The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s mycotoxin feed testing market report forecasts the mycotoxin feed testing market size to grow to $1.80 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.

Learn More On The Mycotoxin Feed Testing Market Report 2023 – https://www.thebusinessresearchcompany.com/report/mycotoxin-feed-testing-global-market-report

Mycotoxin Feed Testing Market Size Forecast
The global mycotoxin feed testing market is expected to grow from $1.28 billion in 2022 to $1.37 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global mycotoxin feed testing market size is expected to reach $1.80 billion in 2027 at a CAGR of 7.2%.

North America held the largest mycotoxin feed testing market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Mycotoxin Feed Testing Market Driver ­– Increase In Incidences Of Food Born Illness
For example, according to a report published by the World Health Organisation (WHO), a Switzerland-based government agency responsible for international public health, 600 million people, or roughly one in every ten people worldwide, will be suffering from food-borne illness in May 2022, with 0.42 million people dying each year. As a result, the rise in food-borne sickness is propelling the mycotoxins feed testing industry forward.

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Key Mycotoxin Feed Testing Market Trend – Technological Advancement
Mycotoxin feed testing is the process of analysing animal feed samples for the presence and amount of mycotoxins. Mycotoxins are naturally occurring toxic compounds produced by fungi that can contaminate animal feed and cause health problems in cattle. Mycotoxin feed testing kits allow users to get additional certainty, check the quality of food or feed, and protect themselves from illness. For instance, in September 2022, Ring Biotechnology Co Ltd., a China-based biotechnology company specialising in rapid food safety testing and animal disease diagnosis, launched the new iQuanti mycotoxins quantitative rapid test kit, it is a lateral flow immunoassays-based test kit used for the detection of the five major mycotoxins in cereal such as aflatoxin B1, zearalenone, fumonisin, T2-toxin, ochratoxin and vomitoxin. Following a simple specimen extraction, it can identify the main mycotoxins in 10 minutes.

Mycotoxin Feed Testing Market Segment
1) By Type: Aflatoxins, Alternaria, Cyclopiazonic Acid, Citrinin, Fusarium Toxins, Ergot Alkaloids, Patulin, Ochratoxins, Sterigmatocystin, Other Types
2) By Sample: Cereals, Seeds And Seed Products, Forage And Silage, Other Samples
3) By Technology: Chromatography Based, Immunoassay-Based, Lateral Flow Assay Based, Spectroscopy Based, Other Technologies
4) By End-User: Food And Beverages, Animal Feed, Pharmaceuticals

Mycotoxin Feed Testing Market Major Players and Strategies
Major players in the mycotoxin feed testing market are ALS Limited, AsureQuality Limited, Bureau Veritas, Eurofins Scientific SE, Intertek Group plc, Mérieux NutriSciences Corporation, SGS SA, Symbio Laboratories, Bio-Check (UK) Ltd., Charm Sciences Inc., EMSL Analytical Inc., IEH Laboratories and Consulting Group LLC, Neogen Corporation, Premier Analytical Services Inc., and Romer Labs Division Holding GmbH.

Societe Generale de Surveillance SA (SGS SA), a Swiss firm that provides inspection, verification, testing, and certification services, paid $616.58 million (550 million euros) for SYNLAB Analytics & Services in January 2021. This acquisition seeks to expand SGS SA’s global network in important strategic emphasis areas such as the environment, food, life sciences, and oil condition monitoring. SYNLAB International GmbH is a laboratory and medical diagnostic services firm established in Germany that specialises in human and veterinary testing, as well as environmental analysis.

The Mycotoxin Feed Testing Global Market Report 2023 covers regional data on mycotoxin feed testing market size, mycotoxin feed testing market trends and drivers, opportunities, strategies, and mycotoxin feed testing market competitor analysis. The countries covered in the mycotoxin feed testing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Mycotoxin feed testing is the process of analysing food or feed samples for the presence and quantity of mycotoxins, which are naturally occurring poisonous compounds produced by fungi that can contaminate animal feed and cause livestock health problems. Mycotoxin feed testing is done to assure the safety and quality of the feed, and thus the health of the animals that consume it.

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