Mycotoxin Testing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Mycotoxin Testing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

The global mycotoxin testing market is projected to grow significantly, boasting a compound annual growth rate (CAGR) of 6.7% between 2024 and 2031. Rising from a valuation of US$ 2.00 billion in 2024, the market size is anticipated to reach approximately US$ 3.16 billion by 2031. Factors such as increasing concerns about food and feed safety, stringent government regulations, and the expansion of global food trade are driving the demand for mycotoxin testing services worldwide.

Market Insights

1.Growing Focus on Feed Safety:

Ensuring feed safety is critical for maintaining animal health and, indirectly, human health and food safety. With a growing global population and increased animal product consumption, demand for secure, high-quality feed has surged. Mycotoxin contamination in feed poses serious challenges, driving the adoption of advanced mycotoxin testing solutions.

2.Expanding Global Food Trade:

The rise in international food trade and the growing popularity of processed foods are intensifying the focus on food safety. Consumers' heightened awareness of health risks from contaminated food further boosts the demand for mycotoxin testing services.

3.Stringent Food Safety Regulations:

Over 100 countries have implemented strict regulatory measures to limit mycotoxin levels in food and feed products. These efforts aim to reduce health risks and economic losses, driving market growth for mycotoxin testing.

Market Drivers

1.Demand from Food Processing Industry:

Urbanization, technological advancements, and rising purchasing power are fueling the rapid growth of the food processing sector. Mycotoxin testing is crucial for ensuring the safety of processed foods like bakery and dairy products, which are prone to contamination.

2.Increasing Focus in Pharmaceuticals:

The pharmaceutical industry offers a high-growth opportunity for mycotoxin testing providers. Stricter safety standards and rigorous clinical trial processes are driving demand for reliable testing services.

3.Technological Advancements:

New technologies in mycotoxin detection and analysis enable faster, more accurate testing, supporting market expansion.

Business Opportunities

1.Emerging Markets:

Developing regions such as Africa and Asia are experiencing more frequent mycotoxicosis outbreaks, presenting significant growth opportunities for industry players. For example, high aflatoxin levels in Nigerian food products underscore the need for reliable testing solutions.

2.Strategic Alliances:

Leading players are forming partnerships to expand in emerging markets. For instance, the 2018 joint venture between AsureQuality and Bureau Veritas aimed to establish comprehensive food-testing labs in Southeast Asia.

Regional Analysis
• Europe:

Europe leads the market, driven by stringent policies and a strong industry presence. Deoxynivalenol is the most frequently detected mycotoxin, particularly in corn samples, necessitating rigorous testing to safeguard livestock and food safety.
• China:

In East Asia, China holds a dominant position, accounting for approximately 50% market share in 2023. Government-led initiatives and strict food safety regulations drive growth in this region.
• Asia-Pacific and Africa:

These regions offer significant opportunities due to rising awareness and the prevalence of mycotoxin contamination.

Competitive Analysis

Leading players in the mycotoxin testing market include:
• SGS SA
• Eurofins Scientific SE
• AltaBioscience
• Romer Labs Division Holding GmbH
• Charm Sciences, Inc.
• Intertek Group plc.
• Trilogy Analytical Laboratories
• ELISA Technologies, Inc.
• EMSL Analytical, Inc.
• Belcosta Labs, Inc.
• ALS Limited
• Mérieux NutriSciences
• Premier Analytical Services

These companies are expanding laboratory networks, adopting cutting-edge technologies, and exploring opportunities in developing markets.

Mycotoxin Testing Market Segmentation
• By Type:
Aflatoxin
Ochratoxins
Deoxynivalenol
Fumonisins
Zearalenone
Trichothecene
Patulin
Others
• By End Use:
Food and Beverages
Cereals, Grains, and Pulses
Dairy Products
Nuts and Seeds
Meat and Poultry
Baby Food
Beverages
Bakery and Confectionery
Snacks and Others
Animal Feed
Pharmaceuticals
• By Region:
North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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