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Global Mycotoxin Testing Market an estimated value USD 1400.91 millions by 2026 | Major Players-Romer Labs Division Holding GmbH; SGS SA; ALS Limited; Symbio Laboratories; Microbac Laboratories, Inc.

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The Global Mycotoxin Testing marketing research report could be a skilled and in-depth study on the present state of Market. The market Report additionally calculates the market size, the report considers the revenue generated from the sales of This Report and technologies by varied application segments. The report provides key statistics on the market standing of worldwide and regional Global Mycotoxin Testing Market makers and could be a valuable supply of steerage and direction for corporations and people inquisitive about the trade.

Market Analysis:

Global Mycotoxin Testing Market is expected to rise from its initial estimated value of USD 873 million in 2018 to an estimated value of USD 1400.91 million by 2026, registering a CAGR of 6.09% in the forecast period of 2019-2026.

This rise in market value can be attributed to growing volumes and prevalence of international trades requiring

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Key Market Competitors: Global Mycotoxin Testing Market

Few of the major competitors currently working in the mycotoxin testing market are-Bureau Veritas; Eurofins Scientific; AsureQuality; Romer Labs Division Holding GmbH; SGS SA; ALS Limited; Symbio Laboratories; Microbac Laboratories, Inc.; NEOGEN CORPORATION; Intertek Group plc; VICAM, A Waters Business; OMIC USA Inc.; Mérieux NutriSciences and EnviroLogix.

Market Definition:

Mycotoxins can be defined as the harmful chemicals that are the produced by molds and fungi. These chemicals are a cause of a number of potential harmful diseases affecting everyone coming in contact with the affected food grain. This requires the need for testing and identifying these harmful chemicals in food grains and crops being grown over farms.

Market Drivers:

Variations in temperature and rise in levels of humidity leading to prevalence of mycotoxins; this factor is expected to drive the market growth

Growing awareness regarding presence of harmful toxins present in the various food and beverages has resulted in increasing demand for food testing services

Segmentation:

By Type (Aflatoxins, Ochratoxins, Fumonisins, Deoxynivalenol, Trichothecenes, Zearalenone, Patulin, Others),

By Sample (Food, Feed),

By Technology (Chromatography & Spectroscopy Based, Immunoassay-Based),

By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

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Key Developments in the Market:

In January 2019, Bureau Veritas and AsureQuality announced that they had collaborated to form a food testing company based out of Singapore that will provide vast levels of food and water testing capabilities and equipment services to the Asia region.

In November 2017, Eurofins Scientific announced that they had acquired Spectro Analytical Labs Ltd. With this acquisition Eurofins will be able to provide their expertise in testing and analysis to India and the neighbouring regions.

Competitive Analysis: Global Mycotoxin Testing Market

Global mycotoxin testing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of mycotoxin testing market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Insights in the report:

Competitive analysis of key competitors involved in the market

Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026

Market drivers and restraints analysis along with the analysis of the market structure

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