Mycotoxin Testing Market: By Mycotoxin Type (Ochratoxins, Fusarium Toxins, Aflatoxins, Patulin, Others), By Technology (Chromatography Techniques, Mass Spectroscopy techniques, Enzyme Linked Immunosorbent Assay (ELISA), Others), By Application (Food Products, feed Products, Others), By End User (Food and Feed Testing Industries, Research Institutes), and Geography  

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Mycotoxin Testing Market size was valued at USD 1,252.8 million in 2021, It is growing at a CAGR of 7.4% from 2022 to 2028. The global market provides a detailed overview of the global mycotoxin testing market, and that can be segmented by type, technology, and food tested. By type, the global mycotoxin testing market has been segmented into Aflatoxins, Ochratoxin A, Patulin, and Fusarium Toxins. The Aflatoxins segment is likely to be the largest and fastest-growing segment in terms of type. Aflatoxin is the most widely tested toxin for various applications. It is produced by fungi named Aspergillus flavus and Aspergillus parasiticus. Based on technology, the global mycotoxin testing market is segmented into HPLC-Based, LC-MS/MS-Based, and Immunoassay-Based. Among these, the LC-MS/MS-Based segment is expected to have the fastest-growing market during the forecast period 2022-2028. It is attributed to accurate and faster results than the traditional market. Based on the food tested, the segment has been segregated into Feed and Food. The food segment is expected to dominate other segments in the global mycotoxin testing market. It is due to the increasing prevalence of mycotoxin in cereals, grains and pulses. The feed segment is expected to witness the highest CAGR during the forecast period according to precision business insights.  The implementation of stringent regulations related to mycotoxin testing of animal feed and food is the major driver for the global market growth due to testing is mandatory by law. Moreover, rising need for food safety and increasing awareness about safety related laws and consequences are boosting the global mycotoxin testing market at a significant rate in the forecasted years. However, lack of technology and infrastructure may hamper the global market growth.  

Key Developments:

In Aug 2021, PerkinElmer launched a new-and-improved mycotoxin detection system to help pet food manufacturers, grain processors, feed mills and contract labs handle mycotoxin samples more accurately and efficiently.

Global Mycotoxin Testing Market Summary

Study Period

2023-29

Base Year

2022

CAGR

7.4%

Largest Market

Europe

Fastest Growing Market

North-America
Mycotoxin Testing Market Dynamics

Growing consumer awareness, advanced technology are anticipated to propel the market growth over the forecast years. Moreover, the rising need for food safety is burgeon the market growth over the forecast years.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Global Mycotoxin Testing Market Segmentation

By Mycotoxin Type
  • Ochratoxins,
  • Fusarium Toxins,
  • Aflatoxins,
  • Patulin,
  • Others
By Technology
  • Chromatography Techniques,
  • Mass Spectroscopy techniques,
  • Enzyme Linked Immunosorbent Assay (ELISA),
  • Others
By Application
  • Food Products,
  • feed Products,
  • Others
By End User
  • Food and Feed Testing Industries,
  • Research Institutes

Frequently Asked Questions

The mycotoxin testing market is projected to expand at a CAGR of 7.4% during the forecast period.  

Eurofins Scientific (Luxembourg), Intertek Group Plc (U.K.), Romer Labs Diagnostic GmbH (Austria), Bureau Veritas SA (France), SGS S.A. (Switzerland)

North America is the fastest-growing region for the mycotoxin testing market

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  • Eurofins Scientific (Luxembourg)
  • Intertek Group Plc (U.K.)
  • Romer Labs Diagnostic GmbH (Austria)
  • Bureau Veritas SA (France)
  • SGS S.A. (Switzerland)
  • Silliker Inc (U.S.)
  • Microbac Laboratories Inc (U.S.)
  • ALS Limited (Australia)
  • AsureQuality Ltd (New Zealand)
  • Symbio Laboratories (Australia)