Asia-Pacific Mycotoxin Testing Market by Product, End User, Type, and Mode, Worldwide Forecast till 2030

Asia-Pacific Mycotoxin Testing Market Analysis and Size
According to the Food and Agriculture Organization of the United Nations (FAO), nearly 25% of the world's food contains mycotoxins, which are toxic secondary metabolites of molds. There are approximately 400 known species of mycotoxins of various chemical compound classes, with 25 being quite common due to their frequency of occurrence. With the world's population growing, the demand for food is increasing, necessitating a greater emphasis on mycotoxin testing.

Data Bridge Market Research analyses that the Asia-Pacific mycotoxin testing market, which was USD 230,214.29 million in 2022, would rocket up to USD 436,044.31 million by 2030, and is expected to undergo a CAGR of 8.3% during the forecast period. "Aflatoxins" dominates the type segment of the mycotoxin testing market due to the wider consumer adoption of seriousness in foodborne disease. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Market Definition

Mycotoxin testing detects the presence of harmful mycotoxin metabolites caused by mold or fungi in the body or home using a urine or environmental test. Mycotoxin testing ensures that the products are not carcinogenic and comply with international regulatory standards. Mycotoxins are toxic chemical compounds produced by fungi that can cause several fatal diseases.

Asia-Pacific Mycotoxin Testing Market Dynamics
Drivers

Rising risk of mycotoxin contamination
The mycotoxins testing market is expected to grow during the forecast period due to the increased risk of mycotoxin contamination in livestock feed and rising incidences of mycotoxin occurrences in crops.

Stringent regulations laid by the government on the implementation of testing
Various governments and regulatory bodies have made animal feed and food ingredient testing mandatory worldwide. Animal feed is not approved for marketing unless its safety and efficacy have been proven. Such precautions to avoid contamination, chemicals, and toxic presence have significantly impacted the growth of the mycotoxin testing market. Many countries have enacted specific regulations for mycotoxins in food and animal feed to protect human and animal health.

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