Mycotoxin Testing Market to Grow at 7.56% CAGR through 2030
Increase in the Prevalence of Foodborne Disease and Accelerating Need for Food Safety are expected to drive the Global Mycotoxin Testing Market growth in the forecast period, 2026-2030
According
to TechSci Research report, “Mycotoxin Testing Market – Global Industry
Size, Share, Trends, Competition, Forecast & Opportunities, 2020-2030F”,
the Global Mycotoxin Testing Market stood at USD 1344.47 Million in
2024 and is anticipated to project steady growth in the forecast period with a
CAGR of 7.56% through 2030.
The Global Mycotoxin Testing Market is
primarily driven by increasing concerns regarding food safety and regulations
mandating mycotoxin testing in food and feed products. Globalization of the
food supply chain necessitates stringent quality control measures, further
propelling market growth.
The increasing global food safety regulations are a key driver for the growth of the mycotoxin testing market. Governments and regulatory bodies have mandated testing for animal feed and food ingredients to ensure that only safe, contaminant-free products are marketed. This focus on preventing contamination and ensuring product safety significantly impacts the market's expansion. Over 100 countries now enforce specific mycotoxin regulations, with the European Union setting the highest standards.
The market is also fueled by factors such as rising consumer health concerns, increased international trade, and higher rates of consumer complaints. Among the mycotoxins, Fusarium toxins, commonly found in cereals and their by-products, are in particularly high demand. Climate-induced changes in commodity trade and grain contamination further drive this demand. Consumer awareness of mycotoxin contamination is escalating, which, alongside advancements in rapid testing technologies, contributes to market growth.
However, challenges persist, particularly in developing economies where inadequate infrastructure, food control systems, and testing equipment impede market growth. The scarcity of food control laboratories, coupled with limited resources and technological capabilities, poses significant barriers. Additionally, sample standardization issues and outdated regulatory practices in these regions exacerbate the constraints on mycotoxin testing efforts.
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The Global Mycotoxin Testing Market is segmented type,
technology, sample, end user, regional distribution, and company
Based
on sample, the market is segmented into food, feed. The food sector typically
dominates over feed due to several key reasons. Food directly impacts human
health and nutrition, making it a top priority for consumers, regulators, and
industry stakeholders alike. Ensuring the safety, quality, and integrity of
food products is paramount to protect public health and maintain consumer confidence.
Consequently, the food industry is subject to stringent regulations, rigorous
quality control measures, and extensive scrutiny throughout the supply chain.
The economic significance of the food sector cannot be overstated. It
encompasses a wide range of industries, including agriculture, food processing,
distribution, retail, and hospitality, contributing substantially to the global
economy. Any disruptions or incidents affecting food safety can have profound
economic repercussions, including financial losses, market instability, and
damage to brand reputation. Food
safety incidents often receive significant media attention and public outcry,
amplifying their impact on consumer trust and market demand. As a result, food
companies prioritize investments in risk management, quality assurance, and
regulatory compliance to safeguard their reputation and maintain market
competitiveness. While feed safety is crucial for animal health and welfare, it
generally receives less attention and regulatory scrutiny compared to food.
However, efforts to enhance feed safety are gaining momentum, driven by growing
awareness of the interconnectedness of the food and feed supply chains and the
potential risks posed by feed-related contaminants or pathogens.
Based on end user, the market is segmented
into Research Lab, Research Institutes, Food Testing Industries, Feed Testing Industries, Others. Food Testing Industries dominated the Mycotoxin
Testing Market. This is because food safety and quality are paramount concerns
for consumers, regulatory agencies, and industry stakeholders. Ensuring that
food products meet stringent standards and regulations is crucial to protect
public health and maintain consumer trust. Therefore, there is a high demand
for food testing services to verify compliance with safety and quality
standards. The global food industry is vast and diverse, encompassing
agriculture, food processing, distribution, retail, and hospitality sectors.
Each segment requires comprehensive testing services to assess the safety,
quality, and integrity of food products throughout the supply chain. Food
testing industries play a pivotal role in providing these services, catering to
the diverse needs of food producers, manufacturers, retailers, and regulatory
bodies. The incidents of foodborne illnesses, contamination outbreaks, or
product recalls often attract significant media attention and public scrutiny.
As a result, food testing industries face heightened demand for their services
during such crises to identify the root causes, prevent future occurrences, and
restore consumer confidence in affected products or brands.
Based
on region, the North America emerges as the second dominating region in
the Global Mycotoxin Testing Market. North America's significant presence in
this market is underpinned by several factors that contribute to its prominence
and influence. North America boasts a robust regulatory framework governing
food safety standards and mycotoxin contamination levels. Regulatory bodies
such as the Food and Drug Administration (FDA) in the United States and the
Canadian Food Inspection Agency (CFIA) in Canada have established stringent
guidelines and permissible limits for mycotoxin levels in food and feed
products, thereby necessitating rigorous testing and monitoring measures to
ensure compliance with regulatory requirements.
Major companies operating in Global Mycotoxin
Testing Market are:
- SGS Société Générale de Surveillance SA.
- Bureau Veritas
- Eurofins Scientific
- Intertek Group plc
- Mérieux NutriSciences Corporation
- ALS Limited
- Neogen Corporation
- AsureQuality Ltd.
- Charm Sciences, Inc.
- Premier Analytical Services
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“The
mycotoxin testing market is witnessing significant growth, driven by its
crucial role in ensuring product safety and regulatory compliance. Recognized
as vital for animal health and food safety, feed security is imperative for
sustainable production of high-quality animal proteins. With global animal
product consumption projected to rise by 70% by 2050, feed manufacturers face
challenges in meeting demand while ensuring safety. Mycotoxin contamination
poses a significant risk, heightening demand for testing services. Addressing
this challenge is essential for the animal product industry to maintain
consumer trust and meet growing demands while upholding safety standards” said
Mr. Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
“Mycotoxin Testing Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Aflatoxin, Deoxynivalenol, Ochratoxins, Fumonisins, Others), By Technology (HPLC-based, LC-MS/MS-based, Immunoassay-based, Others), By Sample (Food, Feed), By End User (Research Lab, Research Institutes, Food Testing Industries, Feed Testing Industries, Others), By Region and Competition, 2020-2030F”,
has evaluated the future growth potential of Global Mycotoxin Testing Market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Mycotoxin Testing Market.
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