Mycotoxin Testing Industry Will Hit Big Revenues In Future
The mycotoxin testing market is a critical component of the food safety industry. Mycotoxins are toxic secondary metabolites produced by certain types of fungi, which can contaminate crops and pose significant health risks to humans and animals. The testing of these toxins is essential to ensure food and feed safety, regulatory compliance, and to mitigate economic losses.
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Mycotoxin Testing Market to Showcase Continued Growth in the Coming Years
The Mycotoxin Testing Market is estimated at USD 1.6 billion in 2024 and is projected to reach USD 2.3 billion by 2029, at a CAGR of 6.7% from 2024 to 2029 according to a report published by MarketsandMarkets™. The expansion of the agricultural sector, coupled with growing international trade in food and agricultural products, has increased the need for mycotoxin testing to comply with export...
Upcoming Growth Trends in the Mycotoxin Testing Market
The report “Mycotoxin Testing Market by Type (Aflatoxins, Ochratoxin, Fumonisins, Zearalenone, deoxynivalenol, Trichothecenes, Patulin), Technology (Chromatography- & Spectroscopy-Based, Immunoassay-Based), Sample (Feed & Food), and Region – Global Forecast to 2025″, size is projected to reach USD 1,337 million by 2025, which was estimated at USD 946 million in...
Mycotoxin Testing Market Will Hit Big Revenues In Future
The global mycotoxin testing market size estimated at USD 946 million in 2020 and is projected to grow at a CAGR of 7.1% to reach USD 1,337 million by 2025. The market has a promising growth potential due to several factors, including the increasing awareness of mycotoxin testing and strict government regulations for mycotoxin testing in both food and feed products. Increase in instances...
New Revenue Sources in Mycotoxin Testing Market
The report “Mycotoxin Testing Market by Type (Aflatoxins, Ochratoxin, Fumonisins, Zearalenone, deoxynivalenol, Trichothecenes, Patulin), Technology (Chromatography- & Spectroscopy-Based, Immunoassay-Based), Sample (Feed & Food), and Region – Global Forecast to 2023″, The global mycotoxin testing market is estimated to be valued at USD 858 million in 2018 and is projected to...
Mycotoxin Testing Market to Showcase Continued Growth in the Coming Years
The mycotoxin testing market size is projected to reach USD 1.56 Billion by 2022, at a CAGR of 6.0% from 2016 to 2022. The market is driven by humid atmospheric conditions, growing health cause among consumers, consumer complaints (food recalls), implementation of stringent food safety regulations, and international trade mandates on food materials.
Expansion opportunities in the emerging countries...