Market Forecast By Type (Aflatoxins, Ochratoxins, Fumonisin, Zearalenone, Deoxynivalenol, Trichothecenes, Patulin & Others (Sterigmatocystin, alkaloids, cyclopiazonic acid, citrinin, etc.)), By Sample (Food (Cereals, grains, and pulses, Milk & milk products, meat, poultry, and seafood, Nuts, seeds, and spices, Fruits & vegetables & Others (food additives such as colors & flavors, processed food, and preservatives, thickening agents, etc.)), Feed (Cereals & cereal by-products, Seeds & seed products, Forage & silage & Others (feed ingredients and concentrates))), By Technology (Chromatography, Immunoassay-based), By Regions (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) and competitive landscape
Product Code: ETC002181 | Publication Date: Apr 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 |
The global mycotoxin testing market is forecast to witness considerable growth over the coming years backed by the increasing regulations regarding food safety manufacturers, an outbreak of deadly diseases such as the COVID-19 pandemic, growing worldwide population resulting in increased demand for food products as well as excessive use of chemicals and pesticides in food harvest. Additionally, unusual weather conditions, for instance, unseasonable rains, cyclones, and droughts may also lead to mycotoxin infection and can result in severe health problems. Moreover, the consumption of commodities containing mycotoxin may lead to few acute and chronic diseases in humans as well as in animals. Further, According to the Food and Agriculture Organization, around 25% of the entire food produced worldwide consists of mycotoxin and there is a need for proper mycotoxin testing especially in the food and beverage sector and is expected to trigger the potential market growth of the Global mycotoxin testing market in the coming timeframe.
According to 6Wresearch, Global Mycotoxin Testing Market is projected to grow substantially during 2020-2026. This growth is primarily expected to be driven by increasing regulations and international trade mandates globally. The governments of various countries and regulatory authorities have made the testing of animal feed and food ingredients mandatory. Additionally, the availability of advanced technology and equipment is also anticipated to accelerate the demand for the mycotoxin testing market in the upcoming six years.
In terms of regions, the Europe mycotoxin testing market is expected to dominate the overall global mycotoxin testing market due to the presence of stringent testing policies in some of the European countries. Moreover, the U.K., Germany, and France are the key countries that are leading the European mycotoxin testing market with the highest growth potential expected to be witnessed in the coming years. Additionally, the Asia Pacific region has also emerged as the key growth region for the mycotoxin testing market due to a huge population base along with an increased need for food and beverages. Further, the majority of the feed ingredients are manufactured and exported from countries such as China and India. Moreover, China and India are emerging as the key growth markets for mycotoxin testing globally due to increasing investment in advanced testing technologies in these countries.
In terms of type, the aflatoxins segment accounts for the majority of the market share in the overall mycotoxin testing market worldwide as a result of its immense presence in agriculture products. Additionally, in terms of the sample, the food segment dominates the overall mycotoxin testing market globally.
Some of the key players in the global mycotoxin testing market are Bureau Veritas S.A., SGS S.A., Intertek Group Plc, Eurofins Scientific, Dts Laboratories, ALS Limited, ILS Limited, Asurequality Limited, Covance Inc., and Silliker, Inc.
The global mycotoxin testing market report comprehensively covers the market by type, by sample, by technology as well as by regions including the Americas, Europe, Middle East & Africa, and the Asia Pacific. The global mycotoxin testing market outlook report provides an unbiased and detailed analysis of global mycotoxin testing market trends, market share, opportunities, high growth areas, and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Rising food safety concerns are expected to positively impact the growth of the Global Mycotoxin Testing Market
Food safety regulation is the most important factor driving at a global level. The demand for the mycotoxin testing market is the increase in the productions of diversified food items & feed products due to atmospheric conditions. Further, growing awareness among the consumers, an increase in international trade, and consumer complaints are some of the drivers captured to potentially impact the positive growth of the Global mycotoxin testing market in the coming years. The demand for the Fusarium toxin is maximum as it is found in the cereals and also in its by-products and the change in the climatic conditions and need for prevention from contamination of cereals is the factor which is expected to drive the potential market growth of Fusarium toxin in the foreseeable future.
The implementation of animal feed testing regulation is expected to drive the potential growth of the Global Mycotoxin Testing Market in the foreseeable future.
The implementation of necessary mandates imposed by the government & regulatory bodies across the globe to test the animal feed & food ingredients has been made mandatory. There are many factors that affect the growth of the mycotoxin such as toxic presence, chemicals that are expected to pose a threat to animal health. However, there are a number of issues related to food safety such as outdated technology, lack of updated standards, the execution of regulation at low levels, and are contributing towards the slow growth of the mycotoxin testing strategies. But, in countries such as India and China, where government assistance in finance and for developing new innovative technologies is taking place, the market for mycotoxin testing equipment is expected to gain sound growth potential in the coming years in the aforementioned countries as well as globally.
By type, the aflatoxins segment accounted for the largest market size in the market during the forecast period
In the agriculture product at the global level, it was found highest prevalence in the product and aflatoxins increase in the demand of the market share which is used by the human and going to consumption many products such as corn, peanuts, groundnuts, cotton seeds, and tree nuts. According to the World Health Organization (WHO), the presence of aflatoxins leads to about 25% of the world’s food crops to be destroyed every year, thereby making it the most potent among all other toxins.
New Trends and Opportunities: Global Mycotoxin Testing Market
Nowadays, there is a growing need for food safety driven by the humid atmospheric conditions, which is leading to mycotoxin production in food such as milk and dairy products, cereals, herbs and species, and bread and cookies there are the beverages such as beer, spirits, and wine. The government of developed and developing countries is, hence, taking multiple steps across the globe to find a solution to the arising issue. Further, the implementation of advanced technologies for the effective testing of the presence of mycotoxins and to combat the rising issues, the demand for the right testing equipment is anticipated to witness scaled growth in the coming years.
The Global mycotoxin testing market is anticipated to register significant growth in the coming years on the back of an increase in the prevalence of deadly viruses in food which instigates food-borne infections and to combat the spread of the infection, proper testing of the presence of mycotoxin pathogens is essential. The market is anticipated to witness a proliferation backed by the provisions of the World Health Organization (WHO) and the food and drug administration across the developing and developed nations and agriculture active nations to alleviate the spread of such pathogens in food which tend to turn out harmful for human health and can even cause death. A rise in the foodborne diseases such as Norovirus in the African countries has given a spur to proper testing of food before the sale in the market and is anticipated to be a potential growth factor for the mycotoxin testing market across the African region in the upcoming six years and the timeframe thereafter and as a result, is anticipated to benefit the potential growth of the global mycotoxin market in the coming timeframe.
Key Highlights of the Report:
Markets Covered:
The global mycotoxin testing market report provides a detailed analysis of the following market segments:
By Type
By Sample
Food
Feed
By Technology
By Regions
Other Key Related Reports:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Global Mycotoxin Testing Market Overview |
3.1 Global Country Indicators |
3.2 Global Mycotoxin Testing Market Revenues 2016-2026F |
3.3 Global Mycotoxin Testing Market Revenue Share, By Type, 2019 & 2026F |
3.4 Global Mycotoxin Testing Market Revenue Share, By Sample, 2019 & 2026F |
3.5 Global Mycotoxin Testing Market Revenue Share, By Technology, 2019 & 2026F |
3.6 Global Mycotoxin Testing Market - Industry Life Cycle |
3.7 Global Mycotoxin Testing Market - Porter’s Five Forces |
4. Global Mycotoxin Testing Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Global Mycotoxin Testing Market Trends |
6. Global Mycotoxin Testing Market Overview, By Type |
6.1 Global Mycotoxin Testing Market Revenues, By Aflatoxins,2016-2026F |
6.2 Global Mycotoxin Testing Market Revenues, By Ochratoxins, 2016-2026F |
6.3 Global Mycotoxin Testing Market Revenues, By Fumonisin, 2016-2026F |
6.4 Global Mycotoxin Testing Market Revenues, By Zearalenone, 2016-2026F |
6.5 Global Mycotoxin Testing Market Revenues, By Deoxynivalenol, 2016-2026F |
6.6 Global Mycotoxin Testing Market Revenues, By Trichothecenes, 2016-2026F |
6.7 Global Mycotoxin Testing Market Revenues, By Patulin, 2016-2026F |
6.8 Global Mycotoxin Testing Market Revenues, By Others, 2016-2026F |
7. Global Mycotoxin Testing Market Overview, By Sample |
7.1 Global Mycotoxin Testing Market Revenues, By Food Products, 2016-2026F |
7.2 Global Mycotoxin Testing Market Revenues, By Feed, 2016-2026F |
8. Global Mycotoxin Testing Market Overview, By Technology |
8.1 Global Mycotoxin Testing Market Revenues, By Chromatography, 2016-2026F |
8.2 Global Mycotoxin Testing Market Revenues, By Immunoassay-based, 2016-2026F |
10. North America Mycotoxin Testing Market Overview |
10.1 North America Mycotoxin Testing Market Revenues, 2016-2026F |
10.2 North America Mycotoxin Testing Market Revenues, By Type, 2016-2026F |
10.3 North America Mycotoxin Testing Market Revenues, By Sample, 2016-2026F |
10.4 North America Mycotoxin Testing Market Revenues, By Technology, 2016-2026F |
11. Latin America Mycotoxin Testing Market Overview |
11.1 Latin America Mycotoxin Testing Market Revenues, 2016-2026F |
10.2 Latin America Mycotoxin Testing Market Revenues, By Type, 2016-2026F |
10.3 Latin America Mycotoxin Testing Market Revenues, By Sample, 2016-2026F |
10.4 Latin America Mycotoxin Testing Market Revenues, By Technology, 2016-2026F |
12. Asia Pacific Mycotoxin Testing Market Overview |
12.1 Asia Pacific Mycotoxin Testing Market Revenues, 2016-2026F |
12.2 Asia Pacific Mycotoxin Testing Market Revenues, By Type, 2016-2026F |
12.3 Asia Pacific Mycotoxin Testing Market Revenues, By Sample, 2016-2026F |
12.4 Asia Pacific Mycotoxin Testing Market Revenues, By Technology, 2016-2026F |
13. Europe Mycotoxin Testing Market Overview |
13.1 Europe Mycotoxin Testing Market Revenues, 2016-2026F |
13.2 Europe Mycotoxin Testing Market Revenues, By Type, 2016-2026F |
13.3 Europe Mycotoxin Testing Market Revenues, By Sample, 2016-2026F |
13.4 Europe Mycotoxin Testing Market Revenues, By Technology, 2016-2026F |
14. The Middle East and Africa Mycotoxin Testing Market Overview |
14.1 Middle East Mycotoxin Testing Market Revenues, 2016-2026F |
14.2 Middle East Mycotoxin Testing Market Revenues, By Type, 2016-2026F |
14.3 Middle East Mycotoxin Testing Market Revenues, By Sample, 2016-2026F |
14.4 Middle East Mycotoxin Testing Market Revenues, By Technology, 2016-2026F |
14. Global Mycotoxin Testing Market - Key Performance Indicators |
15. Global Mycotoxin Testing Market - Opportunity Assessment |
15.1 Global Mycotoxin Testing Market Opportunity Assessment, By Type, 2026F |
15.2 Global Mycotoxin Testing Market Opportunity Assessment, By Sample, 2026F |
15.3 Global Mycotoxin Testing Market Opportunity Assessment, By Technology, 2026F |
18. Global Mycotoxin Testing Market Competitive Landscape |
18.1 Global Mycotoxin Testing Market Revenue Share, By Companies, 2019 |
18.1.1 North America Mycotoxin Testing Market Revenue Share, By Companies, 2019 |
18.1.2 Latin America Mycotoxin Testing Market Revenue Share, By Companies, 2019 |
18.1.3 Asia Pacific Mycotoxin Testing Market Revenue Share, By Companies, 2019 |
18.1.4 Europe Mycotoxin Testing Market Revenue Share, By Companies, 2019 |
18.1.5 the Middle East and Africa Mycotoxin Testing Market Revenue Share, By Companies, 2019 |
18.2 Global Mycotoxin Testing Market Competitive Benchmarking, By Operating Parameters |
19. Company Profiles |
20. Key Recommendations |
21. Disclaimer |