The report "Mycotoxin Testing Market by Type (Aflatoxins, Ochratoxin, Fumonisins, Zearalenone, deoxynivalenol, Trichothecenes, Patulin), Technology (Chromatography- & Spectroscopy-Based, Immunoassay-Based), Sample (Feed & Food), and Region - Global Forecast to 2025", size is projected to reach USD 1,337 million by 2025, which was estimated at USD 946 million in 2020; it is expected to grow at a CAGR of 7.1% from 2020. The market is driven by factors such as implementation of stringent regulatory compliance on mycotoxin detecton, growth in international trade that will lead to increase in testing on both souring and destination place of the goods, and increasing consumers awareness for certification of products for different toxins and food & feed born mycotoxins. Also, rising humid atmospheric condition leading to an increase in mycotoxin has been driving the growth of this market.
The mycotoxin testing market includes major Tier I and II suppliers like SGS, Eurofins, Bureau Veritas, Intertek, ALS Limited, Neogen, AsureQuality, Microbac Labratories Inc., Romer Labs, Smbio Alliance Labrotaries, OMIC USA Inc, and Merieux Nutrascience. These serivc poviders have their facilities spread across various countries across Asia Pacific, Europe, North America, South America, and RoW. Though COVID-19 has impacted their businesses as well, there is no significant impact on the global operations of their mycotoxin testing services. The international trade barriers, closure of restaurants, hotels, and live animal markets, supply chain hindrances, consumption patterns of livestock-based products were considered to be moderately significant, which has disrupted the market for myctoxin testing.
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With the introduction of stringent regulations, Europe is estimated to be the largest market during the forecast period.
The mycotoxin market in Europe is driven by the introduction of stringent regulations pertaining to the mycotoxin testing in food as well as feed. According to Europa, European Food Safety Authority (EFSA) collects and evaluates occurrence data on mycotoxins in food and feed. It also prepares guidance for applicants on how to conduct the safety and efficacy assessment of feed additives that help to reduce the contamination of feed by mycotoxins. Increasing awareness about the effects of myctoxin in food and feed products has lead to increased demand and concerns for certification details over products, this is projected to contribute to the market growth.
This report includes a study on the marketing and development strategies, along with a study on the service portfolios of the leading companies. It includes the profiles of leading companies such as 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).
The food mycotoxin testing segment is projected to be the largest market during the forecast period.
The food segment is estimated to account for a largest market share during the forecast period, as mycotoxins cannot be destroyed by conventional food processing techniques and have toxin effects in humans after consumption such as immunosuppression, irritable skin, birth defects, and neurotoxicity. International trade mandates also call for more testing to be conducted on food products. Genotyping techniques have helped scientists in the identification of mycotoxin-producing fungi. Mycotoxins in food lead to significant economic losses and impacts the international trade as well as the health of humans.
The aflatoxin segment is estimated to witness the fastest growth in the mycotoxin testing during the forecast period.
Mycotoxin prevalence is a problem growing worldwide as fungi can grow in various climatic conditions. Thus, proper testing of such contaminants at every stage of the supply chain is required to avoid foodborne diseases. Aflatoxins are considered one of the most dangerous types among the group of mycotoxins present in food and feed. It is produced by the fungi–Aspergillus flavus and Aspergillus parasiticus. This concern has lead to grow aflatoxin segment at the fastets growth rate. The mild to life-threatening disorders associated with aflatoxin contamination, birth defects among infants, chronic diarrhea, and immunosuppression. Aflatoxins are potent carcinogens and could lead to cases of liver cancer, these are the factors creating an opportunity for the growth of the aflatoxin testing market.
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Driver: Implementation of stringent regulations related to mycotoxin detection
Various government and regulatory bodies across the world have made testing of animal feed and food ingredients mandatory. The regulatory authorities do not approve animal feed for marketing, unless its safety and efficacy are proven. Such measures to prevent potential threats of contamination, chemicals, and toxic presence have been affecting the growth of the mycotoxin testing market greatly. To protect human and animal health, many countries have enacted specific regulations for mycotoxins in food and animal feed. Currently, more than 100 countries have formal mycotoxin regulations for food and feed. The mycotoxin regulations are the most stringent in the EU, where various organizations and pan-European networks contribute to combat the problems related to mycotoxin.
In May 2006, in Kenya, an outbreak of acute aflatoxicosis was reported, where aflatoxin contamination of homegrown corn has been a recurrent problem. CDC teams worked with the Kenyan Ministry of Health for the trial of a rapid, portable aflatoxin screening tool that could be used in the field to identify contaminated corn and guide urgent corn replacement efforts during an outbreak.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the mycotoxin testing market include SGS SA, Bureau Veritas SA, Intertek Group plc, Eurofins Scientific SE, ALS Limited, Neogen Corporation, AsureQuality Limited, Microbac Laboratories, Inc., Romer Labs Inc., Symbio Laboratories, MérieuxNutrisciences Corporation, OMIC USA Inc.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Mycotoxin Testing Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/mycotoxin-testing-market/download-sampleMarket DynamicsThe global demand for food is expanding rapidly owing to the rising population.
The prime factors that are boosting the global mycotoxin testing market include increasing demand for healthy and toxin-free food, stringent regulation by FDA related to mycotoxins, food recalls due to the presence of mycotoxins.
Furthermore, factors such as increased awareness about the toxins and growing international trade are also fuelling the market.
Due to global pandemic COVID-19, many businesses have been disrupted including the agricultural and food sector, hence the pandemic likely to cause some restraints to the mycotoxin testing market.
The global Mycotoxin Testing Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the mycotoxin testing market include SGS SA, Bureau Veritas SA, Intertek Group plc, Eurofins Scientific SE, ALS Limited, Neogen Corporation, AsureQuality Limited, Microbac Laboratories, Inc., Romer Labs Inc., Symbio Laboratories, Mérieux Nutrisciences Corporation, OMIC USA Inc.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Mycotoxin Testing Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/mycotoxin-testing-market/download-sampleMarket DynamicsThe global demand for food is expanding rapidly owing to the rising population.
The prime factors that are boosting the global mycotoxin testing market include increasing demand for healthy and toxin-free food, stringent regulation by FDA related to mycotoxins, food recalls due to the presence of mycotoxins.
Furthermore, factors such as increased awareness about the toxins and growing international trade are also fuelling the market.
Global Mycotoxin Testing Market was valued at US$ 855 Mn in 2019 and is expected to reach US$ 1355.1 Mn by 2027, at a CAGR of 5.93% during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters.
The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
To know about the Research Methodology:-Request Free Sample Report The food tested segment is estimated to drive the global mycotoxin testing market in the forecast period.
Based on the type, deoxynivalenol segment is projected to boost the global mycotoxin testing market during the forecast period as the rising prevalence of Fusarium graminearum species of fungi, which produces deoxynivalenol (DON toxin).
Global mycotoxin testing market is led by humid atmospheric conditions.
The Global Mycotoxin Testing Market research report offers accurate insights for the growth prospects of the Mycotoxin Testing market in the forecast years 2020-2027.
The report is an all-inclusive study of the Mycotoxin Testing market that offers the readers a better view of the current and emerging market trends through a thorough analysis of the market size, growth trends, supply and demand ratio, market share, sales network and distribution channels, and other key elements.Furthermore, the report is furnished with the current market scenario with regards to the COVID-19 pandemic.
The global public health emergency has disrupted the lives of everyone across the globe.
It has also had a substantial impact on the Mycotoxin Testing industry as global supply chains have been disrupted, and the financial scenario is tight.
The report assesses the initial and future impact of the pandemic on the market and its key segments to offer an accurate futuristic outlook for remuneration in a post-COVID-19 scenario.Get a sample copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/2842Scope of the Market Report:The report offers a holistic overview of the Mycotoxin Testing industry that offers all the essential information.
The report is formulated by extensive primary and secondary research and backed by the verified data from industry experts and professionals.
Data Bridge Market Research has provides the Qualitative and informative knowledge by adding titled “Mycotoxin Testing Market by By Type (Aflatoxins, Ochratoxins, Fumonisins, Deoxynivalenol, Trichothecenes, Zearalenone, Patulin, Others), Sample (Food, Feed), Technology (Chromatography & Spectroscopy Based, Immunoassay-Based), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) Analysis and Forecast, 2020 – 2026”.
In this report, Researchers have analyzed Strength, Weakness, opportunities and threats in the market and provides the unbiased picture of the market with the Qualitative and informative knowledge.
The Mycotoxin Testing Market report additionally states import/trade utilization, free market activity figures, cost, value, volume and gross edges.
Few of the leading organizations’ names are listed here- Bureau Veritas; Eurofins Scientific; AsureQuality; Romer Labs Division Holding GmbH; SGS SA; ALS Limited; Symbio Laboratories; Microbac Laboratories, Inc.; NEOGEN CORPORATION; Intertek Group plc; VICAM, A Waters Business; OMIC USA Inc.; Mérieux NutriSciences and EnviroLogix Global Mycotoxin Testing Market is expected to rise from its initial estimated value of USD 873 million in 2018 to an estimated value of USD 1400.91 million by 2026, registering a CAGR of 6.09% in the forecast period of 2019-2026Get Inside Scoop of the report, request for sample @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-mycotoxin-testing-marketMarket Definition: Global Mycotoxin Testing MarketMycotoxins can be defined as the harmful chemicals that are the produced by molds and fungi.
These chemicals are a cause of a number of potential harmful diseases affecting everyone coming in contact with the affected food grain.
This requires the need for testing and identifying these harmful chemicals in food grains and crops being grown over farms Key vendors operating in the Market: Few of the major competitors currently working in the mycotoxin testing market are Bureau Veritas; Eurofins Scientific; AsureQuality; Romer Labs Division Holding GmbH; SGS SA; ALS Limited; Symbio Laboratories; Microbac Laboratories, Inc.; NEOGEN CORPORATION; Intertek Group plc; VICAM, A Waters Business; OMIC USA Inc.; Mérieux NutriSciences and EnviroLogix.Competitive Analysis: Global Mycotoxin Testing MarketGlobal mycotoxin testing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
