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

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MEA Mycotoxin and Food 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

MEA Mycotoxin and Food Testing Market size  was valued at USD 79.8 million in 2021, growing at a high CAGR of 12.2% from 2022 to 2028 to reach USD 178.6 million by 2028. Greater consumption of ready-to-eat meals, implementation of numerous food safety rules, and busy lifestyles and hectic schedules contribute to increased consumption of ready-to-eat meals. Foodborne disease, which can lead to death, is caused by eating contaminated food, which may contain poisonous chemicals and radioactive materials. Many leading food safety organizations, such as the Department of Agriculture, the Department of Health, and the Department of Trade and Industry, have implemented strict laws to prevent consumer illness and food fraud drives the market in the region. Food had a market revenue share of 61.7% in 2021, and from 2022 to 2028, it is predicted to increase at a CAGR of 10.7%. Food can be easily contaminated with pathogenic bacteria through exposure to inadequate processing controls, cross-contamination, animal manure, and improper storage or cooking. In 2021, the immunoassay based methods segment had a market share of 57.3% and is expected to increase at a CAGR of 11.4% in the future years. As ongoing developments have discovered that traditional methods are not suitable for all food products, immunoassay-based methods are more widely accepted than traditional methods. However, the complexity of testing techniques and lack of harmonization of regulations hampers the mycotoxin and food testing market

Key development:

In November 2019, BUREAU VERITAS was included in the “Financial Times” by diversity leaders among 700 companies. The FT Diversity Leaders promoted the company. The award recognition has enhanced the brand value of the company

MEA Mycotoxin and Food Testing Market

MARKET SUMMARY
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12.2%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 12.2%

MEA Mycotoxin and Food Testing Market

  • The MEA mycotoxin and food 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 MEA mycotoxin and food testing market is segmented based on type, sample, technology and Country
key players
  • ALS Limited
  • Bio-Rad Laboratories, Inc.
  • Bureau Veritas
  • DNV GL AS (DNV)
  • Eurofins Scientific S.E.
MEA Mycotoxin and Food Testing Market Growth

The mycotoxin and food testing market is surging owing to frequent acquisitions and launches by the market players. Strategic alliances by the players, such as acquisitions, mergers, expansions, and new product launches, may enhance the company’s growth.


MEA Mycotoxin and Food Testing Market

South Africa is predicted to have the largest share of the mycotoxin and food testing market by 2028, and it is expected to grow rapidly in the following years. The rise in customer demand for fresh and appropriate food products has resulted in the progress of food safety procedures, as well as the high prevalence of foodborne disease outbreaks in numerous countries, causing increased concern and extensive investigation of foodborne pathogens. As a result, the demand for microbiological testing of food products is constantly on the rise.

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

Key

Findings 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 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
MEA Mycotoxin and Food Testing Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The MEA mycotoxin and food testing market is projected to expand at a CAGR of 12.2% during the forecast period

ALS Limited, Bio-Rad Laboratories, Inc., Bureau Veritas, DNV GL AS (DNV), Eurofins Scientific S.E., Intertek Group plc, QIMA Limited, SGS SA, TUV SUD


Report

Company Profile

  • ALS Limited
  • Bio-Rad Laboratories, Inc.
  • Bureau Veritas
  • DNV GL AS (DNV)
  • Eurofins Scientific S.E.
  • Intertek Group plc
  • QIMA Limited
  • SGS SA
  • TUV SUD

Description

MEA Mycotoxin and Food Testing Market size  was valued at USD 79.8 million in 2021, growing at a high CAGR of 12.2% from 2022 to 2028 to reach USD 178.6 million by 2028. Greater consumption of ready-to-eat meals, implementation of numerous food safety rules, and busy lifestyles and hectic schedules contribute to increased consumption of ready-to-eat meals. Foodborne disease, which can lead to death, is caused by eating contaminated food, which may contain poisonous chemicals and radioactive materials. Many leading food safety organizations, such as the Department of Agriculture, the Department of Health, and the Department of Trade and Industry, have implemented strict laws to prevent consumer illness and food fraud drives the market in the region. Food had a market revenue share of 61.7% in 2021, and from 2022 to 2028, it is predicted to increase at a CAGR of 10.7%. Food can be easily contaminated with pathogenic bacteria through exposure to inadequate processing controls, cross-contamination, animal manure, and improper storage or cooking. In 2021, the immunoassay based methods segment had a market share of 57.3% and is expected to increase at a CAGR of 11.4% in the future years. As ongoing developments have discovered that traditional methods are not suitable for all food products, immunoassay-based methods are more widely accepted than traditional methods. However, the complexity of testing techniques and lack of harmonization of regulations hampers the mycotoxin and food testing market

Key development:

In November 2019, BUREAU VERITAS was included in the “Financial Times” by diversity leaders among 700 companies. The FT Diversity Leaders promoted the company. The award recognition has enhanced the brand value of the company

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