Overview and Scope
Mycotoxin feed testing refers to the process of analyzing food or feed samples for the presence and quantity of mycotoxins, which are naturally occurring toxic substances produced by fungi that can contaminate animal feed and cause health problems in livestock. The purpose of mycotoxin feed testing is to ensure the safety and quality of the feed, and ultimately, the health of the animals that consume it.
Sizing and Forecast
The mycotoxin feed testing market size has grown strongly in recent years. It will grow from $1.37 billion in 2023 to $1.47 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to crop and environmental changes, economic factors, consumer confidence, global food safety awareness, industry collaboration..
The mycotoxin feed testing market size is expected to see strong growth in the next few years. It will grow to $1.96 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to climate change impact, consumer demands, emerging markets, global food safety concerns.. Major trends in the forecast period include stringent regulations, consumer awareness, precision agriculture, advance testing process, advancement in feed solution.
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Segmentation & Regional Insights
The mycotoxin feed testing market covered in this report is segmented –
1) By Type: Aflatoxins, Alternaria, Cyclopiazonic Acid, Citrinin, Fusarium Toxins, Ergot Alkaloids, Patulin, Ochratoxins, Sterigmatocystin, Other Types
2) By Sample: Cereals, Seeds And Seed Products, Forage And Silage, Other Samples
3) By Technology: Chromatography Based, Immunoassay-Based, Lateral Flow Assay Based, Spectroscopy Based, Other Technologies
4) By End-User: Food And Beverages, Animal Feed, Pharmaceuticals
North America was the largest region in the mycotoxin feed testing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global mycotoxin feed testing market duirng the forecast period. The regions covered in the mycotoxin feed testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increase in incidences of food born illness is expected to propel the growth of mycotoxin feed testing going forward. Food-born illness refers to disease or sickness that is caused by the consumption of foods or beverages that are contaminated with pathogens or microorganisms. Food-born illnesses are increasing due to the increasing use of commercial food services, new methods of producing and distributing food, new or re-emerging infectious foodborne agents, changes in diet, and others. Mycotoxin feed testing will reduce the chances of ingesting contaminated food and hence, reduce food-borne illnesses. For instance, in May 2022, according to the report published by the World Health Organization (WHO), a Switzerland-based government agency responsible for international public health, 600 million individuals or around one in ten people around the globe become are suffering from food-born illness and 0.42 million people die every year. Therefore, the increase in incidences of food born illness is driving the growth of the mycotoxins feed testing market.
Key Industry Players
Major companies operating in the mycotoxin feed testing market report are ALS Limited, AsureQuality Limited, Bureau Veritas SA, Eurofins Scientific SE, Intertek Group PLC, Mérieux NutriSciences Corporation, SGS SA, Symbio Laboratories, Bio-Check Ltd., Charm Sciences Inc., EMSL Analytical Inc., IEH Laboratories and Consulting Group LLC, Neogen Corporation, Premier Analytical Services Inc., Romer Labs Division Holding GmbH, Tuv Sud Gesellschafterausschuss Gbr, Biomin Holding GmbH, CDX Laboratories Inc., Wettlab GmbH & Co. KG, Laboratoire du Nord, The Zwick Roell Group, Astell Scientific Ltd., BioAnalytix GmbH, C&K Testing Services Co. Ltd., Ceva Santé Animale, Chem Service Inc., ChromaDex Corporation, Control Union Certifications BV, CTI FoodTech Group, Dako A/S
The mycotoxin feed testing market report table of contents includes:
1. Executive Summary
2. Mycotoxin Feed Testing Market Characteristics
3. Mycotoxin Feed Testing Market Trends And Strategies
4. Mycotoxin Feed Testing Market – Macro Economic Scenario
5. Global Mycotoxin Feed Testing Market Size and Growth
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31. Global Mycotoxin Feed Testing Market Competitive Benchmarking
32. Global Mycotoxin Feed Testing Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Mycotoxin Feed Testing Market
34. Mycotoxin Feed Testing Market Future Outlook and Potential Analysis
35. Appendix
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