Mycotoxin Testing Market Research to Witness a Healthy Growth during 2020 – 2025

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The report presents an in-depth assessment of the Global Mycotoxin Testing including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Mycotoxin Testing investments from 2020 till 2025.

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Top Leading Manufactures-

Eurofins Scientific, Intertek Group plc, SGS SA, Bureau Veritas S.A., ALS Limited, Symbio Laboratories

Market Overview
The Global Mycotoxin Testing Market is forecasted to reach USD 3.36 billion by 2024 growing at a CAGR of 11.7% during the forecast period (2019 – 2024).

– The mycotoxin testing ensures that the products are carcinogenic-free, and complies with the International regulation standards. The mycotoxins are toxic chemical compounds produced by a fungus, which can lead to various disease and even death.
– Cereals and grains are the products that get affected by the fungus, during storage. Therefore, mycotoxin testing becomes necessary for such products, to eliminate the risk of health hazards.
– Fusarium mycotoxins holding a major portion of the market share.

Key Market Trends

Immunoassay-based is the Fastest Growing Mycotoxin Testing Technology

ELISA (enzyme-linked immunosorbent assay) is one of the most popular immunologically-based methods used in test kits for the analysis of mycotoxins in foods and feeds. ELISA method for detection of mycotoxins has been used a by a number of food safety manufacturers and has been available for a decade now. The method is based on the ability of a specific antibody to distinguish the three-dimensional structure of a specific mycotoxin. ELISA mycotoxin tests are considered as high throughput assays with low sample volume requirements and often less sample extract clean-up procedures in comparison to the conventional methods, such as TLC and HPLC. ELISA detection method is reliable, rapid, specific, sensitive, easier, and portable for use in the field for the detection of mycotoxins in foods and feeds.

Europe Held the Highest Share in Mycotoxin Testing Market

Aflatoxin contamination of agricultural commodities poses considerable risk to human and livestock health and economic losses. Exposure of human to aflatoxin leads to several health-related conditions, including acute and chronic aflatoxicosis, immune suppression, liver cancer, liver cirrhosis, stunted growth in children, and many others. Aflatoxins are detected in several crops, especially in maize and groundnuts. Aflatoxin is the most important contaminant on the Rapid Alert System for Food and Feed (RASFF) of the European Union. In 2008, aflatoxins alone were responsible for almost 30% of all the notifications to the RASFF system (902 notifications). Fumonisins FB1 and FB2 have been found in rural areas of South Africa, in homegrown corn produced and consumed by the people living in those areas. Commercial corn-based human food products from retail outlets in several countries contain fumonisins.

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What are the market factors that are explained in the report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Analytical Tools: Global Mycotoxin Testing Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

The research includes historic data from 2014 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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