Mycotoxin Feed Testing Market Size, Share, Growth Insights and Report 2024-2031 | Eurofins Scientific, Bureau Veritas, Intertek Group plc

DataM Intelligence has released a new research report on the Mycotoxin Feed Testing market. The report provides a detailed analysis of current and emerging trends, offering insights into the market dynamics. It utilizes Porter's Five Forces model to assess key factors such as supplier and customer relationships, risks from various agents, competitive intensity, and opportunities for new entrants. The study also includes research data from various companies, analyzing factors like benefits, gross margins, and strategic decisions in the global market. The report is enriched with tables, charts, and infographics for a clear presentation of the findings.

Global Mycotoxin Feed Testing Market reached US$ 912.10 million in 2023 and is expected to reach US$ 2,242.25 million by 2031, growing with a CAGR of 11.9% during the forecast period 2024-2031.

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Mycotoxin Feed Testing refers to the process of detecting and measuring mycotoxins-harmful substances produced by molds-in animal feed. Mycotoxins, such as aflatoxins, fumonisins, and ochratoxins, can contaminate crops like grains and silage during storage or production, posing serious health risks to livestock if consumed. Mycotoxin feed testing is crucial to ensure the safety and quality of animal feed, as these toxins can lead to reduced animal growth, weakened immune systems, and in severe cases, illness or death. Various testing methods, including rapid test kits, chromatography, and ELISA, are used to monitor mycotoxin levels and prevent contaminated feed from entering the animal food chain, safeguarding both animal and human health.

List of the Key Players in the Mycotoxin Feed Testing Market: Eurofins Scientific, SGS Société Générale de Surveillance SA, Bureau Veritas, Intertek Group plc, AsureQuality, Dairyland Laboratories Inc., IEH Laboratories and Consulting Group, ENVIROLOGIX INC., Romer Labs Division Holding and Thermo Fisher Scientific Inc.

Key Developments:

In September 2023, ImagoAI, introduced the world's quickest mycotoxin test, which can yield results in under 30 seconds. This innovative approach provides food producers, processors, feed mills, grain elevators, milling firms, and mycotoxin risk management more economically and efficiently.

In August 2021, Volac acquired Micron Bio-Systems, a bio-science solutions business that produces and markets environmental goods, nutraceuticals, silage additives, and mycotoxin remediation solutions. Additionally, Micron has a cutting-edge, UKAS-accredited testing facility for determining the presence of mycotoxin in feedstuffs.

Research Process:

Both primary and secondary data sources have been used in the global Mycotoxin Feed Testing Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Mycotoxin Feed Testing Market:

By Type of Mycotoxin (Aflatoxins, Ochratoxin, Fumonisins, Deoxynivalenol, Patulin, Others)

By Technology (Chromatography Based, Immunoassay Bed, Lateral Flow Assay Based, Spectroscopy Based, Others)

By End-user (Feed Manufactures, Regulatory Agencies, Research Institutions, Others)

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Regional Analysis:

➣ North America (US, Canada, Mexico)

➣ Europe (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)

➣ Asia-Pacific (China, India, Japan, Australia, Rest of Asia Pacific)

➣ South America (Brazil, Argentina, Rest of South America)

➣ Middle East and Africa

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Mycotoxin Feed Testing market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Mycotoxin Feed Testing Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Mycotoxin Feed Testing market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Mycotoxin Feed Testing Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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The Research Report Offers Answers To The Following Questions:

☛ What is the expected growth rate of the global market for the forecast period?

☛ What are the key driving factors that are responsible to shape the fate of the Mycotoxin Feed Testing market during the forecast period?

☛ What will be the overall size of the market during the analysis period?

☛ What are the prominent market trends which influence the development of the Mycotoxin Feed Testing market across various regions?

☛ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☛ What are the challenges and threats that are likely to act as a barrier to the growth of the Mycotoxin Feed Testing market?

☛ What are the major opportunities that the companies can get to attain success in the world?

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