Mycotoxin Testing Market

Mycotoxin Testing Market Outlook (2023-2033)

The market for mycotoxin testing is projected to expand at an annual growth rate of 6.3% and show an increase in the market size from US$ 1,898.6 Mn to around US$ 3,509.0 Mn by 2033.

Mycotoxin testing Consumption Analysis (2018-2022) Vs. Market Estimations (2023-2033)

During the historical period, the mycotoxin testing market has witnessed an optimal year on year growth with a larger market share in the food & beverage industry, accounting for almost 70% value market share. Consumption of food products containing mycotoxin can create symptoms of severe illnesses. It may also result in long-term effects on human health, leading to cancer and deficiency in the immune system. Out of the many mycotoxins identified, some have severe effects on human health and have gained tremendous attention over the years.

In recent years, many regulatory bodies and authorities have come up with regulations and policies to reduce the level of mycotoxin found in food and animal feed products, thus boosting demand for mycotoxin testing across the globe. Increasing demand for transparency and food safety from consumers is also contributing to industry growth. Use of mycotoxin testing is rapidly rising in the food & beverage industry, followed by the animal feed industry, with growing demand for safe and healthy food and feeds across the globe.

Developed regions such as North America and Europe are among the largest players in the mycotoxin testing market, holding more than 60% market share. Overall, the mycotoxin testing market is anticipated to expand at a faster rate of more than 6% value CAGR over the next ten years.

What are the Key Trends in the Market for Mycotoxin testing?

“Surge in Demand for Feed Safety to Benefit the Mycotoxin Testing Industry”

Feed security is a prerequisite for animal health and welfare, and indirectly for human health and food safety. Feed is considered a fundamental part of the food chain, and its safety has been acknowledged as a shared value and shared responsibility. Animal feed is considered to be one of the largest and most important modules to ensure the sustainable production of high quality and affordable animal proteins.

Rise in the consumption of animal products is triggered by rapidly growing population along with increased urbanization and income. According to the Food and Agriculture Organization, global consumption of animal products is expected to rise almost 70% by 2050.

Increasing consumption of animal products will require an additional amount of feed to be produced, creating challenges for feed manufacturers. Ensuring feed safety is one of the major challenges faced by key players engaged in offering animal products. The impact of mycotoxin contamination in animal feed can further strengthen the safety barriers faced by key players, leading to increased need for mycotoxin testing services in the feed industry.

“Rise in Global Food Trade Impacting Demand for Mycotoxin Testing”

Global food trade has witnessed significant rise in the recent past, and is expected to grow exponentially over the coming years. Majority of developed as well as developing nations have become more involved in global food trade, either as importers, exporters, or both. Global food trade is also positively impacted by increasing consumer demand for a variety of food products that are tasty, ready to consume, and available throughout the year.

Global trade for processed food products is expected to witness a higher growth rate as compared to the trade in agricultural commodities, further addressing the demand for food safety and security. Consumer concerns about food safety and quality have taken on additional prominence in recent years, owing to increased awareness regarding health issues associated with food contamination, which, in turn, has led to increased demand for food testing services such as mycotoxin testing.

“Stringent Government Regulations for Food Safety Control Supporting Growth in Demand for Mycotoxin Testing”

In today’s changing world, safety and security can be considered as basic human needs. Ensuring food safety has constantly been one of the major concerns for the majority of international organizations, so as to protect consumers from the ill effects caused by food contamination. The risk of food and feed contamination by mycotoxins is one of the most crucial food safety concerns, representing a major food safety issue. International as well as national organizations are turning toward adopting strict regulations to limit the exposure of mycotoxins to protect consumers from various health risks associated with mycotoxin contamination.

Globally, more than 100 countries have established mandatory regulations over the levels of each mycotoxin as a preventive measure that could help reduce toxin intake by eliminating offending products from the market. Constant efforts taken by government organizations to reduce economic losses and human threat caused by mycotoxins are expected to have a positive impact on the demand for mycotoxin testing across regions.

“Key Players Adopting Expansion Strategies to Strengthen Position in Emerging Markets”

Increasing occurrence of mycotoxicosis outbreaks from the emerging nations of Africa and Asia is anticipated to create growth opportunities for mycotoxin testing in these regions. Various research activities in Nigeria have reported that toxin levels in the majority of food and agricultural products were far above the limits mentioned by international regulatory agencies. In addition, tragic upsurge of toxicities, emerging specifically from aflatoxins, has been extensively reported in Nigeria. The key players operating in the mycotoxin testing industry are targeting these regions for business expansion, to create expanded room for further growth opportunities.

For instance, in 2018, AsureQuality and Bureau Veritas entered into a new joint venture to form the most comprehensive food-testing laboratory. This joint venture was initiated to strengthen their business position in the emerging markets of Southeast Asia.

Country-wise insights

Why does Europe Account for the Largest Market?

Europe is currently the market leader in mycotoxin testing, with various policies laid down regarding food products and animal feed. There are a large number of players present in the region as well. France, Italy, Germany, and the U.K. are among the countries having a large value market share across Europe for mycotoxin testing.

In Europe, the most found mycotoxin type is deoxynivalenol, followed by zearalenone and fumonisins. Deoxynivalenol can largely affect the heath of livestock, with approximately 70% of corn samples tested being positive for this mycotoxin. Thus, with the large risk involved for the presence of mycotoxin in animal feed as well as food & beverages, mycotoxin testing has a large share in the Europe market.

What is the Mycotoxin Market Scenario in China?

China holds the largest share in the mycotoxin testing market in the East Asia region, with a value market share of around 50% in 2023. The Chinese government is increasingly focusing on food safety and regularly issues regarding the standard of food and animal feed products. With the Chinese government working toward implementing strict regulation for food safety and quality, mycotoxin testing is expected to grow at a fast rate in the country.

Fumonisins is majorly found in samples among the mycotoxin types that occur in around 90% of corn crops, followed by deoxynivalenol that occurs in around 80% of the samples that are tested. Zearalenone is also found in the samples tested for animal feed, which creates a high risk for animals - found in around 68% of samples.

Category-wise insights

Why are Mycotoxin Testing Services Gaining Popularity in the Pharmaceutical Industry?

The global pharmaceutical industry represents a high-potential growth opportunity for mycotoxin testing players, owing to the need for established pharmaceutical companies to expand their product portfolios. Clinical trial processes are becoming increasingly rigorous to ensure drug efficacy, as regulatory bodies such as the Food and Drug Administration (FDA) are demanding more study data to improve safety standards. Product safety monitoring in the pharmaceutical industry is initiated long before the product is launched in the market.

Demand for local and imported pharmaceutical products is expected to increase, owing to rising prevalence of non-communicable diseases in emerging as well as developed markets. Mycotoxin testing services prove to be considerably important in the pharmaceutical industry to address the rising demand for safe products. The end use of mycotoxin testing in pharmaceuticals is expected to expand at a value CAGR of more than 6% globally.

How Will the Changing Landscape of the Food Processing Industry Benefit Mycotoxin Testing Players?

The food processing industry is one of the most vibrant industries, and has witnessed unprecedented growth in the recent years. Factors such as rapid urbanization, increasing purchasing power parity of consumers, greater penetration of technology, and rising consumption are some of the factors that are fueling the growth of processed food products such as bakery, dairy, and confectionery products, globally.

Majority of these products are manufactured using flours, which contain deoxynivalenol and small amounts of zearalenone and nivalenol. Scientific studies have proven that, these mycotoxins remain mostly unaffected during manufacturing and survive processing. This can prove to be a major challenge faced by bakery and snack food manufacturers, and can be considered as an important growth driver for the mycotoxin testing market.

Competitive Dashboard

Key players offering mycotoxin testing services are anticipated to witness lucrative demand, majorly from the Asia Pacific region, owing to increasing awareness and presence of developing nations in the region. Stringent government regulations for food safety control are also supporting market growth for mycotoxin testing. Companies such as Romer Labs Division Holding GmbH, SGS SA, and others are trying to establish a global presence by expanding their network of laboratories and customer base in developed countries and other regions.

• In December 2020, SGS SA completed the acquisition of SYNLAB Analytics & Services that is headquartered in Munich, Germany. This expansion strengthened the company’s global presence in key strategic focus areas, including environment, food, life sciences, and oil condition monitoring.
• In December 2019, ALS Limited completed the acquisition of Aquimisa Group, which is a Portuguese company engaged in offering testing services. Aquimisa group specialized in offering food-testing services in Southern Europe.
• Mérieux NutriSciences is utilizing a wide range of advanced analytical tools and methods for quantitative analysis of mycotoxin for a wide range of products.
• Trilogy Analytical Laboratories has set up laboratories, customer service, and sales teams in different regions across the globe including Argentina, India and Netherlands. The company’s global presence helps to serve its customers more efficiently.

Mycotoxin testing Industry Report Scope

Mycotoxin testing Industry Research by Category

By Type:

• Aflatoxin
• Ochratoxins
• Deoxynivalenol
• Fumonisins
• Zearalenone
• Trichothecene
• Patulin
• Others

By End Use:

• Food and Beverages
  • Cereals, Grains and Pulses
  • Dairy Products
  • Nuts and Seeds
  • Meat and Poultry
  • Baby Food
  • Beverages
  • Bakery and Confectionery
  • Snacks and Others
• Animal Feed
• Pharmaceuticals

By Region:

• North America
• Latin America
• Europe
• South Asia & Pacific
• East Asia
• Middle East & Africa

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