Global Mycotoxin Testing Market research analysis and insights displayed in this report are very thoughtful for the businesses to make enhanced decisions, to build up better strategies about production, marketing, sales and promotion of a particular product. All this helps in extending their reach towards success. By understanding client’s needs precisely, this report merges business and product information for the sustainable growth in the market. The use of advanced tools and techniques applied for this report makes it the premium in the class. Global Mycotoxin Testing Market Report also provides a comprehensive survey of key market players based on the organization’s various goals such as profiling, the product outline, production quantity, the organization’s required raw materials, and financial health. This report represents the overall size of the 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 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.
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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; NEOGEN CORPORATION; Intertek Group plc; VICAM, A Waters Business; OMIC USA Inc.; Mérieux NutriSciences and EnviroLogix. Romer Labs Division Holding GmbH; SGS SA; ALS Limited; Symbio Laboratories; Microbac Laboratories, Inc.;
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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