Lucintel Forecasts Mycotoxin Testing Market to Grow at a CAGR of 6%-8% from 2020 to 2025

According to the recent study the mycotoxin testing market is projected to reach an estimated grow at a CAGR of 6%-8% from 2020 to 2025. Growth in this market is primarily driven by awareness among consumers of better-quality food and livestock-based products with improved sanitary measures.

Browse XX figures / charts and XX tables in this 150-page report to understand trends, opportunities and forecast in mycotoxin testing market by type (aflatoxins, ochratoxin, fumonisins, zearalenone, deoxynivalenol, trichothecenes, and patulin), technology (chromatography & spectroscopy and immunoassay), sample (feed and food), and region (North America, Europe, Asia Pacific, and Rest of the World).

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“Aflatoxins market is expected to remain the largest segment during the forecast period.”

Based on type, the mycotoxin testing market is segmented into aflatoxins, ochratoxin, fumonisins, zearalenone, deoxynivalenol, trichothecenes, and patulin. Lucintel forecasts that the aflatoxins market is expected to remain the largest segment due to the growing awareness among consumers of better-quality food and proper labelling.

“Within the mycotoxin testing market, the chromatography & spectroscopy segment is expected to remain the largest technology.”

Based on technology the chromatography & spectroscopy segment is expected to witness the highest growth over the forecast period due to the preference of manufacturers to use techniques that give quick results as compared to the traditional methods, which has become more relevant during the spread of the virus in recent times.

“Asia pacific will dominate the mycotoxin testing market in near future.”

Asia Pacific will remain the largest region, and it is also expected to witness the highest growth over the forecast period because the growth in the mycotoxin testing market is attributed to the Chinese government striving to attain global compliance in food safety regulations & standards to enhance the growth of its export industry.

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Major players of mycotoxin testing market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. SGS, Bureau Veritas, Eurofins, Intertek, Mérieux NutriSciences, ALS, Neogen, AsureQuality, Charm Sciences, and Premier Analytical Services are among the major mycotoxin testing providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/mycotoxin-testing-market.aspxor helpdesk@lucintel.com

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Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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