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Latin America Mycotoxin Testing Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Type, Technology, Food And Feed Tested, And By Country (Brazil, Argentina, Mexico, Chile and Rest of Latin America) - Industry Analysis From 2024 to 2029

Published: March, 2023
ID: 4873
Pages: 145
Formats: report pdf report excel report power bi report ppt

Latin America Mycotoxin Testing Market Size (2024 to 2029):

The Latin America mycotoxin testing market size is expected to reach USD 0.77 billion in 2024 and reach USD 1.00 billion by 2029, growing at a CAGR of 6.6% from 2024 to 2029.

Mycotoxins are toxic chemical substances produced by molds that affect plants and crops. These mycotoxins are hazardous and can cause harmful effects or can be life-threatening in animals and humans. The effect of toxins on humans can affect normal cell function and can cause diseases such as Kidney toxicity, Autism, Cancer, Immune suppression, and Birth Defects.

Almost 50,000 species of molds are identified, of which about 200 present health risks to humans and animals. When the conditions are right for their growth, spores of fungiform colonies and mycotoxin levels increase in the infected area. Food processing may not necessarily remove the contamination and hence mycotoxin testing is necessary for the detection of these toxins.

Fungi have better-growing conditions in a moist atmosphere and most of the food products have some amount of moisture. Hence, mycotoxin testing is increasing in demand with the increase in food demand across the world. Increasing concerns for food safety and increasing awareness among people regarding the mycotoxin effects are increasing the demand for mycotoxin testing. All these factors are expected to drive the market. Lack of proper equipment in developing countries and complex regulatory standards are restraining the market.

This research report on the Latin America mycotoxin testing market is segmented and sub-segmented into the following categories.

Latin America Mycotoxin Testing Market – By Type:

  • Ochratoxins
  • Fusarium
  • Aflatoxins
  • Patulin and Others

Aflatoxins are the largest market segment as it is the most common mycotoxin produced by molds. The Fusarium segment is expected to be the fastest-growing segment due to a wide number of toxins produced by the Fusarium genus.

Latin America Mycotoxin Testing Market – By Technology:

  • High-pressure liquid chromatography (HPLC)
  • Immunoassay-based or Enzyme-linked immunosorbent assay (ELISA)
  • and LC-MC/GC-MS Based

HPLC is expected to be the largest market segment because it is considered to be the most effective test for mycotoxin testing.

Latin America Mycotoxin Testing Market – By Food Tested:

  • Cereals
  • Grains & Pulses
  • Dairy Products
  • Processed Food
  • Meat & Poultry
  • Nuts
  • Seeds & Spices
  • others

Latin America Mycotoxin Testing Market – By Feed Tested:

  • Cereals & Cereal

Latin America Mycotoxin Testing Market – By Product:

  • Oil Meals & Cakes
  • Forage & Silage
  • other feed ingredients

Latin America Mycotoxin Testing Market – By Country:

  • Brazil
  • Argentina
  • Mexico
  • Chile
  • Rest of Latin America

Based on geography, the Latin America market is categorized into Brazil, Argentina, Mexico, and the Rest of South America. Due to the presence of significant agricultural production, mycotoxin contaminations are common in this region leading to the growth of the mycotoxin testing market.

KEY MARKET PLAYERS:

Some of the major players in this region are Bureau Veritas S.A, Symbio Laboratories, Romer Labs Diagnostic GmbH, Eurofins Scientific SE, Asurequality Ltd., ALS Ltd, Microbac Laboratories, Inc., Intertek Group PLC., Silliker, Inc., and SGS S.A

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