Global Mycotoxin Testing Market report will help the reader understand the drivers and restrictions of the market with the help of SWOT analysis and Porter’s Five Forces tool. The review of the historic year and 2016 of the 2017 base year shows that in 2019-2026 the Global Mycotoxin Testing Market will make some progress. Global Mycotoxin Testing Market report is an in-depth Food & Beverage industry study that explains what market definitions, classifications, applications, commitments, and global trends are. The market for Global Mycotoxin Testing Market is divided into products, applications, end-users, and regions. Eventually, the best players and brands on the market will make calculated movements including certain launches of products, research, joint ventures, mergers, and acquisitions. In fact, the Global Mycotoxin Testing Market report gives all the top performers and brands company profiles.
Market Analysis: 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.
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.
Market Definition: Global Mycotoxin Testing Market
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
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Segmentation: Global Mycotoxin Testing Market
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)
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.
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.
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