The food mycotoxin testing market size is expected to show market value of USD 1.5 billion by 2028 and will grow at rate of 7.10% in the forecast period 2021 to 2028. Rise in the product acceptance and usage is the factor responsible for the growth of food mycotoxin testing market in the forecast period of 2021 to 2028.
The mycotoxins are generally found in food, they are naturally occurring toxins produced by certain fungi often under warm and humid conditions. They have toxic effects such as neurotoxicity, immunosuppression, birth defects, irritable skin and irritable skin. It is found in crops, cereals, nuts, spices, dried fruits, apples and coffee beans among others. The conventional food processing techniques cannot destroy them so the food samples are generally taken straightaway from the farm.
The demand for safe and healthy food, surging concerns related to food safety coupled with surging incidences of improper sanitation/processing conditions, food-borne illness and cases of mycotoxicosis outbreaks are major factors contributing for growth in market. Additionally, the growth in consumer awareness and the government and regulatory bodies across the world have made testing of food ingredients mandatory which are estimated to contribute to growth of the food mycotoxin testing market. However, the scarce food control infrastructure due to factors such as limited resources, limited technology and poor management in many developing countries is estimated to obstruct the overall growth of the market.
Moreover, the increase in international trade and its usage in pharmaceutical industry are estimated to further generate new opportunities for the market in the forecast period of 2021 to 2028. The customers’ lack of awareness about the quantity required for mycotoxin testing can challenge the market’s growth because the lack of standardization in sample collection or inappropriate collection affects the results which can impact the market negatively.
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This Food Mycotoxin Testing Market analysis report deeply attempts to determine the impact of buyers, substitutes, new entrants, competitors, and suppliers on the market. The report has explained market insights about market size, latest trends, market threats and key drivers that are motivating the market. It gives an in-depth knowledge on what the recent developments are, product launches are while also keeping the track for recent acquisitions, mergers, joint ventures and competitive research in the global market. The Food Mycotoxin Testing Market report is a professional yet exhaustive study on the current as well as future state for the market.
Food Mycotoxin Testing Market report delivers an extensive research on the current conditions of the industry, potential of the market in the present and the future prospects from various points of views. The numerical and statistical data has been denoted in the graphical format for a clear understanding of facts and figures. In this market report, market segmentation is performed in detail based on various parameters that include applications, verticals, deployment model, end user, and geographical region. With the complete comprehension of business goals and needs to bridge the gap, this Food Mycotoxin Testing Market report is generated which delivers the most suitable solutions.
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