North America Mycotoxin Testing Market was worth USD 0.32 Billion in 2021 and is expected to grow at a CAGR of 5.8%, to reach USD 0.42 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 in which about 200 of them 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. Food processing may not necessarily remove the contamination and hence mycotoxin testing is necessary for the detection of these toxins.
Drivers and Restraints:
Fungi have better growth conditions in 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.
Ochratoxins
Aflatoxins are the largest market segment as it is the most common mycotoxin produced by molds. Fusarium segment is expected to be the fastest-growing segment due to wide number of toxins produced by fusarium genus.
HPLC is expected to be the largest market segment because it is considered to be the most effective tests for mycotoxin testing.
Geographical Analysis:
Based on geography, the North America market is categorized into U.S.A and Canada. U.S leads the mycotoxin testing market because it is one of the largest producers of cereals which are the major contaminated food products.
Key Players:
Some of the major players in this region are Bureau Veritas S.A, Symbio Laboratories, Romer Labs Diagnostic GmbH, Eurofins Scientific SE, Asurequality Ltd., ALS Ltd, Microbac Laboratories, Inc., Intertek Group PLC., Silliker, Inc., and SGS S.A.
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