MEA 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

MEA Mycotoxin and Food Testing Market size  was valued at USD 79.8 million in 2023, poised to grow at a CAGR of 12.2% from 2024 to 2030. Greater consumption of ready-to-eat meals, implementation of numerous food safety rules, and busy lifestyles and hectic schedules contribute to increased consumption of ready-to-eat meals. Foodborne disease, which can lead to death, is caused by eating contaminated food, which may contain poisonous chemicals and radioactive materials. Many leading food safety organizations, such as the Department of Agriculture, the Department of Health, and the Department of Trade and Industry, have implemented strict laws to prevent consumer illness and food fraud drives the market in the region. Food had a market revenue share of 61.7% in 2021, and from 2022 to 2028, it is predicted to increase at a CAGR of 10.7%. Food can be easily contaminated with pathogenic bacteria through exposure to inadequate processing controls, cross-contamination, animal manure, and improper storage or cooking. In 2021, the immunoassay based methods segment had a market share of 57.3% and is expected to increase at a CAGR of 11.4% in the future years. As ongoing developments have discovered that traditional methods are not suitable for all food products, immunoassay-based methods are more widely accepted than traditional methods. However, the complexity of testing techniques and lack of harmonization of regulations hampers the mycotoxin and food testing market

Key development:

In November 2019, BUREAU VERITAS was included in the €œFinancial Times€ by diversity leaders among 700 companies. The FT Diversity Leaders promoted the company. The award recognition has enhanced the brand value of the company