Mycotoxin Feed Testing Market

According to Stratistics MRC, the Global Mycotoxin Feed Testing Market is accounted for $1.62 billion in 2024 and is expected to reach $2.57 billion by 2030 growing at a CAGR of 8.7% during the forecast period. Mycotoxin feed testing refers to the process of analyzing animal feed for the presence of mycotoxins, toxic compounds produced by certain moulds. These toxins can contaminate crops and feed materials, posing health risks to livestock and, consequently, to humans through the food chain. Testing involves collecting samples of feed and using various methods, such as chromatography or immunoassays, to detect and quantify specific mycotoxins.

According to the United Nation’s Food and Agriculture Organization (FAO), mycotoxins, which are secondary metabolites of molds and are hazardous, are found in roughly 25% of the world’s food. There are around 400 distinct types of mycotoxins known, with 25 of them being extremely common owing to their frequency of occurrence.

Market Dynamics: 

Driver: 

Increasing regulations regarding feed safety and quality

Increasing regulations regarding feed safety and quality mandates rigorous testing to ensure compliance with safety standards. Regulatory bodies enforce limits on mycotoxin levels in animal feed, prompting producers to adopt testing protocols to avoid legal repercussions and maintain market access. This push for compliance enhances awareness of mycotoxin risks, leading to greater investment in testing services and technologies. As the regulatory landscape evolves, the demand for reliable mycotoxin testing continues to expand, supporting market growth.

Restraint:

Seasonal variability

Seasonal variability in agricultural production affects the supply and demand for animal feed, leading to inconsistent testing requirements. During periods of abundant feed production, the demand for mycotoxin testing may decline as farmers and producers face lower risks of contamination. Conversely, during lean seasons, resources may be strained, and testing may not be prioritized, hindering market growth. This unpredictability can create challenges for testing service providers in maintaining consistent operations and profitability.

Opportunity:

Expansion of international trade in animal feed

The expansion of international trade in animal feed increases the demand for mycotoxin feed testing by necessitating adherence to stricter safety regulations and quality standards across borders. As countries import and export animal feed, ensuring that products are free from harmful mycotoxins becomes crucial for protecting livestock health and maintaining consumer trust. This heightened scrutiny encourages feed producers and suppliers to invest in reliable testing services, driving market growth. Additionally, the potential economic impact of mycotoxin contamination fosters a proactive approach to testing in the global supply chain.

Threat:

Complex testing procedures

Complex testing procedures in mycotoxin feed testing often involve multiple analytical methods, such as chromatography and mass spectrometry, requiring specialized equipment and trained personnel. This complexity can lead to longer turnaround times and higher costs, making it challenging for smaller producers to adopt comprehensive testing. As a result, the perceived difficulties and costs associated with complex testing can slow the overall growth of the mycotoxin feed testing market.

Covid-19 Impact

The covid-19 pandemic significantly affected the mycotoxin feed testing market by disrupting supply chains and testing services. Reduced livestock production and feed demand during lockdowns led to a decline in testing activities. However, increased awareness of food safety and health concerns spurred demand for mycotoxin testing post-pandemic. The market is gradually recovering as industries adapt, emphasizing quality control and safety in feed production to mitigate risks associated with mycotoxin contamination.

The aflatoxins segment is expected to be the largest during the forecast period

The aflatoxins segment is estimated to have a lucrative growth. Aflatoxins are toxic compounds produced by certain moulds, primarily Aspergillus species, which can contaminate agricultural products like grains, nuts, and seeds. They pose significant health risks, including liver damage and cancer, particularly in animals and humans consuming contaminated feed or food. Regulatory agencies monitor aflatoxin levels to ensure safety in food supply chains. Prevention involves proper storage and handling practices to minimize mold growth and contamination.

The food safety segment is expected to have the highest CAGR during the forecast period

The food safety segment is anticipated to witness the highest CAGR growth during the forecast period. Mycotoxin feed testing is crucial for ensuring food safety, as mycotoxins can contaminate animal feed and, subsequently, the food supply. These toxins, produced by mold, pose serious health risks to livestock and humans, including acute toxicity and long-term carcinogenic effects. Regular testing helps detect mycotoxin levels, enabling producers to take corrective actions. Regulatory compliance and maintaining feed quality are essential to protect animal health and ensure safe food products for consumers.

Region with largest share:

The mycotoxin feed testing market in the Asia-Pacific region is experiencing significant growth due to increasing awareness of food safety, stringent regulations, and the rising demand for animal products. Key drivers include the expansion of the livestock industry and the prevalence of mycotoxin contamination in feed. Technological advancements in testing methods and the availability of rapid testing kits are further propelling market growth. Additionally, increased investment in research and development to combat mycotoxin effects is enhancing the overall market landscape in the region.

Region with highest CAGR:

The mycotoxin feed testing market in North America is experiencing steady growth driven by increasing awareness about food safety and regulatory standards. This region's market is characterized by stringent regulations mandating mycotoxin testing in animal feed to ensure consumer safety and livestock health. Key players in the market offer advanced testing methods and technologies to detect and quantify mycotoxins efficiently. North America's market dynamics reflect a growing emphasis on preventive measures in agriculture and animal husbandry, influencing the adoption of robust mycotoxin feed testing protocols.

Key players in the market

Some of the key players profiled in the Mycotoxin Feed Testing Market include PerkinElmer Inc., Merck KGaA, Intertek Group, Aflatoxin Testing Services, Gustav Wolf GmbH, TUV SUD, Cawood Scientific Limited, AgraQuest Inc., Neogen Corporation, Romer Labs Division Holding GmbH, Bureau Veritas, Eurofins Scientific, Societe Generale de Surveillance SA (SGS) and Symbio Labs.

Key Developments:

In May 2023, Symbio Labs in Australia expanded its capabilities to accurately detect a range of mycotoxins at low concentrations. With detection sensitivity reaching parts per billion, Symbio Labs guarantees precise reporting even at minimal levels. This enhancement establishes Symbio Labs as one of the few in Australia capable of promptly and accurately identifying mycotoxins in grain, finished feed, and food items.

In March 2023, SGS Société Générale de Surveillance SA finalized the acquisition of Asmecruz's testing business and assets, previously operated by a cooperative of mussel producers in Boiro, Spain. This strategic decision is in line with SGS's objective to bolster its food services and laboratory infrastructure across Europe, particularly to meet the growing demand for nutrition, health, and wellness-related services. Furthermore, it reinforces SGS's footprint in Spain.

Types Covered:
• Aflatoxins
• Ochratoxins
• Fusarium Toxins
• Deoxynivslenol
• Trichothecenes
• Zearalenone
• Patulin
• Other Types

Animal Types Covered:
• Poultry
• Swine
• Aquaculture
• Ruminants
• Other Animal Types

Testing Methods Covered:
• Immunoassays
• Chromatography
• Spectrometry
• Rapid Testing Kits
• Other Testing Methods

Applications Covered:
• Animal Feed
• Food Safety
• Pharmaceuticals
• Research & Development
• Quality Control
• Other Applications

End Users Covered:
• Feed Manufacturers
• Animal Farms
• Laboratories
• Food & Beverage Companies
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances