According to a new market report published by Lucintel, the future of the mycotoxin testing market looks promising with opportunities in the feed and food markets. The global mycotoxin testing market is expected to grow with a CAGR of 7% from 2020 to 2025. The major drivers for this market are awareness among consumers of better-quality food and livestock-based products with improved sanitary measures.
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Mycotoxin testing is a process that detects the presence of harmful mycotoxin metabolites caused by mold or fungi in the body or home with a urine or environmental test. In this market, aflatoxins, ochratoxin, fumonisins, zearalenone, deoxynivalenol, trichothecenes, and patulin are the major types of mycotoxin testing. Lucintel forecasts that aflatoxins will remain the largest type segment over the forecast period, as there is growing awareness among consumers of better-quality food and proper labelling.
Within this market, chromatography & spectroscopy will remain the largest technology segment over the forecast period due to the preference of manufacturers to use techniques that give quick results as compared to the traditional methods, which has become more relevant during the spread of the virus in recent times.
Asia Pacific will remain the largest region, and it is also expected to witness the highest growth over the forecast period because the growth in the mycotoxin testing market is attributed to the Chinese government striving to attain global compliance in food safety regulations & standards to enhance the growth of its export industry.
SGS, Bureau Veritas, Eurofins, Intertek, Mérieux NutriSciences, ALS, Neogen, AsureQuality, Charm Sciences, and Premier Analytical Services are among the major suppliers in the global mycotoxin testing market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global mycotoxin testing market by type, technology, sample, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Mycotoxin Testing Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global mycotoxin testing market by type, technology, sample, and region as follows:
By Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Aflatoxins
Ochratoxin
Fumonisins
Zearalenone
Deoxynivalenol
Trichothecenes
Patulin
By Technology [Value ($ Million) shipment analysis for 2014 – 2025]:
Chromatography & Spectroscopy
Immunoassay
By Sample [Value ($ Million) shipment analysis for 2014 – 2025]:
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.