What is Mycotoxin Testing Market?
Mycotoxin testing is a simple and non-invasive procedure. It detects presence of harmful mycotoxin metabolites with a Urine or Environmental test. The testing can also be done on nasal secretions, sputum or tissue biopsy collected by a physician. It is caused by mold or fungi in the body or home. Mycotoxins are produced by some Aspergillus species and some Penicillium species, especially P. verrucosum and P. carbonarius. Moreover, the symptoms of mycotoxins include chronic fatigue, ADHD, rashes, COPD, and depression.
The market study is being classified, by Application (Feed and Food) and major geographies with country level break-up.
SGS (Switzerland), Bureau Veritas (France), Eurofins (Luxembourg), Intertek (United Kingdom), Mérieux NutriSciences (United States), ALS Limited (Australia), Neogen (United States), AsureQuality (New Zealand), Charm Sciences (United States) and Premier Analytical Services (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Dairyland Laboratories (United States), Bio-Check (United Kingdom), AES Laboratories (India), IEH Laboratories and Consulting Group (United States), Envirologix Inc. (United States), EMSL Analytical, Inc. (United States) and Krishgen Biosystems (United States).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Mycotoxin Testing market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Mycotoxin Testing market by Type, Application and Region.
On the basis of geography, the market of Mycotoxin Testing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Need for Food Safety
- Favourable Government Regulations Regarding Mycotoxins Testing
Market Trend
- Increasing Provenances of Mycotoxin in Cereals, Grain and Pulses
Restraints
- Lack of Infrastructural Facilities
Opportunities
- Rising Awareness Regarding the Mycotoxins in Products
- Increasing Incidences of Food Borne Illness
Challenges
- Inappropriate Sample Collection and Standardization
On August 2020, EnviroLogix Inc. has launched TotalTox testing kits which are the fastest and easiest to use on-site testing solution for mycotoxins in grain and grain co-products. TotalTox tests were developed to help buyers of grain and improve their mycotoxin risk management capabilities.
Key Target Audience
Testing kits Manufacturers, Raw material suppliers, Mycotoxin testing service providers, Government associations, Research organizations and Others