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 : March, 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.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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