TMRR’s latest report on global Mycotoxin Testing market
The recent market intelligence study by Tailor Made Reports elaborates the all in all perspective of the worldwide Mycotoxin Testing market, from its historical growth through the future outlook. The report is scrutinized on the basis of product type, end use, region and market players. Each segment depicted based on market share, revenue, and demand prospect.
Analysts at TMRR find that the global Mycotoxin Testing market reached a value of ~US$ xx Mn/Bn in 2018 and is anticipated to grow at CAGR of xx% during the forecast period 2019-2029. The growth is primarily driven by increasing demand for Mycotoxin Testing among the consumers, better disposable income, and enhanced GDP in developing countries.
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This mycotoxin testing market is primarily driven by stringent food safety regulations across several countries. Humid atmospheric conditions, which leading to an increase in mycotoxins production in food & feed products is another prominent factor augmenting the demand for mycotoxin testing. Additionally, incremented International trade, consumer complaints, and growing health concern among consumers are some of the other factors expected to positively influence the market during the forecast period.
The mycotoxin testing market report observes that among all types of mycotoxins, the demand for fusarium toxin is maximum. The Fusarium genus have various species, which produce a large number of toxins such as trichothecenes, fumonisins, and zearalenone. As fusarium toxin are commonly present in cereals and by-products, factors such as contamination in grain due to changing climatic conditions and the increase in commodities trade have grown into significant drivers for the Fusarium testing market. Among all technologies used for mycotoxin testing, HPLC is most common as it is economical technology and is helpful to detect and quantify mycotoxins in food products.
Global Mycotoxin Testing Market: Regional Outlook
Currently, North America and Europe serve the maximum demand for mycotoxin, owing to strict regulatory in the countries of the U.S., the U.K. Germany, and France. The U.K. is estimated for the best growth rate among the European countries during the forecast period. However, Asia Pacific, which resides nearly half the world’s population, is expected to escalate the demand for mycotoxin testing over the course of next few years.
Companies mentioned in this research report
Some of the key vendors in global mycotoxin testing market are SGS S.A., Bureau Veritas S.A., Eurofins Scientific SE, Intertek Group plc, ALS Limited, AsureQuality Ltd, Microbac Laboratories Inc, Silliker Inc, Romer Labs Diagnostic GmbH, and Symbio Laboratories.
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After reading the Mycotoxin Testing market report, readers can:
- Understand the drivers, restraints, opportunities and trends that impact the overall growth of the Mycotoxin Testing market.
- Grasp the market outlook in terms of value and volume.
- Study the strengths, weaknesses, opportunities and threats of each stakeholder operating in the Mycotoxin Testing market.
- Learn about the manufacturing techniques of Mycotoxin Testing in brief.
- Figure out the positive and negative factors impacting the product sales.
What kind of questions the Mycotoxin Testing market report answers?
- Why is region witnessing the slowest demand growth for Mycotoxin Testing ?
- What kind of agreements are the players entering into in the global Mycotoxin Testing market?
- Which sub-segment will lead the global Mycotoxin Testing market by 2029 by product?
- Which Mycotoxin Testing market players hold significant shares in terms of value and volume?
- What alternatives are consumers looking for in the global Mycotoxin Testing market?
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This post was originally published on Space Market Research