Global Mycotoxin Feed Testing Market – Industry Trends and Forecast to 2029

Mycotoxin Feed 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 moulds. 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 feed testing market was valued at 1022.63 million in 2021 is expected to reach the value of USD 1906.88 million by 2029, at aw CAGR of 8.10% 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 in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Mycotoxin Feed Testing Market Scope and Segmentation

Market Definition

Mycotoxins are secondary metabolites of moulds that contaminate crops and plants. Mycotoxin is capable of infecting both humans and animals. They are poisonous chemical compounds produced by a fungus that infects grains. Mycotoxins can cause disruptions in vital hormonal systems, organ damage, immune system weakness, and even cancer. Controlling mycotoxin contamination requires disseminating information about mycotoxins, anticipating and avoiding contamination, detecting mycotoxins in grains, making effective use of contaminated grain, and breeding fungal resistance into crops.

Mycotoxin Feed Testing Market Dynamics

Drivers

• Rising risk of mycotoxin contamination

Mycotoxins testing market is expected to grow during the forecast period due to factors such as increased risk of mycotoxin contamination in livestock feed and rising incidences of mycotoxin occurrences in crops.

• Stringent regulations laid by government on implementation of testing

Throughout the world, various governments and regulatory bodies have made testing of animal feed and food ingredients mandatory. 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 as well as 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, as well as 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 organisation, 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 by untrained analytical personnel.

This mycotoxin feed testing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, 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 feed 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.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Mycotoxin Feed Testing Market

COVID-19 has resulted in a significant shift in consumer demand, shifting away from restaurants, food service, and other types of "food away from home" and toward food consumed at home. This has resulted in numerous significant changes in the way food supply chains operate. As the COVID-19 pandemic spread, sales of "food away from home" (food consumed in hotels, restaurants, catering, and cafés) fell precipitously. COVID-19 has caused havoc in the food processing industry. Food companies in this industry have been impacted by social distancing rules, labour shortages due to movement restrictions, and lockdown measures to contain the virus's spread. Furthermore, regional governments' actions have limited the number of people working in small areas, which has hampered growth of the food industry.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• 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 a wide range of 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 microbiological testing facility is 2,400 square feet in size. This expansion aims to broaden the company's geographical coverage as well as its global network of agriculture and food labs.

Global Mycotoxin Feed Testing Market Scope

The mycotoxin feed testing market is segmented on the basis of type, technology, sample and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Aflatoxins
• Ochratoxins
• Fusarium toxins
• Deoxynivalenol
• Patulin
• Others

Technology

• Chromatography based
• Immunoassay-based
• Lateral flow assay based
• Spectroscopy based
• Others

Sample

• Cereals and Cereal By-Products
• Seeds and Seed Products
• Forage and Silage
• Others

Application

• Fruits and Vegetables
• Dairy Products
• Meat and Seafoods
• Cereal
• Others

Mycotoxin Feed Testing Market Regional Analysis/Insights

The mycotoxin feed testing market is analysed and market size insights and trends are provided by country, type, technology, sample and application as referenced above.

The countries covered in the mycotoxin feed testing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

The United States dominates the North American market due to 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, Germany is dominating the market and driving growth in Europe. China is expected to dominate the market in the Asia-Pacific region due to advances in technology and innovation in food testing as well as rising consumption in the region and the region's rising lifestyle.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact 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, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Mycotoxin Feed Testing Market Share Analysis

The mycotoxin feed testing market competitive landscape provides details by competitor. 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 mycotoxin feed testing market.

Some of the major players operating in the mycotoxin feed testing market are:

• SGS (Switzerland)
• Bureau Veritas (France)
• Eurofins (Luxembourg)
• Intertek (U.K.)
• Mérieux NutriSciences (US)
• 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.)
• Krishgen Biosystems (U.S.)

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