Europe Mycotoxin Testing Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Europe Mycotoxin Testing Market: By Type (Aflatoxin, Deoxynivalenol, Ochratoxins, Fumonisins, Trichothecene, Zearalenone, Patulin, and Others) By Sample, (Food (Cereals, grains, and pulses, Milk and milk products, Meat, poultry, and seafood, Nuts, seeds, and spices, Fruits and vegetables, and Others), Feed (Cereals and cereal by-products, Seeds and seed products, Forage and silage and Others), By Technology, (Chromatography- & spectroscopy-based and Immunoassay-based) and Country

 

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Report

Description

The Europe Mycotoxin Testing Market was valued at USD 242.9 million in 2021, growing at a high CAGR of 11.3% from 2022 to 2028 to reach USD 513.9 million by 2028. Food rules are getting more stringent in Europe, and producers are being held to a higher standard, exposing various attempts to deceive customers. As a result, the European Union’s Administrative Assistance and Cooperation System – Food Fraud (AAC-FF), introduced in 2015, dedicates an IT tool that allows members of the EU Food Fraud Network to share information on non-compliances and potential intentional violations of EU Agri-food chain legislation. As a result, Europeans, particularly Italians, have a higher proclivity to pay a higher average price for items that claim to have lower mycotoxin levels, underlining the need for food safety testing. For instance, However, the lack of standardization in collecting samples and the lack of infrastructure development in emerging countries hampers the Mycotoxin Testing Market. The Mycotoxin Testing Market is surging owing to frequent acquisitions and launchings by the market players. Strategic alliances by the players such as acquisitions, mergers, expansions and new product launches may enhance the company’s growth. For instance,

Key developments:

In October 2020, Eurofins Scientific developed a novel method for identifying fructans in infant formulae and adult nutrition in partnership with Nestle Research (Lausanne, Switzerland). The approach has been given official standard status by the key standardization bodies, including the AOAC, ISO, CEN, and IDF.

Europe Mycotoxin Testing Market

MARKET SUMMARY
-
11.3%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 11.3%

Europe Mycotoxin Testing Market

  • The mycotoxin testing market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The mycotoxin testing market is segmented based on type, sample, technology  and country
Key Players
  • SGS SA
  • Eurofins Scientific SE
  • Alta Bioscience
  • Romer Labs Division Holding GmbH
Europe Mycotoxin Testing Market Growth

In 2021, Aflatoxin had a market revenue share of 18.9%, and from 2022 to 2028, it is predicted to increase at a CAGR of 10.9%. In 2021, Due to significant prevalence in agricultural goods used for human consumption, such as corn, peanuts, groundnuts, cotton seeds, and tree nuts, Aflatoxins held the largest market share in 2021. Chromatography based testing segment has a market share of 27.8% and is expected to increase at a CAGR of 11.3 % in the future years. The chromatography-based category has the biggest market share because the services involved in mycotoxin testing provide efficient testing using HPLC and LC chromatography, as well as their accuracy in content detection in analytical methods, which has contributed to their dominance in mycotoxin testing.


Europe Mycotoxin Testing Market

Germany is predicted to have the largest share of the Mycotoxin Testing Market by 2028, and it is expected to grow rapidly in the following years. The food and feed testing mycotoxin policies have been strengthened by the contributed efforts from control laboratories (CLs), national reference laboratories (NRLs), and EU reference laboratories (EURLs). This market is additionally fuelled by the rising occurrence of fusarium toxins as a result of changing climatic conditions in the region.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Europe Mycotoxin Testing Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The mycotoxin testing market is projected to expand at a CAGR of 11.3% during the forecast period

SGS SA, Eurofins Scientific SE, Alta Bioscience, Romer Labs Division Holding GmbH, Intertek Group plc., ALS Limited, NEOGEN Corporation, EnviroLogix, TÜV SÜD, Fera Science Limited, SYNLAB International GmbH, R-Biopharm AG

 

Europe is the fastest-growing region for mycotoxin testing market


Report

Company Profile

  • SGS SA
  • Eurofins Scientific SE
  • Alta Bioscience
  • Romer Labs Division Holding GmbH
  • Intertek Group plc.
  • ALS Limited
  • NEOGEN Corporation
  • EnviroLogix
  • TÜV SÜD
  • Fera Science Limited
  • SYNLAB International GmbH
  • R-Biopharm AG

Description

The Europe Mycotoxin Testing Market was valued at USD 242.9 million in 2021, growing at a high CAGR of 11.3% from 2022 to 2028 to reach USD 513.9 million by 2028. Food rules are getting more stringent in Europe, and producers are being held to a higher standard, exposing various attempts to deceive customers. As a result, the European Union’s Administrative Assistance and Cooperation System – Food Fraud (AAC-FF), introduced in 2015, dedicates an IT tool that allows members of the EU Food Fraud Network to share information on non-compliances and potential intentional violations of EU Agri-food chain legislation. As a result, Europeans, particularly Italians, have a higher proclivity to pay a higher average price for items that claim to have lower mycotoxin levels, underlining the need for food safety testing. For instance, However, the lack of standardization in collecting samples and the lack of infrastructure development in emerging countries hampers the Mycotoxin Testing Market. The Mycotoxin Testing Market is surging owing to frequent acquisitions and launchings by the market players. Strategic alliances by the players such as acquisitions, mergers, expansions and new product launches may enhance the company’s growth. For instance,

Key developments:

In October 2020, Eurofins Scientific developed a novel method for identifying fructans in infant formulae and adult nutrition in partnership with Nestle Research (Lausanne, Switzerland). The approach has been given official standard status by the key standardization bodies, including the AOAC, ISO, CEN, and IDF.

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