Mycotoxin Testing Market
Growth Factors of Mycotoxin Testing Market
The mycotoxin testing market size was valued at USD 1.23 billion in 2023, and the market is now projected to grow from USD 1.32 billion in 2024 to USD 2.40 billion by 2032, exhibiting a CAGR of 32.52% during the forecast period of 2023-2030.
The COVID-19 pandemic created significant opportunities on the mycotoxin testing market growth as curbing coronavirus outbreak was prioritized. The COVID-19 pandemic extensively affected the food and feed supply chain due to border closures, production site shutdowns, and authorities restrictions, leading to a decline in worldwide food and feed production and trade.
The mycotoxin testing share globally has been contributed due to the increasing internation trade of cereals. The speedy increase in food alternate underscores the significance of truthful alternate practices, increasing the demand for stringent rules on mycotoxin. Several factors play a crucial role in regulating mycotoxin limits in food and feed, which include food intake, alternate toxicological and prevalence facts, sampling, analysis technique, and geopolitical, socio-monetary, and environmental problems.
Furthermore, there’s been a notable trend of Rising Awareness Toward Food Safety. The flourishing biotechnology enterprise facilitates the improvement of latest technologies and evaluation of various styles of mycotoxin pathogens, fueling the call for mycotoxin guidelines in rising nations and updates to regulatory requirements in advanced countries.
Comprehensive Analysis of Commercial Vehicle Market
The commercial vehicle market and food processing industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the food processing industry. These segmentations are methodically segregated by types of pathogen type, technology, application and feed. The Pathogen Type include Aflatoxin, Patulin, Zearalenone, Fumonisins, Ochratoxins, Deoxynivalenol, and Others; By Technology includes Chromatography and Spectroscopy-based, Immunoassay-based, and others; By Application includes Food (Cereals, Grains and Pulses, Nuts, Seeds & Spices, Fruits & Vegetables, Dairy Products, and Others) and Feed (Cereals and Cereals by products, Seeds and Seed products, Forage and Silage, and others).
The Asia Pacific region is conducive to the global respiratory devices market, leading to a recall of USD 0.40 billion owing to largest producers of crops. The one-of-a-kind climatic situations across the region’s full-size agricultural lands unfold across special temperate zones, bringing about numerous distributions of toxigenic fungi.
The top players in the market play a crucial role in the food processing industry assuring industrial prospectus growth and setting market standards. These players include, ALS Limited (Australia), Bureau Veritas (France), Charm Sciences, Inc. (U.S.), EMSL Analytical, Inc. (U.S.), IEH Laboratories and Consulting Group (U.S.), Intertek Group PLC Solutions (U.K.), Krishgen BioSystems (India), PerkinElmer, Inc. (U.S.), Premier Analytical Services (U.K.), and SGS S.A. (Switzerland) these market players provide a level-playing competitive landscape.
In January 2024, Creative Diagnostics, a main producer and dealer of important assay reagents, antibodies, and conjugates for meals and feed toxicology analysis, introduced the release of its all-new reagents. These reagents are well matched with aflatoxins B1/M1 ELISA kits, aflatoxin total ELISA kits, and aflatoxin B1 screen tests.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 7.69% from 2024 to 2032
Unit Value (USD Billion)
Segmentation
By Pathogen Type
- Aflatoxin
- Patulin
- Zearalenone
- Fumonisins
- Ochratoxins
- Deoxynivalenol
- Others
By Technology
- Chromatography and Spectroscopy-based
- Immunoassay-based
- Others
By Application
- Food
- Cereals, Grains and Pulses
- Nuts, Seeds & Spices
- Fruits & Vegetables
- Dairy Products
- Others
- Feed
- Cereals and Cereals by products
- Seeds and Seed products
- Forage and Silage
- Others
By Region
- North America (By Pathogen Type, Technology, Application, and Country)
- Europe (By Pathogen Type, Technology, Application, and Country)
- Germany
- France
- Italy
- Spain
- U.K.
- Rest of Europe
- Asia Pacific (By Pathogen Type, Technology, Application, and Country)
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- South America (By Pathogen Type, Technology, Application, and Country)
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa (By Pathogen Type, Technology, Application, and Country)
- Saudi Arabia
- South Africa
- Rest of ME&A
Please Note: It will take 5-6 business days to complete the report upon order confirmation.