The global mycotoxin testing market size was valued at USD 1,252.8 million in 2021, It is growing at a CAGR of 7.4% during the forecast period 2022-2028. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on The research report “by Mycotoxin Type (Ochratoxins, Fusarium Toxins, Aflatoxins, Patulin, Others), By Technology (Chromatography Techniques, Mass Spectroscopy techniques, Enzyme Linked Immunosorbent Assay (ELISA), others), By Application (Food Products, feed Products, Others), By End User (Food and Feed Testing Industries, Research Institutes) - Global/Region/Country Forecast to 2028.
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Growing R&D for innovating new tests to identify the Mycotoxins is bolstering the Global Mycotoxin Testing Market:
Mycotoxin testing is a simple and usually a noninvasive strategy. Only a pee test is needed. Testing must similarly be possible on nasal emissions and sputum collected by a doctor. The growth in the generation of the Mycotoxins in the nourishment and feed items is due to the moist environmental conditions. Developing wellbeing worry amid the purchasers, purchaser protests and improved global exchange and buyer protests are the important factors add to the market development. The market is fuelled by damp air conditions which is prompting Mycotoxins creations in sustenance items. For example, dried natural products, drain and dairy items, oats, bread and treats, herbs and spices refreshments for example meat and poultry items and lager and wine. Furthermore, growing R&D to innovate novel tests to identify the Mycotoxins, product recalls because of the presence of toxic substances and unfavorable environmental conditions result in Mycotoxin growth in feed and food products are the factors fuelling the global Mycotoxin testing market over the future period. Increase in the international trading coupled with growing demand for quality food and feed products impels the global Mycotoxin testing market over the future period. On the other hand, lack of consciousness regarding the food and feed rules amid the producers and high cost of testing are hampering the global Mycotoxin testing market.
North America accounted for larger share in the Global Mycotoxin Testing Market:
North America Mycotoxin testing market is poised to grow because of the growing demand for quality food products, strict regulations for the feed safety by USFDA and increasing R&D to innovate the newer tests. Europe Mycotoxin testing market is majorly impelled by the increase in international trading for food and feed products, strict regulations for food safety by EU and EFSA Reference Laboratories, increase in the consumption of packaged food and rising number of food and feed testing industries in countries of Europe. Asia Pacific Mycotoxin testing market witnesses significant share due to the growing adoption of novel tests and technologies, increasing agricultural production, growing consciousness about the food and feed toxins and increase in international trading from India and China.
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Competitive Analysis -Global Mycotoxin Testing Market:
Major players working in the global Mycotoxin testing market are Eurofins Scientific (Luxembourg)Intertek Group , Plc (U.K.), Romer Labs Diagnostic GmbH (Austria), Bureau Veritas SA (France) and SGS S.A. (Switzerland).
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