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