According to the Food and Drug Administration (FDA), Globally, Each Year 25% of the Grain Produced is Contaminated with Mycotoxins

 

Mycotoxins are produced by mold spores when they grow, and they have severe health effects on humans, animals and growing crops. According to published blog of National Indoor Mold Society, Stachybotrys chartarum is well-known toxic mold. It is produces trichothecene mycotoxins. There are sixty species that produce the 180 trichothecene mycotoxins.       

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Global mycotoxin testing market is expected to reach USD 1,446,114.08 thousand by 2027 from USD 865,628.07 thousand in 2019, growing at a CAGR of 6.7% in the forecast period of 2020 to 2027. The increase in the production of the mycotoxins in the food and feed products is due to the humid atmospheric conditions. The other factors that contribute to the growth of the market are consumer complaints, incremented international trade, and growing health concern among consumers.           

Mycotoxin Testing Market

Increasing need for food safety across the world will drive the market's growth rate

Increasing need for food safety is also impacted by COVID-19 owing to raised awareness regarding proper handling of food with precautions. Though, Coronavirus is usually supposed to be spread from person-to-person. It is necessary to take precautions regarding the food safety and handling of food and feed ingredients. Mycotoxins affects processed food, feed and food ingredient and it is possibility of contamination which may impact severe health issues. Hence, the need for food safety has increased due to COVID-19 regarding handling, preparing, and keeping raw material and temperature.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2020 to 2027

Base Year

2019

Historic Years

2018 (Customizable to 2013 - 2018)

Quantitative Units

Revenue in USD Thousand, Volumes in Units, Pricing in USD

Segments Covered

Type (Aflatoxins, Ochratoxins, Fusarium Toxins, Deoxynivalenol, Patulin, Cyclopiazonic Acid, Ergot Alkaloids, Citrinin, Sterigmatocystin, Alternaria, T-2 Toxin and Others), Product Type (Devices, Reagents & Kits and Services), Technology (Chromatography Based, Immunoassay-Based, Lateral Flow Assay Based, Spectroscopy Based and Others), Sample (Food & Beverages, Feed, Pharmaceuticals and Others), End User (Research Lab, Research Institutes, Food Testing Industries, Feed Testing Industries and Others)

Countries Covered

U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Market Players Covered

SGS (Switzerland), Bureau Veritas (France), Eurofins Scientifics (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.), and Krishgen Biosystems (U.S.) among others.             

Data Points Covered in the Report

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Segment Analysis:

Global mycotoxin testing market is segmented into four notable segments which are based 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, penicillium toxins, cyclopiazonic acid, ergot alkaloids, citrinin, sterigmatocystin, alternaria, T-2 toxin, zearalenone, others. In 2020, aflatoxins segment is dominating the market with the market share of 31.74% owing to factors such as high prevalence in the agricultural products, which are used for human consumption such as corn, peanuts, groundnuts, cotton seeds, and tree nuts.
  • On the basis of product type, the mycotoxin testing market is segmented into devices, reagents & kits, services. In 2020, reagents & kits segment is dominating the market with the market share of 45.95% owing to factors such as it requires less time for detection and provides accurate information of the testing.
  • On the basis of technology, the mycotoxin testing market is segmented into chromatography based, immunoassay-based, lateral flow assay based, spectroscopy based, others. In 2020, chromatography based segment is dominating the market with the market share of 43.19% owing to factors such as introduction of faster liquid chromatography (LC) technologies for high-performance liquid chromatography (HPLC), fast LC systems offer various advantages, such as superior resolution, high sensitivity, and enhanced throughput to research laboratories which is more effective tool for immunoassay-based methods.
  • Based on sample, the mycotoxin testing market is segmented into food & beverages, feed, pharmaceuticals. In 2020, food & beverages segment is dominating the market with the market share of 66.14% owing to factors that there is a mycotoxin present in large amount for the food industry.

The food & beverages segment will dominate the sample segment of the mycotoxin testing market

The food & beverages segment will emerge as the dominating segment under sample segment. This is because of the growing number of food outlets in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.

  • 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. In 2020, food testing industries segment is dominating the market with the market share of 49.73% owing to factors such as wide usage of testing done in food industries in order to provide the industry with safe and hygiene food for the industries.

The food testing industries segment will dominate the end user segment of the mycotoxin testing market

The food testing industries segment will emerge as the dominating segment under end user with approximately 50.00% market share. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the food and beverages industry all around the globe will further bolster the growth of this segment.

Major Players         

Data Bridge Market Research recognizes the following companies as the market players in espresso coffee market: SGS (Switzerland), Bureau Veritas (France), Eurofins Scientifics (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.), and Krishgen Biosystems (U.S.).

Mycotoxin Testing Market

Market Development

  • In September 2019, MXNS received Non-GMO Project Approval through Laboratory Program. The project approval is going to enable Mérieux NutriSciences to assist food manufacturers to verify their product’s compliance with the Non-GMO Verification Program. The approval is going to enhance brand recognition for the company enabling it to earn more profit and adding income to the company
  • In March 2020, NEOGEN Corporation acquired Magiar Chilena, a distributor of food, animal, and plant diagnostics, including NEOGEN products. The acquisition is going to enhance the brand value of the company along with revenue generation which is going to increase the sales of the company

Regional Analysis

Geographically, the countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

As per Data Bridge Market Research analysis:

North America is the dominant region in mycotoxin testing market during the forecast period 2020 - 2027

The United States dominates the North American market due to innovative industries and expanding research and development activities for providing product types such as devices, reagents & kits, and other services, as well as a promising growth rate due to the increasing use of reagents and kits.

Asia-Pacific is estimated to be the fastest-growing region in mycotoxin testing market the forecast period 2020 - 2027

Asia-Pacific will undergo the highest compound annual growth rate during the forecast period. China is expected to dominate the market in the Asia-Pacific region due to advances in technology and innovation in food testing as well as rising consumption in the region and the region's rising lifestyle.

COVID-19 Impact

The World Health Organization (WHO) advises the worldwide populace to eat foods that improve immunity and provide the body with the vitamins, minerals, proteins, dietary fibre, and antioxidants it needs to combat the outbreak. As a result, more people are taking vitamin supplements, raising demand for the vitamin industry. In this COVID condition, natural vitamins are highly sought for, and demand is anticipated to increase over the next few years. Globally, the COVID-19 outbreak has significantly impacted people's lives. In practically every nation, strict government rules like lockdowns, closing down businesses and industries, etc. are being put into place due to the rising number of incidents. In order to combat this epidemic, immunity must be strengthened.

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