The global mycotoxin testing market is forecast to witness considerable growth over the coming years. Increasing regulations regarding food safety manufacturers, an outbreak of deadly diseases such as COVID-19 pandemic, growing worldwide population resulting in increased demand for food products as well as excessive use of chemicals and pesticides in food harvest are some of the key growth drivers of the global mycotoxin testing market.
Mycotoxins are toxic chemical compounds or ingredients which are produced by molds that pollute several agricultural commodities either before harvest or post-harvest period. Additionally, unusual weather conditions, for instance, unseasonable rains, cyclones, and droughts may also lead to mycotoxin infection and can result in severe health problems. Moreover, the consumption of commodities containing mycotoxin may lead to few acute and chronic diseases in humans as well as in animals. Further, According to the Food and Agriculture Organization, around 25% of the entire food produced worldwide consists of mycotoxin. Additionally, there exist nearly 400 familiar categories of mycotoxin which belong to diverse compound classes.
According to 6Wresearch, Global Mycotoxin Testing Market is projected to grow substantially during 2020-2026. This growth is primarily driven by increasing regulations and international trade mandates globally. The governments of various countries and regulatory authorities have made the testing of animal feed and food ingredients mandatory. Additionally, the availability of advanced technology and equipment has also accelerated the demand for mycotoxin testing market. The testing laboratories are equipped with more advanced equipment and testing kits which helps in accurate and rapid testing of multiple samples.
Key Highlights of the Report:
- Global Mycotoxin Testing Market Overview
- Global Mycotoxin Testing Market Outlook
- Global Mycotoxin Testing Market Forecast
- Global Mycotoxin Testing Market Trends
- Global Mycotoxin Testing Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
- Market Drivers & Restraints
- Global Mycotoxin Testing Markets and Industry Life Cycle
- Porter’s Five Force Analysis and Market Opportunity Assessment
- Global Mycotoxin Testing Market Shares, By players
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