Bureau Veritas, SGS S.A. and Intertek Group plc are Dominating the Asia-Pacific Mycotoxin Testing Market in 2019

Asia-Pacific Mycotoxin Testing Market is expected to grow with the CAGR of 8.0% in the forecast period 2020 to 2027. The years considered for study are as mentioned below.

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Asia-Pacific mycotoxin testing market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed various mergers and acquisitions and partnerships for expanding their product portfolio of different types of testings in market that have led the key players to establish their foot prints.

The major players dealing in Asia-Pacific mycotoxin testing market are acquiring other smaller players in the market which has helped the company to maximize the sales with enhanced product portfolio and increased demand for its product in market leading to increased revenue in future. For instance, In May 2019, SGS SA acquired Chemical Solutions Ltd Which is a recognized testing laboratory, specializing for food, nutraceuticals, pharmaceutical and cosmetic products. This acquisition has helped in providing qualitative offering in terms of testing.

Bureau Veritas is the dominating player in the Asia-Pacific mycotoxin testing market. The other key players existing in the market includes SGS SA, Intertek Group plc, and Romer Labs Division Holding GmbH, EnviroLogix, NEOGEN Corporation, Symbio Laboratories, Eurofins Scientific, AsureQuality, SYNLAB International GmbH, LGC Limited (A Subsidiary of Kohlberg Kravis Roberts & Co. L.P.), AB Sciex Pte. Ltd., Japan Food Research Laboratories, Mérieux NutriSciences Corporation, QIMA, R-Biopharm AG, R J HILL LABORATORIES LIMITED, TLR International Laboratories and TÜV SÜD among others.

Asia-Pacific Mycotoxin Testing MarketBureau Veritas:

Bureau Veritas is headquartered in France which was founded in 1928. The company focuses on inspection, testing and certification services in order to maximize the reputation of brand among clients. The company deals in number of business segments they are marine & offshore, agri-food & commodities, industry, buildings & infrastructure, certification, and consumer products. The market focused business segment for our market is agri-food & commodities. The company provides its products through its service categories and they are Agri services, building science, certification, chemical product testing, compressed breathing gas, DNA & eDNA, ecotoxicology, environmental services, environmental DNA (eDNA), forensic equine drug testing (FEDT), food science & safety services, industrial hygiene, mining, oil & gas,  pharmaceutical industrial hygiene, radioactivity among which the market focussed category is agri services.

The company takes various strategic decisions in order to enhance their business.

For instance,   

  • In March 2018, BUREAU VERITAS acquired EMG Corporation (EMG) which was a leader in construction and other services. The company has strengthened its service portfolio through the acquisition which has enhanced its brand value for the company and generated more income to it.

The company has wide global presence across the globe such as The Americas, Europe, Middle-East and Africa, Asia-Pacific. The company distributes its products through its subsidiaries and they are Maxxam Analytics International Corporation (U.S.), EMG Corporation (U.S.), Tecnicontrol S.A. (Columbia), Primary Integration, LLC (U.S.), Bureau Veritas Hong Kong Limited (Hong Kong) among others.

SGS SA  

SGS SA is headquartered in Switzerland and founded in 1878. The company focuses on services of inspection, verification, testing and certification across the globe via certified facilities. Company has global network of testing facilities which provides services to test the safety, quality and performance of products in terms safety and regulatory standards. The company deals in various business segments and they are agriculture, food and life, minerals, oil, gas and chemicals, consumer and retail, certification and business enhancement, industrial, environment, health and safety, transportation, governments and institutions. The market focused business segment for our market is agriculture, food and life. The company has various service categories such as agricultural & food, chemical, construction, consumer goods & retails, energy, environment, health & safety, industrial manufacturing, life sciences, logistics, mining, oil & gas, public sector among which agricultural & food is the market focussed category.

The company has taken various strategic decisions in order to enhance their business.

For instance,

  • In July 2019, SGS SA has acquired Forensic Analytical Laboratories, Inc. (FALI) with its assets and operations which were based in California and Nevada, USA.  It is one of the leading providers of industrial mold, hygiene, bacteria, particles, metals, contamination control and testing. This acquisition further supported company’s foremost position in industrial hygiene testing services.

The company has wide global presence across the globe such as North America, South America, Europe, Middle East and Africa, Asia Pacific. The company offers its products through its subsidiaries around the world and they are SGS (Australia), SGS Callao (Peru), SGS North America Inc. (U.S.), SGS S.A. Tecnos (Spain), Henan Tongjia Quality Testing Technical Services Co., Ltd. (China) among others.

Intertek Group plc

Intertek Group plc is headquartered in U.K. and established in 1885. The company focuses on providing quality assurance of their operations including R&D, raw materials sourcing, components suppliers, manufacturing, transportation, distribution and retail channels, and consumer management. The company deals in different business segment such as products, trade, resources. The market focused business segment for our business is products.  The company offers its products in number of industrial categories and they are chemicals, energy & commodities, products & retail, construction & engineering, food & healthcare, government & trade and transportation.

To enhance its business as well as revenue, company takes various strategic decisions.

For instance,  

  • In November 2015, Intertek Group plc launched new agricultural testing laboratory in Mozambique. The company has increased its global sale through the expansion of its new platform in Mozambique attracting more customers to it.

The company has its strong presence across the globe such as Americas, Europe, Middle East and Africa, Asia-Pacific. The company distributes its products through its subsidiaries and they are Intertek Finance plc (U.K.), Intertek Technical Services, Inc. (U.S.), Intertek Testing Services Hong Kong Limited (Hong Kong), Intertek Testing Services Limited Shanghai (China), Intertek USA, Inc. (U.S.), among others.