Global Mycotoxin Testing Market to Reach US$1.9 Billion by 2030
The global market for Mycotoxin Testing estimated at US$1.4 Billion in the year 2024, is expected to reach US$1.9 Billion by 2030, growing at a CAGR of 5.9% over the analysis period 2024-2030. Spectroscopy- & Chromatography-Based, one of the segments analyzed in the report, is expected to record a 6.3% CAGR and reach US$1.6 Billion by the end of the analysis period. Growth in the Immunoassay-based segment is estimated at 4.7% CAGR over the analysis period.
The U.S. Market is Estimated at US$356.0 Million While China is Forecast to Grow at 9.1% CAGR
The Mycotoxin Testing market in the U.S. is estimated at US$356.0 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$450.7 Million by the year 2030 trailing a CAGR of 9.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.1% and 5.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.
Mycotoxin testing refers to the detection of toxic compounds produced by certain molds and fungi, commonly found in agricultural products such as grains, nuts, cereals, and animal feed. These naturally occurring toxins, such as aflatoxins, ochratoxins, and fumonisins, pose significant health risks to both humans and animals if consumed. Mycotoxin contamination can lead to serious health problems, including cancer, liver damage, and weakened immune systems, making testing essential to ensure food and feed safety. Regulatory agencies across the globe have established strict limits on mycotoxin levels in food and feed products, requiring manufacturers, farmers, and importers to conduct regular mycotoxin testing to comply with safety standards and prevent contamination throughout the supply chain.
Advancements in detection technologies are greatly enhancing the speed, sensitivity, and efficiency of mycotoxin testing. Traditional methods such as thin-layer chromatography (TLC) and enzyme-linked immunosorbent assays (ELISA) have been widely used for mycotoxin detection. However, these techniques are increasingly being complemented by more sophisticated methods such as high-performance liquid chromatography (HPLC), liquid chromatography-mass spectrometry (LC-MS), and rapid immunoassays. These advanced techniques offer greater precision, the ability to detect multiple mycotoxins simultaneously, and faster turnaround times, making them essential in modern food safety testing. Additionally, innovations in portable, on-site testing devices are enabling real-time detection of mycotoxins, allowing for more efficient monitoring at the point of production, reducing the risk of contamination entering the food supply chain.
Stricter food safety regulations and growing consumer awareness regarding food contaminants are driving the demand for mycotoxin testing. Regulatory bodies such as the U.S. Food and Drug Administration (FDA), the European Food Safety Authority (EFSA), and the Codex Alimentarius Commission have set stringent limits on permissible mycotoxin levels in food and feed products. Compliance with these regulations is essential for manufacturers and suppliers to ensure product safety and avoid legal penalties or trade restrictions. Additionally, rising consumer demand for transparency in food production is pushing companies to adopt more rigorous testing practices. As consumers become more informed about foodborne toxins and their health risks, there is increasing pressure on food producers and processors to provide safer, high-quality products that are free from harmful contaminants.
The growth in the mycotoxin testing market is driven by several factors, including advancements in detection technologies, increasing regulatory requirements, and heightened consumer awareness of food safety. The adoption of more advanced testing methods, such as LC-MS and HPLC, is improving the accuracy and speed of mycotoxin detection, making these technologies more widely used across the food and feed industry. The tightening of global food safety regulations, particularly in regions like North America and Europe, is compelling manufacturers and exporters to conduct regular mycotoxin testing to meet compliance standards. Moreover, the growing demand for organic and clean-label products is driving companies to adopt more rigorous testing protocols to ensure their products are free from mycotoxins and other contaminants. Additionally, climate change and environmental factors that promote mold growth in crops are increasing the risk of mycotoxin contamination, further driving the need for regular testing across agricultural and food production sectors. The expansion of international trade and the increasing complexity of global food supply chains are also contributing to the demand for robust mycotoxin testing solutions to ensure product safety from farm to consumer.
SCOPE OF STUDY:TARIFF IMPACT FACTOR
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APRIL 2025: NEGOTIATION PHASE
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