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Global Mycotoxin Testing Market to be worth USD 1400.91 million by 2026 The research players Bureau Veritas; Eurofins Scientific; AsureQuality; Romer Labs Division Holding GmbH

Global Mycotoxin Testing Market

Market Analysis: Global Mycotoxin Testing Market

Global Mycotoxin Testing Market is expected to rise from its initial estimated value of USD 873 million in 2018 to an estimated value of USD 1400.91 million by 2026, registering a CAGR of 6.09% in the forecast period of 2019-2026. This rise in market value can be attributed to growing volumes and prevalence of international trades requiring

Key Market Competitors: Global Mycotoxin Testing Market

Few of the major competitors currently working in the mycotoxin testing market are

  • Bureau Veritas;
  • Eurofins Scientific;
  • AsureQuality;
  • Romer Labs Division Holding GmbH;
  • SGS SA;
  • ALS Limited;
  • Symbio Laboratories;

Microbac Laboratories, Inc.; NEOGEN CORPORATION; Intertek Group plc; VICAM, A Waters Business; OMIC USA Inc.; Mérieux NutriSciences and EnviroLogix

Market Definition: Global Mycotoxin Testing Market

Mycotoxins can be defined as the harmful chemicals that are the produced by molds and fungi. These chemicals are a cause of a number of potential harmful diseases affecting everyone coming in contact with the affected food grain. This requires the need for testing and identifying these harmful chemicals in food grains and crops being grown over farms.

Competitive Analysis: Global Mycotoxin Testing Market

Global mycotoxin testing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of mycotoxin testing market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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To obtain such first-class Mycotoxin Testing Market research report, meticulous hard work of skilled forecasters, well-versed analysts and knowledgeable researchers have been utilized. It includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. Mycotoxin Testing Market report covers strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market. This Mycotoxin Testing Market report also performs the systematic, objective and exhaustive study of the facts related to any subject in the field of marketing.

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Segmentation: Global Mycotoxin Testing Market

  • By Type
    • Aflatoxins
    • Ochratoxins
    • Fumonisins
    • Deoxynivalenol
    • Trichothecenes
    • Zearalenone
    • Patulin
    • Others
  • By Sample
    • Food
      • Cereals, Grains & Pulses
      • Milk & Milk Products
      • Meat, Poultry & Seafood
      • Nuts, Seeds & Spices
      • Fruits & Vegetables
      • Others
    • Feed
      • Cereals & Cereal By-Products
      • Seeds & Seed Products
      • Forage & Silage
      • Others
  • By Technology
    • Chromatography & Spectroscopy Based
      • High Performance Liquid Chromatography (HPLC)
      • Others
        • Liquid Chromatography
        • Coupled Chromatography
        • Gas Chromatography
        • Tandem Chromatography
      • Immunoassay-Based
  • By Geography
    • North America
      • US
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
      • Russia
      • Turkey
      • Belgium
      • Netherlands
      • Rest of Europe
    • Asia-Pacific
      • Japan
      • China
      • South Korea
      • India
      • Australia
      • Singapore
      • Malaysia
      • Indonesia
      • Thailand
      • Philippines
      • Rest of Asia-Pacific
    • Middle East and Africa
      • South Africa
      • Egypt
      • Saudi Arabia
      • United Arab Emirates
      • Israel
      • Rest of Middle East and Africa

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Market Drivers:

  • Variations in temperature and rise in levels of humidity leading to prevalence of mycotoxins; this factor is expected to drive the market growth
  • Growing awareness regarding presence of harmful toxins present in the various food and beverages has resulted in increasing demand for food testing services

Market Restraints:

  • Requirement of high cost equipment and capabilities in providing testing services; this factor is expected to act as a restraint to the market growth
  • Lack of regulations and infrastructure required for the adoption of services is expected to act as a restraint to the market growth

Key Developments in the Market:

  • In January 2019, Bureau Veritas and AsureQuality announced that they had collaborated to form a food testing company based out of Singapore that will provide vast levels of food and water testing capabilities and equipment services to the Asia region.
  • In November 2017, Eurofins Scientific announced that they had acquired Spectro Analytical Labs Ltd. With this acquisition Eurofins will be able to provide their expertise in testing and analysis to India and the neighbouring regions.

Key Insights in the report:

  • Competitive analysis of key competitors involved in the market
  • Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
  • Market drivers and restraints analysis along with the analysis of the market structure

analysis of major industry players.

About Data Bridge Market Research:

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Data Bridge Market Research

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