Mycotoxin Testing Market in Supply Chain Market Industry Analysis and Forecast 2029

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 moulds. 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 mycotoxin testing market was valued at 865.63 million in 2021 is expected to reach the value of USD 1509.70 million by 2029, at a CAGR of 7.2% during the forecast period of 2022 to 2029.

Market Definition

Mycotoxin testing detects the presence of harmful mycotoxin metabolites caused by mould or fungi in the body or home using a urine or environmental test. Mycotoxin testing ensures that the products are not carcinogenic and that they comply with international regulatory standards. Mycotoxins are toxic chemical compounds produced by fungi that can cause a number of fatal diseases
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Mycotoxin Testing Market Regional Analysis/Insights
The mycotoxin testing market is analyzed and market size insights and trends are provided by country, type, product type, technology, sample and end-user as referenced above.

The countries covered in the mycotoxin testing market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

The United States dominates the North American market due to innovative industries and expanding research and development activities for providing product types such as devices, reagents & kits, and other services, as well as a promising growth rate from 2022 to 2029 due to the increasing use of reagents and kits, Germany is dominating the market and driving growth in Europe. China is expected to dominate the market in the Asia-Pacific region due to advances in technology and innovation in food testing as well as rising consumption in the region and the region's rising lifestyle.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

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