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The global mycotoxin testing market is expected to grow at a CAGR of 7.8% in the forecast period of 2024-2032 to attain a value of USD 2.42 billion by 2032.
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The global market for mycotoxin testing is being significantly supported by the European region. The region is being driven by the governing administrations’ presence in the market who have imposed many mycotoxin testing policies within Europe. Within Europe, the United Kingdom is expected to be the fastest growing country. The Asia Pacific region is anticipated to witness a comparatively high growth in the mycotoxin testing industry globally. This can be attributed to the increasing concern for food safety among the consumers, along with the rising global trade.
The market for mycotoxin testing is being driven by the accelerating need for food safety. It is further aided by the moist atmosphere, which is a pre-requisite to the production of mycotoxins in food yields like herbs, dairy products, cookies, cereals, meat and poultry products, bread, and beverages like wine and beer.
Mycotoxin is the secondary metabolites of moulds, which foul the crops and plants. Mycotoxin can cause infection to both human beings and animals. They are known to be poisonous chemical products that are created by the fungi that colonize the grains.
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On the basis of type, the market is divided into:
Based on technology, the industry can be segmented into:
By food type, the industry is divided into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The market for mycotoxin testing is being driven by the growing concern and awareness about the presence of mycotoxins in products in the recent years. The market is further aided by the introduction of advanced technologies to immediately and efficiently test the presence of mycotoxins in food products. However, the market may face a slow down as a result of a lack of food controller systems, infrastructure facilities and equipment in the developing economies. This is a major drawback, which is restraining the growth of the market.
The report gives a detailed analysis of the following key players in the global mycotoxin testing market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Technology |
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Breakup by Food Type |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 7.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 2.42 billion by 2032.
The major drivers of the market are rising disposable incomes, increasing population, rising demand from the developing regions, growing concern and awareness about the presence of mycotoxins in food products, and increasing technological advancements.
The key trend guiding the growth of the market include the introduction of advanced technologies to immediately and efficiently test the presence of mycotoxins and increasing hygiene awareness.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading types of mycotoxins considered in the market are aflatoxins, alternaria, cyclopiazonic acid, citrinin, fusarium toxins, ergot alkaloids, patulin, ochratoxins, and sterigmatocystin, among others.
The major technologies in the market are LC-MC/GC-MS, high pressure liquid chromatography (HPLC), and immunoassay-based, among others.
The significant food types in the market are nuts, grains, fruits and vegetables, processed foods, dairy products, meat and poultry, and pulses and cereals, among others.
The key players in the global mycotoxin testing market are Symbio Laboratories, ALS Limited, Intertek Group plc, Mérieux NutriSciences, and Bio-Check (UK) Ltd, among others.
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