Mycotoxin testing plays a pivotal role in food safety, identifying harmful toxins produced by molds. It ensures the quality of agricultural commodities, processed foods, and animal feed Utilizing techniques such as chromatography and immunoassays, mycotoxin testing offers accurate detection and quantification. This process is essential for regulatory compliance, preventing health risks to humans and animals. Safeguarding food supply chains, mycotoxin testing maintains consumer trust, promotes public health, and supports the agricultural and food industries in delivering safe and uncontaminated products.
According to Data Bridge Market Research, the Global Mycotoxin Testing Market accounted for USD 865.63 million in 2021 and is expected to reach USD 1,509.70 million by 2029. The market is expected to grow with a CAGR of 7.2% in the forecast period of 2022 to 2029.
“Expansion of international food trade boosts the market’s growth”
The expansion of the international food trade amplifies the mycotoxin market's progress. As food products cross borders, the risk of mycotoxin contamination rises due to varying storage and transportation conditions. Stringent regulations and heightened awareness of mycotoxin-related health concerns drive the demand for effective detection and management solutions. This escalating global trade underscores the importance of safeguarding food safety, fostering the need for mycotoxin testing and mitigation strategies, thus propelling market growth.
What restraints the growth of the global mycotoxin testing market?
“Lack of proper organization and coordination restraints the market’s growth”
A lack of proper organization and coordination hampers the expansion of the mycotoxin market. Inadequate protocols for monitoring, testing, and regulation hinder effective mycotoxin management. The absence of streamlined measures leads to inconsistent practices, making it challenging to mitigate mycotoxin contamination efficiently. This disarray limits the market's growth potential, as it underscores the urgency to establish cohesive systems that ensure consistent monitoring, prevention, and mitigation strategies to enhance food safety and consumer health.
Segmentation: Global Mycotoxin Testing Market
The global mycotoxin testing market is segmented on the basis of type, product type, technology, sample, and end-user.
- On the basis of type, the mycotoxin testing market is segmented into aflatoxins, ochratoxins, fusarium toxins, deoxynivalenol, patulin, cyclopiazonic acid, ergot alkaloids, citrinin, sterigmatocystin, alternaria, t-2 toxin, and others.
- On the basis of product type, the mycotoxin testing market is segmented into devices, reagents, and 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.
- On the basis of sample, the mycotoxin testing market is segmented into food and beverages, feed, pharmaceuticals, and others.
- On the basis of end-user, the mycotoxin testing market is segmented into research lab, research institutes, food testing industries, feed testing industries, and others.
Regional Insights: North America dominates Global Mycotoxin Testing Market
North America dominates the market due to the United States stands at the forefront of innovative industries, propelling expansive research and development endeavors. This drive leads to the creation of diverse product types including devices, reagents, kits, and additional services. Moreover, the projected growth rate from 2022 to 2029 is promising, attributed to the escalating adoption of reagents and kits.
- In Europe, Germany is dominating the market due to its advanced food safety regulations, robust testing infrastructure, and strong agricultural sector. These factors position it as a leader in mycotoxin detection and management.
- In Asia-Pacific region, China is dominating due to technological advancements and innovative food testing methods. Increasing consumption trends and evolving lifestyles within the region further contribute to the market's growth and demand for mycotoxin mitigation solutions.
Recent Developments
- In October 2019, SGS unveiled the enlargement of its novel food microbiological testing laboratory situated in Fairfield, New Jersey, USA. Spanning 2,000 square feet, this advanced facility employs cutting-edge information technology to deliver a wide array of testing services catering to food producers, manufacturers, and suppliers across diverse food categories.
- In March 2019, SGS revealed the augmentation of its state-of-the-art food microbiological testing laboratory in Carson, California. This microbiological testing facility spans 2,400 square feet, showcasing SGS's commitment to extending its geographical reach and enhancing its worldwide network of agriculture and food laboratories.
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The Prominent Key Players Operating in the Global Mycotoxin Testing Market Include:
- SGS (Switzerland)
- Bureau Veritas (France)
- Eurofins Scientific (Luxembourg)
- Intertek Group plc (U.K.)
- Mérieux NutriSciences Corporation (U.S.)
- ALS Limited (Australia)
- Neogen (U.S.)
- AsureQuality (New Zealand)
- Charm Sciences (U.S.)
- Premier Analytical Services (U.K.)
- Dairyland Laboratories (U.S.)
- Bio-Check (U.K.)
- AES Laboratories (India)
- IEH Laboratories and Consulting Group (U.S.)
- Envirologix Inc. (U.S.)
- EMSL Analytical, Inc. (U.S.)
- Krishgen Biosystems (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global mycotoxin testing market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Mycotoxin Testing Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. 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, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
