North America Mycotoxin Testing Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2024 –2031 |
 Market Size (Base Year) |
USD 6.90 Million |
 Market Size (Forecast Year) |
USD 12.97 Million |
 CAGR |
% |
| Major Markets Players |
North America Mycotoxin Testing Market Segmentation, By Type (Aflatoxins, Ochratoxins, Fusarium Toxins, Deoxynivalenol, Patulin, Penicillium Toxins, Cyclopiazonic Acid, Ergot Alkaloids, Citrinin, Sterigmatocystin, Alternaria, T-2 Toxin, Zearalenone, Others), Product Type (Devices, Reagents & Kits, Services), Technology (Chromatography Based, Immunoassay-Based, Lateral Flow Assay Based, Spectroscopy Based, Others), Sample (Food, Feed, Pharmaceuticals), End User (Research Lab, Research Institutes, Food Testing Industries, Feed Testing Industries, Other) – Industry Trends & Forecast to 2031.
North America Mycotoxin Testing Market Size
North America mycotoxin testing market size was valued at USD 6.90 million in 2023 and is projected to reach USD 12.97 million by 2031, with a CAGR of 8.2% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
|
Attributes |
Mycotoxin Testing Key Market Insights |
|
Segmentation |
By Type: Aflatoxins, Ochratoxins, Fusarium Toxins, Deoxynivalenol, Patulin, Penicillium Toxins, Cyclopiazonic Acid, Ergot Alkaloids, Citrinin, Sterigmatocystin, Alternaria, T-2 Toxin, Zearalenone, Others By Product Type: Devices, Reagents & Kits, Services By Technology: Chromatography Based, Immunoassay-Based, Lateral Flow Assay Based, Spectroscopy Based, Others By Sample: Food, Feed, Pharmaceuticals |
|
Countries Covered |
U.S., Canada, Mexico |
|
Key Market Players |
Bureaus Veritas, Group plc, Eurofins Scientific, NEOGEN Corporation., LGC Limited (A SUBSIDIARY OF KOHLBERG KRAVIS ROBERTS & CO. L.P.), EnviroLogix, TÜV SÜD, VICAM, A Waters Business, SGS SA, Fera Science Limited (A Subsidiary Of Capita plc.), AB Sciex Pte. Ltd., R-Biopharm AG, TLR International Laboratories, Deltamune, Mérieux NutriSciences, QIMA, Certified Laboratories, Romer Labs Division Holding GmbH, OMIC USA Inc., |
North America Mycotoxin Testing Market Dynamics
Wide range of applications in cosmetic industry and growing demand of bioethanol as a fuel is the major driver which is propelling the market in the forecast period. Mycotoxins are secondary metabolites generated by a variety of filamentous fungi that grow on different foods and feeds. Such compounds cause a wide range of toxicological effects, which present a health risk for both humans and animals. Analysis of mycotoxins is an important method for managing fungal contamination of food and feed. The consequences of certain food-borne mycotoxin are severe, with signs of a serious illness occurring rapidly after the ingestion of mycotoxin-contaminated food items. Many food-borne mycotoxins have been related to long-term health effects, including cancer induction and immune deficiency. The detection method used in mycotoxin quantification methods includes chromatographic techniques, physico-chemical methods, biological methods, and immunological methods. Raising mycotoxins production owing to humid atmospheric conditions and straighten government regulations regarding food safety is driving the mycotoxin testing market. Lack of food control infrastructure & instrumentation in emerging countries and high capital investment is expected to restraint the usage of mycotoxin testing in the forecasted period.
The mycotoxin testing market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
North America Mycotoxin Testing Market Scope
Mycotoxin testing market is segmented on the basis of type, product type, technology, sample and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Type
- Aflatoxins
- Ochratoxins
- Fusarium Toxins
- Deoxynivalenol
- Patulin
- Penicillium Toxins
- Cyclopiazonic Acid
- Ergot alkaloids
- Citrinin
- Sterigmatocystin
- Alternaria
- T-2 toxin
- Zearalenone
- Others
Product Type
- Devices
- Reagents & Kits
- Services
Technology
- Chromatography based
- Immunoassay-based
- Lateral Flow Assay Based
- spectroscopy based
- Others
Sample
- Food
- Feed
- Pharmaceuticals
End user
- Research Lab
- Research Institutes
- Food Testing Industries
- Feed Testing Industries
- Others
Mycotoxin Testing Market Regional Analysis
The mycotoxin testing market is analyzed and market size information is provided by country, type, product type, technology, sample and end user as referenced above.
The countries covered in the mycotoxin testing market report are the U.S., Canada, Mexico.
North America is expected to dominate the market due to growing promotion and innovation along with awareness program of the region U.S. is dominating in the market and leading the growth in the North America market due to growing testing laws and regulations framed towards the hygiene food in the region with the promising growth rate in the forecast period of 2024 to 2031.
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 such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Mycotoxin Testing Market Share
Mycotoxin 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, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to market.
Mycotoxin testing Market Leaders Operating in the Market Are:
- Bureaus Veritas
- Group plc
- Eurofins Scientific
- NEOGEN Corporation
- LGC Limited (A SUBSIDIARY OF KOHLBERG KRAVIS ROBERTS & CO. L.P.)
- EnviroLogix
- TÜV SÜD
- VICAM
- A Waters Business
- SGS SA
- Fera Science Limited (A Subsidiary Of Capita plc.)
- AB Sciex Pte. Ltd.
- R-Biopharm AG
- TLR International Laboratories
- Deltamune, Mérieux NutriSciences
- QIMA
- Certified Laboratories
- Romer Labs Division Holding GmbH
- OMIC USA Inc.
Latest Developments in Mycotoxin Testing Market
- In July 2020, LGC Limited acquired the Native Antigen Company which is a leading supplier of high quality infectious disease antigens and antibodies. The acquisition is going to enhance the credibility and brand image of the company.
- In March 2018, BUREAU VERITAS acquired EMG Corporation (EMG) which was a leader in construction and other services. The company has strengthened its service portfolio through the acquisition which has enhanced its brand value for the company and generated more income to it.
Collaboration, joint ventures and other strategies by the market player is enhancing the company market in the mycotoxin testing market which also provides the benefit for organisation to improve their offering for mycotoxin testing.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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