Mycotoxin And Food Testing Market Size, Share, Growth, Trends, and Global Industry Analysis: 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 Region Forecast 2019-2030

Mycotoxin And food testing market size was valued at US$ 7.4 billion in 2023 and is poised to grow at a CAGR of 11.5% from 2024 to 2030. The market are driven the wide range of its applications in the cosmetic industry. The growing demand for bioethanol, rising mycotoxin production owing to humid atmospheric conditions and stringent government regulations regarding food safety, rapidly rising in the food & beverage industry, and rise in the consumption of animal products are the few factors driving the growth. In October 2019, SGS announced the expansion of its new food microbiological testing lab in the United States. The 2,000 sq. ft. microbiological testing facility utilizes an information technology platform to offer food producers, manufacturers, and suppliers a broad spectrum of testing services across every food category.

However, the Lack of food control infrastructure & instrumentation in emerging countries hampers the market. Several molds that are typically found on agricultural products, when eaten by humans or animals produce a toxic effect. They can produce toxic chemical compounds. Mycotoxins are chemical metabolites that are derived from the words "myco" (fungus) and "toxin" (poison). In 2021, Aflatoxin had a significant market revenue and from 2022 to 2028, it is predicted to increase at a substantial CAGR. In March 2019, SGS announced the expansion of its new food microbiological testing lab in the United States. The microbiological testing facility is 2,400 sq. ft. This expansion is aimed at expanding geographical coverage and its global network of agriculture and food labs.