Press release
Mycotoxin Feed Testing Market Set for Strong Growth, Expected to Reach $2.11 billion by 2029
Mycotoxin Feed Testing Global Market Size Report 2025
What Is The Projected Market Size Of The Global Mycotoxin Feed Testing Global Market Report 2025 And Its Growth Rate?
• The mycotoxin feed testing market size is set to grow strongly and is projected to reach $1.55 billion in 2025 from $1.45 billion in 2024, at a CAGR of 6.4%.
• This surge in the market is largely fueled by factors such as crop and environmental changes, economic aspects, global food safety awareness, and industry collaborations.
• Looking ahead, the mycotoxin feed testing market size is expected to continue its upward trend, projected to hit $2.11 billion in 2029 at a CAGR of 8.1%.
• The market's forecasted growth can be attributed to the impact of climate change, rising consumer demands, emerging markets, and global food safety concerns among others.
What Is Driving The Growth In The Mycotoxin Feed Testing Global Market Report 2025?
The surge in incidences of food-borne illnesses is a key growth driver in the market. Food-borne illness is attributed to consuming food or beverages contaminated with pathogens or microorganisms. With the rise in commercial food services and new production and distribution methods, the incidences of food-borne illness have spiked, necessitating the application of mycotoxin feed testing to reduce the chances of ingesting contaminated food. For instance, a report by the World Health Organization (WHO) in May 2022, revealed that around 600 million individuals, or one in ten globally, suffer from food-borne illnesses and approximately 0.42 million people die annually. Thus, the rise in food-borne illness incidences is boosting the demand for mycotoxins feed testing and driving the growth of the market.
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Who Are the Key Players Driving Mycotoxin Feed Testing Global Market Report 2025 Growth?
• ALS Limited
• AsureQuality Limited
• Bureau Veritas SA
• Eurofins Scientific SE
• Intertek Group plc
• Mérieux NutriSciences Corporation
• SGS SA
• Symbio Laboratories
• Bio-Check Ltd.
• Charm Sciences Inc.
• EMSL Analytical Inc.
• IEH Laboratories and Consulting Group LLC
• Neogen Corporation
• Premier Analytical Services Inc.
• Romer Labs Division Holding GmbH
• Tuv Sud Gesellschafterausschuss Gbr
• Biomin Holding GmbH
• CDX Laboratories Inc.
• Wettlab GmbH & Co. KG
• Laboratoire du Nord
• The Zwick Roell Group
• Astell Scientific Ltd.
• BioAnalytix GmbH
• C&K Testing Services Co. Ltd.
• Ceva Santé Animale
• Chem Service Inc.
• ChromaDex Corporation
• Control Union Certifications BV
• CTI FoodTech Group
• Dako A/S
What Are The Key Trends In The Mycotoxin Feed Testing Global Market Report 2025?
• Stringent government regulations related to food safety.
• Rising consumer awareness about the impacts of mycotoxins.
• The emergence of precision agriculture methods in feed testing.
• Advances in the testing process, improving accuracy, and speed.
• The introduction of advanced feed solution technologies.
What Are The Segments Of The Global Mycotoxin Feed Testing Global Market Report 2025?
• Type: Aflatoxins, Alternaria, Cyclopiazonic Acid, Citrinin, Fusarium Toxins, Ergot Alkaloids, Patulin, Ochratoxins, Sterigmatocystin, Other Types
• Sample: Cereals, Seeds And Seed Products, Forage And Silage, Other Samples
• Technology: Chromatography-Based, Immunoassay-Based, Lateral Flow Assay-Based, Spectroscopy-Based, Other Technologies
• End-User: Food And Beverages, Animal Feed, Pharmaceuticals
Which Region Leads The Mycotoxin Feed Testing Global Market Report 2025?
In 2024, North America held the largest share in the mycotoxin feed testing market. However, Asia-Pacific is projected to be the fastest-growing region in the global mycotoxin feed testing market during the forecast period.
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What Is Covered In The Mycotoxin Feed Testing Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Mycotoxin Feed Testing Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Mycotoxin Feed Testing Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Mycotoxin Feed Testing Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Mycotoxin Feed Testing Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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