Mycotoxin Testing Market, By Type (Aflatoxins, Ochratoxin, Fumonisins, Zearalenone, Deoxynivalenol, Trichothecenes, and Patulin), By Technology (Chromatography- & Spectroscopy-Based and Immunoassay-Based), By Sample (Feed & Food), – By Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) – Market Trends, Analysis, and Forecast Till 2029.

Mycotoxin can be referred to secondary metabolites of molds which foul the crops & plants. Mycotoxin has the capabilities of causing infection to both human beings & animals. They are poisonous chemical products that are made by the fungi that colonize the grains. Many species can produce the same mycotoxins but various types of mycotoxin can be produced by single species. The toxin cannot be unseen by the nude eye. Though, the mold that yields mycotoxins can be seen by the naked eyes. Aspergillus flavus, the mold which are responsible for the making mycotoxin seems yellowish-green in color. As the fungus ages, the spores turn to darker green. According to the FAO (Food and Agriculture Organization) of the UN (United Nations), approximately 25% of food that are produced in the world consist of mycotoxins, are secondary mold metabolites and are toxic by nature. Approximately there are 400 known categories of mycotoxins which are of different compound classes, among them 25 are very common due to their happening. As the growing population across the globe, the demand for food is escalating, this makes it mandatory to accentuateon Mycotoxin Testing Market.

Impact of COVID-19 pandemic on market

At the starting of 2020, COVID-19 disease began to spread around the world; many more peoples are infected with COVID-19 disease, and major countries around the world send the orders to companies for employee prohibition and work stoppage. Every organization is prepared for the loss by this pandemic. Covid-19 pandemic outbreak in various regions/countries, the mycotoxin testing market in 2020 is observed to witness a decline due to the lockdowns in various countries, a closure of international borders, and delays in cross border transits, which has led to supply chain hindrances.

Various government and regulatory bodies across the world have made testing of animal feed and food ingredients mandatory. The regulatory authorities do not approve animal feed for marketing, unless its safety and efficacy are proven. Such measures to prevent potential threats of contamination, chemicals, and toxic presence have been affecting the growth of the mycotoxin testing market greatly. Apart from growing need for food safety, this market is driven by humid atmospheric conditions, which is leading to mycotoxins productions in food products such as cereals, bread and cookies, dried fruits, herbs and species, milk and dairy products, beverages such as beer and wine, and meat and poultry products. Moreover, consumer awareness regarding the presence of mycotoxins has increased multiple folds in the recent past, which is further propelling the demand. Increased international trade mandates, food recalls, and advanced technologies to rapidly and effectively test the presence of mycotoxins are other factors favoring the growth of the market.

However, the infrastructure of food control laboratories in many developing countries is likely to be scarce due to limited resources, limited technology, and poor management. There are numerous issues related to food safety such as lack of institutional coordination, outdated technology, less expertise for execution of regulation at low levels, and lack of updated standards; all these have been constraining the market for testing.

The global mycotoxin testing market is segmented based on the type, technology, sample and region.

On the basis of type the mycotoxin testing market is sub segmented on aflatoxins, ochratoxin, fumonisins, zearalenone, deoxynivalenol, trichothecenes, and patulin. Alfatoxins hold the largest market share owing to factors such as high prevalence in the agricultural products, which are used for human consumption such as corn, peanuts, groundnuts, cotton seeds, and tree nuts.

Depending upon the technology, the target market is segmented into chromatography-based, spectroscopy-based, and immunoassay-based. chromatography based segment holds the largest market share owing to factors such as introduction of faster liquid chromatography (LC) technologies for high-performance liquid chromatography (HPLC), fast LC systems offer various advantages, such as superior resolution, high sensitivity, and enhanced throughput to research laboratories which is more effective tool for immunoassay-based methods.

On the basis of source, the global market is divided into feed and food. The food segment dominates the market leads to factors that there is a mycotoxin present in large amount for the food industry.

Regional insights:

According to the region, market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America market is dominating because of innovative industries and growing research and development activities for providing product types such as devices, reagents & kits and other services along with the promising growth rate in the coming years. Germany is dominating in the market and leading the growth in the Europe market due to growing use of reagents & kits. China in the Asia-Pacific region is expected to dominate the market due to rise in technology and innovation in food testing and growing consumption of it in the region along with rising lifestyle of the region.

Detail Segmentation:

Attribute	Details
The base year for estimation	2019
Forecast Period	2019 - 2029
Market Representation	Revenue in USD Million & CAGR from 2019-2029
Market Segmentation	By Type – Aflatoxins, Ochratoxin, Fumonisins, Zearalenone, Deoxynivalenol, Trichothecenes, Patulin By Technology – Chromatography- based, Spectroscopy-based, Immunoassay-based By Source – Feed, and Food By Region - North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Regional Scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report Coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered in the report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029.  For the purpose of this study, has segmented the global mycotoxin testing market report based on type, technology, sample and region.

Global Mycotoxin Testing Market, By Type:

• Aflatoxins
• Ochratoxin
• Fumonisins
• Zearalenone
• Deoxynivalenol
• Trichothecenes
• Patulin

Global Mycotoxin Testing Market, By Technology:

• Chromatography-based
• Spectroscopy-based
• Immunoassay-based

Global Mycotoxin Testing Market, By Source:

• Feed
• Food

Global Mycotoxin Testing Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Major manufacturers have their presence in the European and Asian countries. Key players in the mycotoxin testing market are SGS, Bureau Veritas, Eurofins, Intertek, Mérieux NutriSciences, ALS Limited, Neogen. Key players are focusing on expanding their market prince. For instance, in October 2019, SGS announced the expansion of its new food microbiological testing lab in Fairfield, New Jersey, US. The 2,000 sq. ft. microbiological testing facility utilizes a information technology platform to offer food producers, manufacturers and suppliers with a broad spectrum of testing services across every food category.

• SGS
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Overview
  • Business Strategies
• Bureau Veritas
• Eurofins
• Intertek
• Mérieux NutriSciences
• ALS Limited
• Neogen.