The global demand for Mycotoxin Testing Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Mycotoxins are the toxic secondary metabolites produced by molds, a type of fungi. These secondary metabolites easily form colonies and contaminate agricultural produce including plants, crops, and fruits at a large scale. Mycotoxins cause toxic effects leading to serious diseases and harmful effects on humans and animals. Few examples of mycotoxins include citrinin, aflatoxin, ochratoxin, and zearalenone. Due to the toxic effects mycotoxins have become serious health concerns. Mycotoxin testing is performed by using various techniques such as high-pressure liquid chromatography (HPLC), Immunoassay-based or Enzyme-linked immunosorbent assay (ELISA), and Gas chromatography-mass spectrometry (GC-MS).
The global demand for food is expanding rapidly owing to the rising population. As a result demand for food testing is increasing to offer quality and toxin-free food to the consumers. The prime factors that are boosting the global mycotoxin testing market include increasing demand for healthy and toxin-free food, stringent regulation by FDA related to mycotoxins, food recalls due to the presence of mycotoxins. Furthermore, factors such as increased awareness about the toxins and growing international trade are also fuelling the market. Due to global pandemic COVID-19, many businesses have been disrupted including the agricultural and food sector, hence the pandemic likely to cause some restraints to the mycotoxin testing market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of mycotoxin testing.
The entire mycotoxin testing market has been sub-categorized into type, sample and technology. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Others (Cyclopiazonic Acid and Citrinin)
- Chromatography-based & Spectroscopy-based
This section covers regional segmentation which accentuates on current and future demand for mycotoxin testing market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Mycotoxin Testing Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the mycotoxin testing market include SGS SA, Bureau Veritas SA, Intertek Group plc, Eurofins Scientific SE, ALS Limited, Neogen Corporation, AsureQuality Limited, Microbac Laboratories, Inc., Romer Labs Inc., Symbio Laboratories, Mérieux Nutrisciences Corporation, OMIC USA Inc. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.