Global Mycotoxin Testing Market research report likewise covers significant advancements utilized and services provided by driving organizations of the worldwide Global Mycotoxin Testing Market. It gives insights regarding most recent industry patterns seen in various market sections. By giving business sector figures of each portion regarding volume and income, the report empowers market players to concentrate on high-development territories of the worldwide Global Mycotoxin Testing Market. Global Mycotoxin Testing Market from a global perspective by analyzing historical data and future prospects. This report categorizes North America, Europe, China, Japan, Southeast Asia and India’s production, apparent consumption, export and import of Global Mycotoxin Testing Market. Global Mycotoxin Testing Market consists of various data collected from various essential and vital sources. This data has been checked and approved by the industry experts, thus providing significant insights to the researchers, analysts, managers and other industry experts.
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
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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.
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.
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
By Type (Aflatoxins, Ochratoxins, Fumonisins, Deoxynivalenol, Trichothecenes, Zearalenone, Patulin, Others),
By Sample (Food, Feed),
By Technology (Chromatography & Spectroscopy Based, Immunoassay-Based),
By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
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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.
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
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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.
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