Mycotoxin Testing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

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Mycotoxin Testing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Status : September, 2020 | Pharmaceutical | PPT format

Report Digest


Mycotoxin Testing Market: Snapshot 

As per the Food and Agriculture Organization, around 25% of the food produced worldwide contains mycotoxins, which is not seen by the eye and is toxic. Mycotoxins can cause infection in both human beings and animals and thus, there arises a need mycotoxin testing. Mycotoxins, made of fungi, colonize the grains and can come in various types. There are over 400 different categories of mycotoxins. With the population expansion across the globe, the demand for food is increasing vigorously, making it mandatory to drive mycotoxin testing. 

However, food safety is not the only reason driving the global mycotoxin testing market. This mycotoxin testing market is also driven by the moist atmosphere which results in the production of mycotoxins in dairy products, cookies, meat and poultry products, bread, herbs, cereals, and beverages such as beer and wine. Moreover, the rising consumer awareness pertaining to the presence of mycotoxins in various food products is creating a heightened demand for mycotoxin testing. With technological advancements, there have been tests that efficiently and quickly identify the existence of mycotoxins, which is encouraging the growth of this market. 

The global mycotoxin testing market is challenged by the lack of infrastructure facilities and food controller systems. The shortage of mycotoxin testing equipment is also a problem. It is the developing nations, which face most of these issues. Thus, a lack of adequate infrastructure and equipment in developing nations is restraining the global mycotoxin testing market to fully bloom, as it should. However, with improvement in the economy of developing nations and advancements in technology, the impact of this restraint will reduce. Governments in these countries are implementing various regulations regarding food safety, which will help improve the condition of the mycotoxin testing market in the developing nations.

Global Mycotoxin Testing Market: Overview

Mycotoxin refers to secondary metabolites of molds, which contaminate crop plant and fruits. Mycotoxin are toxic to humans and animals alike, and may lead to several health issues. With the rising population, the need for food safety is escalating and more than 100 countries have established regulations for testing mycotoxins in food and feed before they reach the end users. Concurrently, the global mycotoxin testing market is projected for a healthy growth rate during the forecast period of 2017 to 2025.

This report on global mycotoxin testing market is an all-inclusive in-depth analysis of all the factors that are expected to influence the demand over the new few years. One of the key feature of the report is the section on company profiles wherein several prominent vendors have been analyzed for their market share, product portfolio, geographical outreach, and product portfolio. The global mycotoxin testing market can be segmented on the basis of type, technology, food and feed tested, and geography. By type, the market can be divided into Aflatoxins, Fusarium toxins, Ochratoxins, Patulin, and others including alternaria, Citrinin, Ergot Alkaloids, sterigmatocystin, and cyclopiazonic acid. By technology, the market can be segmented into LC-MC/GC-MS- based, immunoassay-based/ELISA, HPCL-based, and others such as test kits. The food tested for mycotoxins can be categorized into cereals, grains, and pulses, dairy products, meat and poultry, processed food, nut, seed, and spice, and others including fruits and vegetables and food additives. Feed mycotoxins are divided into cereals and its products, oil meals and cakes, forage and silage, and other feed ingredients and concentrates. Geographically, the report studies the opportunities available in the regions of North America, Europe, Asia Pacific, and Rest of the World.

Global Mycotoxin Testing Market: Influential factors

This mycotoxin testing market is primarily driven by stringent food safety regulations across several countries. Humid atmospheric conditions, which leading to an increase in mycotoxins production in food & feed products is another prominent factor augmenting the demand for mycotoxin testing. Additionally, incremented International trade, consumer complaints, and growing health concern among consumers are some of the other factors expected to positively influence the market during the forecast period.

The mycotoxin testing market report observes that among all types of mycotoxins, the demand for fusarium toxin is maximum. The Fusarium genus have various species, which produce a large number of toxins such as trichothecenes, fumonisins, and zearalenone. As fusarium toxin are commonly present in cereals and by-products, factors such as contamination in grain due to changing climatic conditions and the increase in commodities trade have grown into significant drivers for the Fusarium testing market. Among all technologies used for mycotoxin testing, HPLC is most common as it is economical technology and is helpful to detect and quantify mycotoxins in food products.

Global Mycotoxin Testing Market: Regional Outlook

Currently, North America and Europe serve the maximum demand for mycotoxin, owing to strict regulatory in the countries of the U.S., the U.K. Germany, and France. The U.K. is estimated for the best growth rate among the European countries during the forecast period. However, Asia Pacific, which resides nearly half the world’s population, is expected to escalate the demand for mycotoxin testing over the course of next few years.

Companies mentioned in this research report

Some of the key vendors in global mycotoxin testing market are SGS S.A., Bureau Veritas S.A., Eurofins Scientific SE, Intertek Group plc, ALS Limited, AsureQuality Ltd, Microbac Laboratories Inc, Silliker Inc, Romer Labs Diagnostic GmbH, and Symbio Laboratories.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?