According to the Food and Agriculture Organization of the United Nations (FAO) nearly 25% of the world's food contains mycotoxins, which are toxic secondary metabolites of moulds. There are approximately 400 known species of mycotoxins of various chemical compound classes, with 25 being quite common due to their frequency of occurrence. With the world's population growing, the demand for food is increasing, necessitating a greater emphasis on mycotoxin testing.
Data Bridge Market Research analyses that the Mycotoxin Feed Testing Market was valued at 1022.63 million in 2021 and is expected to reach the value of USD 1906.88 million by 2029, at aw CAGR of 8.10% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Market Definition
Mycotoxins are secondary metabolites of moulds that contaminate crops and plants. Mycotoxin is capable of infecting both humans and animals. They are poisonous chemical compounds produced by a fungus that infects grains. Mycotoxins can cause disruptions in vital hormonal systems, organ damage, immune system weakness, and even cancer. Controlling mycotoxin contamination requires disseminating information about mycotoxins, anticipating and avoiding contamination, detecting mycotoxins in grains, making effective use of contaminated grain, and breeding fungal resistance into crops.
Recent Development
SGS announced the expansion of its new food microbiological testing lab in Fairfield, New Jersey, USA, in October 2019. The 2,000-square-foot microbiological testing facility employs an information technology platform to provide a wide range of testing services to food producers, manufacturers, and suppliers across all food categories.
SGS announced the expansion of its new food microbiological testing lab in Carson, California, in March 2019. The microbiological testing facility is 2,400 square feet in size. This expansion aims to broaden the company's geographical coverage as well as its global network of agriculture and food labs.
Mycotoxin Feed Testing Market
DynamicsDrivers
Rising risk of mycotoxin contamination
Mycotoxins testing market is expected to grow during the forecast period due to factors such as increased risk of mycotoxin contamination in livestock feed and rising incidences of mycotoxin occurrences in crops.
Stringent regulations laid by government on implementation of testing
Throughout the world, various governments and regulatory bodies have made testing of animal feed and food ingredients mandatory. Animal feed is not approved for marketing unless its safety and efficacy have been proven. Such precautions to avoid contamination, chemicals, and toxic presence have significantly impacted the growth of the mycotoxin testing market. Many countries have enacted specific regulations for mycotoxins in food and animal feed to protect human and animal health.
Opportunity
Increasing food trade across the borders of emerging markets expands the market's opportunity for growth. The rising number of food-borne illnesses as well as poor sanitation and processing conditions in factories in a few countries necessitate the need for mycotoxin testing of food. The implementation of regulations in emerging economies that have entered the food trade, as well as the authorization of authorities to prohibit the import and supply of contaminated food and enforce food recalls, are expected to increase demand for testing services in these regions. Furthermore, increasing cases of mycotoxicosis outbreaks in Asia and Africa are expected to create significant growth opportunities for mycotoxin testing in these regions.
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Some of the major players operating in the mycotoxin feed testing market are:
SGS (Switzerland)
Bureau Veritas (France)
Eurofins (Luxembourg)
Intertek (U.K.)
Mérieux NutriSciences (US)
ALS Limited (Australia)
Neogen (U.S.)
AsureQuality (New Zealand)
Charm Sciences (U.S.)
Premier Analytical Services (U.K.)
Dairyland Laboratories (U.S.)
Bio-Check (U.K.)
AES Laboratories (India)
IEH Laboratories and Consulting Group (U.S.)
Envirologix Inc. (U.S.)
EMSL Analytical, Inc. (U.S.)
Krishgen Biosystems (U.S.)
Global Mycotoxin Feed Testing Market
ScopeThe mycotoxin feed testing market is segmented on the basis of type, technology, sample and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Aflatoxins
Ochratoxins
Fusarium toxins
Deoxynivalenol
Patulin
Others
Technology
Chromatography based
Immunoassay-based
Lateral flow assay based
Spectroscopy based
Others
Sample
Cereals and Cereal By-Products
Seeds and Seed Products
Forage and Silage
Others
Application
Fruits and Vegetables
Dairy Products
Meat and Seafoods
Cereal
Others
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
And More....
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