Mycotoxin Testing Market: Growth Opportunities and Recent Developments

The report Mycotoxin Testing Market by Type (Aflatoxins, Ochratoxin, Fumonisins, Zearalenone, deoxynivalenol, Trichothecenes, Patulin), Technology (Chromatography- & Spectroscopy-Based, Immunoassay-Based), Sample (Feed & Food), and Region – Global Forecast to 2023″, The global mycotoxin testing market is estimated to be valued at USD 858 million in 2018 and is projected to reach USD 1,157 million by 2023, at a CAGR of 6.1%. Increase in instances of foodborne illness due to mycotoxin contamination, growth in the need for compliance with international trade mandates, and change in atmospheric conditions are some factors driving the growth in the mycotoxin testing market.

The deoxynivalenol segment, by type, is estimated to witness the fastest growth in the mycotoxin testing market in 2018

By type, the mycotoxin testing market is segmented into aflatoxin, ochratoxins, fumonisins, zearalenone, deoxynivalenol, trichothecenes, patulin, and others. The deoxynivalenol segment is estimated to grow at the highest CAGR due to the growing prevalence of Fusarium graminearum species of fungi, which produces deoxynivalenol (DON toxin). The mild to life-threatening disorders associated with DON, such as metabolic dysfunction, are creating an opportunity for the growth of the mycotoxin testing market.

To know about the assumptions considered for the studydownload PDF brochure

Europe is estimated to dominate the mycotoxin testing market, in terms of value, in 2018

The food and feed testing mycotoxin policies have been strengthened by the contributed efforts from Control Laboratories (CLs), National Reference Laboratories (NRLs), and EU Reference Laboratories (EURLs). The prevalence of Fusarium toxins due to the changing climatic conditions is also fueling the growth of the mycotoxin testing market.

This report includes a study on the marketing and development strategies, along with a study on the service portfolios of the leading companies. It includes the profiles of leading companies such as SGS (Switzerland), Bureau Veritas (France), Eurofins (Luxembourg), Intertek (UK), Mérieux NutriSciences (US), ALS Limited (Australia), Neogen (US), Romer Labs (US), Symbio Laboratories (Australia), OMIC USA (US), AsureQuality (New Zealand), and Microbac (US).

Market Dynamics of mycotoxin Testing Market

Implementation of stringent regulations related to mycotoxin detection driving the market growth

Various government and regulatory bodies across the world have made testing of animal feed and food ingredients mandatory. The regulatory authorities do not approve animal feed for marketing, unless its safety and efficacy are proven. Such measures to prevent potential threats of contamination, chemicals, and toxic presence have been affecting the growth of the mycotoxin testing market greatly. To protect human and animal health, many countries have enacted specific regulations for mycotoxins in food and animal feed. Currently, more than 100 countries have formal mycotoxin regulations for food and feed. The mycotoxin regulations are the most stringent in the EU, where various organizations and pan-European networks contribute to combat the problems related to mycotoxin.

In May 2006, in Kenya, an outbreak of acute aflatoxicosis was reported, where aflatoxin contamination of homegrown corn has been a recurrent problem. CDC teams worked with the Kenyan Ministry of Health for the trial of a rapid, portable aflatoxin screening tool that could be used in the field to identify contaminated corn and guide urgent corn replacement efforts during an outbreak.

The recent outbreaks and product recalls have resulted in new rules and regulations for animal feed products. In the US, FDA’s program called the Animal Feed Safety System (AFSS) has been designed for testing animal feed to protect animal and human health. There is also a growing awareness in developing countries to implement testing procedures as most of the meat products are being imported from European countries. Also, the majority of feed ingredients are produced and exported from the developing countries such as China and India. The EU has been urging its member countries to adopt uniform regulations across the region to ensure quality and safety of animal feed produced.

Lack of food control systems, infrastructure, technology, and resources in developing countries

The mycotoxin testing markets in several developing regions lack organization, sophistication, and technology. The infrastructure of food control laboratories in many developing countries is likely to be scarce due to limited resources, limited technology, and poor management. There are numerous issues related to food safety such as lack of institutional coordination, outdated technology, less expertise for execution of regulation at low levels, and lack of updated standards; all these have been constraining the market for testing. Laboratories are poorly equipped and lack suitable trained analytical staff.

Countries such as India and China are getting government assistance for finance and developing the latest technologies. The concerned regulatory bodies of these developing countries need to apply their resources for the development of infrastructure and technology enhancement. The developing countries also lack support from international agencies such as FAO, WHO, and the World Bank. The foods that are being exported from these countries are expected to comply with Codex Alimentarius standards, which result in the best-quality food material leaving the country.

Corn in Nepal is prone to contamination by trichothecenes, nivalenol, and 4-deoxynivalenol; the farmers in Nepal manage to detoxify contaminated corn by hand-sorting the visibly diseased kernels. To reduce mycotoxin risks in corn in Nepal and other developing countries plant breeding techniques are required to produce ear rot-resistant cultivars, along with education in mycotoxin risks and testing procedures through portable kits in agricultural and grain storage practices to reduce mycotoxin contamination.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Launch of advanced technologies for detecting mycotoxins

Traditional technologies include traditional visual inspection and culturing methods. The traditional culturing technologies consume more amount of time to produce results, as the time required for mycotoxin testing is crucial for the quality of food. Thus, testing laboratories are looking for a shift from conventional mycotoxin testing methods to rapid testing ones, which are efficient to generate results within a few hours. Due to the reliability of test results offered by chromatography- & spectroscopy-based technologies, ELISA technology is projected to disrupt in the coming decade. Rapid testing methods such as chromatography and spectroscopy techniques are used to ensure timely analysis of a larger sample size, and thereby offering market growth opportunities in order to reduce the time for mycotoxin testing

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com

Matched content

Editor’s pick

Express Press Release Distribution