The mycotoxin testing market was valued at 865.63 million in 2021 and is expected to reach the value of USD 1509.70 million by 2029, at a CAGR of 7.2% during the forecast period of 2022 to 2029
Mycotoxin testing is a crucial process in ensuring food safety and quality control, particularly in agricultural products such as grains, nuts, and fruits. Mycotoxins are toxic compounds produced by certain types of fungi, commonly found in crops, and can pose serious health risks if consumed in high quantities. Therefore, mycotoxin testing is essential to identify and quantify the presence of these harmful substances in food and feed products.
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Overall, mycotoxin testing serves as a critical preventive measure in ensuring food safety, protecting public health, and maintaining the quality and integrity of the global food supply chain. By implementing stringent testing protocols and standards, stakeholders can effectively mitigate the risks associated with mycotoxin contamination and uphold the safety and quality of food and feed products
Market Analysis and Size
- According to the Food and Agriculture Organization of the United Nations (FAO) nearly 25% of the world's food contains mycotoxins, which are toxic secondary metabolites of melds.
- There are approximately 400 known species of mycotoxins of various chemical compound classes, with 25 being quite common due to their frequency of occurrence. With the world's population growing, the demand for food is increasing, necessitating a greater emphasis on mycotoxin testing.
- Data Bridge Market Research analyses that the mycotoxin testing market was valued at 865.63 million in 2021 is expected to reach the value of USD 1509.70 million by 2029, at a CAGR of 7.2% during the forecast period of 2022 to 2029.
Global Mycotoxin Testing Market Scope
The mycotoxin testing market is segmented on the basis of type, product type, technology, sample and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Type
- Aflatoxins
- Ochratoxins
- Fusarium toxins
- Deoxynivalenol
- Patulin
- Cyclopiazonic acid
- Ergot alkaloids
- Citrinin
- Sterigmatocystin
- Alternaria
- T-2 toxin
- Others
- 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.
- Product type
- Devices
- Reagents kits
- Services
- On the basis of product type, the mycotoxin testing market is segmented into devices, reagents kits and services.
- Technology
- Chromatography based
- Immunoassay-based
- Lateral flow assay based
- Spectroscopy based
- Others
- On the basis of technology, the mycotoxin testing market is segmented into chromatography based, immunoassay-based, lateral flow assay based, spectroscopy based and others.
- Sample
- Food beverages
- Feed
- Pharmaceuticals
- Others
- On the basis of the sample, the mycotoxin testing market is segmented into food beverages, feed, pharmaceuticals, and others.
- End-user
- Research lab
- Research institutes
- Food testing industries
- Others
Mycotoxin Testing Market Regional Analysis/Insights
The mycotoxin testing market is analyzed and market size insights and trends are provided by country, type, product type, technology, sample and end-user as referenced above.
The countries covered in the mycotoxin testing market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Competitive Landscape and Mycotoxin Testing Market Share Analysis
The mycotoxin testing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to mycotoxin testing market.
Key words
Some of the major players operating in the mycotoxin testing market are:
- SGS (Switzerland)
- Bureau Veritas (France)
- Eurofins Scientific (Luxembourg)
- Intertek Group plc (UK)
- Mérieux NutriSciences Corporation (US)
- ALS Limited (Australia)
- Neogen (US)
- AsureQuality (New Zealand)
- Charm Sciences (US)
- Premier Analytical Services (UK)
- Dairyland Laboratories (US)
- Bio-Check (UK)
- AES Laboratories (India)
- IEH Laboratories and Consulting Group (US)
- Envirologix Inc. (US)
- EMSL Analytical, Inc. (US)
- Krishgen Biosystems (US)
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Global Mycotoxin Testing Market
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