Mycotoxin Feed Testing Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Global Mycotoxin Feed Testing Market is segmented By Type of Mycotoxin (Aflatoxins, Ochratoxin, Fumonisins, Deoxynivalenol, Patulin, Others) By Technology (Chromatography Based, Immunoassay Bed, Lateral Flow Assay Based, Spectroscopy Based, Others) By End-user (Feed Manufactures, Regulatory Agencies, Research Institutions, Others) and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Market Overview

Global Mycotoxin Feed Testing Market reached US$ 912.10 million in 2023 and is expected to reach US$ 2,242.25 million by 2031, growing with a CAGR of 11.9% during the forecast period 2024-2031.

The heightened awareness among livestock producers regarding the detrimental effects of mycotoxins on animal health and productivity is fostering a greater demand for testing services. As the understanding of mycotoxin contamination deepens, regulatory bodies are implementing stricter guidelines, compelling producers to adhere to rigorous testing protocols. Additionally, the globalization of the feed industry has increased the risk of mycotoxin contamination during transportation and storage, necessitating comprehensive testing throughout the supply chain.

Moreover, advancements in technologies are enabling more accurate and efficient detection of a wider range of mycotoxins. In June 2023, EnviroLogix Inc. launched TotalTox Testing Kits, a revolutionary approach to on-site multiple mycotoxin testing. TotalTox tests were created to increase the operational efficiency of mycotoxin testing while also assisting grain buyers (grain elevators, corn mills, feed mills, ethanol facilities, etc.) in managing mycotoxin risk.

Aflatoxins have the highest share in the mycotoxin feed testing market growth due to their widespread contamination, severe health risks, and stringent regulations. Similarly, North America dominates the mycotoxin feed testing market, capturing the largest market share due to the growing advanced animal feed industry in the region.

Market Scope

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Market Dynamics

Focus on Animal Health and Performance

Mycotoxins, toxic compounds produced by certain fungi found in various agricultural commodities, pose significant threats to animal health and productivity. With increasing awareness of the detrimental effects of mycotoxins on animal performance, including reduced feed intake, impaired growth, and compromised immune function, there's a growing demand for effective testing solutions to mitigate these risks. Farmers and feed manufacturers are increasingly prioritizing the implementation of rigorous mycotoxin testing protocols to ensure the safety and quality of animal feed.

On August 19, 2023, PerkinElmer, Inc. announced the release of an enhanced mycotoxin detection system designed to assist pet food producers, grain processors, feed mills, and contract labs in handling mycotoxin samples with greater precision and efficiency. The MaxSignal Mycotoxin Automation Bundle processes up to 180 samples in less than 90 minutes by using novel tests and automation.

Growing Incidence of Mycotoxin Contamination

Factors such as climate change, improper storage conditions, and agricultural practices have contributed to the increased prevalence of mycotoxin contamination in feed ingredients worldwide. According to a study published in March 2023, by the National Centre Centre for Biotechnology Information, mycotoxins were found in 46% of Middle East and North Africa (MENA)'s animal feed, endangering the health of both animals and people who consume animal products in this area. Similarly, according to DSM, mycotoxins contaminate 94% of animal feed, which can seriously impair the health and performance of pets.

As a result, there is a pressing need for effective testing solutions to identify and quantify mycotoxins in feedstuffs before they are consumed by livestock and poultry. This heightened awareness of mycotoxin risks, coupled with the potential economic losses associated with mycotoxin-related illnesses and reduced animal performance, is driving demand for comprehensive and reliable mycotoxin testing services and technologies.

Consequently, the mycotoxin feed testing market is experiencing steady growth as farmers, feed manufacturers, and regulatory authorities recognize the importance of proactive testing measures in safeguarding animal health, ensuring feed safety, and maintaining overall productivity in the livestock and poultry industries. As the incidence of mycotoxin contamination continues to rise, the demand for advanced testing solutions is expected to further fuel market expansion in the coming years.

High Cost and Lack of Awareness

The expenses associated with mycotoxin testing pose a considerable barrier to widespread adoption. Testing procedures often require specialized equipment and skilled personnel, driving up the overall cost. For many feed producers, especially those operating on tight budgets, these expenses can be prohibitive, leading to limited testing frequency or reliance on less accurate methods.

Additionally, the lack of awareness about the risks posed by mycotoxins and the importance of regular testing further exacerbates the market's challenges. Some feed producers may underestimate the potential impact of mycotoxins on animal health and productivity, resulting in complacency towards testing practices. Without a comprehensive understanding of the risks and benefits associated with mycotoxin testing, stakeholders may prioritize other aspects of feed production, neglecting this critical aspect of quality assurance.

Segment Analysis

The global mycotoxin feed testing market is segmented based on type of mycotoxin, technology, end-user, and region.

Severe Health Risks Associated with Aflatoxins

Aflatoxins are highly toxic compounds produced by certain molds, primarily Aspergillus species, which commonly contaminate feed and food commodities. Their toxicity poses serious health risks to both animals and humans, including liver damage, immune suppression, and even carcinogenic effects. Given these health concerns, regulatory bodies worldwide impose strict limits on aflatoxin levels in feed and food products, driving the demand for accurate and reliable testing methods. As a result, the need for effective testing solutions to detect and quantify aflatoxins in feed has escalated significantly.

In February 2024, Waters Corporation, a provider of food safety analytical tools and software, unveiled the VICAM Fumo-V ONE Strip Test, a new test designed to identify dangerous toxins in pet foods and completed animal feed. In less than ten minutes, the test can detect the three most prevalent mycotoxins— aflatoxin, fumonisin, and DON, also called vomitoxin or deoxynivalenol—saving processors time and enhancing food safety

Geographical Penetration

Growing Advanced Animal Feed Industry and Stringent Regulations in North America

North America holds the highest share in the mycotoxin feed testing market growth due to the stringent regulations and quality standards imposed by regulatory bodies such as the Food and Drug Administration (FDA) in the United States necessitate rigorous testing for mycotoxins in animal feed. These regulations drive the demand for mycotoxin testing services and products in the region.

The growing animal feed industry has played a significant role in propelling North America to have the highest share in the mycotoxin feed testing market growth. there has been a corresponding increase in the production and consumption of animal feed.  According to the American Feed Industry Association, in the United States, there are about 5,800 animal food production facilities that produce over 284 million tons of pet food and finished feed annually.

With this growth comes an elevated risk of mycotoxin contamination in feed ingredients. To ensure the safety and quality of animal feed, regulatory bodies in North America have implemented stringent standards and regulations, mandating the testing of feed ingredients for mycotoxins. These regulations create a strong impetus for feed producers and manufacturers to conduct comprehensive mycotoxin testing throughout the supply chain.

COVID-19 Impact Analysis

The COVID-19 pandemic had a significant impact on various industries worldwide, including the mycotoxin feed testing market. Disruptions in supply chains and logistical challenges caused by lockdowns and restrictions on movement have affected the availability and distribution of mycotoxin testing kits and equipment. Many manufacturers faced difficulties in sourcing raw materials, manufacturing components, and transporting finished products, leading to delays in production and delivery.

The closure of businesses and restrictions on agricultural activities have impacted the demand for mycotoxin testing services. With disruptions in livestock farming operations and reduced economic activity, the need for testing feed for mycotoxins may have decreased in some regions, which experienced fluctuations in demand during the pandemic.

Russia-Ukraine War Impact Analysis

The Russia-Ukraine war has had a significant impact on various industries, including the mycotoxin feed testing market. Ukraine is a major producer and exporter of grains, including corn and wheat, which are commonly used in animal feed. The conflict has disrupted agricultural activities in Ukraine, leading to concerns about the quality and safety of grains and feed ingredients produced in the region. This has increased the demand for mycotoxin testing services as producers and exporters seek to ensure the integrity of their products and comply with food safety regulations.

Key Developments

• In September 2023, ImagoAI, introduced the world's quickest mycotoxin test, which can yield results in under 30 seconds. This innovative approach provides food producers, processors, feed mills, grain elevators, milling firms, and mycotoxin risk management more economically and efficiently.
• In September 2020, Amlan International introduced a Mycotoxin Diagnostic Services kit for on-site feed testing. Companies can reduce their expenses by using the BioInsights Mycotoxin Diagnostic Services offering instead of costly laboratory testing for mycotoxins.
• In August 2021, Volac acquired Micron Bio-Systems, a bio-science solutions business that produces and markets environmental goods, nutraceuticals, silage additives, and mycotoxin remediation solutions. Additionally, Micron has a cutting-edge, UKAS-accredited testing facility for determining the presence of mycotoxin in feedstuffs.
• In June 2020, DSM declared to acquire Romer Labs and Biomin, two of the Erber Group's specialized animal nutrition and health companies. These broaden DSM's offering of greater value-add specialist solutions by specializing mainly in mycotoxin risk management, gut health performance management, and food and feed safety diagnostic solutions.

Competitive Landscape

The major global players in the market include Eurofins Scientific, SGS Société Générale de Surveillance SA, Bureau Veritas, Intertek Group plc, AsureQuality, Dairyland Laboratories Inc., IEH Laboratories and Consulting Group, ENVIROLOGIX INC., Romer Labs Division Holding, Thermo Fisher Scientific Inc.

Why Purchase the Report?

• To visualize the global mycotoxin feed testing market segmentation based on the type of mycotoxin, technology, end-user and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of global mycotoxin feed testing market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global mycotoxin feed testing market report would provide approximately 62 tables, 58 figures, and 250 pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies