Fumonisin B1 Market Revenue was valued at USD 450 Million in 2024 and is estimated to reach USD 650 Million by 2033, growing at a CAGR of 5% from 2026 to 2033.
The global Fumonisin B1 market was valued at approximately USD 1.1 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.4% from 2023 to 2030. The market is primarily driven by increasing awareness regarding the adverse health effects of mycotoxins, particularly in food safety. The demand for Fumonisin B1 testing and management in the food and feed industries is expanding, especially in regions with large agricultural sectors. The market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, with North America holding the largest share in 2022 due to the robust regulations on food safety and the presence of key agricultural industries. Europe follows closely due to stringent regulations and high demand for mycotoxin testing in food production processes.
Regionally, the Asia Pacific market is expected to witness the highest growth, with a CAGR of 7.2% over the forecast period. This growth is attributed to the rapidly expanding agricultural sectors in countries like China and India, coupled with increasing concerns over food safety and quality. Latin America also presents lucrative opportunities, especially in countries like Brazil, where there is a significant focus on improving agricultural output and reducing the risk of mycotoxins. The Middle East & Africa region, while currently holding a smaller share of the market, is expected to show steady growth due to increasing agricultural exports and awareness regarding mycotoxin contamination in food and feed products. With rising demand for safe agricultural products, the global Fumonisin B1 market is set to expand across multiple regions over the next few years.
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Adooq Bioscience
LKT Laboratories
Abcam
Spectrum Chemical
StressMarq Biosciences
Biosynth Carbosynth
LGC
Cayman Chemical
Santa Cruz Biotechnology
Bio-Techne
Merck
Enzo Biochem
Focus Biomolecules
STEMCELL Technologies
APExBIO Technology
Pharmaffiliates
Cato Research Chemicals
Aladdin
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Fumonisin B1 Market
Corn
Sorghum
Wheat
Rice
Food and Beverages
Animal Feed
Pharmaceuticals
Cosmetics
Liquid
Solid
Powder
Agriculture
Food Industry
Pharmaceutical Industry
Cosmetics Industry
Online Retail
Offline Retail
Distributors
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Fumonisin B1 Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Fumonisin B1 Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Fumonisin B1 Market, By Type
6. Global Fumonisin B1 Market, By Application
7. Global Fumonisin B1 Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Fumonisin B1 Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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