Europe Mycotoxin Testing Market, Type (Aflatoxins, Ochratoxins, Fusarium Toxins, Deoxynivalenol, Patulin, Cyclopiazonic Acid, Ergot Alkaloids, Citrinin, Sterigmatocystin, Alternaria, T-2 Toxin and Others), Product Type (Devices, Reagents & Kits and Services), Technology (Chromatography Based, Immunoassay-Based, Lateral Flow Assay Based, Spectroscopy Based and Others), Sample (Food & Beverages, Feed, Pharmaceuticals and Others), End User (Research Lab, Research Institutes, Food Testing Industries, Feed Testing Industries and Others) – Industry Trends and Forecast to 2030.
Europe Mycotoxin Testing Market Analysis and Size
According to the Food and Agriculture Organization of the United Nations (FAO), nearly 25% of the world's food contains mycotoxins, which are toxic secondary metabolites of molds. There are approximately 400 known species of mycotoxins of various chemical compound classes, with 25 being quite common due to their frequency of occurrence. With the world's population growing, the demand for food is increasing, necessitating a greater emphasis on mycotoxin testing.
Data Bridge Market Research analyses that the mycotoxin testing market which was USD 357.31 million in 2022, would rocket up to USD 634.75 million by 2030, and is expected to undergo a CAGR of 7.5% during the forecast period.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Europe Mycotoxin Testing Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Aflatoxins, Ochratoxins, Fusarium Toxins, Deoxynivalenol, Patulin, Cyclopiazonic Acid, Ergot Alkaloids, Citrinin, Sterigmatocystin, Alternaria, T-2 Toxin and Others), Product Type (Devices, Reagents & Kits and Services), Technology (Chromatography Based, Immunoassay-Based, Lateral Flow Assay Based, Spectroscopy Based and Others), Sample (Food & Beverages, Feed, Pharmaceuticals and Others), End User (Research Lab, Research Institutes, Food Testing Industries, Feed Testing Industries and Others)
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Countries Covered
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Germany, France, Italy, Spain, U.K., Russia, Turkey, Belgium, Switzerland, Netherlands and rest of Europe
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Market Players Covered
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Intertek Group plc (London, U.K.), Eurofins Scientific (Val Fleuri, Luxembourg), NEOGEN Corporation (Michagain, U.S.), LGC Limited (A Subsidiary of Kohlberg Kravis Roberts & Co. L.P.) (England, U.K.), EnviroLogix (Portland, U.S.), TÜV SÜD (Munich, Germany), Mérieux NutriSciences Corporation (Illinois, U.S.), QIMA (Hong Kong, China), Romer Labs Division Holding GmbH (Getzersdorf, Austria), SGS SA (Geneva, Switzerland), Fera Science Limited (a subsidiary of Capita plc.) (London, U.K.), SYNLAB International GmbH (Munich, Germany), AB Sciex Pte. Ltd. (Massachusetts, U.S.), R-Biopharm AG (Darmstadt, Germany), Soft Flow Ltd. (A subsidiary of FOSS Group) (Pecs, Hungary), TLR International Laboratories (Rotterdam, Netherlands), Deltamune (North East Pretoria, South Africa), Bureau Veritas (Neuilly-sur-Seine, France)
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Market Opportunities
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Market Definition
Mycotoxin testing detects the presence of harmful mycotoxin metabolites caused by mold or fungi in the body or home using a urine or environmental test. Mycotoxin testing ensures that the products are not carcinogenic and that they comply with international regulatory standards. Mycotoxins are toxic chemical compounds produced by fungi that can cause a number of fatal diseases.
Europe Mycotoxin Testing Market Dynamics
Drivers
- Rising risk of mycotoxin contamination
The mycotoxins testing market is expected to grow during the forecast period due to the increased risk of mycotoxin contamination in livestock feed and rising incidences of mycotoxin occurrences in crops.
- Stringent regulations laid by the government on the implementation of testing
Various governments and regulatory bodies have made testing of animal feed and food ingredients mandatory throughout the world. Animal feed is not approved for marketing unless its safety and efficacy have been proven. Such precautions to avoid contamination, chemicals, and toxic presence have significantly impacted the growth of the mycotoxin testing market. Many countries have enacted specific regulations for mycotoxins in food and animal feed to protect human and animal health.
Opportunity
Increasing food trade across the borders of emerging markets expands the market's opportunity for growth. The rising number of food-borne illnesses and poor sanitation and processing conditions in factories in a few countries necessitate the need for mycotoxin testing of food. The implementation of regulations in emerging economies that have entered the food trade and the authorization of authorities to prohibit the import and supply of contaminated food and enforce food recalls are expected to increase demand for testing services in these regions. Furthermore, increasing cases of mycotoxicosis outbreaks in Asia and Africa are expected to create significant growth opportunities for mycotoxin testing in these regions.
Restraints
Several developing regions in mycotoxin testing markets lack organization, sophistication, and technology. Food control laboratory infrastructure is likely to be scarce in many developing countries due to limited resources, limited technology, and poor management. There are numerous issues concerning food safety, such as a lack of institutional coordination, outdated technology, a lack of expertise for executing regulation at the lowest levels, and a lack of updated standards, all of which have hampered the testing market. Laboratories are under-equipped and lack appropriately untrained analytical personnel.
This mycotoxin testing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the mycotoxin testing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- SGS announced the expansion of its new food microbiological testing lab in Fairfield, New Jersey, USA, in October 2019. The 2,000-square-foot microbiological testing facility employs an information technology platform to provide various testing services to food producers, manufacturers, and suppliers across all food categories.
- SGS announced the expansion of its new food microbiological testing lab in Carson, California, in March 2019. The microbial testing facility is 2,400 square feet in size. This expansion aims to broaden the company's geographical coverage and its global network of agriculture and food labs.
Europe Mycotoxin Testing Market Scope
The mycotoxin testing market is segmented on the basis of type, product type, technology, sample and end user.
Type
- Aflatoxins
- Ochratoxins
- Fusarium toxins
- Deoxynivalenol
- Patulin
- Cyclopiazonic acid
- Ergot alkaloids
- Citrinin
- Sterigmatocystin
- Alternaria
- T-2 toxin
- Others
Product type
- Devices
- Reagents & kits
- Services
Technology
- Chromatography based
- Immunoassay-based
- Lateral flow assay based
- Spectroscopy based
- Others
Sample
- Food & beverages
- Feed
- Pharmaceutical
End-user
- Research lab
- Research institutes
- Food testing industries
- Others
Europe Mycotoxin Testing Market Regional Analysis/Insights
The mycotoxin testing market is analyzed, and market size insights and trends are provided by country, type, product type, technology, sample and end-user, as referenced above.
The countries covered in the mycotoxin testing market report are Germany, France, Italy, Spain, U.K., Russia, Turkey, Belgium, Switzerland, the Netherlands and rest of Europe.
Germany is expected to grow with the highest CAGR due to the establishment of the guidelines and rising concern towards food safety and regulations. Germany has comprised the highest market share as the country has been observed to have the highest range of mycotoxin in their food and feed products, and their engagement in the development of the techniques has made their strong presence in the Europe region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, and case studies are some of the pointers used to forecast the Market scenario for individual countries. Also, the presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Europe Mycotoxin Testing Market Share Analysis
Mycotoxin testing market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the mycotoxin testing market.
Some of the major players operating in the mycotoxin testing market are:
- Intertek Group plc (London, U.K.)
- Eurofins Scientific (Val Fleuri, Luxembourg)
- NEOGEN Corporation (Michagain, U.S.)
- LGC Limited (A Subsidiary of Kohlberg Kravis Roberts & Co. L.P.) (England, U.K.)
- EnviroLogix (Portland, U.S.)
- TÜV SÜD (Munich, Germany)
- Mérieux NutriSciences Corporation (Illinois, U.S.)
- QIMA (Hong Kong, China)
- Romer Labs Division Holding GmbH (Getzersdorf, Austria)
- SGS SA (Geneva, Switzerland)
- Fera Science Limited (a subsidiary of Capita plc.) (London, U.K.)
- SYNLAB International GmbH (Munich, Germany)
- AB Sciex Pte. Ltd. (Massachusetts, U.S.)
- R-Biopharm AG (Darmstadt, Germany)
- Soft Flow Ltd. (A subsidiary of FOSS Group) (Pecs, Hungary)
- TLR International Laboratories (Rotterdam, Netherlands)
- Deltamune (North East Pretoria, South Africa)
- Bureau Veritas (Neuilly-sur-Seine, France)
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