(PharmaNewsWire.Com, January 20, 2018 ) North America Mycotoxin Testing Market was worth USD 283.4 million in 2016, and is expected to grow at a CAGR of 5.8%, to reach USD 375.7 million by 2021. Mycotoxins are toxic chemical substances produced by molds which effect plants and crops. These mycotoxins are hazardous and can cause harmful effects or can be life threatening in animals and humans. The effect of toxins on humans can affect normal cell function and can cause diseases such as Kidney toxicity, Autism, Cancer, Immune suppression and Birth Defects.
Almost 50,000 species of molds are identified in which about 200 of them present health risks to humans and animals. When the conditions are right for their growth, spores of fungi form colonies and mycotoxin levels increase in the infected area. Food processing may not necessarily remove the contamination and hence mycotoxin testing is necessary for the detection of these toxins.
Fungi have better growth conditions in moist atmosphere and most of the food products have some amount of moisture. Hence, mycotoxin testing is increasing in demand with the increase in food demand across the world. Increasing concerns for food safety and increasing awareness among people regarding the mycotoxin effects are increasing the demand for mycotoxin testing. All these factors are expected to drive the market. Lack of proper equipment in developing countries and complex regulatory standards are restraining the market.
The Mycotoxin Testing Market is categorized based on type, technology, food and feed tested and region. Based on type, the market is categorized into Ochratoxins, Fusarium, Aflatoxins, Patulin and Others. Aflatoxins are the largest market segment as it is the most common mycotoxin produced by molds. Fusarium segment is expected to be the fastest growing segment due to wide number of toxins produced by fusarium genus. Based on technology, the market is categorized into High pressure liquid chromatography (HPLC), Immunoassay-based or Enzyme-linked immunosorbent assay (ELISA) and LC-MC/GC-MS Based. HPLC is expected to be the largest market segment because it is considered to be the most effective tests for mycotoxin testing. Based on food tested, the market is categorized into Cereals, Grains & Pulses, Dairy Products, Processed Food, Meat & Poultry, Nuts, Seeds & Spices and others. Based on feed tested, the market is categorized into Cereals & Cereal By-Products, Oil Meals & Cakes, Forage & Silage and other feed ingredients.
Based on geography, the North America market is categorized into U.S.A and Canada. U.S leads the mycotoxin testing market because it is one of the largest producers of cereals which are the major contaminated food products.
Scope of the report: Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Some of the major players in this region are Bureau Veritas S.A, Symbio Laboratories, Romer Labs Diagnostic GmbH, Eurofins Scientific SE, Asurequality Ltd., ALS Ltd, Microbac Laboratories, Inc., Intertek Group PLC., Silliker, Inc., and SGS S.A
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