The mycotoxin Testing Market was worth USD 1.23 billion in 2021 and is expected to grow at a CAGR of 6.1%, to reach USD 1.65 billion by 2026. Mycotoxins are toxic chemical substances produced by molds that affect plants and crops. These mycotoxins are hazardous and can cause harmful effects or can be life-threatening in animals and humans. The effect of toxins on humans can affect normal cell function and can cause diseases such as Kidney toxicity, Autism, Cancer, Immune suppression, and Birth Defects. Almost 50,000 species of molds are identified of which about 200 present health risks to humans and animals. When the conditions are right for their growth, spores of fungiform colonies and mycotoxin levels increase in the infected area.
Drivers and Restraints:
Food processing may not necessarily remove the contamination and hence mycotoxin testing is necessary for the detection of these toxins. Fungi have better-growing conditions in a moist atmosphere and most of the food products have some amount of moisture. Hence, mycotoxin testing is increasing in demand with the increase in food demand across the world. Increasing concerns for food safety and increasing awareness among people regarding the mycotoxin effects are increasing the demand for mycotoxin testing. All these factors are expected to drive the market. Lack of proper equipment in developing countries and complex regulatory standards are restraining the market.
REPORT METRIC |
DETAILS |
Market Size Available |
2021 – 2026 |
Base Year |
2020 |
Forecast Period |
2022 - 2027 |
CAGR |
6.1% |
Segments Covered |
By Type, By Technology, By Food Tested, By Feed Tested |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Bureau Veritas S.A, Symbio Laboratories, Romer Labs Diagnostic GmbH, Eurofins Scientific SE, Asurequality Ltd., ALS Ltd, Microbac Laboratories, Intertek Group PLC, Silliker, Inc, SGS S.A. |
Market Segmentation:
Ochratoxins
Geographical Classification of Mycotoxin Testing Industry:
Key Players:
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