Global Mycotoxin Testing Market Insights Forecasts to 2033

• The Global Mycotoxin Testing Market Size was Valued at USD 1.22 Billion in 2023
• The Market Size is Growing at a CAGR of 7.57% from 2023 to 2033
• The Worldwide Mycotoxin Testing Market Size is Expected to Reach USD 2.53 Billion by 2033
• Europe is Expected to Grow the fastest during the forecast period.

The Global Mycotoxin Testing Market Size is Anticipated to Exceed USD 2.53 Billion by 2033, Growing at a CAGR of 7.57% from 2023 to 2033.

Market Overview

Mycotoxin testing uses a urine or environmental test to find any dangerous mycotoxin chemicals produced by fungi or bacteria in the body or environment. Mycotoxin testing confirms that the products pass international regulatory standards and are not carcinogenic. Mycotoxins are poisonous substances that fungi create and which can lead to a variety of deadly diseases. Because mycotoxin contamination is common in many agricultural commodities, including grains, cereals, nuts, spices, and dried fruits, it is important to conduct routine testing to identify and reduce hazards along the supply chain. The growth of portable and quick testing equipment will drive the mycotoxin testing market. The potential for market growth is increased as the food supply between emerging markets increases. Toxic presence, chemicals, and contamination are all prevented with such measures, which has greatly improved the mycotoxin testing market. The demand for mycotoxin testing of food is driven by the rise in food-borne diseases as well as unclean and improper manufacturing processing facilities in some countries. Humidity-related factors drive the global mycotoxin testing market. The demand for mycotoxin testing is being driven by rising consumer concerns about food safety and health worldwide.   

Report Coverage

This research report categorizes the market for the global mycotoxin testing market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global mycotoxin testing market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global mycotoxin testing market.

Driving Factors

The market for mycotoxin testing has been heavily affected by the expansion and complexity of food supply chains caused by the growth of the international food industry. The risk of mycotoxin contamination increases when food products travel across international boundaries because they come into contact with different temperatures, storage environments, and agricultural techniques. Strict regulations on mycotoxin levels enforced by regulatory bodies worldwide protect the quality and safety of food products traded internationally, requiring extensive testing along the entire supply chain. The need for mycotoxin testing services is driven by the rules food manufacturers and exporters need to stick by to achieve foreign markets.

Restraining Factors

A primary barrier to the widespread use of mycotoxin testing in the food business is its high cost. This cost includes the upfront expenditures for specialized equipment, continuing maintenance, the cost of labor for staff with the necessary training, and additional costs related to sample collection and processing.

Market Segmentation

The global mycotoxin testing market share is classified into pathogen type, technology, and application.

• The aflatoxin segment dominates the market with the largest market share through the forecast period.

Based on the pathogen type, the global mycotoxin testing market is categorized into aflatoxin, patulin, zearalenone, fumonisins, ochratoxins, deoxynivalenol, and others. Among these, the aflatoxin segment dominates the market with the largest market share through the forecast period. It is among the most extensively researched and investigated mycotoxins. This toxin is mostly present in food products such as groundnuts, tree nuts, maize, rice, figs, other dried foods, spices, and various other crops, along with other mycotoxins. In addition to being one of the strongest poisons in food, it has a reputation for being carcinogenic.

• The chromatography and spectroscopy-based segment is anticipated to grow at the fastest CAGR growth through the forecast period.

Based on the technology, the global mycotoxin testing market is categorized into chromatography and spectroscopy-based, immunoassay-based, and others. Among these, the chromatography and spectroscopy-based segment is anticipated to grow at the fastest CAGR growth through the forecast period. Chromatography and spectroscopy-based technologies include tandem spectroscopy and mass spectroscopy. Excellent resolution is made possible by chromatography and spectroscopy-based methods, which make it possible to separate and identify complex combinations of mycotoxins and matrix elements found in food and feed samples. This has increased the use of chromatography and spectroscopy-based technologies in mycotoxin testing. 

• The food segment accounted for the largest revenue share through the forecast period.

Based on the application, the global mycotoxin testing market is categorized into food and feed. Among these, the food segment accounted for the largest revenue share through the forecast period. The main market is made up of cereals, grains, and pulses, which are used in various food products. Major producers and consumers of cereals such as wheat, rice, corn, barley, and others are China, India, and Japan. Because mycotoxin in grains and cereals is becoming more common, field fungus are becoming more common, and food will be preserved longer.

Regional Segment Analysis of the Global Mycotoxin Testing Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the global mycotoxin testing market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the global mycotoxin testing market over the predicted timeframe. The world's top producers of commodities and crops, Asia Pacific includes China and India as well as other emerging economies as the primary producers of rice, wheat, barley, and corn. The region's vast agricultural lands, which are spread across multiple temperate zones, have varying climatic conditions, which leads to a varied distribution of toxigenic fungi. As a result, government organizations are investing in research on the relationship between fungal communities and the presence of mycotoxins to detect and prevent mycotoxin contamination in food grains.

Europe is expected to grow at the fastest CAGR growth of the global mycotoxin testing market during the forecast period. To guarantee that regulatory standards are effectively enforced throughout this region, the countries of Europe consolidated their mycotoxin regulations. This made trading both within and between Europe countries easier. To identify dangerous toxins in food at an extremely early stage of the supply chain, there is a major need in the region to invest in food safety testing equipment.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global mycotoxin testing market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• ALS Limited
• Bureau Veritas
• AES Laboratories
• Charm Sciences, Inc.
• EMSL Analytical, Inc.
• IEH Laboratories and Consulting Group
• Intertek Group PLC Solutions
• Krishgen BioSystems
• PerkinElmer, Inc.
• Premier Analytical Services
• SGS S.A.
• Envirologix Inc.
• Creative Diagnostic
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In June 2023, the acquisition of SL Stanlab, a German laboratory that offers full bacteriology and food hygiene services, was announced by IEH Laboratories and Consulting Group. Through the acquisition, IEH would be able to better serve its present and potential clients by expanding its network of laboratories throughout Europe and improving its testing capabilities.

• In March 2022, In Winnipeg, Manitoba, Bureau Veritas opened its fifth microbiology laboratory. Rapid Pathogen tests (E. Coliformes O157:H7, Salmonella & Listeria) and Indicators (Generic E. Coliforms, Total Plate Count, Yeast & Mold) are available at the new laboratory. The company's capabilities throughout North America were improved by its food testing and certification business's entry into Canada.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global mycotoxin testing market based on the below-mentioned segments: 

Global Mycotoxin Testing Market, By Pathogen Type

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

Global Mycotoxin Testing Market, By Technology

• Chromatography and Spectroscopy-based
• Immunoassay-based
• Others

Global Mycotoxin Testing Market, By Application

• Food
• Feed

Global Mycotoxin Testing Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa