Global Mycotoxin Testing Market fueled by the stringent food safety regulations that have been implemented by several countries
Sarasota, FL – Zion Market Research, the market research group announced the analysis report titled “Mycotoxin Testing Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024“
Global Mycotoxin Testing Market: Overview
Mycotoxin is a term that is referred to secondary metabolites of molds which fouls the fruits and crop plants. Mycotoxin is capable of causing disease to both animals and human beings. They are toxic chemical products that are produced by the fungi that colonize the crops. Different mycotoxins are produced by one mold species but several species can produce the same mycotoxin. The mycotoxins weaken the receiving host which the fungus use them to better the environment for the fungal proliferation.
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Global Mycotoxin Testing Market: Segmentation
The global mycotoxin testing market is segregated into its type, technology, food tested and feed tested. On the basis of type, the mycotoxin market is segregated into fusarium toxins, patulin, aflatoxins, ochratoxins, Alternaria, ergot alkaloids, citrinin, sterigmatocystin, cyclopiazonic acid and others. Based on the technology, the global market is categorized into LC-MC/GC-MS- based, HPCL-based, immunoassay-based/ELISA, and others. Depending on the food tested the market is divided into cereals, pulses, meat and poultry, nut, spice, grains, dairy products, processed food, seed, and others. Similarly, depending on the feed tested the market is divided into cereals and its products, forage and silage, feed ingredients and concentrates, and oil meals and cakes.
Global Mycotoxin Testing Market: Growth Factors
The major factor that is driving the mycotoxin market is the stringent food safety regulations that have been implemented by several countries. The increase in the production of the mycotoxins in the food and feed products is due to the humid atmospheric conditions. The other factors that contribute to the growth of the market are consumer complaints, incremented international trade, and growing health concern among consumers. The demand for the fusarium toxin is the maximum in the global market. Fusarium toxin is commonly found in cereals and their by-products. The factors that are increasing the demand of the fusarium toxin market are rise in the commodities trade and the contamination in grain due to changing climatic conditions.
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Global Mycotoxin Testing Market: Regional Analysis
Region-wise, the mycotoxin market is diversified into Asia Pacific, North America, Europe, and Rest of the World. The regions that have dominance in the mycotoxin market are the North America and Europe. The factor that contributes to this growth is the stringent regulations in the countries such as Germany, the US, France and the UK. The country with the best growth rate in the mycotoxin market in the European region is the UK. In the coming years, the mycotoxin market is expected to boost in the Asia Pacific region owing to the increasing population in this region.
Global Mycotoxin Testing Market: Competitive Players
The major market players in the mycotoxin market include Bureau Veritas S.A., Intertek Group Plc., AsureQuality Ltd., Silliker Inc., Symbio Laboratories, SGS S.A, Eurofins Scientific SE, ALS Limited, Microbac Laboratories Inc., and Romer Labs Diagnostic GmbH.
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Source: Zion Market Research