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Sep, 30 2020

Asia-Pacific Mycotoxin Testing Market is Expected to Grow at 8.0% in the Forecast Period of 2020 to 2027

Asia-Pacific Mycotoxin Testing Market is growing with factors such as consumer awareness regarding the presence of mycotoxins and straightens government regulations regarding food safety is enhancing the growth of the Asia-Pacific mycotoxin testing market.

The increasing need for food safety is creating demand for mycotoxin testing. Mycotoxins are toxic chemicals produced by molds and fungi that especially threaten food crops and grain. Scientific discipline for handling, preparing and storing of food to prevent food-borne illness is known as food safety. There is a possibility of severe illness due to consumption of contaminated food such as with mycotoxin. Need for food safety has been raised to avoid all impacts raised due to mycotoxin contamination which is responsible driving factor for Asia-Pacific mycotoxin testing market. Lack of instrumentations for testing and food control infrastructure in emerging countries is expected to restrict the growth of the market.

Asia-Pacific Mycotoxin Testing Market Scenario

According to Data Bridge Market Research the market for Asia-Pacific mycotoxin testing market, Bureau Veritas has the largest market share of approximately 14.18%. In recent time, Bureau Veritas is playing major role by providing inspection, testing, and certification services in market and helping the food manufacturer to fulfill consumer need in food sector.

The company operates in the different business segments which include marine & offshore, agri-food & commodities, industry, buildings & infrastructure, certification and consumer products. The product for the mycotoxin testing market belongs in agri-food & commodities. For enhancing their revenue, the company has taken strategic decisions in market.

For instance,

  • In March 2018, Bureau Veritas acquired EMG Corporation (EMG). With this acquisition the company has expanded its service portfolio and also increased its brand value which has helped the company to increase its revenue.

Asia-Pacific Mycotoxin Testing MarketTrends impacting the Asia-Pacific Mycotoxin Testing Market

Now the question is which are the other regions that Bureau Veritas, SGS S.A, Intertek Group plc are targeting? Data Bridge Market Research has forecast a large growth in Asia-Pacific mycotoxin testing market and the market leaders are targeting Japan and India to be their next revenue pockets for 2020.

The Asia-Pacific mycotoxin testing market is becoming more competitive every year with companies such as Bureau Veritas, SGS S.A, Intertek Group plc are the market leaders for mycotoxin testing. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the Asia-Pacific mycotoxin testing market.

For more analysis on the Asia-Pacific mycotoxin testing market request for a briefing with our analysts

Asia-Pacific Mycotoxin Testing Market Developments

  • In March 2020, NEOGEN Corporation acquired Magiar Chilena which is a distributor of food, animal, and plant diagnostics, including NEOGEN products. This acquisition will help the company to increase the brand value and will also help in increasing revenue of the company.
  • In April 2018, Eurofins Scientific acquired LabCorp and Covance Food Solutions food testing and consulting business which has broadened company’s end use segment along with entire food supply chain. With this acquisition the company has increased its footprint across Asia and U.K. resulting in the increase in global sales for the company.

Scope of the Asia-Pacific Mycotoxin Testing Market

All analysis of the Asia-Pacific mycotoxin testing market is further analyzed based on maximum granularity into further segmentation. On the basis of type, the mycotoxin testing market is segmented into Aflatoxins, , Ochratoxins, Fusarium Toxins, Deoxynivalenol, Patulin, Penicillium Toxins, Cyclopiazonic Acid, Ergot Alkaloids, Citrinin, Sterigmatocystin, Alternaria, T-2 Toxin, Others. On the basis of product type, the mycotoxin testing market is segmented into devices, reagents & kits, and services. On the basis of technology, the mycotoxin testing market is segmented into chromatography based, immunoassay-based, lateral flow assay based, spectroscopy based, and others. Based on sample, the mycotoxin testing market is segmented into food & beverages, feed, and pharmaceuticals. On the basis of end user, the mycotoxin testing market is segmented into research lab, research institutes, food testing industries, feed testing industries and other.

To know more about the study

Key Pointers Covered in the Asia-Pacific Mycotoxin Testing Market Industry Trends and Forecast to 2027

  • Market Size
  • Asia-Pacific mycotoxin testing Regulatory Framework and Changes
  • Recent Developments for Market Competitors
  • Sales data for Market Competitors
  • Key vendors and disruptors study
  • Supply Chain Competiveness

Key Market Competitors Covered in the Report

  • Veritas
  • Symbio Laboratories
  • Intertek Group plc
  • Eurofins Scientific
  • NEOGEN Corporation.
  • EnviroLogix
  • A Waters Business
  • SGS SA
  • Fera Science Limited (A Subsidiary Of Capita plc.)
  • SYNLAB International GmbH
  • AB SciexPte. Ltd.
  • R-Biopharm AG
  • R J Hill Laboratories Limited
  • Japan Food Research Laboratories
  • BioMérieux NutriSciences
  • QIMA
  • Certified Laboratories
  • Romer Labs Division Holding GmbH
  • AsureQuality

Above are the key players covered in the report to know about more and exhaustive list of Asia-Pacific mycotoxin testing companies contact us

Research Methodology: Asia-Pacific Mycotoxin Testing Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecast using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

  • Primary Respondents
  • Demand Side: Government Fleets, Personal Consumers, Researchers, Food & Feed Specialists.
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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