Factors such as increasing consumer awareness, advancements in technologies and growth opportunities in emerging markets for testing are fueling the market.
According to Publisher, the Global Mycotoxin Testing market is estimated at $1.00 billion in 2016 and is expected to reach $1.75 billion by 2023 growing at a CAGR of 8.3% from 2016 to 2023.
Moreover, growing international trade mandates and food recalls are some other factors responsible for market growth. However, lack of food control systems and inappropriate sample collection & standardization are some key factors hindering the market growth.
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Amongst Type, fusarium toxins segment is anticipated to register significant market growth as fusarium genus includes various species which produces a number of toxins. By Application, chromatography segment dominated the global market.
In addition, the high performance liquid chromatography (HPLC) based technology is one of the most commonly used and fast liquid chromatography in mycotoxin testing. Europe held the highest market share which can be attributed to diverse testing policies present in this region.
Furthermore, U.K. is likely to be the fastest growing country in this region.
Some of the key players in the market include SGS S.A., Vanguard Sciences (Formerly Aegis Food Testing Laboratories), Spectro Analytical Lab Ltd., Silliker, Inc., Microbac Laboratories, Inc., Intertek Group PLC, International Laboratory Services, Eurofins Scientific, Ecolab Inc., DTS Laboratories, Covance Inc., Bureau Veritas S.A., Asurequality Limited, ALS Limited and Symbio Laboratories.
- Cyclopiazonic Acid
- Ergot Alkaloids
-Immunoassay Based/Elisa (Enzyme Linked Immunosorbent Assay)
- High Performance Liquid Chromatography (HPLC)
Foods Tested Covered:
-Nuts, Seeds & Spices
-Cereals, Grains & Pulses
-Meat & Poultry
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Feeds Tested Covered:
-Oil Meals & Cakes
-Forage & Silage
-Cereals & Cereal By-Products
-Other Feed Ingredients & Concentrates
- Rest of Europe
- New Zealand
- Rest of Asia Pacific
-Rest of the World
- Middle East
- South Africa
12.1 SGS S.A.
12.2 Vanguard Sciences (Formerly Aegis Food Testing Laboratories)
12.3 Spectro Analytical Lab Ltd.
12.4 Silliker, Inc.
12.5 Microbac Laboratories, Inc.
12.6 Intertek Group PLC
12.7 International Laboratory Services
12.8 Eurofins Scientific
12.9 Ecolab Inc.
12.10 DTS Laboratories
12.11 Covance Inc.
12.12 Bureau Veritas S.A.
12.13 Asurequality Limited
12.14 ALS Limited
12.15 Symbio Laboratories
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