Mycotoxins are one of the major global challenges to food and feed safety. Some of the most common mycotoxin found in agricultural crops are ochratoxin, citrinin, ergot alkaloids, zearalenone, and aflatoxins. In order to combat mycotoxin-related problems, the industry needs reliable, fast, and economical testing methods for driving the growth of the mycotoxin testing market. The animal feed testing has gradually become important as an increase in the global demand for maize, soybeans, wheat, and their products have risen. Food is the fastest-growing segment in the mycotoxin testing market which is rising at a CAGR of 4.9% through to 2025. The rising demand for these products has strengthened the livestock industry. The presence of mycotoxins in food has various implications on the animal and human health due to its mutagenic, carcinogenic, teratogenic, immunosuppression, and nephrotoxigenic effects. Therefore, ELISA (enzyme-linked immunosorbent assay) is one of the most common immunological-based techniques used in food and feed test kits to analyze mycotoxins. A number of food safety producers have used the ELISA technique for the identification of mycotoxins and have been accessible for a century now. The technique is based on a specific antibody’s capacity to differentiate a particular mycotoxin’s 3D structure. ELISA mycotoxin tests are regarded as low-sample volume demands with high-performance tests and it often extracts less sample clean-up process in comparison with quality techniques such as HPLC and TLC.
As of 2018, the global Mycotoxin Testing Market size was evaluated to be $858 million. The market is poised to increment at a growing CAGR of 6% during the forecast period 2019-2025. Mycotoxin testing market growth is driven due to an increase in foodborne illness because of mycotoxin contamination, change in atmospheric conditions, and a rise in demand for compliance with international trade mandates.
Emerging Technologies Creating Positive Impact in the Mycotoxin Testing Market
In 2017, Neogen Corporation, an international food safety company, launched a revolutionary test, Reveal Q+ MAX format, for the detection of six major mycotoxins that use only water-based extractions. It is a completely new range of easy and quick test that positively supports the detection of mycotoxins. This format is highly cost-effective and time-saving as it enables the testers to test the same common sample extract every six major mycotoxins and it terminates the usage of hazardous solvents in the testing process. The Reveal Q+ MAX product is an ideal combination of all the recent mycotoxin testing innovations. With this, the need for labs to dispose and handle hard chemical solvents are eliminated. To make the tests more simplified, the qualitative test results can be obtained by using a test strip that can be simply dipped into the extracted sample. This technological advancement has revolutionized the mycotoxin testing market.
In September 2018, BIOMIN, animal health, and nutrition company, introduced an innovative, Spectrum Top 50 mycotoxin detection service in the global marketplace. It helps in identifying more than 50 different metabolites and mycotoxins in raw materials and finished feeds. The customers are highly benefitted with the development of this technique as it can detect the previously undetected and uncover mycotoxin lurking in their feed. With the innovation of Spectrum Top 50 in mycotoxin testing market, BIOMIN has extended the mycotoxin risk management offerings with an objective to protect and detect the customers facing problems.
Europe Dominating the Mycotoxin Testing Market with the Highest Revenue Share
As of 2018, Europe subjugated the mycotoxin testing market with a regional share of 32%. According to the World Mycotoxin Forum 2018 report, currently, the European Union (EU) produces approximately 300 million tons of cereals. Globally, Europe has the main production areas for high-quality wheat. The region has implemented major regulations for mycotoxins in feed and food. Consequently, grain collectors and international traders are the major people involved after the grain is cultivated for analyzing and sampling the mycotoxin levels, in order to ensure product safety and compliance to both the commercial and regulatory requirements. European Union has set up a maximum limit for mycotoxins in feed and food products that are not harmful for consumption by animals and humans. In addition to the regulations, traders in Europe have to contemplate about the provisions that are originated from agreements with their business partners. It created an increase in the demand for mycotoxin testing that is more reliable, cost-effective, and practical.
Additionally, Fusarium contamination is the major problem faced by farmers that are caused by 50% due to weather conditions. Most of the farmers in Europe are certified under the supply chain scheme. These schemes include good practice and hygienic guidelines that also involves mycotoxin risk management. Another contamination that poses considerable risk to livestock and humans is aflatoxin. When aflatoxin is exposed to humans, it leads to chronic and acute aflatoxicosis, liver cancer, liver cirrhosis, immune suppression, and stunted growth in children. Europe experiences a lot of severe health-related conditions due to aflatoxin contamination. In the EU’s Rapid Alert System for Food and Feed (RASFF), aflatoxin is the most important contaminant. Thus, the emergence of methods to detect issues caused due to such contamination is creating opportunities for the mycotoxin testing market growth.
Major Frontrunners in Mycotoxin Testing Market
Some of the key companies in the mycotoxin testing market are Microbac Laborateries Inc. (US), AsureQuality (New Zealand), Bureau Veritas S.A. (France), OMIC USA (US), Eurofins (Luxembourg), Symbio Laboratories (Australia) Intertek Group Plc (UK), Romer Labs (US), Mérieux NutriSciences (US), Neogen Corporation (US), and ALS Limited (Australia). These pioneering companies are utilizing extensive resources on developmental and innovational activities to deliver essential products and solutions to global customers, deliberately strengthening their brand image and setting new trends for the global market.
Bureau Veritas and Schutter Group Introduced Aflatoxin Services
In 2017, Bureau Veritas was acquired by Schutter Group for a firm’s agri-food strategy. Both the companies together introduced a rapid aflatoxin pre-shipment inspection and quality control process designed in order to safeguard shippers, producers, feed processors, and global buyers to alleviate the risk related to toxin exposure while on-site detection tests. Thus, such acquisitions in the marketplace are driving the growth of the mycotoxin testing market.
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