Mycotoxin Testing Market

The mycotoxin testing market is estimated at USD 1.6 billion in 2024 and is projected to reach USD 2.3 billion by 2029, at a CAGR of 6.7% from 2024 to 2029.

The mycotoxin testing market is being propelled by a convergence of factors. Firstly, stringent food safety regulations imposed by governments and international bodies necessitate comprehensive testing protocols throughout the food supply chain. Concurrently, the escalating incidence of food contamination due to fungi and molds, which produce mycotoxins, has heightened concerns about food safety, compelling both consumers and food producers to prioritize testing. Additionally, with the globalization of food supply chains, products are sourced from diverse regions, each with unique environmental conditions, amplifying the risk of mycotoxin contamination and emphasizing the need for rigorous testing. Technological advancements have revolutionized mycotoxin testing, making it more efficient, accurate, and cost-effective, further fueling market growth. Furthermore, the necessity to ensure the safety of animal feed to prevent mycotoxin contamination in livestock and poultry has propelled demand within the animal feed industry.

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SGS Société Générale de Surveillance SA (Switzerland)

Established in 1878, SGS Société Générale de Surveillance SA is a leading authority in the field of testing, inspection, and certification services on a global scale. Our wide array of services includes inspecting, sampling, analyzing, and monitoring raw materials, components, and products to ensure adherence to industrial standards and local regulations, including tax and duty requirements. Catering to a diverse clientele across various sectors such as chemical, oil and gas, agriculture and food, construction, energy, life sciences, arts and culture, mining, public sector, logistics, industrial manufacturing, consumer goods and retail, environment, and transportation, SGS plays a crucial role in maintaining industry standards worldwide. With a workforce of 99,600 dedicated professionals operating from 2,600 offices and laboratories strategically located worldwide, the company is committed to deliver excellence in its services and reinforcing its global presence.

In March 2023, SGS Société Générale de Surveillance SA acquired the testing business and assets of Asmecruz, a cooperative of mussel producers in Boiro, Spain. This move aligns with its strategy to enhance its food services and lab network in Europe, especially in line with the nutrition, health, and wellness trend. It also strengthens its presence in Spain.

DSM-Firmenich (Netherlands)

dsm-firmenich is a globally renowned science-based company with a robust focus on health, nutrition, and materials. Its extensive product portfolio includes nutrition solutions, performance ingredients, functional materials, polymer intermediates, biomaterials, and the development of medical devices. The company serve a wide range of markets, including food and beverages, dietary supplements, personal care, animal nutrition, medical devices, as well as sectors such as automotive, paints, electrical and electronics, alternative energy, and construction materials.

One of the company’s key offerings is the provision of analytical solutions to assess the presence of mycotoxins in feed materials. Notably, its Mycotoxin PROcheck program is a comprehensive five-step service tailored to address mycotoxin occurrences in feed ingredients. This initiative is dedicated to safeguarding the health and performance of animals by effectively managing the risks associated with mycotoxin contamination.

In October 2020, the acquisition of Erber Group's Biomin and Romer Labs by dsm-firmenich will significantly benefit the company by broadening its portfolio with specialized animal nutrition, health, and food safety solutions. Biomin's expertise in mycotoxin risk management and gut health performance management complements DSM's existing offerings, enhancing its capabilities in addressing animal health challenges.solutions for agricultural needs.

ALS (Australia)

ALS, headquartered in Australia, specializes in providing professional technical services. Its core areas of expertise include testing, measurement, and inspection, with a focus on supporting environmental monitoring, ensuring quality assurance in food and pharmaceutical industries, and aiding in mining and mineral exploration efforts. The company’s business is divided into two segments: Commodities and Life Sciences. The Commodities segment offers assaying, analytical testing, and metallurgical services to mining and mineral exploration companies. Additionally, it provides specialized services to the coal industry, including coal sampling, analysis, and certification, as well as formation evaluation and tribology testing services.

On the other hand, the Life Sciences segment delivers analytical testing data to consulting firms, engineering firms, industries, and governments worldwide. This data assists in making informed decisions across various sectors, including environmental management, food and pharmaceutical quality assurance, electronics, consumer products, and animal health.

In March 2024, ALS announced the acquisitions of York Lab (US) and Wessling (Germany), marking strategic advancements in its Life Sciences portfolio. These acquisitions underscore ALS' capability to execute transactions within its growth framework, aiming to broaden both geographic presence and service offerings for new and existing clients. York Lab's acquisition will facilitate entry into the burgeoning USA environmental market, especially in the northeast, while Wessling offers access to the substantial German and French environmental and pharmaceutical markets, enhancing ALS' European footprint.

Related Reports:

Mycotoxin Testing Market Report by Type (Aflatoxins, Ochratoxin, Fumonisins, Zearalenone, Deoxynivalenol, Trichothecenes, Patulin), Technology (Chromatography- & Spectroscopy- Based, Immunoassay-Based), Sample, & Region - Global Forecast to 2029

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