Global Mycotoxin Testing Market: Overview
According to the Food and Agriculture Organization of the United Nations (FAO), nearly 25% of food produced in the world contains mycotoxins, which are secondary metabolites of moulds and toxic in nature. There are roughly 400 known species of mycotoxins of different chemical compound classes, out of which 25 are quite common due to their frequency in occurrence. With the rising population across the globe, the demand for food is escalating, which as a result makes it mandatory to emphasize more on mycotoxin testing. Consequently, the global market for mycotoxin testing is estimated to expand at a healthy CAGR during the forecast period of 2016 to 2024.
This report on global market for mycotoxin testing is a comprehensive inspection of the factors that are expected to influence the demand over the course of next few years. It also notes some of the trends and opportunities that may prove to be a boon for the market in the near future. One of the key feature of the report is the section on company profiles, wherein some of the key vendors have been analyzed for their market share, geographical presence, product portfolio, and recent strategic developments. The global mycotoxin testing market can be segmented on the basis of type into aflatoxins, fusarium toxins, patulin, ochratoxins, and other toxins including alternaria, citrinin, ergot alkaloids, sterigmatocystin, and cyclopiazonic acid, on the basis of technology into high pressure liquid chramoatography (HPLC), LC-MC or GC-MS, and Immunoassay-based or Enzyme-linked immunosorbent assay (ELISA).
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Global Mycotoxin Testing Market: Trends and Opportunities
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. Several governments across the globe have taken a note of the issues caused by mycotoxins and have introduced stringent regulations for the players in the food and beverage industry to follow. 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 lack of food control systems, infrastructure, and technology in the emerging economies is expected to hinder the growth rate of the global mycotoxins market.
Currently, fusarium toxin segment has the maximum demand, and is expected to remain prominent throughout the forecast period, due to a vast number of fusarium toxin prevalence in several kinds of foods and increasing food trade which requires proper contamination check before being shifted from two locations of different climates. By technology, HPLC remains most common method as it is economical and effective in detecting mycotoxins.
Global Mycotoxin Testing Market: Region-wise Outlook
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Geographically, the report studies the opportunities available in the regions of North America, Asia Pacific, Europe, and Rest of the World. Currently, Europe serves the maximum demand, with the U.K. dominating the country-wide market. This is a reflection of food safety policies in this region by National Reference Laboratories (NRLs), Control Laboratories (CLs), Euroepan Food Safety Authority (EFSA), and EU Reference Laboratories (EURLs).
Companies mentioned in the research report
Some of the prominent players in global mycotoxin testing market are Bureau Veritas S.A., ALS Ltd., Asurequality Ltd., Eurofins Scientific SE, Microbac Laboratories, Inc., Intertek Group PLC., Romer Labs Diagnostic GmbH, Silliker, Inc., SGS S.A., and Symbio Laboratories.
Major regions analyzed under this research report are: Europe North America Asia Pacific Rest of the World
This report gives you access to decisive data such as: Market growth drivers Factors limiting market growth Current market trends Market structure Market projections for the coming years
Key highlights of this report Overview of key market forces propelling and restraining market growth Up-to-date analyses of market trends and technological improvements Pin-point analyses of market competition dynamics to offer you a competitive edge An analysis of strategies of major competitors An array of graphics and SWOT analysis of major industry segments Detailed analyses of industry trends A well-defined technological growth map with an impact-analysis Offers a clear understanding of the competitive landscape and key product segments The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications. The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa) The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain. A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period. Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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