, alternariol, alternariol monomethyl ether, and tenuazonic acid prove to be some of the opportunities in this market.

The major players in the industry are focusing on new service, technology, and services launches; mergers & acquisitions; expansions & investments; and agreements, collaborations, partnerships, and mergers to increase the global footprint in the area of mycotoxin testing.

Asia Pacific is estimated to be the fastest growing market of the mycotoxin testing in 2020, The climatic conditions in the Asia Pacific region range from tropical to semi-tropical and temperate, which are conducive to the growth of mycotoxins. There is a growing awareness among the poultry farmers about the presence of other mycotoxins besides aflatoxins such as ochratoxin, T-2 toxin, deoxynivalenol (DON), zearalenone, citrinin, and, fumonisins in the Asia Pacific region. Aflatoxins accounted for the largest market share, followed by ochratoxins. The growth in this region is largely driven by China, Japan, and India.

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The key players in the mycotoxin testing market include 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). Service providers adopted various growth strategies such as new services, technologies, and product launches; expansions & investments; acquisitions; and agreements, collaborations, mergers, and partnerships to cater to the increasing demand for testing and to strengthen their position in the market.

The global mycotoxin testing market size estimated at USD 946 million in 2020 and is projected to grow at a CAGR of 7.1% to reach USD 1,337 million by 2025. The market has a promising growth potential due to several factors, including the increasing awareness of mycotoxin testing and strict government regulations for mycotoxin testing in both food and feed products. Increase in instances of foodborne illnesses due to mycotoxin contamination, growth in demand for compliance with international trade mandates, and change in atmospheric conditions are some factors that are driving the market.

The demand for mycotoxin testing is significantly increasing due to factors such as growing recalls and border rejections with growth in international food trade, stringent regulations across various countries, and changing climatic conditions. The high cost associated with the installation of technologies inhibits the growth of the mycotoxin testing market. The European region is projected to account for the largest market, owing to the growing prevalence of Fusarium toxins due to changing climatic conditions, coupled with the strengthening of the feed and food mycotoxin testing policies by the contributed efforts of Control Laboratories (CLs), National reference laboratories (NLRs), and EU Reference Laboratories (EURLs).

Make an Inquiry:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=229073477

The mycotoxin testing market, by technology, constitutes of two segments, namely, chromatography- & spectroscopy-based and immunoassay-based. The chromatography- & spectroscopy-based segment is projected to grow at a higher CAGR, owing to the faster and reliable test results of LC-MS/MS, fueling the market growth for mycotoxin testing.

The mycotoxin testing market, by sample, is segmented into food and feed. The cereals, grains, and pulses segment in the food mycotoxin testing market recorded the highest CAGR, due to a higher level of contamination with various mycotoxins. Cereals, grains, and pulses are more susceptible to the co-occurrence of mycotoxin, thereby creating demand for testing, as these are used in various products for food processing.

Increasing food trade across borders of emerging markets, launch of advanced technologies for the detection of mycotoxins, rise in co-occurrence of mycotoxins, launch of economic multi-toxin analysis systems, and increase in demand for cereal products and oats and the emergence of new mycotoxins in agricultural commodities such as enniatins, beauvericin, moniliformin, fusaproliferin, fusaric acid, culmorin, butenolide, sterigmatocystin, emodin, mycophenolic acid, alternariol, alternariol monomethyl ether, and tenuazonic acid prove to be some of the opportunities in this market.

The major players in the industry are focusing on new service, technology, and services launches; mergers & acquisitions; expansions & investments; and agreements, collaborations, partnerships, and mergers to increase the global footprint in the area of mycotoxin testing.

Asia Pacific is estimated to be the fastest growing market of the mycotoxin testing in 2020, The climatic conditions in the Asia Pacific region range from tropical to semi-tropical and temperate, which are conducive to the growth of mycotoxins. There is a growing awareness among the poultry farmers about the presence of other mycotoxins besides aflatoxins such as ochratoxin, T-2 toxin, deoxynivalenol (DON), zearalenone, citrinin, and, fumonisins in the Asia Pacific region. Aflatoxins accounted for the largest market share, followed by ochratoxins. The growth in this region is largely driven by China, Japan, and India.

Request Sample of this Report:
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The key players in the mycotoxin testing market include 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). Service providers adopted various growth strategies such as new services, technologies, and product launches; expansions & investments; acquisitions; and agreements, collaborations, mergers, and partnerships to cater to the increasing demand for testing and to strengthen their position in the market.