Mycotoxin Testing: A New Advancement in the Healthcare Industry

Mycotoxin testing verifies that the items are not carcinogenic and meet international regulatory standards. Mycotoxins are harmful chemical substances created by fungi that can cause a variety of ailments, including death. Cereals and grains are the products that are harmed by the fungus while in storage. As a result, mycotoxin testing for such items becomes important in order to eliminate the possibility of health concerns. Fusarium mycotoxins are expected to dominate the worldwide mycotoxin testing market.

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Data Bridge Market Research analyses that the Mycotoxin Testing Market was valued at 865.63 million in 2021 is expected to reach the value of USD 1,509.70 million by 2029, at a CAGR of 7.2% during the forecast period of 2022 to 2029. Increasing food trade across emerging market borders broadens the market's potential for expansion. The increased frequency of food-borne illnesses, as well as inadequate sanitation and processing conditions in a few nations, need mycotoxin testing of food. Regulations in emerging nations that have entered the food sector, as well as authorities' authorization to prohibit the import and supply of contaminated food and enforce food recalls, are projected to raise demand for testing services in these regions.        

Rising number of regulations imposed by the government is expected to drive the market's growth rate

Various governments and regulatory agencies throughout the world have made animal feed and food component testing mandatory. Animal feed is not approved for commercialization unless its safety and efficacy have been verified. Such precautions to avoid contamination, chemicals, and hazardous presence have had a significant impact on the growth of the mycotoxin testing industry.

Report Scope and Market Segmentation

Segment Analysis:

Global mycotoxin testing market is segmented into four notable segments which are based on the basis of type, product type, technology, sample and end user.

• On the basis of type, the mycotoxin testing market is segmented into aflatoxins, ochratoxins, fusarium toxins, deoxynivalenol, patulin, cyclopiazonic acid, ergot alkaloids, citrinin, sterigmatocystin, alternaria, T-2 toxin, and others. In 2022, aflatoxins segment is dominating the market with the market share of 32.74% owing to factors such as high prevalence in the agricultural products, which are used for human consumption such as corn, peanuts, groundnuts, cotton seeds, and tree nuts.
• On the basis of product type, the mycotoxin testing market is segmented into devices, reagents & kits, and services. In 2022, reagents & kits segment is dominating the market with the market share of 46.95% owing to factors such as it requires less time for detection and provides accurate information of the testing.
• On the basis of technology, the mycotoxin testing market is segmented into chromatography based, immunoassay-based, lateral flow assay based, spectroscopy based, and others. In 2022, chromatography based segment is dominating the market with the market share of 44.19% owing to factors such as introduction of faster liquid chromatography (LC) technologies for high-performance liquid chromatography (HPLC), fast LC systems offer various advantages, such as superior resolution, high sensitivity, and enhanced throughput to research laboratories which is more effective tool for immunoassay-based methods.
• Based on sample, the mycotoxin testing market is segmented into food & beverages, feed, pharmaceuticals and others. In 2022, food & beverages segment is dominating the market with the market share of 67.14% owing to factors that there is a mycotoxin present in large amount for the food industry.

The food & beverages segment will dominate the sample segment of the mycotoxin testing market

The food & beverages segment will emerge as the dominating segment under sample segment. This is because of the growing number of food outlets in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.

• On the basis of end user, the mycotoxin testing market is segmented into research lab, research institutes, food testing industries, feed testing industries and other. In 2022, food testing industries segment is dominating the market with the market share of 50.73% owing to factors such as wide usage of testing done in food industries in order to provide the industry with safe and hygiene food for the industries.

The food testing industries segment will dominate the end user segment of the mycotoxin testing market

The food testing industries segment will emerge as the dominating segment under end user with approximately 51.00% market share. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the food and beverages industry all around the globe will further bolster the growth of this segment.

Major Players

Data Bridge Market Research recognizes the following companies as the major market players: SGS (Switzerland), Bureau Veritas (France), Eurofins Scientifics (Luxembourg), Intertek Group plc (U.K.), Mérieux NutriSciences Corporation (U.S.), ALS Limited (Australia), Neogen (U.S.) AsureQuality (New Zealand), Charm Sciences (U.S.), Premier Analytical Services (U.K.), Dairyland Laboratories (U.S.), Bio-Check (U.K.), AES Laboratories (India), IEH Laboratories and Consulting Group (U.S.), Envirologix Inc. (U.S.), EMSL Analytical, Inc. (U.S.), and Krishgen Biosystems (U.S.).

Market Development

• In 2019, SGS announced the expansion of their new food microbiological testing lab in Fairfield, New Jersey, USA. The 2,000-square-foot microbiological testing facility uses an information technology platform to provide testing services to food producers, manufacturers, and suppliers in all food categories.
• In 2019, SGS announced the expansion of their new food microbiological testing lab in Carson, California. The microbiological testing facility is 2,400 square feet. The company's geographical coverage and global network of agriculture and food labs will be expanded as a result of this expansion.

Regional Analysis

Geographically, the countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

As per Data Bridge Market Research analysis:

North America is the dominant region in the mycotoxin testing market during the forecast period 2022 to 2029

Given its innovative industries and expanding research and development activities for providing product types such as devices, reagents & kits, and other services, as well as a promising growth rate from 2022 to 2029 due to the increasing use of reagents and kits, the United States dominates the North American market.

Asia-Pacific is estimated to be the fastest growing region in the mycotoxin testing market in the forecast period 2022 to 2029

Recent advancements in technology and innovation in food testing, as well as expanding consumption in the region and the country's rising lifestyle, China is predicted to lead the market in the Asia-Pacific region. 

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