Global Mycotoxin Testing Market Size, Demand, Analysis, Price and Future Forecasts

Press Release

Global Mycotoxin Testing Market

By Mycotoxin Type (Ochratoxins, Fusarium Toxins, Aflatoxins, Patulin, Others), By Technology (Chromatography Techniques, Mass Spectroscopy techniques, Enzyme Linked Immunosorbent Assay (ELISA), Others), By Application (Food Products, feed Products, Others), By End User (Food and Feed Testing Industries, Research Institutes), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024

Global mycotoxin testing market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) from 2018 to 2024.

Market Outline:

Mycotoxins are the toxic secondary metabolites produced by the microfungi that have capability to cause disease or death in human beings and animals. These are found majorly in food and feedstuff such as cereals, grains, and seeds. These are unable to identify with the naked eye, so, mycotoxin testing carried to determine the qualitative and quantitative analysis of mycotoxins present in the food and feed products

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Market Dynamics:

Increase in the demand for quality food and feed products coupled with rise in international trading drives the global mycotoxin testing market over the forecast years. Moreover, rise in R&D for the innovation of newer tests to identify the mycotoxins, unfavorable environmental conditions results in mycotoxin growth in food and feed products, stringent food safety regulations, and product recalls due to presence of toxic substances are surge the global mycotoxin testing market over the forecast years. However, lack of awareness about the food and feed regulations among the producers, high cost of testing, poor infrastructure facilities and food controller systems in underdeveloping economies, and lack of skilled professionals for advanced technologies are restrain the growth of global mycotoxin testing market.

Market Scope:

Global mycotoxin testing market is segmented based on mycotoxin type, technology, application, and end user

Based on mycotoxin type, market is segmented into the following:

  • Ochratoxins
  • Fusarium Toxins
  • Aflatoxins
  • Patulin
  • Others

Based on the technology, market is segmented into the following:

  • Chromatography Techniques
  • Mass Spectroscopy techniques
  • Enzyme Linked Immunosorbent Assay (ELISA)
  • Others

Based on the Application, the market is segmented into the following:

  • Food Products
  • Cereals and Pulses
  • Poultry and Meat
  • Fruits and Vegetables
  • Nuts and Seeds
  • Others
  • Feed Products
  • Forage and Silage
  • Feed concentrates
  • Oil Meals and Cakes
  • Others Feed Ingredients
  • Others

Based on the end users, the market is segmented into the following:

  • Food and Feed Testing Industries
  • Research Institutes

 Regional Analysis: Global Mycotoxin Testing Market

Geographically, global mycotoxin testing market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America mycotoxin testing market is poised to grow due to rise in R&D for the innovation of newer tests, stringent regulations for the feed safety by USFDA, and rise in demand for quality food products are bolster the market. Europe mycotoxin testing market is driving by rise in number of food and feed testing industries in Europe countries, stringent regulations for food safety by EFSA and EU Reference Laboratories (EURLs), increase in international trading for food and feed products, and rise in consumption of packaged food are surge the market. Asia Pacific mycotoxin testing market has prominent share attributed to increase in the agriculture production, rise in international trading from India and China, grow in awareness about the food and feed toxins, and adoption of newer tests and technologies are propel the market.

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Competition Assessment: Global Mycotoxin Testing Market

Some of the players in the global mycotoxin testing market include:

  • Eurofins Scientific (Luxembourg)
  • Intertek Group Plc (U.K.)
  • Romer Labs Diagnostic GmbH (Austria)
  • Bureau Veritas SA (France)
  • SGS S.A. (Switzerland)
  • Silliker Inc (U.S.)
  • Microbac Laboratories Inc (U.S.)
  • ALS Limited (Australia)
  • AsureQuality Ltd (New Zealand)
  • Symbio Laboratories (Australia)

 Notable Market Developments: Global Mycotoxin Testing Market

  • In May 2017, Romer Labs launched ELISA test kit for the detection of Aflatoxin M1 in raw materials and finished products.

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