Mycotoxin Testing Market Size Worth USD 1,213 Million By 2027, at CAGR of 6.3% | Top Players – SGS (Switzerland), Eurofins (Luxembourg), Intertek (UK).

April 06 19:30 2021
Mycotoxin Testing Market Size Worth USD 1,213 Million By 2027, at CAGR of 6.3% | Top Players - SGS (Switzerland), Eurofins (Luxembourg), Intertek (UK).

Reports and Data
Market Size – USD 865 million in 2019, Market Growth – CAGR of 6.3% Market Trends – Increase in Demand for Cereal Products and Oats to Offer High Growth Opportunities for Mycotoxin Testing is a major opportunity for mycotoxin testing market players.

Increased consumption of Meat, poultry, and seafood, rapid urbanization in Asia Pacific segment demand for Fruits & vegetables in the market. Stringent regulations within developed countries are major driving factors for Mycotoxin Testing market.

Market Size – USD 865 million in 2019, Market Growth – CAGR of 6.3% Market Trends – Increase in Demand for Cereal Products and Oats to Offer High Growth Opportunities for Mycotoxin Testing is a major opportunity for mycotoxin testing market players.

The global Mycotoxin Testing Market is estimated to be valued at USD 865 million in 2019 and is projected to reach USD 1,213 million by 2027, at a CAGR of 6.3%. A mycotoxin is the generic name of substances that are secondary metabolites of molds and cause chronic physiological or pathological damage to humans, domestic animals, or fish. Food that has mycotoxin levels above a particular maximum allowable level is either rejected outright for sale or sold at a lower price for different use. Such transactions can take place at local levels or at the level of trade among countries. Sometimes this can result in substantial economic losses for food producers, but the benefit of such monitoring systems. Losses related to health occur when mycotoxins are present in food at levels that can cause illness. In developed countries, such losses are often measured in terms of cost of disease; around the world, such losses are more frequently measured in terms of disability-adjusted life years (DALYs). Therefore mycotoxin testing is promoted in the global market by the government and international organizations to reduce illness and economic losses caused by it.

The principal factor that is driving the mycotoxin testing market is the stringent food safety regulations that have been executed by several countries. 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 add to the extension of the mycotoxin testing market are consumer complaints, incremented international trade, and growing health concern among consumers.

The key players in the global mycotoxin testing market are SGS (Switzerland), Bureau Veritas (France), Eurofins (Luxembourg), Intertek (UK), Mérieux NutriSciences (US), ALS Limited (Australia), Neogen (US), Romer Labs (US), Symbio Laboratories (Australia), OMIC USA (US), AsureQuality (New Zealand), and Microbac (US).

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Further key findings from the report suggest

  • By type, the mycotoxin testing market is segregated into fusarium toxins, patulin, aflatoxins, ochratoxins, Alternaria, ergot alkaloids, citrinin, sterigmatocystin, cyclopiazonic acid, and others. The food tested market is classified into cereals, pulses, meat and poultry, nut, spice, grains, dairy products, processed food, seed, and feed tested market is subdivided into cereals and its products, forage, and silage, feed ingredients and concentrates, and oil meals and cakes.
  • The mycotoxin testing market is divided into Asia Pacific, North America, Europe, and others. The factor that contributes to the present growth is that the stringent regulations within countries like Germany, the US, France, and also the UK. The country with the most modest rate of growth within the mycotoxin testing market in the European region is UK. Within the coming years, the mycotoxin testing market is predicted to spice up within the Asia Pacific region thanks to the rapid urbanization in this region. Lack of food controller systems and bacterial detection devices and casual attitude of the developing economies due to the high cost of R &D is causing the market to restrain and develop further.
  • Within the coming years, the mycotoxin market is predicted to accelerate the demand within the Asia Pacific segment due to the rapid urbanization in this region. Although, lack of food controller systems and bacterial detection devices in the developing economies due to the high cost of R &D is causing the mycotoxin market to restrain and develop further.
  • Climate change may alter human exposure to mycotoxins. The physical changes in temperature- warm or cold, wind, and increase or decrease in moisture caused by climate change will affect the allocation of mycotoxins in complex ways. The impact on human exposure will vary widely according to the properties of specific mycotoxins, soil and water conditions, wind patterns, topography, land use, level of development, and human population characteristics. Climate change-related chemical exposures may pose disproportionate threats to populations in high-risk groups. Malnutrition, particularly in the very young, may complicate and worsen or intensify effects from mycotoxin exposure.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/mycotoxin-testing-market

Segments covered in the report:

This mycotoxin testing report forecasts revenue growth at a global, regional & country level, and provides an analysis of the mycotoxin testing market trends in each of the sub-segments from 2017 to 2027. For the purpose of this study, Reports and Data have segmented Mycotoxin Testing market on the basis of sample, application, type and region:

On the basis of Type, mycotoxin testing the market has been segmented as follows: (Revenue, USD Million; 2020-2027)

  • Aflatoxins
  • Ochratoxins
  • Fumonisin
  • Zearalenone
  • Deoxynivalenol
  • Trichothecenes
  • Patulin
  • Others (alkaloids, sterigmatocystin, cyclopiazonic acid, citrinin, and other plant toxins)

On the basis of sample, the mycotoxin testing market has been segmented as follows: (Revenue, USD Million; 2020-2027)

  • Food
    • Cereals, grains, and pulses
    • Milk & milk products
    • Meat, poultry, and seafood
    • Nuts, seeds, and spices
    • Fruits & vegetables
    • Others (processed food, food additives such as colors & flavors, preservatives, and thickening agents)
  • Feed
    • Cereals & cereal byproducts
    • Seeds & seed products
    • Forage & silage
    • Others (feed ingredients & concentrates)

On the basis of Technology, the mycotoxin testing market has been segmented as follows: (Revenue, USD Million; 2020-2027)

  • Chromatography- & spectroscopy based
    • High-performance liquid chromatography (HPLC)
    • Others (GC, LC, coupled chromatography, and tandem spectrometry)
  • Immunoassay-based

Regional Outlook (Revenue, USD Million; 2020-2027)

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America
    • Brazil
    • Rest of Latin America

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Table of Content:

Chapter 1. Market Synopsis
    1.1. Market Definition
    1.2. Research Scope & Premise
    1.3. Methodology
    1.4. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2019 – 2027
Chapter 3. Indicative Metrics
Chapter 4. Mycotoxin Testing Market Segmentation & Impact Analysis
    4.1. Mycotoxin Testing Segmentation Analysis
    4.2. Mycotoxin Testing Market Impact Analysis
          4.2.1. Market driver analysis
                   4.2.1.1. Implementation of Stringent Regulations Related to Mycotoxin Detection
                   4.2.1.2. Growth in International Trade
                   4.2.1.3. Growth in Consumer Awareness
          4.2.2. Market restraint analysis
                   4.2.2.1. Lack of Food Control Systems, Technology, Infrastructure, and Resources in Developing Countries
          4.2.3. Market opportunity analysis
    4.3. Regulatory framework
    4.4. Porter’s Five Force Analysis
          4.4.1. Threat of New Entrants
          4.4.2. Threat of Substitutes
          4.4.3. Bargaining Power of Suppliers
          4.4.4. Bargaining Power of Customers
          4.4.5. Competitive Rivalry
    4.5. Mycotoxin Testing PESTEL Analysis
    4.6. Porters Five Forces Model
    4.7. Covid-19 Impact Analysis

Chapter 9. Competitive Landscape
    9.1. Market Revenue Share by Manufacturers
    9.2. Mergers & Acquisitions
    9.3. Strategy Benchmarking
    9.4. Vendor Landscape
          9.4.1. North American Suppliers
          9.4.2. European Suppliers
          9.4.3. Asia-Pacific Suppliers
          9.4.4. Middle East and Latin American Suppliers
Chapter 10. Company Profiles
    10.1. Archer Daniels Midland
            10.1.1. Company Overview
            10.1.2. Financial Performance
            10.1.3. Product Portfolio Benchmarking
            10.1.4. Strategic Initiatives
    10.2. Lallemand
            10.2.1. Company Overview
            10.2.2. Financial Performance
            10.2.3. Product Portfolio Benchmarking
            10.2.4. Strategic Initiatives
    10.3. DSM Company
           10.3.1. Company Overview
           10.3.2. Financial Performance
           10.3.3. Product Portfolio Benchmarking
           10.3.4. Strategic Initiatives
    10.4. CHR. Hansen
            10.4.1. Company Overview
            10.4.2. Financial Performance
            10.4.3. Product Portfolio Benchmarking
            10.4.4. Strategic Initiatives
  10.5. Lesaffre
            10.5.1. Company Overview
            10.5.2. Financial Performance
            10.5.3. Product Portfolio Benchmarking
            10.5.4. Strategic Initiatives

Continue…

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