Global Mycotoxin Testing Market to Register a CAGR of 7.2% over the Forecast Period

The Global Mycotoxin Testing Market will reach USD 1,551.0 Million by 2028 from USD 826.8 Million in 2019, exhibiting a CAGR of 7.2% over the forecast period, i.e., from 2017-2028. The toxic effects of mycotoxins on human cells are harmful, which causes a variety of problems in normal cell function, along with causing a wide range of clinical symptoms and diseases. Approximately, 25 percent of the food produced globally contains dangerous chemicals that are toxic in nature called mycotoxins, according to the Food and Agriculture Organization. So, there is a widespread need for mycotoxin testing, which will stimulate the consumer demand for it.

Mycotoxin analysis is an important tool for the control of food and feed contamination. The effects of such food-borne mycotoxins can be severe. The symptoms of severe diseases can appear rapidly after food products infected with mycotoxins are ingested. Several food-borne mycotoxins have also been found to be associated with long-term health effects, such as cancer induction and immune deficiency.

Chromatographic procedures, physicochemical methods, biological methods, and immunological methods are various processes or methods used for mycotoxin detection. The mycotoxin testing market is being driven by the increasing mycotoxin production due to humid atmospheric conditions and strict government regulations on food safety. In the forecast period, the absence of food control infrastructure & instrumentation in developing countries and high capital expenditure are expected to limit the use of mycotoxin testing.

Global Mycotoxin Testing Market, By Type

Based on types, the mycotoxin testing market segmentation includes fumonisins, aflatoxins, ochratoxin, trichothecenes, zearalenone, patulin, deoxynivalenol, and others. Among these, the aflatoxins segment accounts for the largest market size globally due to its widespread prevalence in agricultural products. Aflatoxins are largely found in foods like maize, peanuts, groundnuts, cottonseeds, and tree nuts, which will fuel the growth of the Aflatoxins segment.

Global Mycotoxin Testing Market, By Technology

Based on technology, the market segmentation includes Chromatography- & Spectroscopy-Based and Immunoassay-Based segments. In 2020, due to factors such as the introduction of faster liquid chromatography (LC) technologies for high-performance liquid chromatography (HPLC), the chromatography-based segment has held the largest market share. The faster LC systems offer numerous advantages, such as superior resolution, high sensitivity, and increased throughput to research laboratories.

Global Mycotoxin Testing Market, By Sample

Based on the sample, the mycotoxin testing market segmentation includes Feed and Food. The food segment is to hold the largest share over the forecast period. In the food segment, mycotoxins cause substantial economic losses and affect both foreign trade and human health. International trade mandates and call for further monitoring of agricultural goods to prevent mycotoxin contamination, as mycotoxins can have toxic effects such as immunosuppression, skin irritation, birth defects, and neurotoxicity. Mycotoxins cannot be eliminated by traditional food processing techniques. Nowadays, genotyping techniques are witnessing increasing demand for detecting mycotoxins.

Global Mycotoxin Testing Market, By Regions

Over the forecast period, Europe is projected to hold the largest market share in the mycotoxin testing market. In order to provide healthy food and prevent the development of mycotoxins in food products, the FDA and EU have established strict regulations for the food & beverage industry.

Due to the presence of various industries and increasing research and development activities for innovative products such as sensors, reagents and kits, and other services, the U.S. will be dominating the North American market with a high projected growth rate in the forecast period from 2020 to 2027.

Key Developments in the Global Mycotoxin Testing

  1. In July 2020, AB Sciex Pte. Ltd. has launched the fully integrated SCIEX OS Software. It is used to analyze secondary metabolites, masked mycotoxins, and 530 mycotoxins. This product launch offers an advanced and more competent portfolio for mycotoxin detection.
  2. January 2019, Bureau Veritas and AsureQuality announced that they had collaborated to form a new food testing company that is based out of Singapore. The company would provide the finest equipment services and food and water testing capabilities in Asia.
  3. In June 2018, VICAM launched Zearala-V AQUA, a rapid solvent-free method for eliminating the need for organic solvents using a water-based dilution-free extraction. The new product improved the global sales of the company along with its profits.
  4. November 2017, Eurofins Scientific announced that they had acquired Spectro Analytical Labs Ltd. By this acquisition, Eurofins will be able to offer their knowledge in testing & analysis to India and the neighboring regions.

Some Key Findings of the Global Mycotoxin Testing Market Report Include:

  • The study includes global mycotoxin testing market changes and estimates, along with a country-specific analysis.
  • An in-depth analysis of the global mycotoxin testing market includes segment by type, by technology, by sample, and by regions with an analysis of trend-based insights and factors.
  • Product offering details on economical benchmarking, growth approach adopted by the manufacturing players, along with their investments in the last five years in the global mycotoxin testing market.
  • The market research includes a study of the areas, restrictions, drivers, predictions, guidelines, challenges, and procedures that are driving the global mycotoxin testing market.
  • The study also offers complex measures of possible market effect during the forecast period and offers an exhaustive overview of the leading companies functioning in the global mycotoxin testing market.
  • External as well as internal variables that are expected to have a positive or negative consequences on companies have been assessed, which will offer the decision makers a strong futuristic view of the industry.
  • The research also helps understand the subtleties of the mycotoxin testing market by analyzing market segments and by projecting the size of the mycotoxin testing market.
  • Some major industry players functional in the global mycotoxin testing market include SGS S.A, Bureau Veritas, Eurofins, Intertek, Mérieux NutriSciences, ALS Limited, Neogen, Romer Labs, Symbio Laboratories, OMIC USA, AsureQuality, and Microbac, among others.

Market Segmentation

By Type:

  • Aflatoxins
  • Fumonisins
  • Ochratoxin
  • Zearalenone
  • Trichothecenes
  • Deoxynivalenol
  • Patulin
  • Others

By Technology:

  • Chromatography- & Spectroscopy-Based
    • High-Performance Liquid Chromatography (HPLC)
    • Liquid Chromatography
    • Gas Chromatography
    • Coupled Chromatography
    • Tandem Chromatography
  • Immunoassay-Based

By Sample:

  • Feed
  • Cereals & Cereal by-products
  • Forage & Silage
  • Seeds & Seed Products
  • Others
  • Food
    • Fruits & Vegetables
    • Milk & Milk Products
    • Meat, Poultry & Seafood
    • Cereals, Grains & Pulses
    • Nuts, Seeds & Spices
    • Others

 By Region:

  • North America
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • Middle East
  • Rest of the world
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