Global Mycotoxin Testing Market worth USD 1.69 Billion by 2024

Global Mycotoxin Testing Market worth USD 1.69 Billion by 2024

Pune, India, April 08, 2019 -- /360iResearch/ -- The report "Global Mycotoxin Testing Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q1 2019 Update)", published by 360iResearch, states that the global market was valued at USD 1.14 billion in 2017 and is projected to reach USD 1.69 billion by 2024, growing at a CAGR of 5.78% from 2017 to 2024.

The major forces driving the growth of the mycotoxin testing market include the stringent food safety regulations related to mycotoxin detection and growing interest and awareness of consumers for organic foods. Moreover, increased trade of cereal, grains, and processed grain products rising instances of the recalls and border rejections and advanced technologies for detecting mycotoxins are also some of the factors that are driving the market growth. However lack of awareness of food safety regulations, and high investment cost and time associated with the testing pattern may hinder the market growth. In the middle of difficulty lies opportunity such as the growing opportunities in the emerging economies owing to the food safety concern, launch of economic multi-toxin analysis systems, and increase in demand for mycotoxin testing for cereal and oats. The possible challenges for the market growth are lack of resources, infrastructure, and food control systems in the developing countries, and inappropriate sample collection & standardization. But key players in the market are overcoming the challenges with continual improvement and innovation.

Based on food & feed tested, the global mycotoxin testing market is studied across Cereals & Cereal By-Products, Cereals, Grains & Pulses, Dairy Products, Forage & Silage, Meat & Poultry, Nuts, Seeds & Spices, Oil Meals & Cakes, and Processed Food. Based on technology, the global mycotoxin testing market is studied across High Performance Liquid Chromatography, Immunoassay Based/Elisa, and LC-MS/GC-MS. Based on type, the global mycotoxin testing market is studied across Aflatoxins, Deoxynivalenol, Fusarium, Ochratoxins, Patulin, Trichothecenes, and Zearalenone. Based on geography, the global mycotoxin testing market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.

The report features a competitive scenario of the mycotoxin testing market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are ALS Limited, Asurequality Ltd., Bureau Veritas S.A., Eurofins Scientific Se, Intertek Group PLC, Microbac Laboratories, Inc., Romer Labs Diagnostic GmbH, SGS S.A., Silliker, Inc., and Symbio Laboratories.

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