Mycotoxin Testing Market to Register Strong Growth at CAGR of 6.3% by 2023 | Global Key Players - SGS SA, Bureau Veritas SA, Intertek Group, ALS, Eurofins Scientific, ILS, Covance, Silliker, Asurequality

Marketprognosis.com Publish a New Market Research Report On “Global Mycotoxin Testing Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Mycotoxin Testing Market:

The Global Mycotoxin Testing Market is expected to register a CAGR of 6.3%, during 2018-2023. The mycotoxin testing ensures that the products are carcinogenic-free and complies with the International regulation standards. The mycotoxins are toxic chemical compounds produced by a fungus, which can lead to various disease and even death. Cereals and grains are the products that get affected by the fungus during storage. Therefore, the mycotoxin testing becomes necessary for such products, to eliminate the risk of health hazards.

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Organic foods generally are grown with lesser use of chemicals and artificial ingredients and flavors, and are produced according to a set of stringent government standards. Foods cannot be labeled organic unless their production process sticks to those rules, and those extra steps enable the players to price the product on a higher end compared to regular products. This demand for organic foods has increased on a higher end in the food industry as there is a huge increase in health consciousness among the consumers.

The increase in disposable income allows the consumers to purchase a product though it is priced high. This enables an increase in sales revenue for the organic foods market with a CAGR of 6.67% during 2010 to 2015, wherein, the growth rate from 2013 to 2016 accounts to 3.56%. The United States accounts for the highest consumption of organic foods, with a spend of approximately 1 billion USD in 2016. Mycotoxin testing is the most preferred way to test the organic foods and hence the growth in consumption of organic foods drives the penetration for mycotoxins testing market during the forecast period.

In Vietnam, the national technical regulation board regulates the standard limit for various mycotoxins in food products. The growing rigidity of regulations in emerging nations offers an excellent opportunity for mycotoxin testing market. The market, based on geography, is segmented into North America, Europe, Asia-Pacific, South America and Africa. Further, North America and Europe dominates the mycotoxin testing market while Asia-Pacific is growing at a faster rate.

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Major Key Players:

1 SGS S.A.

2 Bureau Veritas S.A.

3 Intertek Group PLC

4 ALS Limited

5 Eurofins Scientific

6 DTS Laboratories

7 ILS Limited

8 Covance Inc.

9 Silliker, Inc.

10 Asurequality Limited and More……………….

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What Information does this report contain?

1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants

2 Which are the leading market products, applications & regions and how will they perform by 2023?

3 What are the technologies & innovation trends, how will they evolve by 2023?

4 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Mycotoxin Testing Market.

Table of Contents:

1 Introduction

2 Mycotoxin Testing Market Overview

3 Mycotoxin Testing Market Overview

4 Mycotoxin Testing Market Segmentation

5 Competitive Landscape

6 Company Profiles

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This release was published on openPR.