- Aflatoxin
- Deoxynivalenol
- Ochratoxins
- Fumonisins
- Trichothecene
- Zearalenone
- Patulin
- Others
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,
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.
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