Latin America Mycotoxin and Food Testing Market: By Type (Aflatoxin, Deoxynivalenol, Ochratoxins, Fumonisins, Trichothecene, Zearalenone, Patulin, and Others) By Sample, (Food (Cereals, grains, and pulses, Milk and milk products, Meat, poultry, and seafood, Nuts, seeds, and spices, Fruits and vegetables, and Others), Feed (Cereals and cereal by-products, Seeds and seed products, Forage and silage and Others), By Technology, (Chromatography- & spectroscopy-based and Immunoassay-based) and Country  

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Latin America Mycotoxin and Food Testing Market size was valued at USD 131.4 million in 2021, growing at a high CAGR of 11.1% from 2022 to 2028 to reach USD 274.6 million by 2028. Increasing concerns for food safety and increasing awareness among people regarding the mycotoxin effects, food processing may not remove the contamination and hence the necessity of mycotoxin testing for detection of toxins, Advanced technologies to quickly and efficiently test the existence of mycotoxins, rapid increase in foodborne disease, implementation of stringent regulations for food safety, availability of advanced technology drive the mycotoxin and food testing market in the Latin America region. In 2021, Mycotoxin had a market revenue share of 31.7%, and from 2022 to 2022, it is predicted to increase at a CAGR of 10.6%. Mycotoxins are hazardous and toxic effects, on human cells can cause immune depression leads to increasing demand for mycotoxin testing. In 2021, Meat and poultry testing segment has a market share of 61.2% by and is expected to increase at a CAGR of 10.4% in the future years. However, lack of proper equipment in developing countries and complexity of regulatory standards hampers the Mycotoxin and Food Testing market.

Key developments:

In 2019 October, ALS Limited company acquired ARJ Laboratories (Mexico) to Expand its presence in key markets such as Argentina, Brazil, Colombia, and Mexico.

Latin America Mycotoxin And Food Testing Market Summary

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Latin America Mycotoxin and Food Testing Market Growth

Mycotoxin and Food Testing market is surging owing to frequent acquisitions and launchings by the market players. Strategic alliances by the players such as acquisitions, mergers, expansions and new product launches may enhance the company’s growth. For instance, In February 2022, SGS opened a new food analysis laboratory in Mexico, the laboratory's experienced personnel, working in first-class facilities, will provide organizations with a wide array of key food, beverage, and environmental analysis services.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s 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 start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Latin America Mycotoxin And Food Testing Market Segmentation

  • Aflatoxin
  • Deoxynivalenol
  • Ochratoxins
  • Fumonisins
  • Trichothecene
  • Zearalenone
  • Patulin
  • Others
  • Food
  • Feed
  • Chromatography & spectroscopy-based
  • Immunoassay based
By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

The latin america mycotoxin and food testing market is projected to expand at a CAGR of 11.1% during the forecast period

SGS SA, Eurofins Scientific SE, Intertek Group plc., ALS Limited, AssureQuality Ltd, Genetic ID NA Inc, Microbac Laboratories Inc., Laboratory Cooperation of America Holdings, TUV Nord group, TUV SUD  

  • SGS SA
  • Eurofins Scientific SE
  • Intertek Group plc.
  • ALS Limited
  • AssureQuality Ltd
  • Genetic ID NA Inc
  • Microbac Laboratories Inc.
  • Laboratory Cooperation of America Holdings
  • TUV Nord group