Mycotoxin Testing Market Size, Market Report Future Trends,Industry Analysis & Opportunities, Key Players and Forecast by 2027.

The global mycotoxin testing market is estimated to be valued at USD 946 million in 2020 and is projected to reach USD 1493.40 million by 2027, at a CAGR of 5.1 %. Apart from rising need for food safety, global mycotoxin testing market is driven by moist atmosphere, which is foremost to mycotoxins productions in food yields such as dairy products, herbs, cookies, bread, cereals, meat & poultry products, beverages like wine & beer.

Furthermore, consumer is more aware regarding the presence of mycotoxins in products has augmented numerous folds during the past, which is another driver which can boost mycotoxin testing market. Advanced technologies to quickly and efficiently test the existence of mycotoxins are some other factors which are favouring the growth of the market.

Increase in instances of foodborne illness due to mycotoxin contamination, growth in demand for compliance with international trade mandates and change in atmospheric conditions are some factors driving the growth in this market. Various government and regulatory bodies across the world have made testing of animal feed and food ingredients mandatory. The regulatory authorities do not approve animal feed for marketing, unless its safety and efficacy are proven. Such measures to prevent potential threats of contamination, chemicals, and toxic presence have been affecting the growth of the mycotoxin testing market greatly.

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Key players
SGS (Switzerland)
Bureau Veritas (France)
Eurofins (Luxembourg)
Intertek (UK)
Mérieux NutriSciences (US)
ALS Limited (Australia)
Neogen (US)
Romer Labs (US)

Types
Meat and Poultry
Dairy
Fruits and Vegetables
Processed Food
Other Food

Applications
Feed, Food
On the Basis of Region
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa (MEA)

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The Mycotoxin Testing market in APAC is expected to hold a major market share during the forecast period as countries in APAC such as China, Japan, India, and South Korea have some of the largest manufacturing facilities wherein automation of manufacturing processes has been taken as the highest priority. Also, strong competition among consumer electronics companies in APAC is likely to boost the adoption of machine vision systems in the region. The growing awareness about and demand for high-quality and zero-defect products has fuelled the need for Mycotoxin Testing in inspection-related applications in the manufacturing fields.
However, the outbreak of COVID-19 has significantly affected the manufacturing sector of APAC. As the neighbouring countries are linked to one another through trade relations and supply chain the entire region is affected with the outbreak of COVID-19 which will have a significant impact on the said market in this region for the forecast period.

TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Mycotoxin Testing Market
Chapter 5. Global Mycotoxin Testing Market Overview, By Application, 2015 - 2027(USD Million)
Chapter 6. Global Mycotoxin Testing Market Overview, By Distribution Channel, 2015 - 2027(USD Million)
Chapter 7. Global Mycotoxin Testing Market Overview, By Geography, 2015 - 2027(USD Million)
Chapter 8. North America Mycotoxin Testing Market Overview, By Countries, 2015 - 2027(USD Million)
Chapter 9. Europe Mycotoxin Testing Market Overview, By Countries, 2015 - 2027(USD Million)
Chapter 10. Asia Pacific Mycotoxin Testing Market Overview, By Countries, 2015 - 2027 (USD Million)
Chapter 11. Middle East & Africa Mycotoxin Testing Market Overview, By Countries, 2015 - 2027 (USD Million)
Chapter 12. South America Mycotoxin Testing Market Overview, By Countries, 2015 - 2027 (USD Million)
Chapter 13. Competitive Landscape
Chapter 14. Key Vendor Analysis
Chapter 15. Mycotoxin Testing Market Cost Analysis
Chapter 16. Sourcing Strategy and Downstream Buyers
Chapter 17. Marketing Strategy Analysis, Distributors/Traders
Chapter 18. Market Effect Factors Analysis
Chapter 19. Future Outlook of the Market
Reasons to Buy the Report:
• Learn about the driving factors, affecting the market growth.
• Imbibe the advancements and progress in the market during the forecast period.
• Understand where the market opportunities lies.
• Compare and evaluate various options affecting the market.
• Pick up on the leading market players within the market.
• Envision the restrictions and restrains that are likely to hamper the market.

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