Global Mycotoxin Testing Market Report and Forecast 2024-2032

Global Mycotoxin Testing Market Outlook

The global mycotoxin testing market is expected to grow at a CAGR of 7.8% in the forecast period of 2024-2032 to attain a value of USD 2.42 billion by 2032.

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Accelerating Need for Food Safety to Aid the Market Growth of Mycotoxin Testing

The global market for mycotoxin testing is being significantly supported by the European region. The region is being driven by the governing administrations’ presence in the market who have imposed many mycotoxin testing policies within Europe. Within Europe, the United Kingdom is expected to be the fastest growing country. The Asia Pacific region is anticipated to witness a comparatively high growth in the mycotoxin testing industry globally. This can be attributed to the increasing concern for food safety among the consumers, along with the rising global trade.

The market for mycotoxin testing is being driven by the accelerating need for food safety. It is further aided by the moist atmosphere, which is a pre-requisite to the production of mycotoxins in food yields like herbs, dairy products, cookies, cereals, meat and poultry products, bread, and beverages like wine and beer.

Mycotoxin Testing: Market Segmentation

Mycotoxin is the secondary metabolites of moulds, which foul the crops and plants. Mycotoxin can cause infection to both human beings and animals. They are known to be poisonous chemical products that are created by the fungi that colonize the grains.

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On the basis of type, the market is divided into:

• Aflatoxins
• Alternaria
• Cyclopiazonic Acid
• Citrinin
• Fusarium Toxins
• Ergot Alkaloids
• Patulin
• Ochratoxins
• Sterigmatocystin
• Others

Based on technology, the industry can be segmented into:

• LC-MC/GC-MS
• High Pressure Liquid Chromatography (HPLC)
• Immunoassay-Based
• Others

By food type, the industry is divided into:

• Nuts
• Grains
• Fruits and Vegetables
• Processed Foods
• Dairy Products
• Meat and Poultry
• Pulses and Cereals
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Growing Concerns About the Presence of Mycotoxins in Food Products to Aid the Market Growth of Mycotoxin Testing

The market for mycotoxin testing is being driven by the growing concern and awareness about the presence of mycotoxins in products in the recent years. The market is further aided by the introduction of advanced technologies to immediately and efficiently test the presence of mycotoxins in food products. However, the market may face a slow down as a result of a lack of food controller systems, infrastructure facilities and equipment in the developing economies. This is a major drawback, which is restraining the growth of the market.

Key Industry Players in the Global Mycotoxin Testing Market

The report gives a detailed analysis of the following key players in the global mycotoxin testing market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Symbio Laboratories
• ALS Limited
• Intertek Group plc
• Mérieux NutriSciences
• Bio-Check (UK) Ltd
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report