Mycotoxin Testing Market Size Growing Impressive Business Opportunities, Industry Trends, Global Demand, Future Scope with Top Players

 Global Mycotoxin Testing Market is expected to rise from its initial estimated value of USD 873 million in 2018 to an estimated value of USD 1400.91 million by 2026, registering a CAGR of 6.09% in the forecast period of 2019-2026. This rise in market value can be attributed to growing volumes and prevalence of international trades requiring

Global Mycotoxin Testing Market, By Type (Aflatoxins, Ochratoxins, Fusarium Toxins, Deoxynivalenol, Patulin, Cyclopiazonic Acid, Ergot Alkaloids, Citrinin, Sterigmatocystin, Alternaria, T-2 Toxin and Others), Product Type (Devices, Reagents & Kits and Services), Technology (Chromatography Based, Immunoassay-Based, Lateral Flow Assay Based, Spectroscopy Based and Others), Sample (Food & Beverages, Feed, Pharmaceuticals and Others), End User (Research Lab, Research Institutes, Food Testing Industries, Feed Testing Industries and Others), Country (U.S., Canada, Mexico, Germany, Italy, France, Spain, U.K., Turkey, Russia, Switzerland, Belgium, Netherlands, Rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Kuwait and Rest of Middle East and Africa) Industry Trends and Forecast to 2027

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Wide range of applications in cosmetic industry and growing demand of bioethanol as a fuel is the major driver which is propelling the market in the forecast period. Mycotoxins are secondary metabolites generated by a variety of filamentous fungi that grow on different foods and feeds. Such compounds have a wide range of toxicological effects, which presents a health risk for both humans and animals.

Analysis of mycotoxins is an important method for managing fungal contamination of food and feed. The consequences of certain food-borne mycotoxin are severe, with signs of a serious illness occurring rapidly after the ingestion of mycotoxin-contaminated food items. Many food-borne mycotoxins have been related to long-term health effects, including cancer induction and immune deficiency.

 Competitive Analysis: Global Mycotoxin Testing Market

Global Mycotoxin Testing Market By Type (Aflatoxins, Ochratoxins, Fumonisins, Deoxynivalenol, Trichothecenes, Zearalenone, Patulin, Others), Sample (Food, Feed), Technology (Chromatography & Spectroscopy Based, Immunoassay-Based), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

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Mycotoxin testing market is segmented on the basis of type, product type, technology, sample and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• On the basis of type, the mycotoxin testing market is segmented into aflatoxins, ochratoxins, fusarium toxins, deoxynivalenol, patulin, cyclopiazonic acid, ergot alkaloids, citrinin, sterigmatocystin, alternaria, t-2 toxin and others. In 2020, alfatoxins hold the largest market share owing to factors such as high prevalence in the agricultural products, which are used for human consumption such as corn, peanuts, groundnuts, cotton seeds, and tree nuts.
• On the basis of product type, the mycotoxin testing market is segmented into devices, reagents & kits and services. In 2020, reagents & kits dominates the market owing to factors such as it requires less time for detection and provides accurate information of the testing.
• On the basis of technology, the mycotoxin testing market is segmented into chromatography based, immunoassay-based, lateral flow assay based, spectroscopy based and others. In 2020, chromatography based segment holds the largest market share owing to factors such as introduction of faster liquid chromatography (LC) technologies for high-performance liquid chromatography (HPLC), fast LC systems offer various advantages, such as superior resolution, high sensitivity, and enhanced throughput to research laboratories which is more effective tool for immunoassay-based methods.
• On the basis of sample, the mycotoxin testing market is segmented into food & beverages, feed, pharmaceuticals and others. In 2020, the food & beverages segment dominates the market owing to factors that there is a mycotoxin present in large amount for the food & beverages industry.
• On the basis of end user, the mycotoxin testing market is segmented into research lab, research institutes, food testing industries, feed testing industries and others. In 2020, food testing industries is going to dominate the segment owing to factors such as wide usage of testing done in food industries in order to provide the industry with safe and hygiene food for the industries.